PUBLISHER: Value Market Research | PRODUCT CODE: 1361707
PUBLISHER: Value Market Research | PRODUCT CODE: 1361707
The global demand for Lead Acid Battery Market is presumed to reach the market size of nearly USD 70.54 MN by 2030 from USD 39.85 MN in 2022 with a CAGR of 7.4% under the study period 2023 - 2030.
A lead acid battery refers to a secondary cell that is rechargeable. Its applications are generally used for cars and trucks. The batteries are made up of plates of lead and lead(IV) oxide in a sulfuric acid solution, wherein lead(IV) oxide oxidizes the lead plate, thereby producing an electric current. Lead-acid batteries are of different types counting valve-regulated maintenance-free vented designs lead-acid batteries. They are found in numerous applications such as small-scale power storage, starting, lighting, and ignition power sources for automobiles, UPS systems and large, grid-scale power systems. These types of batteries are widely deployed due to their low cost and relatively long-term life. Lead batteries are important as they ensure efficient working in warehouses and are known to provide reliable backup for power in critical infrastructures like telecommunications hubs, hospitals and data centres.
The batteries' long lifetime and low cost in comparison to other available substitutes is the biggest market driver in the market. Further, the fact that they can also be recycled and involve low maintenance and replacement costs might also bring a boost to the market. Additionally, the increasing demand for e-bikes and vehicles and the need to reduce reliance on conventional fuel technologies could collectively increase the demand for lead acid batteries. On the downside, however, they have only moderate efficiency, low energy density and high maintenance requirements. Also, stringent regulations on lead emission and a rise in demand for lithium-ion batteries could restrain the growth of the lead acid battery market. Even so, growing demand for the product from the telecommunication sector is considered a new market opportunity.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of lead acid battery. The growth and trends of lead acid battery industry provide a holistic approach to this study.
This section of the lead acid battery market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Lead Acid Battery market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the lead acid battery market include East Penn Manufacturing Co., Exide Technologies, Johnson Controls, ATLASBX Co. Ltd., NorthStar, C&D Technologies Inc., Narada Power Source Co. Ltd., Amara Raja Corporation, GS Yuasa Corp, Crown Battery Manufacturing, Leoch International Technology Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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