Lead Acid Battery Market Share, Global Trends, Key Players Analysis, Growth Factors, Industry Opportunities, Development Status and Outlook 2023

Market Research Future published a research report on “Lead Acid Battery Market Research Report - Global Forecast To 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Pune, India - October 4, 2018 /MarketersMedia/ —

Lead Acid Battery Market Global Market- Overview

Globally, the lead acid battery is expected to have a significant growth over the forecast period. This is due to increasing demand for stationary lead acid battery in renewable energy generation power station. However, the lead acid battery market has been categorized based on construction, and product type. Surging rise for flooded batteries in marine applications associated with high effective power output is presumed to increase the demand over the forecast period. Further, the marine industry is expanding its reach in North America and Europe region. The expansion is due to increase in number of commercial sector which includes, trade, coast guard securities, and other leisure activities. Additionally, increase in number of memorandum of understanding (MoUs) between advanced economies such as U.S., Germany and emerging economies such as India, to boost automotive market is considered as one of the growing factors for the lead acid battery market. On the flip side, high lead content in the product is expected to hamper the environment which is presumed to be a restraining for the market growth.

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Latest Industry News

• TLASBX Co. LTD, one of the leading battery manufacturers in South Korea is going to set up its first manufacturing facility in the USA. This facility will be set up in Clarksville, Tennessee. TLASBX Co. LTD will invest $75 million and create approximately 200 jobs in Montgomery County.
• East Penn Manufacturing Co. has announced the opening of a new battery manufacturing and distribution plant in Oelwein, Iowa. This business expansion is set to bring 350 new jobs to northeastern Iowa. Iowa Economic Development Authority had approved this expansion in 2015 with the aid of $3.1 million in state tax credits and $1.75 million in direct financial assistance.

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 Global Market - Segmentation

• Segmentation by Product Type: stationary, motive, and (Starting, Lighting, and Ignition) SLI
• Segmentation by Construction comprises VRLA (valve-regulated lead-acid), Sealed, and flooded.
• Segmentation by End-user: Industrial, Residential, Commercial, Automotive, Telecommunication, Transportation, Oil & Gas, Electronics, and Others.
• Segmentation by Applications: Automotive, UPS, Telecommunication, Electric bikes, Transport vehicles, and Others.
• Segmentation by Region: North America, Europe, Asia Pacific, and the Rest of the World.

Regional Analysis:

Regional segmentation of global lead-acid battery market covers Asia Pacific, Europe, North America and rest of the world (RoW). The largest market share of the lead-acid market comes from Asia Pacific region where China, India, Japan and South Korea rule the roost regarding revenue with rest of Asia Pacific serving as a sizable but profitable market for lead-acid batteries. Developing economy, high population and demand for low-cost batteries (and vehicles) have created a market for lead-acid battery in Asia Pacific region. During the forecast period, Europe market is expected to show substantial growth due to increasing number of onshore as well as offshore renewable energy industry Germany, Italy, Sweden, and the United Kingdom (UK). The North American market for a lead-acid battery comprises of United States of America (USA), Canada and Mexico. Compared to the Asia Pacific and Europe, the market for lead-acid batteries is not due to some debate regarding their efficiency but due to strict laws regarding environmental concerns.

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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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