Lead Acid Battery Market Size to hit US$ 41.5 Billion, by 2028 - Report by IMARC Group
The global lead acid battery market size reached US$ 33 Billion in 2022. Lead acid batteries are rechargeable batteries that use sponge lead and lead peroxide to convert chemical energy into electrical energy. They comprise negative electrodes attached to a grid of metallic lead and positive electrodes of lead oxides of various compositions. They also contain doping agents, such as selenium, cadmium, and arsenic, to lower the concentrations of impurities. They are maintained by applying a saturated charge for some hours to retain the lead acid properly. They are easy to manufacture, capable of high discharge rates, and highly reliable. They provide stable power backup to electronic devices and are cost-efficient and easily available. Lead acid batteries can efficiently function in both high and low temperatures by retaining their charge. They provide starting, lighting, and ignition (SLI) power sources to electric vehicles (EVs), motorcycles, and micro-hybrid cars. They are also used to offer continuous power supply in golf carts and wheelchairs. Lead acid batteries assist in providing power backups to cellular repeater towers, internet hubs, and various marine vessels. As lead acid batteries are highly durable, they are widely utilized in hospitality, healthcare, data center, telecommunications, oil and gas, mining, chemical, pharmaceutical, and food and beverage (F&B) industries.
Request Free Sample Report: https://www.imarcgroup.com/lead-acid-battery-market/requestsample
The growing adoption of enhanced connectivity systems to increase functionality, reliability, and safety of devices, along with the burgeoning telecommunications industry, represents one of the key factors driving the market. Besides this, there is a rise in the utilization of battery-operated cars and electric bikes worldwide as they are durable, energy-efficient, and eco-friendly. This, coupled with the rising environmental awareness among the masses, is propelling the growth of the market. In addition, the increasing demand for lead acid batteries in railways for lighting and air-conditioning the coaches is contributing to the growth of the market. Apart from this, the growing number of data centers to overcome data complexities, along with the increasing need for uninterruptible power supply (UPS) systems in data centers around the world, is offering a favorable market outlook. Additionally, the rising demand for lead acid batteries for running diesel-electric and nuclear submarines and marine vessels is positively influencing the market. Furthermore, key market players are extensively investing in research and development (R&D) activities to introduce enhanced quality lead acid batteries with increased charging capacity. They are also focusing on mergers and acquisitions (M&A) to build new production plants and boost their product sales, which is expected to bolster the growth of the market. Looking forward, IMARC Group expects the market to reach US$ 41.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/lead-acid-battery-market
List of Key Companies Covered in this Market Report:
C&D Technologies Inc.
Clarios International Inc.
East Penn Manufacturing Co.
EnerSys (NYSE: ENS)
Exide Industries Limited (NSE: EXIDEIND)
GS Yuasa Corporation (TYO: 6674)
HBL Power Systems Limited
HOPPECKE Batterien GmbH & Co. KG
Leoch International Technology Limited
Panasonic Holdings Corporation
Teledyne Technologies Incorporated
The report has segmented the market on the basis of product, construction method, sales channel, application and geography.
Breakup by Product:
Breakup by Construction Method:
Valve Regulated Sealed Lead-acid Battery (VRLA)
Breakup by Sales Channel:
Breakup by Application:
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Related Reports By IMARC Group
Hydraulic Cylinder Market: https://www.imarcgroup.com/hydraulic-cylinder-market
Small Scale Lng Market: https://www.imarcgroup.com/small-scale-lng-market
Power Metering Market: https://www.imarcgroup.com/power-metering-market
Waste Heat Recovery Boiler Market: https://www.imarcgroup.com/waste-heat-recovery-boiler-market
Drill Collar Market: https://www.imarcgroup.com/drill-collar-market
Electrostatic Precipitator Market: https://www.imarcgroup.com/electrostatic-precipitator-market
Water Desalination Equipment Market: https://www.imarcgroup.com/water-desalination-equipment-market
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
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 Lead Acid Battery Market Size to hit US$ 41.5 Billion, by 2028 - Report by IMARC Group here
News-ID: 2862752 • Views: 455
More Releases from IMARC Group
Bridge Construction Market To Reach US$ 1,243.7 Million by 2028 | Growth Rate (C …
According to the latest report by IMARC Group, titled "Bridge Construction Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global bridge construction market size reached US$ 921.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,243.7 Million by 2028, exhibiting a growth rate (CAGR) of 4.89% during 2023-2028. Bridge construction is building a structure that spans a physical obstacle, such as
Smart Office Market To Reach US$ 83.2 Billion by 2028 | Growth Rate (CAGR) of 13 …
According to the latest report by IMARC Group, titled "Smart Office Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global smart office market size reached US$ 39.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 83.2 Billion by 2028, exhibiting a growth rate (CAGR) of 13% during 2023-2028. A smart office is a workplace that employs technology to optimize the use
Synthetic Lubricants Market Size, Sales Estimation, Top Leading Players and Busi …
According to IMARC Group latest report titled "Synthetic Lubricants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on synthetic lubricants market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global synthetic lubricants market reached a value of US$13.7 Billion in 2021. Looking forward, IMARC Group expects the market to
Tractor Market 2023-2028, Global Size, Share, Demand, Leading Players and Indust …
According to IMARC Group's latest report, titled "Tractor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global tractor market is expected to exhibit a growth rate (CAGR) of 4.3% during 2023-2028. A tractor represents a specifically engineered vehicle designed to provide high torque at a slow speed. It comprises wheels, an engine, cooling, transmission, fuel, electrical and operator systems as standard components. Compared to regular trucks,
More Releases for Lead
Digital Services for Lead Generation | Local Lead Generation Websites | Lead Gen …
Lead Generation consists of attracting and renovating target audiences that have shown interest in your product or services. The objective is to guide prospects through the purchaser’s journey to the end of the sales funnel. Content is one of the leading tools B2B marketers utilize to create leads. This may comprise of social media posts, blog posts, coupons and live events. You utilize the forms to capture leads that employ
Digital Services for Lead Generation, Local Lead Generation Websites
Businesses these days are reliant on lead generation to advertise their service before the consumers to get more business and endure in bullish market. The Lead generation service is an unceasing effort to attract and change the target audience’s mind towards the business offering. It is an act of completely compelling the consumer to purchase the business services. It will boost brand image and outcome in good sales for the
Digital Services for Lead Generation, Lead Generation Platforms: Ken Research
The Lead generation is the practice of gaining fresh leads for your business. It is cultivating the interest of a person in your product or service so much that they distribute you with their contact specifics. It is the start of the technique which leads to a prospective customer turning into a purchaser. And then perchance buying from your business. Your business should then be nurturing such leads that you
Digital Services for Lead Generation | Lead Generation Platforms: Ken Research
There are several channels and marketing tools for the digital marketers to utilize to get customers to notice their brand. If your business functions appropriate when in direct communication with the customers over the phone, the lead generation marketing can provide a number of benefits. The lead generation marketing is about motivating the interest of customers in a product or service and capturing that interest by obtaining those customers to
Local Lead Generation Websites | Best Companies for Online Lead Generation | Lea …
The Lead Generation is a foremost marketing procedure that comprise finding people who would be interested in purchasing your product and/or services. It comprises collecting contact details of the interested impending buyers/consumers in exchange for something that is of worth to them - for e.g educational, collateral, research content or a free trial of a product. This is a foremost activity to build a sales pipeline. The Lead Generation is
lead generation company | Best Lead Generation Company in India | Online Lead Ge …
Lead Generation: The Lead generation firms supply your corporate with the hot leads you necessary to acquire fresh clients, while releasing up your time to spend on other responsibilities, like product improvement or quality declaration. Contrariwise, you could double down on fresh leads, hammering up business in tandem with leads delivered by the generation firms. The Business enlargement is openly correlated with finding fresh clients and making them happy, and