Lead Acid Battery Market Poised to Hit US$ 31,708.4 Million by 2020: Asia Pacific, Latin America, Japan, MEA Key Regions
Target Regions lead acid battery market is projected to reach US$ 31,708.4 Million by 2020 at an estimated CAGR of 4.6% during the forecast period. Lead acid battery is one among the oldest known commercial battery known to the industry. It utilises lead electrodes and sulphuric acid as electrolyte to store electrical energy. Unique selling propositions of lead acid battery include reliability, relatively low maintenance cost than other batteries, low charging time and durability. Automotive industry is one among the largest end user of lead acid battery across the globe. Some of the technical limitations such as low energy density and weight of the battery offer little resistance towards growth of this market.
Request Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-430
On the basis of applications the market is segmented as transportation, stationary industrial, motive industrial, commercial, residential and grid storage. Transportation and stationary industrial segments collectively contributed to about around 82.4% of market revenues in 2014. Stationary industrial application segment is identified as one of the fastest growing market during the forecast period with CAGR of 8.5%. Though, grid storage as of 2013 accounts for miniscule share in the market, it is projected to grow at a healthy CAGR of 7.2% during the forecast period.
In of 2014, Asia Pacific dominated the market and accounted for around 63.2% of the target regions market, followed by Latin America and Japan. In 2014, Asia Pacific lead acid battery market was valued at US$ 15,297 Million, which is projected to reach US$ 19,880.9 Million by 2020. In 2014, Latin America and Japan were the other major contributors to the target regions market; the contribution from these regions was 14.4% and 14.1% respectively. Though, Middle East & Africa accounted for miniscule share in the target regions market, it is expected to register a CAGR of 4.9% during the forecast period.
Drivers and Trends
Lead acid batteries are one of the predominantly used batteries in automobiles such as passenger cars, commercial cars and motorcycles. The rapid urbanization and industrialization trend in various developing countries across the globe is one among the chief drivers of lead acid battery market. Increasing requirement of uninterrupted power supply in industries, corporate offices, hospitals, research institutions, educational institutes and houses further add to demand of these batteries. Implementation of smart grid projects, deployment of vehicle charging infrastructure, increasing usage of hybrid and electric vehicles, increasing installation of renewable energy systems and increasing span of telecom towers are some of the underlying demand drivers for lead acid battery across the globe.
Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-430
Lead is an essential raw material used in the manufacturing of lead acid batteries. The lead prices account for approximately 49% of the overall cost of the lead acid batteries produced. Any fluctuations in the lead prices affect the overall profitability of lead acid battery manufacturers.
The report profiles the key strategies and financial outlook of Johnson Controls INC, Exide Technologies, GS Yuasa Corporation, Yokohama Industries and Enersys. The market is highly fragmented with the existence of small players along with the big players. In coming years, due to high production of automotive and need of reliable power APAC is expected to continue its dominance in the target regions lead acid battery market.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release Lead Acid Battery Market Poised to Hit US$ 31,708.4 Million by 2020: Asia Pacific, Latin America, Japan, MEA Key Regions here
News-ID: 494752 • Views: 227
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Lead
Lead to Account Matching for Lead Routing
February 14, 2018, 5:00 am PST SANTA CLARA, Calif. SANTA CLARA, Calif. - Organizations and enterprises are continuously evolving and looking for ways to improve lead routing. Salesforce Lead router has never been functional enough to fulfill complex lead assignment requirements. Vyakar has created an incredibly sophisticated and intuitive lead management software, as a result salesforce lead routing can be configured in few easy steps for faster and better results. With lead to
Lead Capture Phone Answering Service
Upclose & Virtual, a Virtual Assistant Service provider in Australia, provides a useful service to their small business clients - the company answers incoming phone calls from present and potential customers and manages all of the business's management jobs so owners can concentrate on growing and develop their companies. Upclose & Virtual's small business clients which are usually working in customer-facing conditions and cannot always be achieved at a brick-and-mortar office.
Global Lead Mining to 2020
ReportsWeb.com published “Lead Mining Market” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Publisher’s new report, "Global Lead Mining to 2020", provides global lead reserves by country, by major operating mines and grade; historic and forecast data on global lead mine production, lead metal consumption and price. The
EU Tightens Restrictions on Lead in Toys
The European Union (EU) has tightened restrictions on lead migration for all three of the toy material categories by a factor of approximately seven. These toy material categories are: 1. Category I - Dry, brittle, powder-like or pliable, e.g.: a. Chalk, compressed paint tablets, crayons, plaster of Paris, magic sand, modelling compounds and plasticine b. Oven hardened PVC modelling compounds and bouncing putties 2. Category II - Liquid or sticky toy, e.g.: a. Bubble solutions, finger paints, liquid
Global Lead glass Market 2017
Global Lead glass Market Report 2017 presents a professional and deep analysis on the present state of Lead glass Market 2017. In the first part, Lead glass Market study deals with the comprehensive overview of the Lead glass market, which consists of definitions, a wide range of applications, classifications and a complete Lead glass industry chain structure. The global Lead glass market analysis further consists of competitive landscape of Lead glass
Lead Galaxy To Operate Homesgofast.com
Lead generation giant Lead Galaxy has taken over the operation of property search site, Homesgofast.com, in a deal set to create one of the largest international property website platforms in the world. Lead Galaxy - which has taken over day-to-day operations from Marr International - plans to maximize the number and quality of leads generated via Homesgofast.com by redeveloping the site and enhancing the advertiser packages on offer. Lead Galaxy focuses on