Lead Acid Battery Market – Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028, Segmented By Product (Stationary, Motive, and Start Light & Ignition Batteries (SLI)), By Construction Method (Flooded and Valve Regulated Led Acid (VRLA) Batteries), By Sales Channel (Original Equipment Market (OEM) & Aftermarket), By Applications (Transportation, Industrial Motive, Stationary Ind
Published on: 2024-12-05 | No of Pages : 320 | Industry : Power
Publisher : MIR | Format : PDF&Excel
Lead Acid Battery Market – Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028, Segmented By Product (Stationary, Motive, and Start Light & Ignition Batteries (SLI)), By Construction Method (Flooded and Valve Regulated Led Acid (VRLA) Batteries), By Sales Channel (Original Equipment Market (OEM) & Aftermarket), By Applications (Transportation, Industrial Motive, Stationary Ind
Global
Rising demand propelling the Global Lead Acid Battery Market growth during the forecast period
Lead-acid battery systems are used in UPS. These lead-acid batteries meet the backup power needs of various industries. This is very important for data centers in the event of power outages or inconsistencies. Equinix, a data center company headquartered in the United States, has announced his 15th International Business Exchange (IBX) data center in Tokyo, Japan. The company made an initial investment of USD115 million in the new data center. Rise in data center installations is expected to drive the advanced lead-acid battery market in the future.
Rising economic structures in countries have increased the demand for automobiles, which in turn boost production levels and increased demand for batteries, including lead-acid batteries. In addition, on-demand mobility, the introduction of ultra-batteries into the energy storage segment, and the development of advanced energy storage modules for the automotive industry are key factors driving vehicle production and lead-acid battery consumption.
Lead-acid batteries are widely used in automotive applications such as forklifts, golf carts, and industrial cleaners. High usage of lead-acid batteries in forklifts is likely to drive the market due to low cost, reliability and established supply chain. Lead-acid batteries are widely used in automobiles as they provide high power to start the engine. The excellent safety, quality and recycling process of these batteries are expected to further expand the market during the forecast period.
Latest Market Trends fueling the Global Lead Acid Battery Market growth during the forecast period
In 2022, USA's
In 2022, Amara Raja Batteries Ltd (ARBL) has announced plans to expand its lead-acid business outside India with various options for geographic expansion. As part of the expansion, the company is primarily focused on expanding its lead-acid business in Africa, the Middle East, and Southeast Asia.
Market Segmentation
The
Market players
The main market players in the Global Lead Acid Battery Market are
Attribute |
Details |
Base Year |
2022 |
Historic Data |
2018–
2020 |
Estimated Year |
2023 |
Forecast Period |
2024
– 2028 |
Quantitative Units |
Revenue in USD Million and CAGR for 2017-2021 and 2022-2027 |
Report coverage |
Revenue
forecast, company share, growth factors, and trends |
Segments Covered |
Product Construction Method Sales Channel Applications |
Regional scope |
North
America; Asia-Pacific; Europe; South America; Middle East & Africa |
Country scope |
United States; Canada; Mexico; China; Indian; Japan; South
Korea; Australia; Germany; United Kingdom; France; Italy; Spain; Brazil; Argentina;
Colombia; Saudi Arabia; South Africa; UAE |
Key companies profiled |
Exide
Industries Ltd., Panasonic Corporation, Leoch International Technology
Limited, Enersys Ltd, East Penn Manufacturing Co., GS Yuasa Corporation, C&D
Technologies, Inc., Johnson Controls International PLC, Hitachi Chemical
Company, Ltd., HBL Power Systems Ltd. |
Customization scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request) |