Lead Acid Battery Market Size, Historical Growth, Analysis, Opportunities and Forecast To 2024
Category: #reports  By Partha Ray  Date: 2019-01-15
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Lead Acid Battery Market Size, Historical Growth, Analysis, Opportunities and Forecast To 2024

The rising demand for lead in vehicle batteries and the increasing requirement of cost-efficient power supply in critical applications is certain to catalyze lead acid battery market, forecast to accumulate significant returns over the ensuing years. Recently, Exide Industries Ltd, one of the largest producers of a range of lead acid batteries in India, announced the development of advanced technology bipolar batteries. Exide has inked a technical license deal with Advanced Battery Concepts, LLC, USA to acquire knowledge in the technology of lead acid storage batteries. Despite the advent of lithium ion batteries, lead acid battery market has a renewed scope of expansion owing to research and development activities conducted by notable battery industry players. Research by experts also points out that lead acid batteries can be made to be sustainable with innovation design and technology.

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MarketStudyReport.com Adds New Lead Acid Battery Market 2018 – 2024 research report providing information and By Application, By Construction, By Sales Channel, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 550 Pages with table and figures in it.

Lead Acid Battery Market Research Report for the period of 2018-2024 that shows the growth of the market is rising at a Steady CAGR to 2024.

Lead Acid Battery Market is set to exceed USD 75 Billion by 2024. Growing demand for backup power units driven by ongoing investments toward expansion of IT sector will drive the lead acid battery market. Increasing capital expenditure toward the expansion of data service industry along with growing capacity to handle projected data explosion will propel the industry landscape. As per CBRE in 2017, investments toward datacenter industry in the U.S. reached a record high of over USD 20 billion.

The U.S. lead acid market will witness robust growth on account of growing demand for reliable backup power across critical operations including safety appliances and communications. Furthermore, the expanding datacenter infrastructure and critical data storage will accelerate the product deployment. For instance, Apple, in January 2018, announced to invest a sum of USD 10 billion in next five years toward the enhancement of its U.S. datacenter capex.

In 2017, Europe lead acid battery market surpassed annual shipments of 90 million units. Ongoing investments across renewable and green power generation and material handling equipment will drive industry growth. Lead storage batteries has served to attain the European Union’s target to limit greenhouse emissions through its applications across renewable integration to the grid, start-stop functions in hybrid vehicles and regenerative braking.

China lead acid market is anticipated to grow over 5% by 2024. The business growth is primarily attributed to the adoption of energy storage expansion policies and large domestic e-bike market. For instance, the government of China under its 2016-2020 Five Year Plan, promotes the adoption of distributed generation facilities, which will boost the product demand across the country. As per China Energy Storage Alliance, in 2016 lead-based batteries constituted over 69% of new installations across distributed generation and microgrid applications.

SLI Lead acid market will witness strong growth on account of growing automobile sales across developing economies, driven by their strong economic growth and increased purchasing power. Growing adoption of advanced lead storage batteries across micro hybrid vehicles in order to minimize the emissions will further enhance the industry outlook. For instance, in 2017 as per the Battery Council International, lead storage batteries were being used in over 99% of the cars across Europe.

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VRLA battery market is set to witness growth on account of the product?s high-power performance and technical superiority across various application segments. Additionally, the increasing need for enhanced performance energy storage solutions for regenerative braking applications and start-stop vehicles will boost the product adoption. Minimal maintenance and safe handling ability will further enhance the product deployment across the industry.

Eminent players operating across lead acid battery market include Mutlu, Fengfan, Hoppecke Batteries, Amara Raja, Leoch International Technologies, NorthStar Battery Company, Middle East Battery Company, Enersys, Furukawa Battery, East Penn Manufacturing, Johnson Controls amongst others.

Table of Content:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Lead Acid Battery Industry Insights

Chapter 4. Lead Acid Battery Market, By Application

Chapter 5. Lead Acid Battery Market, By Construction

Chapter 6. Lead Acid Battery Market, By Sales Channel

Chapter 7. Lead Acid Battery Market, By Region

Chapter 8. Company Profiles

Outer Scope of this Report: Lead acid battery market has lately undergone a slight unpopularity of sorts on account of the product’s negative environmental impact. However, experts at the International Lead Association have recently arrived at a consensus while studying the life cycle of lead acid batteries, including factors such as extraction, recycling, transportation and the use of energy of lead acid batteries. The life cycle assessment showed that proper recycling of lead acid batteries can lead to a significant reduction in their environmental impact. In the U.S., 2.4 million tons of batteries were kept out of landfills by means of recycling. Considering that 93% of a lead acid battery can be recycled without any loss to quality, the lead acid battery industry is expected to register significant growth trends in spite of insurgence of alternatives.

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Related Report:

2018-2023 United States Stationary Lead Acid Battery Market Report (Status and Outlook)

In 2017, the Stationary Lead Acid Battery market size was xx million USD in United States, and it will be xx million USD in 2023, with a CAGR of xx% between 2017 and 2023.

https://www.marketstudyreport.com/reports/2018-2023-united-states-stationary-lead-acid-battery-market-report-status-and-outlook/?utm_source=RR-AN

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About Author

Partha Ray

Email: partha.r@news.marketsizeforecasters.com   

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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