Press release
North America Automotive Lead-Acid Battery Market Size Worth US$ 4.9 Billion By 2028 | CAGR of 2.6%
North America Automotive Lead-Acid Battery Market
What are automotive lead-acid battery?
The automotive lead-acid battery refers to a type of rechargeable battery that is commonly utilized in vehicles. Chemical interaction between lead and lead oxide immersed in an electrolyte solution, frequently produced of sulfuric acid and water, drives the operation of this battery. It is composed of multiple cells that are linked in series to create a higher-voltage battery suited for automotive applications. It is known for its ability to deliver high currents, making it ideal for starting the vehicle's engine. It is capable of providing the necessary surge of energy when the ignition is switched on, which is needed to crank the engine. Additionally, it also provides a consistent power source for the car's many electrical systems and accessories, such the lights, radio, and air conditioning.
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What are the growth prospects and trends in the North America automotive lead-acid battery industry?
The escalating demand for lead-acid batteries in the automotive industry majorly drives the market in North America. This can be supported by the widespread adoption of internal combustion engine vehicles, including passenger cars, commercial vehicles, and motorcycles. Along with this, the growing popularity of automotive lead-acid batteries as the go-to energy storage solution for vehicles due to their cost-effectiveness and reliability is significantly supporting the market. In addition, the advent of electric vehicles (EVs) and hybrid electric vehicles (HEVs) across the region is positively influencing the demand. Apart from this, governments and regulatory bodies are implementing emissions standards to encourage fuel efficiency improvements, contributing to the market. Furthermore, the integration of start-stop systems in vehicles is creating a positive market outlook.
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North America Automotive Lead-Acid Battery Market Segmentation:
Our report has categorized the market based on region, vehicle type, product, type and customer segment.
Key Regions Analysed:
• United States
• Canada
Breakup by Vehicle Type:
• Passenger Cars
• Commercial Vehicles
• Two Wheelers
• HEV Cars
Breakup by Product:
• SLI Batteries
• Micro Hybrid Batteries
Breakup by Type:
• Flooded Batteries
• Enhanced Flooded Batteries
• VRLA Batteries
Breakup by Customer Segment:
• OEM
• Replacement
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
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
About Us
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.
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