Press release
Lead Acid Battery Market 2022 Global Manufacturers, Technology, Application, Products Analysis and Forecast to 2027
Lead Acid Battery Market 2022-2027
Introduction and rapid acceptance of smart battery will continue to fuel the growth of the market for lead acid battery. The global market for lead acid battery registered the revenues of around US$ 46.8 Bn in 2015, which are likely to climb up by 2016 end. Applications in the transportation industry are expected to attract the highest sales revenues, whereas APAC will remain the largest market registering the maximum consumption of the lead acid battery.
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Rising demand for electric or battery-operated vehicles is generating a discernible level of demand for battery on a global level, especially in developed regions. Consumption of lead acid batteries by manufacturers of two-wheelers, passenger cars, heavy transportation vehicles, and commercial carriers is anticipated to sustain the demand for lead acid battery on a global level.
Exploding industrialization and urbanization in developing countries have been fuelling the need for UPS as a reliable source of uninterrupted power, which is foreseen to remain a key factor pushing the battery market growth. Expansion of consumer electronics market is further boosting lead acid battery consumption.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Exide Technologies, Johnson Controls Inc., EnerSys, and GS Yuasa Corporation and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Lead Acid Battery.
A growing trend of consumer preference for extended battery life will further add to the smart battery market. Developing markets in China, India, and other emerging economies are rapidly adopting grid storage technology since the past decade. This will be another major driver escalating the market growth.
Technological advancements in vehicle technology, such as the hybrid vehicle, battery-operated vehicle, or electric vehicle, will be some more strong factors bolstering the market growth. Innovations such as smart battery have been trending in the market since the recent past, which is expected to accelerate the market growth.
However, highly volatile raw material prices and evolving lead emission standards may hamper the market growth. Moreover, relatively higher battery weight and lower energy density will remain longstanding challenges to widespread adoption.
On the basis of application, the global market for a lead acid battery is classified into seven key segments viz. transportation, stationary industrial, motive industrial, stationary industrial, commercial, residential, and grid storage. Transportation has been a major segment, expected to remain dominant over 2015-2020, accounting for the maximum revenues through to 2020.
The stationary industrial segment, which is the second largest segment, will account for over 18% share of the total market revenues. This segment is expected to register significant growth at a CAGR of 8.6% during 2015-2020. Grid storage although the smallest segment is foreseen to witness robust growth during this period. This growth is primarily attributed to growing adoption of lead battery in developing economies for grid storage application.
By region, the global market for a lead acid battery is segmented into five key regions. APAC is predicted to remain a major revenue shareholder, possibly exceed a value of US$ 24.0 Bn in 2020. Europe is expected to register a market share of around 24% by 2020 end, with over 24% market share. Europe will, however, expand at a higher CAGR compared to APAC.
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Key Stakeholders
Lead Acid Battery Market Manufacturers
Lead Acid Battery Market Distributors/Traders/Wholesalers
Lead Acid Battery Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Lead Acid Battery Market Report:
The Lead Acid Battery Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report dives deeper into the market and explains the dynamic factors bolstering market growth.
The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
The report analyzes the Lead Acid Battery Market presence across major regions of the world.
It determines the production & consumption capacities and demand & supply dynamics of each regional market.
The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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