Lead Acid Battery for Energy Storage 2021 Global Market Key Players - Rolls Surrette, Okaya, Champion Storage Battery Company Limited, Bulls Power, HOPPECKE, GSYuasa-Analysis And Forecast To 2028

Lead Acid Battery for Energy Storage Market 2021-2028

New study report " Lead Acid Battery for Energy Storage Market 2021 Global Market Opportunities, Challenges, Strategies, and Forecasts 2028" has been added to Fortune Business Insights.

Market Overview-

The global lead acid battery for energy storage market size is projected to reach USD 9.73 billion by 2027, exhibiting a CAGR of 3.6% during the forecast period. Increasing renewable capacity additions will be a major growth determinant for this market, shares Fortune Business Insights™ in its report, titled “Lead Acid Battery for Energy Storage Market Size, Share & COVID-19 Impact Analysis, By Type (Utility Owned, Custom Owned, Third Party Owned), By Application (Micro-grid, Household, Industrial, Military), and Regional Forecast, 2020-2027”. According to the latest publication by the International Renewable Energy Agency (IRENA), the global renewable energy capacity stood at 2,537 GW at the end of 2019, with wind and solar accounting for 25% of the increase. While renewables capacity is growing at an impressive rate, the challenge faced by the energy sector is in the form of energy storage. The International Energy Agency (IEA) estimates that by 2030 the world will need 266 GW of energy storage. Lead-acid batteries are the oldest and some of the most reliable battery storage systems, costing substantially lower than lithium-ion batteries. Moreover, these batteries can be effectively used for solar power storage are they are configurable and scalable to meet any capacity requirements.

Key Players-

The key players have an essential part to play in fostering the product improvement as per the demand of the consumers with ample supply in particular regions. The well-known brands are also acknowledged and aware of the potential links with the global Lead Acid Battery for Energy Storage Market 2021-2028 for showing a prominent place to the key players in the market.

Top Key Players in this market are:

Rolls Surrette (Springhill, Canada)
Okaya (New Delhi, India)
Champion Storage Battery Company Limited (Shenzhen, China)
Bulls Power (Guangdong, China)
HOPPECKE (Brilon, Germany)
GSYuasa (Kyoto, Japan)
Amara Raja (Hyderabad, India)
East Penn Manufacturing (Lyons, PA, USA)
Enersys (Reading, United States)
First National Battery (Benoni, South Africa)
Storage Battery Systems, LLC (Ridgewood Dr. Menomonee Falls, United States)
C&D Technologies (Pennsylvania, United States)

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Competitive Landscape-

Key Players to Focus on Providing Efficient Battery Back-up Systems

Power storage and transmission necessitates the development of efficient back-up battery systems to ensure uninterrupted supply of energy. Companies in the lead acid for energy storage market are constantly in the process of engineering such storage solutions, with particular focus on government bodies, which need to ensure continuous power supply to households and industries.

Market Restraint-

Limited Utilization of Lead-acid Batteries in Grid Stabilization to Hinder Market Growth

One of the major constraints facing the lead acid battery for energy storage market growth is the limited capacity and usage of lead-acid batteries in grid storage. Power companies are preferring lithium-ion (li-ion) batteries for grid stabilization over more conventional energy storage systems owing to their high energy density and lightweight properties. For instance, the Hornsdale Power Reserve in Southern Australia is the world’s largest lithium-ion battery storage facility built by Tesla, which is used to stabilize the electricity grid from the energy received from a nearby wind farm. The battery system also powers over 30,000 homes in the region. In 2015, California heavily utilized lithium-ion battery technology to offset the loss of energy that was triggered when the Aliso Canyon natural gas facility leaked. Considerable benefits of li-ion batteries as compared to lead-acid energy storage systems will be a critical hurdle for this market in the coming years, as the race for energy security intensifies.

Regional Analysis-

Transforming Renewables Infrastructure to Accelerate the Market in Asia Pacific

With a market size of USD 3.12 billion, Asia Pacific is set to dominate the lead acid battery for energy storage market share in the upcoming years on account of rapidly transforming renewable energy infrastructure in China and India. This factor is further bolstered by the skyrocketing demand for electricity in these two as well as other developing countries in the region, which is surging the installations of battery storage units connected to the grid.

The market for lead acid battery for energy storage in Europe is expected to be mainly driven by the ambitious targets set by countries of the European Union (EU) to mitigate the ill-effects of climate change and global warming. In North America, on the other hand, aggressive adoption of fully-electric and hybrid vehicles is likely to stoke the adoption of lead-acid batteries.

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What does the Report Include?

The market report includes an exhaustive study of several factors such as drivers, restraints, challenges, and opportunities that will affect the growth of the market in the forthcoming years. The report covers regional demographics that include qualitative and quantitative information about the regions that are further divided into nations that are contributing to the growth of the market between 2019 and 2026. Furthermore, the competitive landscape has been discussed in-depth that include information of several players operating in the market. Moreover, information on the adoption of strategies such as merger and acquisition, collaboration, partnerships, and joint ventures by the companies that will drive the growth of the market has been included during the projected horizon.

Table of Content:

1.Introduction

2.Executive Summary

3.Market Dynamics

4.Key Insights

5.Qualitative Analysis – Impact of COVID-19

6.Global Lead Acid Battery for Energy Storage Market Analysis (Million KVah, USD Billion), Insights and Forecast, 2016-2027

7.North America Lead Acid Battery for Energy Storage Market Analysis (Million KVah, USD Billion), Insights and Forecast, 2016-2027

8.Europe Lead Acid Battery for Energy Storage Market Analysis (Million KVah, USD Billion), Insights and Forecast, 2016-2027

9.Asia Pacific Lead Acid Battery for Energy Storage Market Analysis (Million KVah, USD Billion), Insights and Forecast, 2016-2027

10.Latin America Lead Acid Battery for Energy Storage Market Analysis (Million KVah, USD Billion), Insights and Forecast, 2016-2027

11.Middle East & Africa Lead Acid Battery for Energy Storage Market Analysis (Million KVah, USD Billion), Insights and Forecast, 2016-2027

12.Competitive Analysis

13.Marketing Strategy Analysis, Distributors

14.Lead Acid Battery for ESS Upstream, Opportunities, Challenges, Risks, and Influence Factor Analysis

Continue….

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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