Press release
Global Lead Acid Battery Market Banking On Regulations For Recycling Of Old Products From 2017-2027
To remain 'ahead' of your competitors, request for a Sample@ https://www.persistencemarketresearch.com/samples/12934
Collaboration with End-use Industry Players a Swift Mode for Greater Shares
Going forward, focus of the major player in the global lead-acid battery market is expected to be on collaboration with the players of end-use industries in order to maintain consistent demand. The automotive industry players are among the most preferred ones. In addition to that, research and development of efficient batteries is expected to formulate a way to greater shares for the companies. Moreover, key players in this market are also laying emphasis on expanding their existing facilities in the Asia Pacific region in order to benefit from the opportunities created by the developing economies of China and India.
Global Lead Acid Battery Market to Reach US$ 94.0 Bn Worth by 2027
If the projections of the PMR report are to be believed, the demand in the global lead acid battery market will increment at a CAGR of 4.4% during the forecast period of 2017 to 2027. In terms of revenue, the analyst has forecasted the opportunities in this market to swell up to US$94,821.6 mn by the end of 2027, with an evaluated worth of US$61,482.2 mn in 2017.
Based on product type, the report segments the lead acid battery market into gel battery, AGM battery, and flooded battery. Application-wise, the market has been bifurcated into motive industrial, transportation, grid storage, residential grid storage, commercial, and stationary industrial. Geographically, Asia Pacific has been underlined as the region with maximum potential.
For critical insights on this market, request for customization here @ https://www.persistencemarketresearch.com/request-customization/12934
Recycling of Old Batteries Opening New Opportunities
Diverse applications of lead acid battery is the primary driver of the sustained demand for it. In the transportation industry, lead acid batteries are used in passenger cars, light commercial vehicles, two wheelers including electric vehicles, and construction and agricultural equipment. Motive industrial usage of lead acid battery includes industrial forklifts and AGV. Stationary industrial usage of these batteries include UPS systems. Residential and commercial sector also uses them for inverters installed at household and as power backup in office and shopping malls. In addition to that, incrementing deployment of microgrids is another prominent driver of the global lead acid battery market. Microgrids are capable of operating solely and are apt at providing power backup to military bases, communities, and educational organizations. On the back of growing emphasis on renewables, microgrids fit perfectly as they can function with power generated from biomass, wind, geothermal, solar, and fossil fuel.
The analysts of the report have also highlighted the strengthened legislative support pertaining to battery recycling as a trend that will redefine the demand over the course of the forecast period. Growing inclination towards ecofriendly business model is expected to stoke this trend.
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/12934
Read More Trending "PMR Exclusive Article"
•Global Market Study on Lithium Ion Batteries: https://www.persistencemarketresearch.com/market-research/lithium-ion-battery-market.asp
•Europe Market Study on Lithium Ion Batteries: https://www.persistencemarketresearch.com/market-research/europe-lithium-ion-battery-market.asp
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Lead Acid Battery Market Banking On Regulations For Recycling Of Old Products From 2017-2027 here
News-ID: 2637825 • Views: …
More Releases from Persistence Market Research
Aseptic Packaging Market Set to Grow to US$136.5 Bn by 2033 Driven by Rising Foo …
Introduction: Aseptic Packaging Market Overview and Industry Evolution
The aseptic packaging market has emerged as a cornerstone of modern food, beverage, and pharmaceutical preservation systems. As global consumers increasingly seek safe, long-lasting, and convenient packaged products, aseptic packaging solutions have gained substantial importance. This technology allows products to be sterilized separately from packaging materials and filled in a sterile environment, ensuring extended shelf life without refrigeration or preservatives. The rising demand…
Gas-Insulated Transmission Line (GIL) Market Expected to See Growth to US$836.9 …
Introduction: Rising Demand for Advanced Power Transmission Solutions
The global energy landscape is undergoing a major transformation as nations accelerate investments in renewable energy, grid expansion, and reliable electricity distribution networks. With rapid urbanization, industrialization, and digital infrastructure growth, the demand for uninterrupted and efficient power transmission has never been higher. Traditional overhead transmission systems, while widely used, face challenges related to land constraints, environmental exposure, and transmission losses. This has…
Dimethyl Sulfide (DMS) Market Anticipated to Reach US$ 251.2 Mn by 2033, Driven …
Market Overview: Expanding Demand for Dimethyl Sulfide Across Industries
The Dimethyl Sulfide (DMS) market is witnessing consistent growth due to its widespread applications across food processing, pharmaceuticals, agriculture, and chemical manufacturing. Dimethyl sulfide is an organosulfur compound known for its distinctive odor and reactive properties, making it a crucial intermediate in multiple industrial processes. In food and beverage applications, it is valued for flavor enhancement, while in chemical manufacturing, it serves…
Onyx Stone Market to Surge to Reach US$ 1.8 Bn by 2033 Driven by Construction & …
Market Overview: Rising Demand for Premium Natural Stones
The onyx stone market has gained remarkable prominence in recent years, driven by increasing demand for luxury natural stones in architecture, interior décor, and artistic applications. Onyx, known for its translucent appearance and unique veining patterns, has become a preferred choice for premium residential and commercial projects. The material's ability to elevate aesthetic appeal while maintaining durability has attracted designers, architects, and homeowners…
More Releases for PMR
Starch Derivatives Market Outlook by 2021 : PMR
Starch derivatives, also known as modified starch, are prepared by enzymatically, physically or chemically treating native starch to alter its properties. Starch derivatives are used in a number of industries for various functions. They are used as thickeners and stabilizers in the food and beverage industry, as a tablet binder in the pharmaceutical industry, as an emulsifier in cosmetics, and fiber additive in the animal feed. Some of the other…
Yeast Ingredients Market Outlook by 2021 : PMR
Yeasts are chemoorganotrophs, as they use organic compounds to source energy and do not require sunlight for growth or survival. Yeasts are usually unicellular; although some species may be multi-cellular. The size of yeast depends on the species. Yeasts usually measure 3 to 4 µm in diameter. However, certain yeasts reach up to 40 µm in diameter. Yeasts reproduce asexually through mitosis (a process, in which, the chromosomes in a…
Confectionery Market Outlook by 2021 : PMR
The confectionery market is one of the growing sectors globally . Usually, confections are low in nutrients and high in calorie. Sugar-free confections are gaining popularity in the recent years due to factors such as increasing obesity rate, increasing number of diabetic patients, increasing nutritional and health concerns, and changing lifestyle. The confectionery market can be primarily divided into two broad categories: sugar confectionery and bakers’ confectionery . Sugar confectionery…
Cereal Bars Market Outlook by 2021 : PMR
A cereal bar is made up of nuts, oats, sugar, dry fruits, flour, honey, wheat, corn, and puffed rice. Cereal bars have always been perceived as on-the-go breakfast snack items that are healthier alternatives of chocolate and other snacks. Cereal bars are high in fiber and protein and low in carbohydrates, vitamins, minerals, sodium, and antioxidants. They come in various flavors such as chocolate, peanut butter, banana, caramel, banana, honey,…
Functional Flours Market Share by 2026 : PMR
The natural flours used for specialty applications in the food industry and undergoes different treatment process to improve their properties are called functional flours. The various properties of functional flours include cold binding capacity, thermal binding capacity, machinability, dough hydration etc. The functional flours are classified as waxy, multi-benefit, instant and granulated type depending on its features. They undergo different physical and nutritional treatment to enhance its features. In dietary…
Global Ceilings Market Snapshot by 2020 : PMR
Ceiling is overhead interior portion within the room which covers the upper portion of the room. Main purpose of ceiling is to achieve the desired height of the roof in the room. Ceilings are frequently decorated with attractive paintings, mosaic tiles and other different designs. Major advantage of decorated ceiling is that it gets protected from damage by fingers and dust. There are certain ceilings which are fire resistance; dropping…
