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Automotive Lead Acid Batteries Market Report 2023-2032: Global Trends, Industry Insights, Production Analysis And Top Major Players | Syngenta Group, KWS SAAT SE & Co KGaA, Bayer AG, Benson Hill Biosystems Inc., BioConsortia Inc
Automotive Lead Acid Batteries Market
The Business Research Company's Automotive Lead Acid Batteries Global Market Report 2023 identifies rise in demand for electric vehicles as the major driver for the Automotive Lead Acid Batteries Market's growth in the forecast period. Climate warming and aspirations to achieve net-zero emissions are driving the global shift to emissions-free motoring. The development of EV charging stations, hydrogen fueling stations, and government intervention towards the adoption and implementation encourages the use of electric vehicles. These factors increases the demand for automobile lead-acid batteries, offering high power, inexpensive, safe, and reliable drive.
The global automotive lead acid batteries market size is expected to grow from $34.38 billion in 2022 to $36.16 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive lead acid batteries market size is expected to grow to $42.98 billion in 2027 at a CAGR of 4.4%.
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Major competitors in the automotive lead acid batteries market are GS Yuasa International Limited, Johnson Controls Inc., Exide Industries Limited, EnerSys Inc., Panasonic Corporation, CSB Battery Company Limited, East Penn Manufacturing Company, Leoch International Technology Limited, NorthStar Battery Company LLC, Clarios LLC, Koyo Battery Company Limited, FIAMM SpA, Reem Batteries &
A key trend in the Automotive Lead Acid Batteries Market includes technological advancement. Major companies operating in the automotive lead-acid batteries market are focused on providing advanced battery solutions to strengthen their market position. For instance, In June 2020, Amara Raja Batteries Limited, an India-based automotive battery manufacturer, and Gridtential Energy, a US-based company that develops energy storage technology services, teamed up to develop silicon joule bipolar technology, which is based on advanced lead batteries with silicon at their core. This innovative battery is a low-cost, high-performance, patented energy storage solution with improved power density, longer cycle life, dynamic charge acceptance, and a more comprehensive temperature range.
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The Automotive Lead Acid Batteries Market is segmented -
By Type: Flooded Batteries, Enhanced Flooded Batteries, VRLA Batteries
By Product: SLI Batteries, Micro Hybrid Batteries
By Sales Channel: Automotive Lead Acid Battery Sales via OEMs, Automotive Lead Acid Battery Sales via Aftermarket
By End User: Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles, Two-Wheeler, Three-Wheeler
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Lead Acid Batteries Market.
The Business Research Company's "Global Automotive Lead Acid Batteries Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Lead Acid Batteries Market Include:
1. Executive Summary
2. Automotive Lead Acid Batteries Market Characteristics
3. Automotive Lead Acid Batteries Market Trends And Strategies
4. Automotive Lead Acid Batteries Market - Macro Economic Scenario
5. Automotive Lead Acid Batteries Market Size And Growth
……
26. Africa Automotive Lead Acid Batteries Market
27. Automotive Lead Acid Batteries Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Lead Acid Batteries Market
29. Automotive Lead Acid Batteries Market Future Outlook and Potential Analysis
30. Appendix
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