Press release
Lead Acid Battery Market Segment, Business Insights, Revenue Growth, Forecast By 2030
Lead Acid Battery Market
The Lead Acid Battery Market is driven by rapid technological progress with a healthy CAGR of ~8.20% during the forecast period of 2022 to 2030.
A lead cell is composed of three fundamental components: cathode, anode, and electrolyte. The anode is the negative terminal, the cathode is the positive terminal, and the electrolyte joins both terminals to drive an electromotive force that generates electricity.
A lead-acid battery is made up of a sponge metallic lead anode, a lead-dioxide cathode, and a sulphuric acid solution electrolyte. It is the first battery used for commercial purposes. It contains dangerous lead but is recyclable.
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Key Players
East Penn Manufacturing Co.
Exide Technologies
Johnson Controls
ATLASBX Co. Ltd.
NorthStar
C&D Technologies, Inc.
Narada Power Source Co., Ltd.
Amara Raja Corporation GS Yuasa Corp
Crown Battery Manufacturing
Leoch International Technology Ltd., among others
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Market Segmentation
The Global Lead Acid Battery market has been segmented into Product, Construction Method, and End-User.
Based on Product, the market has been segmented into Motive, Stationary, and SLI.
Based on Construction Method, the market has been segmented into Flooded, Valve-regulated Lead-acid or VRLA.
Based on End-User, the market has been segmented into Industrial, Commercial, Telecommunication, Oil and gas, Stationary, Residential, and Automotive.
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Regional Analysis
The Asia Pacific region accounts for the largest proportion of the global market. Because of promising government regulations that encourage increased investment from various public-private partnerships, the emerging economies of various developing countries such as South Korea, India, and China, as well as increased foreign direct investment, are expected to fuel the expansion of the Lead Acid Battery Market Size.
The European area is expected to expand significantly in Market Size due to the increasing number of onshore and offshore renewable energy sectors in Italy, the United Kingdom, Germany, and Sweden. Furthermore, according to the Lead Acid Battery Market Expert, growing disposable income and population increase in this particular region.
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