Press release
Lead Acid Battery Market Size to Record a CAGR of 4.6% by 2020
Introduction and rapid acceptance of smart battery will continue to fuel the growth of the market for lead acid battery. The global market for lead acid battery registered the revenues of around US$ 46.8 Bn in 2015, which are likely to climb up by 2016 end. Applications in the transportation industry are expected to attract the highest sales revenues, whereas APAC will remain the largest market registering the maximum consumption of the lead acid battery.
Browse Complete Report @ http://www.persistencemarketresearch.com/market-research/lead-acid-battery-market.asp
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 sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/12934
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.
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.
Request to view table of content @ http://www.persistencemarketresearch.com/market-research/lead-acid-battery-market/toc
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.
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%.
Global Market Study on Lead Acid Battery is available for US$4,900 http://www.persistencemarketresearch.com/checkout/12934
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Lead Acid Battery Market Size to Record a CAGR of 4.6% by 2020 here
News-ID: 666019 • Views: …
More Releases from Persistence Market Research Pvt. Ltd
Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Mar …
Stroke Rehabilitation Market Size
The global stroke rehabilitation market size was valued at US$ 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 CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
