Lead Acid Battery Market to Reach US$58,552 Million by 2020
By application type, the global lead acid battery market is segmented as transportation, stationary industrial, motive industrial, stationary industrial, commercial, residential and grid storage. Transportation and stationary industrial collectively contributed to around 77.9% of market revenue in 2014. Transportation was the largest end-use application in the global lead acid battery market in 2014, and is anticipated to continue its dominance through 2020. Stationary industrial is the second largest contributor to the global lead acid battery market, and is expected to register the fastest CAGR of 8.6% during the forecast period.
Lead Acid Battery Market Report Overview@ https://www.futuremarketinsights.com/reports/global-lead-acid-battery-market
Lead acid batteries are predominantly used in passenger cars, commercial vehicles and two wheelers. In addition to that, demand for lead acid battery has also surged due to the increasing adoption of UPS, owing to urbanization and industrialization. Adoption of grid storage technology in developing countries such as India and China is expected to fuel the global lead acid battery market. In addition to that, an increase in the demand for electric vehicles is expected to further accelerate the expansion of the lead acid battery market globally.
Moreover, key challenges in the lead acid battery market are raw material price volatility, and emission standards. Lead is the essential raw material used in the manufacturing of lead acid batteries. Lead prices account for approximately 49% of the overall cost of the lead acid batteries. Any fluctuations in lead prices affect the overall profitability of lead acid battery manufacturers.
A Sample Report is Available Upon@ https://www.futuremarketinsights.com/reports/sample/rep-gb-54
The U.S. Environmental Protection Agency (EPA) has published new lead emissions standards under the National Ambient Air Quality Standards (NAAQS) in November 2008. The new standards curb lead emissions by restricting off-site concentration standards for lead in air from 1.5 mg per cubic meter to 0.15 mg per cubic meter. These factors are inhibiting the growth of the lead acid battery market.
Region-wise, Asia Pacific is the largest contributor in the global market, and is expected to continue its dominance till 2020. Currently, the Asia Pacific lead acid battery market is valued at US$ 15,297 Mn and is expected to reach US$ 19,881 Mn. by 2020. North America and Western Europe are other major markets contributing 21.6% and 18.7% respectively, to the global lead acid battery revenue. Eastern Europe accounted for the lowest contribution in terms of revenue in 2014, but is expected to register the highest growth at a CAGR of 5.5% over the forecast period.
The degree of competition in the global lead acid battery market has been analyzed in the report, which also presents the comparative view of the key strategies and financial outlook of major companies operating in global lead acid battery market. These include Johnson Controls INC, Exide Technologies, GS Yuasa Corporation and EnerSys.
Get More Information About this Report@ https://www.futuremarketinsights.com/askus/rep-gb-54
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.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
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 to Reach US$58,552 Million by 2020 here
News-ID: 707310 • Views: 122
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