Pune, India -- (SBWire) -- 06/01/2018 --Market Highlights
The global lead-acid battery market is projected to witness a rapid growth during the forecast period. The growing demand for stationary lead-acid batteries in off-grid renewable energy generation power station is expected to enhance market size.
The global lead-acid battery market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, the lead-acid battery market in the Asia Pacific is expected to witness a significant growth and hold the largest market share during the forecast period. China, India, and South Korea are anticipated to drive the growth of the North American lead-acid battery market owing to the presence of large number of established key players such as GS Yuasa Corp (Japan), Narada Power Source Co., Ltd. (China) and Leoch International Technology Ltd. (China), ATLASBX Co. Ltd. (South Korea) in this region. Due to the high adoption of a lead-acid battery in the automotive sector and the demand for battery in a commercial vehicle, passenger car, and the motorcycle industry in the region, the market is likely to show an immense growth in the coming future. Europe region is expected to show considerable growth on account of increasing number of offshore and onshore renewable energy industry in Germany, Italy, Sweden, and the U.K. Further, the well-established automotive industry is boosting the market in the region.
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In the global lead-acid battery market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growing adoption of renewable products, emerging economies, and technological advancement in lead-acid battery in the region.
The global lead-acid battery market is projected to reach USD 86 billion at a CAGR of over 8% by the end of the forecast period 2017-2023.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Lead Acid Battery Market Research Report-Forecast to 2023".
Industry News
August 2017, C& D technologies, based in Blue Bell, Pennsylvania, one of the leading manufacturers, engineers, Suppliers and Services for utility, telecommunications, uninterruptible power supply, cable, broadband and renewable energy markets has been acquired by KPS Capital Partners, which is an investing firms. By this partnership, C&D technologies will be able to invest in advancing their plants and a range of growth initiatives that will benefit customers.
January 2018, GS Yuasa Corporation, Japan based one of the leading lead acid automobile and motorcycle batteries manufacturers, has declared that their lithium-ion batteries have been implemented by Epsilon-3 Launch Vehicle.
March 2017, Crown Battery, one of the leading manufacturer of advanced technology, has completed the acquisition of Industrial Power Source (IPS), Inc. IPS, which is an innovative distributor and servicer of industrial batteries and chargers for lift truck dealers and end-users of electric material handling equipment. By the acquisition, the company would be integrating the products, service and support to become one of the SoCal's pioneer motive power companies.
Key Players
Some of the prominent players in the global lead acid battery market: Johnson Controls (U.S), ATLASBX Co. Ltd. (South Korea), Exide Technologies (U.S.), East Penn Manufacturing Co. (U.S.), NorthStar (Sweden), Crown Battery Manufacturing (U.S.), C&D Technologies, Inc. (U.S.), GS Yuasa Corp (Japan), Narada Power Source Co., Ltd. (China) and Leoch International Technology Ltd. (China) and others.
Lead Acid Battery Market Global Market - Segmentation
- Segmentation by Product Type: stationary, motive, and (Starting, Lighting, and Ignition) SLI
- Segmentation by Construction comprises VRLA (valve-regulated lead-acid), Sealed, and flooded.
- Segmentation by End-user: Industrial, Residential, Commercial, Automotive, Telecommunication, Transportation, Oil & Gas, Electronics, and Others.
- Segmentation by Applications: Automotive, UPS, Telecommunication, Electric bikes, Transport vehicles, and Others.
- Segmentation by Region: North America, Europe, Asia Pacific, and the Rest of the World.
Lead Acid Battery Market Global Market - Regional Analysis
The market is observed for North America, Europe, Asia Pacific and rest of the world. Asia Pacific is expected to hold maximum share through the forecast period and is expected to dominate the global Lead Acid Battery market. China, Taiwan, South Korea, Japan, India are the leading countries in the region. This is attributed to increase in demand for automotive sector which eventually increase demand for lead acid batteries. Furthermore, North America is anticipated to have a substantial growth region. The U.S and Canada are leading countries in the region. Surging demand for uninterrupted power supply, rising automotive sales, and sophisticated maintenance-free feature of VRLA that boosts the demand for telecom installations are the driving factors for the lead acid battery market.
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Lead Acid Battery Market Share, Business Growth, Development Strategy, Company Profile, Growth Factors and Comprehensive Research Study Till 2023