Press release
Lead Acid Battery Market Value to Increase to US$ 58 Billion in 2020 : Persistence Market Research
Lead Acid Battery Market
Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/12934
Rising demand for electric or battery-operated vehicles is generating a discernible level of demand for battery on a global level, especially in developed regions. Consumption of lead acid batteries by manufacturers of two-wheelers, passenger cars, heavy transportation vehicles, and commercial carriers is anticipated to sustain the demand for lead acid battery on a global level. Exploding industrialization and urbanization in developing countries have been fuelling the need for UPS as a reliable source of uninterrupted power, which is foreseen to remain a key factor pushing the battery market growth. Expansion of consumer electronics market is further boosting lead acid battery consumption.
A growing trend of consumer preference for extended battery life will further add to the smart battery market. Developing markets in China, India, and other emerging economies are rapidly adopting grid storage technology since the past decade. This will be another major driver escalating the market growth. Technological advancements in vehicle technology, such as the hybrid vehicle, battery-operated vehicle, or electric vehicle, will be some more strong factors bolstering the market growth. Innovations such as smart battery have been trending in the market since the recent past, which is expected to accelerate the market growth.
Lead Acid Battery Market:
However, highly volatile raw material prices and evolving lead emission standards may hamper the market growth. Moreover, relatively higher battery weight and lower energy density will remain longstanding challenges to widespread adoption.
On the basis of application, the global market for a lead acid battery is classified into seven key segments viz. transportation, stationary industrial, motive industrial, stationary industrial, commercial, residential, and grid storage. Transportation has been a major segment, expected to remain dominant over 2015-2020, accounting for the maximum revenues through to 2020. The stationary industrial segment, which is the second largest segment, will account for over 18% share of the total market revenues. This segment is expected to register significant growth at a CAGR of 8.6% during 2015-2020. Grid storage although the smallest segment is foreseen to witness robust growth during this period. This growth is primarily attributed to growing adoption of lead battery in developing economies for grid storage application.
Request to view Table of Content @ http://www.persistencemarketresearch.com/market-research/lead-acid-battery-market/toc
By region, the global market for a lead acid battery is segmented into five key regions. APAC is predicted to remain a major revenue shareholder, possibly exceed a value of US$ 24.0 Bn in 2020. Europe is expected to register a market share of around 24% by 2020 end, with over 24% market share. Europe will, however, expand at a higher CAGR compared to APAC.
To Buy Full Report for a Single User @ http://www.persistencemarketresearch.com/checkout/12934
Exide Technologies, Johnson Controls Inc., EnerSys, and GS Yuasa Corporation are a few of the key players operating in the global lead acid battery market.
Long-term Outlook: By 2020 end, the global lead acid battery market is likely to hit a value worth US$ 58.55 Bn. The estimated CAGR over 2014-2020 is 4.6%.
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, PMRs 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 Lead Acid Battery Market Value to Increase to US$ 58 Billion in 2020 : Persistence Market Research here
News-ID: 565335 • Views: …
More Releases from Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
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…
