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Automotive Lead Acid Battery Market Size, Forecast, 2021-2030 Key Players and Competitive Landscape Research Report

03-24-2023 02:16 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

A lead-acid battery is made up of lead and lead oxide plates, immersed in a sulphuric acid solution. It transforms chemical energy into electrical power during the discharge cycle. These batteries have significant use in automobiles for starting, lighting, and ignition (SLI) purposes. It also supplies voltage to vehicle accessories such as air conditioners, radio, music players, wipers, and charging plugs. Different types of lead-acid batteries are used in automobiles. For example, flooded lead-acid batteries contain free electrolytes to move around the battery encasement, upon charging the acid and lead plates react to electricity. The flooded lead-acid battery is cheaper than VRLA batteries in terms of value and ideal for traction, starter, lighting, and ignition (SLI).

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ - https://www.alliedmarketresearch.com/request-toc-and-sample/14241

๐“๐จ๐ฉ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ :-
Johnson Controls,
Exide Technologies,
GS Yuasa International Ltd,
Reem Batteries & Power Appliances Co. SAOC,
C&D TECHNOLOGIES,
Robert Bosch GmbH,
EnerSys Inc,
Samsung SDI Company Limited,
Trojan Battery Company,
NorthStar Battery Company LLC.

๐ƒ๐ž๐ฆ๐š๐ง๐ ๐Ÿ๐จ๐ซ ๐ฅ๐ข๐ญ๐ก๐ข๐ฎ๐ฆ-๐ข๐จ๐ง ๐›๐š๐ญ๐ญ๐ž๐ซ๐ข๐ž๐ฌ
Lithium-ion batteries are expected to witness substantial growth in the coming future, owing to the growing demand for the storage of electricity in electric vehicles. These batteries are lightweight and compact, which makes them the strongest contenders in the battery energy storage market. Moreover, lithium-ion batteries use non-aqueous electrolytes that offer high operating voltages compared to lead-acid batteries and sodium-sulfur batteries, which use aqueous electrolytes. Thus, it is expected to hamper the growth of the automotive lead-acid battery market.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง - https://www.alliedmarketresearch.com/request-for-customization/14241

๐‚๐Ž๐•๐ˆ๐ƒ-๐Ÿ๐Ÿ— ๐ˆ๐ฆ๐ฉ๐š๐œ๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ
โžฆGovernment across major countries have announced lockdown and business shutdown due to the COVID-19. All the manufacturing of automobiles has been halted due to the lockdown which affected the demand for the automotive lead-acid battery. Moreover, the unavailability of raw materials is further disrupted the manufacturing of batteries. Furthermore, social distancing norms, other restrictions, unavailability of labor for battery production and supply impacted the market. The sale of electric vehicles has increased than the previous year which is expected to drive the automotive lead-acid battery in the post-pandemic phase during the pandemic. The automotive lead-acid battery market is an evolving sector due to the rise in demand for automobiles.

๐ƒ๐ž๐ฆ๐š๐ง๐ ๐Ÿ๐จ๐ซ ๐ž๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐ฏ๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ
โžคThe advancement of alternative fuel vehicles has increased the demand for battery-operated and hybrid vehicles. In addition, to reduce crude oil consumption, automotive emissions, and air pollution, government authorities across the globe have adopted and implemented favorable policies, which promote the use of electric vehicles.

โžคFor instance, Mahindra & Mahindra announced in 2021 that they are planning to invest $ 402 million in electric vehicles in the next 3 years and has set a goal to put 500,000 electric vehicles on Indian roads by 2025. Thus, all these new development in the electric vehicles sector act as an opportunity for the growth of the automotive lead-acid battery market.

๐๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐€๐ง๐ฌ๐ฐ๐ž๐ซ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ
โ€ขWhich are the leading market players active in the automotive lead-acid battery market?
โ€ขWhat would be the detailed impact of COVID-19 on the market?
โ€ขWhat current trends would influence the market in the next few years?
โ€ขWhat are the driving factors, restraints, and opportunities in the automotive lead-acid battery market?
โ€ขWhat are the projections for the future that would help in taking further strategic steps?

๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐„๐ง๐ช๐ฎ๐ข๐ซ๐ฒ - https://www.alliedmarketresearch.com/purchase-enquiry/14241

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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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