Press release
Lead Acid Battery Market 2018 by Global Leaders: Johnson Controls, ATLASBX, Exide Technologies, East Penn Manufacturing, NorthStar, GS Yuasa, Narada Power Source, Leoch International Technology
Market Scenario:
The lead-acid battery can be defined as the secondary cell (rechargeable), which is primarily used in cars and trucks. It is most widely used in the power stations and substations because it has higher cell voltage and lower cost.
Technology giants such as Johnson Controls (U.S), ATLASBX Co. Ltd. (South Korea), Exide Technologies (U.S.), and East Penn Manufacturing Co. (U.S.). Johnson Controls is the leading global supplier of private label and branded lead-acid batteries for cars, light trucks, and utility vehicles to aftermarket battery retailers. VARTA is the battery brand under Johnson Controls and has been a top-choice premium car battery in Europe. The company has become a benchmark for quality, expertise and precision technology. It’s now becoming a global brand, with strong growth in China, Asia, and South America. LTH is the most recognized battery brand under Johnson Controls and has a large presence in Mexico and Central America, where it’s been sold for more than 80 years. It is primarily used in automotive, commercial, taxi, motorcycle, marine, and golf cars to solar lawn and garden applications, LTH batteries offer the most advanced technology and service solutions.
The major factors driving the growth of the lead Acid Battery Market is the development of the commercial vehicle, passenger car and motorcycle industry, application of lead-acid batteries in energy storage application are expected to drive the market. Huge demand for UPS in industrial sectors such as oil & gas, manufacturing, chemical, and healthcare is boosting the market growth.
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Other factors such as execution of smart grid projects, the emergence of vehicle charging infrastructure, increasing usage of hybrid and electric vehicles, increase in adoption of renewable energy systems and increasing distance of telecom towers are some of the significant factors boosting the market growth.
The low cost associated with the manufacturing of the battery and long-lasting performance is expected to drive the market. However, high lead content in the product can harm the environment, which is expected to hinder market growth. Other features such as the low energy density of these products are anticipated to restrict growth. The emergence of alternatives such as lithium-ion battery in automobiles industry is likely to act as a substitute and challenge the market growth.
The global lead-acid battery market is expected to grow at a CAGR of approximately 8% during the forecast period 2018-2023.
Key Players
Some of the prominent players in the global lead acid battery market: Johnson Controls (U.S), ATLASBX Co. Ltd. (South Korea), Exide Technologies (U.S.), East Penn Manufacturing Co. (U.S.), NorthStar (Sweden), Crown Battery Manufacturing (U.S.), C&D Technologies, Inc. (U.S.), GS Yuasa Corp (Japan), Narada Power Source Co., Ltd. (China) and Leoch International Technology Ltd. (China) and others.
Lead Acid Battery Market Segmentation:
By the end-user segment, the electronics industry consists of UPS which is expected to gain a significant growth owing to an increasing requirement for uninterrupted power supply in residential, commercial, and industrial sectors. Asia Pacific industry for UPS is expected to rise significantly on account of the rapid development of data centers and IT industries in the region.
Market Research Analysis:
North America is estimated to account for the largest share of the market, whereas the Asia-Pacific market is projected to grow at the fastest rate during the forecast period. The North American market is witnessing rapid growth due to technological advancements and increasing demand for application performance management platforms across different industry verticals in this region. The U.S. holds the majority of the market share both in terms of revenue as well as the adoption of advanced solutions.
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Intended Audience
• Technology Investors
• Research/Consultancy firms
• Technology Solution Providers
• Original Equipment Manufacturers
• Automotive manufacturers
• Chemical Solution Providers
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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