Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Lead
Acid Battery Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Lead Acid Battery Market. The
research also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and global Lead Acid Battery Market over the short
as well as long period of time. A detailed presentation of forecast, trends,
and dollar values of global Lead Acid Battery Market is offered. In accordance
with the report, the global Lead Acid Battery Market is projected to expand at
a CAGR of 2.24 % over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Lead Acid
Batteries are batteries that uses sponge lead and lead peroxide for the
conversion of chemical energy into electrical power. It consists of a
container, plate, separators, battery terminals and active materials like
dilute sulfuric acid, lead peroxide, and sponge lead.
Lead Acid
Batteries are used in automobiles as it delivers powerful start to the engine.
Also, forklift, industrial cleaners and golf carts use lead acid battery due to
its low cost, well designed supply chain of the product and high reliability,
thereby increasing its demand in automotive industries. Lead acid batteries are
also convenient to use, cheap and work for many battery-operated applications.
Due to its large current and surge capability, it is used to start internal combustion
engines. The process of manufacturing lead acid battery is less cumbersome and
uses very low technological equipment. All these factors lead to the growth of
global Lead Acid Battery market in the forecast period. The high self-discharge
function of lead acid battery is relatively good. Lead acid battery can be
stored without recharging for a period of 12 months. This may also be
considered as one of the major drivers for the global lead acid battery market.
Lead acid batteries is the innovative matured technology that has high
tolerance to overcharging and abuse making it ideal for many applications, thereby
increasing its demand in various industries like food & beverage, metals
& mining, construction etc. Considerable demand for UPS in various sectors,
such as banking, oil and gas, healthcare etc. is leading the growth of lead
acid battery market.
There has been a
considerable rise in the manufacturing of electric vehicles that use Lithium
Ion technology for better performance, environmentally acceptable etc., and is
replaced by internal combustion engine, which is the major restraint for the
global Lead Acid Battery market. A typical lifespan of a lead acid battery is
limited. It fails after a few years, typically after 300 to 500 cycles. Also, lead
acid batteries are not suitable for fast charging. This are the main factors
that hamper the growth of global Lead Acid Battery market. Also, lead is not
environmentally friendly which further leads to reduction of demand for Lead
acid battery globally.
With the growth
of UPS market in the country China, Asia Pacific holds the largest share in the
global Lead Acid Battery market. Many manufacturers are now spending a large
amount of their earnings on the research and development to develop their
product offerings. A new technology “Advanced Lead-Carbon (ALC)” adds carbon to
the negative plate (cathode), which in turns improves the charge and discharge
performance of the battery, higher energy efficiencies and a longer lifetime.
With the recent
pandemic Covid-19, the world economy has received an enormous blow. However,
for lead acid battery market, the medium to long term picture appears to be
positive, predicting strong growth in the future. The demand for replacement
batteries will be deferred due to people staying at home and not driving, but
not destroyed.
Segment Covered:
This market
intelligence report on the global Lead Acid Battery Market encompasses market
segments based on product type, construction, technology, application and country/regions.
In terms of product, the global Lead Acid
Battery Market is segregated
into :
§ SLI (Starting, Lightning & Ignition)
§ Stationary Batteries
ü Telecom
ü UPS
ü Energy Storage Systems
ü Others
§ Portable Batteries
ü Consumer Electronics
§ Stand By
§ Motive
§ Others
By construction, the global Lead Acid Battery Market is also classified into :
§ Flooded
§ VRLA (Valve Regulated Lead-Acid)
§ Others
By technology, the global Lead Acid Battery Market is also classified into :
§ Basic Lead Acid Battery
§ Advanced Lead Acid Battery
By application, the global Lead Acid Battery Market is also classified into :
§ Automotive
ü Non-Electric Vehicles
ü Electric Vehicles
ü Transport Vehicles
ü Forklifts
ü Motor Cycles
ü Motive Power
§ Utilities
§ Oil & Gas
§ Construction
§ Uninterrupted Power Supply (UPS)
§ Telecommunication
§ Electric Bikes
§ Marine
§ Leisure
§ Renewable Power
§ Transport Vehicle
§ Others
By country/region, the global Lead Acid Battery Market has been divided into :
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Fujian Quanzhou Dahua Battery Co. Ltd
§ B B Battery Co Ltd.
§ Yokohomo Industries
§ Hitachi Chemical Energy Technology
§ C&D Technologies Inc.
§ Amara Raja Corporation
§ Panasonic Corporation
§ GS Yuasa Corporation
§ EnerSys Limited
§ Leoch International Technology Limited
§ Exide Industries Ltd
§ Johnson Controls International Plc
§ FIAMM Energy Technology
§ Crown Battery Manufacturing
§ AC Delco Corporation
§ First National Battery Corporation
§ East Penn Manufacturing Co. and many more
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Lead Acid Battery related
investment & spending and developments by major players of the market are
tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Lead Acid Battery Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account
2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Lead Acid
Battery Market
is done by taking into account various parameters
such as company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Fujian Quanzhou Dahua
Battery, B B Battery Co. Ltd, Yokohoma Industries, Hitachi Chemical Energy
Technology, C&D Technologies Ltd, Amara Raja Corporation, Panasonic
Corporation, GS Yuasa Corporation, EnerSys, East Penn Manufacturing Co., Leoch
International Technology Limited, Exide Industries, Johnson Controls
International Plc, FIAMM Energy Technology, Crown Battery Manufacturing Co. AC
Delco Corporation, First National Battery Corporation and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Lead Acid Battery Market caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Lead Acid Battery Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Lead Acid Battery Market
v
Identification
of key factors driving investment opportunities in the Lead Acid Battery Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants