Research Reports
Lead Acid Battery Market 2021 Development Status, Competition Analysis, Type and Application 2031
Published by mark itwired
Posted on August 6, 2021
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Published by mark itwired
Posted on August 6, 2021
The global lead acid battery market is
set for positive growth through 2030, expanding at a CAGR of 5.4% and
surpassing a value pool of US$ 111.6 Bn by 2030-end. These findings are
the results of Future Market Insights’ recently published research
report on the subject.
Presently, lead acid batteries find extensive usage as the primal
energy source across the transportation, industrial, residential,
commercial, grid storage and automotive sectors. Ranking high on the
sustainability index, adoption of lead acid batteries is acquiring
traction as it consumes thrice the lesser amount of energy per kilo watt
hour, making them technically superior to lithium-ion batteries.
The electronic vehicle revolution has provided fertile ground for the
proliferation of lead acid batteries as these vehicles extensively
utilize them to power their systems. According to an estimate, the
ignition procedure in electric vehicles is expected to eliminate at
least over 4 million tons of greenhouse gas emissions annually. The
aftermarket prospects also appear bright for lead acid battery OEMs as
frequent battery servicing and replacement need to be conducted.
Absorbed Glass Mat (AGM) lead batteries are quickly capturing
significant ground in the global lead acid batteries market. Their
effectiveness in containing spills and reduced degradability makes them
an ideal choice amongst potential end-users. Moreover, these batteries
are shock resistant, charge five times faster than their flooded
counterparts and have a compact structure which reduces the need for
overall maintenance.
Download a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-54
The COVID-19 pandemic has dented near-term growth prospects as a
result of the onset of a global economic recession. Cessation of
business activities across key end-use industries such as manufacturing
and automotives has reduced demand for lead acid batteries as an
assembly component. These business suspensions are attributed to
government calls for maintaining social distancing through the
imposition of nationwide lockdowns. However, with these restrictions
being lifted in certain countries, growth trajectory is gradually
returning to its normal pace, reinforcing the pre-determined forecasts.
“A shift towards renewable energy sources such as solar power
systems are laying bare potential opportunities for the expansion of
lead acid battery markets in both emerging as well as mature markets.
Therefore, there is a spike in the number of collaborations between
manufacturers, grid-operators and renewable energy developers, resulting
in the formulation of extensive distribution channels which is
providing traction to the market,” infers an FMI analyst.
Key Takeaways from FMI’s Lead Acid Battery Market Research Report
Lead Acid Battery Market- Key Trends
Lead Acid Battery Market- Region-wise Analysis
Our advisory services are aimed at helping you with specific,
customized insights that are relevant to your specific challenges. Let
us know about your challenges and our trusted advisors will connect with
you: https://www.futuremarketinsights.com/customization-available/rep-gb-54
Lead Acid Battery Market- Competitive Landscape
The global lead acid battery market is fragmented in nature. A
combination of established players as well as new entrants is shaping
the revenue pool of the market. In order to consolidate their position,
players are concentrating on innovations to provide technologically
enhanced and affordable batteries in their product portfolio.
For instance, Exide has been manufacturing its E-Ride Tubular Plus
lead batteries which are specifically designed and developed for
e-rickshaws. The battery’s unique design results in enhancing
performance and reduces operating costs to a significant extent. The
battery has an enhanced rechargeable rate due to a novel negative paste
formulation embedded within the battery.
Likewise, Hitachi Chemical Company produces a range of hybrid and
VRLA batteries for a host of end-use applications, ranging from
industrial to renewable energy production. The company has also
established innovation centers to discuss potential strategies with its
end-use customers.
Lead Acid Battery Market Taxonomy
Type
Application
Region/Country
North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
The global lead acid battery market is
set for positive growth through 2030, expanding at a CAGR of 5.4% and
surpassing a value pool of US$ 111.6 Bn by 2030-end. These findings are
the results of Future Market Insights’ recently published research
report on the subject.
Presently, lead acid batteries find extensive usage as the primal
energy source across the transportation, industrial, residential,
commercial, grid storage and automotive sectors. Ranking high on the
sustainability index, adoption of lead acid batteries is acquiring
traction as it consumes thrice the lesser amount of energy per kilo watt
hour, making them technically superior to lithium-ion batteries.
The electronic vehicle revolution has provided fertile ground for the
proliferation of lead acid batteries as these vehicles extensively
utilize them to power their systems. According to an estimate, the
ignition procedure in electric vehicles is expected to eliminate at
least over 4 million tons of greenhouse gas emissions annually. The
aftermarket prospects also appear bright for lead acid battery OEMs as
frequent battery servicing and replacement need to be conducted.
Absorbed Glass Mat (AGM) lead batteries are quickly capturing
significant ground in the global lead acid batteries market. Their
effectiveness in containing spills and reduced degradability makes them
an ideal choice amongst potential end-users. Moreover, these batteries
are shock resistant, charge five times faster than their flooded
counterparts and have a compact structure which reduces the need for
overall maintenance.
Download a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-54
The COVID-19 pandemic has dented near-term growth prospects as a
result of the onset of a global economic recession. Cessation of
business activities across key end-use industries such as manufacturing
and automotives has reduced demand for lead acid batteries as an
assembly component. These business suspensions are attributed to
government calls for maintaining social distancing through the
imposition of nationwide lockdowns. However, with these restrictions
being lifted in certain countries, growth trajectory is gradually
returning to its normal pace, reinforcing the pre-determined forecasts.
“A shift towards renewable energy sources such as solar power
systems are laying bare potential opportunities for the expansion of
lead acid battery markets in both emerging as well as mature markets.
Therefore, there is a spike in the number of collaborations between
manufacturers, grid-operators and renewable energy developers, resulting
in the formulation of extensive distribution channels which is
providing traction to the market,” infers an FMI analyst.
Key Takeaways from FMI’s Lead Acid Battery Market Research Report
Lead Acid Battery Market- Key Trends
Lead Acid Battery Market- Region-wise Analysis
Our advisory services are aimed at helping you with specific,
customized insights that are relevant to your specific challenges. Let
us know about your challenges and our trusted advisors will connect with
you: https://www.futuremarketinsights.com/customization-available/rep-gb-54
Lead Acid Battery Market- Competitive Landscape
The global lead acid battery market is fragmented in nature. A
combination of established players as well as new entrants is shaping
the revenue pool of the market. In order to consolidate their position,
players are concentrating on innovations to provide technologically
enhanced and affordable batteries in their product portfolio.
For instance, Exide has been manufacturing its E-Ride Tubular Plus
lead batteries which are specifically designed and developed for
e-rickshaws. The battery’s unique design results in enhancing
performance and reduces operating costs to a significant extent. The
battery has an enhanced rechargeable rate due to a novel negative paste
formulation embedded within the battery.
Likewise, Hitachi Chemical Company produces a range of hybrid and
VRLA batteries for a host of end-use applications, ranging from
industrial to renewable energy production. The company has also
established innovation centers to discuss potential strategies with its
end-use customers.
Lead Acid Battery Market Taxonomy
Type
Application
Region/Country
North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Website: https://www.futuremarketinsights.com