Press release
Global Lead Acid Battery Market is Anticipated to Grow US$ 58 Billion in 2020 : Persistence Market Research
Lead Acid Battery Market, Lead Acid Battery
For more information please visit this link @ http://www.persistencemarketresearch.com/market-research/lead-acid-battery-market.asp
The global lead acid battery market is currently growing at a steady pace and PMR indicates promising growth prospects for this market, over a five-year forecast period 2015-2020. The global lead acid battery market is expected to surpass US$ 58 Bn in 2020, up from US$ 48.8 Bn observed in 2015. The market will see a moderate CAGR of 4.6% over the forecast period.
Market Dynamics
In addition to electric cars and battery banks for power grid, rising demand for battery-operated motorcycles will continue to sustain the market for lead acid battery. Burgeoning industrialization and urbanization will continue to raise a decent demand for uninterrupted power supply, eventually fueling the market for lead acid battery globally. With increasing awareness about environmentally-friendly, fuel-efficient vehicles, the adoption of battery-operated vehicles such as passenger cars and heavy transportation vehicles, is consistently on the rise since the past few years. This is a strong factor expected to foster the growth of lead acid battery market.
With increasing usage of electric and hybrid vehicles, there has been an improved deployment of vehicle battery charging infrastructure. Moreover, rising implementation of smart grid projects, increased installation rate of renewable energy systems, and enhanced telecom tower span are anticipated to remain the key factors accelerating the global lead acid battery market. A growing trend of using smart battery as a highly efficient power management system will further push the market growth. In addition, burgeoning consumption by consumer electronics manufacturers will drastically contribute to the growth of lead acid battery market.
Lower energy density and a few other technical limitations may however hamper the adoption of lead acid battery. Weight of the battery is another factor identified to be a barrier to widespread adoption. Volatile lead prices are foreseen to be another challenge to battery manufacturers. Environmental impact regulations regarding lead emission levels are also anticipated to hold a negatively influence on the market over the next few years.
Segment Analysis
Based on application, transportation and stationary industrial segments are identified to be prominent in terms of consumption of lead acid battery. In 2014, these two segments collectively accounted for nearly 78% market share. While transportation segment is likely to maintain dominance despite a slight decline over 2015-2020, stationary industrial segment is projected for the fastest CAGR of 8.6%. Grid storage segment is also estimated to see impressive growth during 2015-2020.
Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/12934
Regional Analysis
Geographically, the global lead acid battery market is segmented into five key regions viz. North America, Latin America, Western Europe, Asia Pacific, and Middle East and Africa. Asia Pacific, registered a major revenue share of over US$ 19.0 Bn in 2015 with almost 34% market share. APAC is expected to surpass a value of US$ 24 Bn by 2020 end. Europe and North America will continue to be major markets; Europe is predicted to register the highest CAGR of 5.5% during the forecast period.
To Buy Full Report for a Single User @ http://www.persistencemarketresearch.com/checkout/12934
Key Players Analysis
The global lead acid battery market is operated by a number of key players, including Exide Technologies, Enersys, GS Yuasa Corporation, Johnson Controls Inc., and East Penn Manufacturing. Johnson Controls Inc. operates in tandem with regional governments in order to evaluate the energy-efficient strategy.
About Us
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web: www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Lead Acid Battery Market is Anticipated to Grow US$ 58 Billion in 2020 : Persistence Market Research here
News-ID: 459795 • Views: …
More Releases from Persistence Market Research Pvt. Ltd
Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Mar …
Stroke Rehabilitation Market Size
The global stroke rehabilitation market size was valued at US$ 266.4 million in 2021 and is expected to grow at a CAGR of 9% from 2022 to 2032. Revenue generated from the sales of stroke rehabilitation solutions will surge to US$ 679.6 Million by the end of 2032.
The growth of the market is being driven by the increasing incidence of strokes, the growing demand for innovative rehabilitation…
Launch of New Laser-Based Devices by Key Players Fueling Growth of Global Aesthe …
Market Study on Aesthetic Lasers
The aesthetic lasers market reached US$2.8 billion in global revenue in 2021, and it will continue to expand quickly, with a value CAGR of 6.4%, to reach US$5.5 billion by the end of 2032. The growth of the market is being driven by the increasing demand for minimally invasive cosmetic procedures, rising disposable income, technological advancements, and growing medical tourism.
Stay Ahead with Market Intelligence Get Free…
Predictive Insights for Precision Medicine: The Global Biosimulation Market is S …
Biosimulation Market Research
The Global Biosimulation Market Size was valued at USD 2.9 billion in 2022 and is expected to reach USD 10.0 billion by 2030, registering a CAGR of 16.9% during the forecast period. The growth of the biosimulation market is being driven by the increasing use of biosimulation in a variety of applications, such as drug discovery, clinical trials, and toxicity prediction.
Market Overview
The biosimulation market has experienced rapid growth…
Wheelchair and Components Market: Growing Demand for Lightweight and Smart Wheel …
Wheelchair and Components Market
The global wheelchair and components market is projected to reach USD 17.9 billion by 2033, at a CAGR of 3.7% from 2022-2033. The growth of the market is driven by the increasing prevalence of disabilities, the rising geriatric population, and technological advancements in wheelchair design and manufacturing.
Click Here to Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/12961
The global wheelchair and components market has witnessed significant growth in…
More Releases for Lead
Lead Fluorides as Currency: Exploring the Global Lead Fluoride Market
Los Angeles, United States - In this comprehensive research study, we delve into the intricate details of the global Lead Fluoride market, providing a thorough analysis of its critical aspects. The report illuminates the anticipated growth of the global Lead Fluoride market during the forecast period, supported by SWOT analysis and Porter's Five Forces analysis. This illumination includes an in-depth exploration of the market's strengths, weaknesses, and the various players…
Digital Services for Lead Generation | Local Lead Generation Websites | Lead Gen …
Lead Generation consists of attracting and renovating target audiences that have shown interest in your product or services. The objective is to guide prospects through the purchaser’s journey to the end of the sales funnel. Content is one of the leading tools B2B marketers utilize to create leads. This may comprise of social media posts, blog posts, coupons and live events. You utilize the forms to capture leads that employ…
Digital Services for Lead Generation, Local Lead Generation Websites
Businesses these days are reliant on lead generation to advertise their service before the consumers to get more business and endure in bullish market. The Lead generation service is an unceasing effort to attract and change the target audience’s mind towards the business offering. It is an act of completely compelling the consumer to purchase the business services. It will boost brand image and outcome in good sales for the…
Digital Services for Lead Generation, Lead Generation Platforms: Ken Research
The Lead generation is the practice of gaining fresh leads for your business. It is cultivating the interest of a person in your product or service so much that they distribute you with their contact specifics. It is the start of the technique which leads to a prospective customer turning into a purchaser. And then perchance buying from your business. Your business should then be nurturing such leads that you…
Global Lead Acid Batteries Market | Global Lead Acid Batteries Industry | Lead A …
Lead acid battery refers to the oldest type of rechargeable battery with its use spanning across various industries. It has the advantage of supplying the high surge current, as the cells have great power to weight ratio. High power to weight ratio & low cost makes these batteries attractive for its use in the automotive sector. These batteries comprises of plates, cell, container, separators, and battery terminals. It is extensively…
Local Lead Generation Websites | Best Companies for Online Lead Generation | Lea …
The Lead Generation is a foremost marketing procedure that comprise finding people who would be interested in purchasing your product and/or services. It comprises collecting contact details of the interested impending buyers/consumers in exchange for something that is of worth to them - for e.g educational, collateral, research content or a free trial of a product. This is a foremost activity to build a sales pipeline. The Lead Generation is…
