San Francisco, 29 January, Lead Acid
Battery Market Size & Trend Analysis By Product (SLI, Stationary, Motive),
By Construction Method (Flooded, VRLA), By Application (Automotive, UPS,
Telecommunication, Electric Bikes, Transport Vehicles), By Region, And Segment
Forecasts, 2018 - 2025
The global lead acid battery market is expected to reach USD
84.46 billion by 2025, according to a new report by Grand View Research, Inc.
Expansion of the automotive industry in China, India, Brazil, Mexico, South
Africa, Indonesia, and Germany is anticipated to drive industry growth.
Furthermore, increasing utilization of energy storage systems and UPS in
industries including mining, oil & gas, nuclear power, electricity
generation, gas turbine, construction, hospitality, banking, manufacturing, and
off-grid renewable is anticipated to drive lead acid battery demand over the
forecast period.
Electric bikes are expected to
witness growth at a CAGR of 6% from 2016 to 2025 owing to zero carbon emission
and low-cost mobility. Increasing prices of gasoline and diesel fuels are
expected to attract more consumers towards using these environment-friendly
e-bikes. Furthermore, rising population and traffic congestion are expected to
fuel the demand for e-bikes, which, in turn, is likely to boost industry growth
over the upcoming years.
Access Full Research
Report On Lead Acid Battery Market Analysis:
Further key findings from the report suggest:
·
Motive power accounted for
24.1% of market share in 2015. These batteries are used in industrial
applications including forklifts, golf carts, railroads, and mining vehicles.
Increasing requirement for transport vehicles and forklifts mainly in India and
China on account of rapid industrialization is expected to propel demand.
·
Telecom sector was the second
largest application industry and is projected to grow at a CAGR of 5% from 2016
to 2025. The need for efficient management of wireless connections coupled with
continuous maintenance of security levels is anticipated to stimulate the
demand for lead acid batteries in the telecom industry.
·
Europe accounted for 24.7% of
the global market share in 2015 and is expected to foresee substantial growth
over the next nine years. Widespread production of automobiles in countries
including Germany, Italy, Sweden, UK, and the Czech Republic along with the
presence of major automotive manufacturers, such as Audi, BMW, Mercedes-Benz,
Jaguar, Volkswagen, Volvo, and Fiat, in the region is expected to aid in
industry expansion.
·
Asia Pacific is projected to
witness remarkable growth in light of increasing need for energy storage
systems. Rising demand for renewable energy along with favorable support from
the government for the development of solar and wind energy is anticipated to
drive the usage of energy storage systems. The abovementioned factor is expected
to influence product demand over the upcoming years positively, and the market
is estimated to be worth USD 39.42 billion by 2025.
·
The industry is competitive in
nature with major manufacturers including EnerSys, Johnson Controls, GS YUASA,
Exide Technologies, East Penn, and ATLASBX Co., Ltd. dominating the global
market. In October 2015, Crown Equipment Corporation launched forklift fleet
run by lead acid batteries to lengthen the battery runtime and increase its
efficiency.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/power-generation-and-storage
Grand View Research has segmented the
global lead acid battery market on the basis of product, construction method,
application and region:
Product Outlook (Revenue, USD
Million; 2014 - 2025)
·
SLI
·
Stationary
·
Motive
Construction Method Outlook
(Revenue, USD Million; 2014 - 2025)
·
Flooded
·
VRLA
Application Outlook (Revenue,
USD Million; 2014 - 2025)
·
Automotive
·
UPS
·
Telecom
·
Electric bikes
·
Transport vehicles
·
Others
Regional Outlook (Revenue, USD
Million; 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
o
Italy
o
Russia
·
Asia Pacific
o
China
o
India
·
Central & South America
o
Brazil
·
MEA
o
South Africa
o
UAE
Access Full Press Release of this Report: www.grandviewresearch.com/press-release/global-lead-acid-battery-market
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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