Press release
Rapid Expansion in Lead-Acid Battery Market: USD 56.56 Billion Expected by 2030 with 5.0% CAGR
โ The lead-acid battery market was valued at USD 37.11 billion in 2021.
โ The market is expected to expand at a CAGR of 5.0% from 2022 to 2030.
โ The market is anticipated to grow to USD 56.56 billion by 2030.
๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
A lead-acid battery is a rechargeable battery that employs lead dioxide (PbO2) for the positive plate, sponge lead (Pb) for the negative plate, and sulfuric acid solution as the electrolyte. It is among the oldest and most frequently utilized battery types, mainly in automotive uses for starting, lighting, and ignition (SLI) systems. Lead-acid batteries are recognized for their dependability, affordability, and high discharge rates, yet they are bulkier and less efficient compared to newer battery technologies such as lithium-ion.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/global-lead-acid-battery-market/request-for-sample
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ ๐๐๐ญ๐จ๐ซ๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
Fast technological progress and innovations in lead-acid battery manufacturing facilities are driving the industry's growth throughout the forecast period. Moreover, the increasing need for e-bikes and electric vehicles, lower maintenance and repair expenses, and a decreased dependence on conventional fuel technologies are among the key factors acknowledged as motivators of the global lead-acid battery market.
๐๐๐ฒ ๐๐๐ซ๐ญ๐ข๐๐ข๐ฉ๐๐ง๐ญ๐ฌ:
Top companies in the worldwide market focus on strategic acquisitions to boost their research and development capabilities and secure a competitive advantage, enabling them to offer consumers innovative products. Some of the major players participating in the market:
โข B. B. Battery Camel Group Co. Ltd.
โข C&D Technologies Inc.
โข Chaowei Power Holdings Limited.
โข Clarios
โข Crown Battery Corporation
โข East Penn Manufacturing Co.
โข Enersys
โข Exide Industries Ltd.
โข Furukawa Electric Co. Ltd.
โข GS Yuasa Corporation
โข Leoch International Technology Ltd.
โข Narada Power Source Co. Ltd.
โข Shandong Sacred Sun Power Sources Co. Ltd.
โข Yokohama Batteries Sdn. Bhd
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐: https://www.polarismarketresearch.com/industry-analysis/global-lead-acid-battery-market/inquire-before-buying
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
Regional analysis provides an examination of the key variables, including social, physical, and economic, in a regional context. It helps companies understand the needs and wants of their customers in target markets. Thus, stakeholders can make informed decisions about their products or service offerings. Also, regional analysis assists businesses in identifying regions with high growth potential and where they should focus their efforts. Furthermore, it can help stakeholders understand local conditions to analyze policy related to global change.
The key regions and sub-regions of the Lead-Acid Battery Market covered in the research report are:
โข North America (U.S., Canada)
โข Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
โข Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
โข Latin America (Brazil, Mexico, Argentina)
โข Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
The lead-acid battery market is mainly segmented based on product, construction, end-use, sales channel, and region. Based on construction analysis, the VRLA segment is anticipated to be the most significant revenue contributor in the global market. VRLA batteries are more advanced, have an extended lifespan, and deliver exceptional performance. They are significantly more economical than nickel-cadmium lead-acid battery packs and lithium-ion, and they are expected to be the preferred lead-acid battery for end-users.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐: https://www.polarismarketresearch.com/industry-analysis/global-lead-acid-battery-market
๐๐จ๐ฉ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐จ๐ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Antimicrobial Packaging Market: https://www.openpr.com/news/3812323/antimicrobial-packaging-market-hits-milestone-projected
Photovoltaic Materials Market: https://www.openpr.com/news/3820375/global-demand-drives-photovoltaic-materials-market-to-usd-59-22
Coating Additives Market: https://www.openpr.com/news/3820386/future-outlook-coating-additives-market-to-hit-usd-11-86
Aerogel Market: https://www.openpr.com/news/3821759/global-aerogel-market-to-skyrocket-14-9-cagr-expected-to-reach
Bio-Based Polymers Market: https://www.openpr.com/news/3821776/bio-based-polymers-market-to-experience-18-6-cagr-reaching
๐๐จ๐ง๐ญ๐๐๐ญ:
Likhil G
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๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavour to deliver value-added business solutions to PMR's customers.
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