Press release
Global Lead-Acid Battery Market Trends | Segmentation, Outlook, Industry Report to 2021-2027
The global Lead-acid battery market is anticipated to grow at a CAGR of around 5.1% during the forecast period (2021-2027). The key factors to drive the market growth include increasing market demand in the transportation industry and a rise in stationery and transportation energy storage applications. For instance, according to the American Road & Transportation Builders Association's annual economic forecast published December 2019 the transportation infrastructure demand in the US is projected to rise at least 5% in 2020. After adjusting for project costs and inflation, total domestic transportation construction and related-market operation in 2020 is expected to hit $300.4 billion, up from $286.5 billion in 2019. Further, according to Energy Storage Grand Challenge Market Report 2020, The combined markets for stationary and transportation energy storage are expected to grow 2.5–4 terawatt-hours (TWh) per year in 2030, approximately three to five times the current 800-gigawatt-hour (GWh) sector.(Get 15% Discount on Buying this Report)
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Rising acquisitions, product development, collaborations among the major players in the market also propel the growth of the market. For instance, in January 2021, GS Yuasa, a Japanese battery manufacturer developed fuel cells that can withstand harsh conditions, from the depths of the ocean to the depths of space. This expansion in its product line will be enabling space travellers to travel comfortably in space. The company batteries will be serving as the main power source for the International Space Station and will be one of the first batteries used by NASA that are manufactured by a non-US company.
A Full Report of Global Lead-Acid Battery Market is Available at: https://www.omrglobal.com/industry-reports/lead-acid-battery-market
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Lead-acid Battery Market Report Segment
By Type
Flooded Lead Acid Batteries
Sealed Lead Acid Batteries
AGM Lead Acid Batteries
Gel Sealed Lead Acid Batteries
Others
By Components
Plates
Separators
Electrolyte
Others
By End-User
Automotive
Industrial
Others
Global Lead-acid Battery Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/lead-acid-battery-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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