Lead Acid Battery Market Size, Trends, Shares, Revenue, Share Estimation, Challenges, Business Opportunities, Forecast 2022-2030 |  Exide Technologies, CSB Energy Technology, Yuasa, EnerSys, East Penn Manufacturing, Fiamm

Astute Analytica's recent report on the global Lead Acid Battery outlines various sections discussing the prospects of the market. The report contains a thorough analysis of the market, discussing trends, growth factors, challenges, innovations, and outperforming strategies. Based on primary and secondary research, this in-depth analysis includes both qualitative and quantitative studies.

The Global Lead Acid Battery Market is estimated to witness a rise in revenue from US$ 44.86 Bn in 2021 to US$ 77.88 Bn by 2030. The market is registering a CAGR of 6.53% during the forecast period 2022-2030.

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The global Lead Acid Battery is forecast to experience strong growth potential due to growing energy consumption across the world. It is majorly attributed to the rising population, increasing industrialization, and growing urbanization. Further, the growing range of data centers and other commercial buildings will also contribute to the growth of the market.

Lead-acid battery is the very first rechargeable battery ever made. They have a low energy density when compared to current rechargeable batteries. Despite this, the cells have a high power-to-weight ratio due to their capacity to supply strong surge currents. These characteristics, combined with their low cost, make them appealing for use in automobiles to supply the high current needed by starter motors. Moreover, lead acid is deployed in a wide array of industries including automotive, industrial, manufacturing, UPS, communications and utilities among others.

COVID-19 Impact Analysis

The global Lead Acid Battery experienced a sharp decline due to the COVID-19 outbreak. According to data from BP's Statistical Review of World Energy, Primary energy consumption dropped by nearly 4.5% in 2020, which is considered to be the largest decline since 1945.  The same source estimates that the US, India, and Russia witnessed the largest declines in energy consumption. However, China recorded a significant increase of nearly 2.1% in the energy demand. This thorough study by Astute Analytica covers all the factors impacting the market directly or indirectly. The report discusses the contribution of regions and companies in the form of investments and innovative strategies.

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Segmentation Overview 

Global Lead-Acid Battery Market is segmented based on type, application and region. The industry trends in the global lead-acid battery market are sub-divided into different categories in order to get a holistic view of the global marketplace. 

Following are the different segments of the global lead-acid battery market:

By Type segment of the Global Lead-Acid Battery Market is sub-segmented into:

VRLA Battery
Flooded Battery

By Application segment of the Global Lead-Acid Battery Market is sub-segmented into:

Automotive Starter
Motorcycles & Electric Bikes
Forklifts & other Vehicles
Communication Industry
UPS
Others

By Region segment of the Global Lead-Acid Battery Market is sub-segmented into:

North America
The U.S.
Canada
Mexico
Europe
The UK
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
Southeast Asia
South Korea
Rest of Asia Pacific
Middle East & Africa (MEA)
GCC
Egypt
South Africa
Israel
Turkey
Rest of MEA
Latin America
Argentina
Brazil
Rest of Latin America

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