Rising demand for critical and cost-effective power supply for critical power applications and Uninterrupted Power Supply for Industrial use will drive the market upwards.
The Global Lead Acid Battery Market is expected to reach USD 95.32 Billion by 2026, according to a new report by Reports and Data. It is a rechargeable battery which can convert chemical energy into electrical energy. Rising demand for UPS systems and electric vehicles is fueling the market. Moreover, significant rise in demand from sectors such as automotive, healthcare, power, and telecom industries in developing nations is encouraging the growth of the market. Lead batteries have lower prices as compared to its competitors. Hence they are more commonly used and preferred.
Market Size – USD 61.74 Billion in 2018, Market Growth – CAGR of 5.4%, Market Trends – Rapid Industrialization in developing nations.
APAC is expected to hold the largest market share, throughout the forecast period, owing to the large investments made in automotive, manufacturing, and healthcare, oil and gas, etc. Two wheelers are the major users of SLI (starting, lighting, ignition). Thus expansion of automobile sector has expanded the lead acid battery market. With low internet prices in recent years, India has the largest telecommunication market. With the rise in telecommunications and the internet, lead-acid battery is also forecasted to grow exponentially.
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The Lead Acid Battery market report begins with basic definitions, product descriptions, competitive landscape, market players, market segmentation, and regional bifurcation of the Lead Acid Battery market. The report further talks about the market scenario with regard to market drivers, restraints, opportunities, and growth prospects. The report also talks about the market segmentation and offers insights into the segment showing promising growth over the forecast period.
Top Leaders Operating in the Market are :
- Johnson Controls,
- Exide Technologies,
- GS Yuasa Corp,
- ATLASBX Co. Ltd.,
- East Penn Manufacturing Co.,
- Crown Battery Manufacturing,
- C&D Technologies, Inc.,
- Narada Power Source Co. Ltd.,
- Amara Raja Batteries Ltd.,
- Leoch International Technology Ltd.
Lead Acid Battery Market Segmentation:
Based on Product Type:
Based on Application:
- Control & Switchgear
- Grid Storage
- Fork Lifts
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The report talks about the key competitors with regard to their market size, product portfolio, manufacturing and production capacity, profit margins, revenue generation, regional spread, and research and development activities. The report also discusses in detail the mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, corporate deals, and licensing agreements, and more. The report provides a comprehensive overview of the competitive landscape and regional spread.
The regional analysis offers a complete overview of the regional spread of the market along with production and consumption patterns, import/export, supply and demand dynamics, revenue contribution, trends and demands, and presence of prominent players in each region.
Regional Analysis Covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Questions Answered by the Report:
- What are the key market trends influencing the growth of the Lead Acid Battery market?
- Who are the prominent players of the Lead Acid Battery market?
- What is the impact of the COVID-19 pandemic on the Lead Acid Battery market?
- What are the key growth driving and restraining of the Lead Acid Battery market?
- What are the strengths and weaknesses of the prominent players of the Lead Acid Battery market?
- What are the key outcomes of the SWOT analysis and Porter’s Five Forces analysis?
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