Press release
Automotive Lead Acid Battery Market Size, Forecast, 2021-2030 Key Players and Competitive Landscape Research Report
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).๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ - https://www.alliedmarketresearch.com/request-toc-and-sample/14241
๐๐จ๐ฉ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :-
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.
๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐ฅ๐ข๐ญ๐ก๐ข๐ฎ๐ฆ-๐ข๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ข๐๐ฌ
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.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง - https://www.alliedmarketresearch.com/request-for-customization/14241
๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
โฆGovernment 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.
๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐ฏ๐๐ก๐ข๐๐ฅ๐๐ฌ
โคThe 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.
โคFor 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.
๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ
โขWhich are the leading market players active in the automotive lead-acid battery market?
โขWhat would be the detailed impact of COVID-19 on the market?
โขWhat current trends would influence the market in the next few years?
โขWhat are the driving factors, restraints, and opportunities in the automotive lead-acid battery market?
โขWhat are the projections for the future that would help in taking further strategic steps?
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ - https://www.alliedmarketresearch.com/purchase-enquiry/14241
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