A recent market intelligence report that is published by Data Insights Partner on the global Lead Acid Battery Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Lead Acid Battery Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Lead Acid Battery Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Lead Acid Battery Market is offered. In accordance with the report, the global Lead Acid Battery Market is projected to expand at a CAGR of 2.24 % over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
Lead Acid Batteries are batteries that uses sponge lead and lead peroxide for the conversion of chemical energy into electrical power. It consists of a container, plate, separators, battery terminals and active materials like dilute sulfuric acid, lead peroxide, and sponge lead.
Lead Acid Batteries are used in automobiles as it delivers powerful start to the engine. Also, forklift, industrial cleaners and golf carts use lead acid battery due to its low cost, well designed supply chain of the product and high reliability, thereby increasing its demand in automotive industries. Lead acid batteries are also convenient to use, cheap and work for many battery-operated applications. Due to its large current and surge capability, it is used to start internal combustion engines. The process of manufacturing lead acid battery is less cumbersome and uses very low technological equipment. All these factors lead to the growth of global Lead Acid Battery market in the forecast period. The high self-discharge function of lead acid battery is relatively good. Lead acid battery can be stored without recharging for a period of 12 months. This may also be considered as one of the major drivers for the global lead acid battery market. Lead acid batteries is the innovative matured technology that has high tolerance to overcharging and abuse making it ideal for many applications, thereby increasing its demand in various industries like food & beverage, metals & mining, construction etc. Considerable demand for UPS in various sectors, such as banking, oil and gas, healthcare etc. is leading the growth of lead acid battery market.
There has been a considerable rise in the manufacturing of electric vehicles that use Lithium Ion technology for better performance, environmentally acceptable etc., and is replaced by internal combustion engine, which is the major restraint for the global Lead Acid Battery market. A typical lifespan of a lead acid battery is limited. It fails after a few years, typically after 300 to 500 cycles. Also, lead acid batteries are not suitable for fast charging. This are the main factors that hamper the growth of global Lead Acid Battery market. Also, lead is not environmentally friendly which further leads to reduction of demand for Lead acid battery globally.
With the growth of UPS market in the country China, Asia Pacific holds the largest share in the global Lead Acid Battery market. Many manufacturers are now spending a large amount of their earnings on the research and development to develop their product offerings. A new technology “Advanced Lead-Carbon (ALC)” adds carbon to the negative plate (cathode), which in turns improves the charge and discharge performance of the battery, higher energy efficiencies and a longer lifetime.
With the recent pandemic Covid-19, the world economy has received an enormous blow. However, for lead acid battery market, the medium to long term picture appears to be positive, predicting strong growth in the future. The demand for replacement batteries will be deferred due to people staying at home and not driving, but not destroyed.
This market intelligence report on the global Lead Acid Battery Market encompasses market segments based on product type, construction, technology, application and country/regions.
In terms of product, the global Lead Acid Battery Market is segregated into :
- SLI (Starting, Lightning & Ignition)
- Stationary Batteries
- Energy Storage Systems
- Portable Batteries
- Consumer Electronics
- Stand By
By construction, the global Lead Acid Battery Market is also classified into :
- VRLA (Valve Regulated Lead-Acid)
By technology, the global Lead Acid Battery Market is also classified into :
- Basic Lead Acid Battery
- Advanced Lead Acid Battery
By application, the global Lead Acid Battery Market is also classified into :
- Non-Electric Vehicles
- Electric Vehicles
- Transport Vehicles
- Motor Cycles
- Motive Power
- Oil & Gas
- Uninterrupted Power Supply (UPS)
- Electric Bikes
- Renewable Power
- Transport Vehicle
By country/region, the global Lead Acid Battery Market has been divided into :
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
- This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- Fujian Quanzhou Dahua Battery Co. Ltd
- B B Battery Co Ltd.
- Yokohomo Industries
- Hitachi Chemical Energy Technology
- C&D Technologies Inc.
- Amara Raja Corporation
- Panasonic Corporation
- GS Yuasa Corporation
- EnerSys Limited
- Leoch International Technology Limited
- Exide Industries Ltd
- Johnson Controls International Plc
- FIAMM Energy Technology
- Crown Battery Manufacturing
- AC Delco Corporation
- First National Battery Corporation
- East Penn Manufacturing Co. and many more
Others players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Lead Acid Batteryrelated investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
- This study offers comprehensive yet detailed analysis of the Lead Acid BatteryMarket, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
- It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
- This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
- Profiling of key market players in the world Lead Acid BatteryMarket is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
- Leading market players covered this report comprise names such as Fujian Quanzhou Dahua Battery, B B Battery Co. Ltd, Yokohoma Industries, Hitachi Chemical Energy Technology, C&D Technologies Ltd, Amara Raja Corporation, Panasonic Corporation, GS Yuasa Corporation, EnerSys, East Penn Manufacturing Co., Leoch International Technology Limited, Exide Industries, Johnson Controls International Plc, FIAMM Energy Technology, Crown Battery Manufacturing Co. AC Delco Corporation, First National Battery Corporation and many more.
- The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
- The world market for Lead Acid BatteryMarket caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Lead Acid BatteryMarket. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
- Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
- Reports have been made based on the guidelines as mandated by General Data Protection Regulation
- Ample number of examples and case studies have been taken into consideration before coming to a conclusion
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