Harrisburg, NC -- (SBWIRE) -- 04/26/2019 -- Global Lead-Acid Batteries Market Insights, Forecast to 2025
The lead-acid battery market is driven by increasing disposable income which leads to an increase in demand for vehicles and electronic items. The world's population is shifting towards urban areas, as it is evident from the fact that 55 percent of world population lives in urban areas as of May 2018 which is anticipated to increase to 68 percent by the end of 2050. The growing disposable income and improving the lifestyle of peoples is consequently, leading to an increase in the use of electrical devices which contributes to the demand for lead-acid batteries.
The energy-to-weight ratio of the lead acid battery is low, but it can supply large surge currents, indicating a high power-to-weight ratio, primarily useful for SLI (Starting Lighting Ignition) applications. Also, due to the low cost, lead-acid batteries are preferred when the price is more important than the energy-to-weight ratio, for example, in backup supplies for mobile phone towers, hospitals, and off-grid remote storage. Lead acid batteries in the automotive applications contribute to more than 60% of the market. The global car sales increased by 2.4 percent in 2017 and the growth is expected to continue in coming years thus leading to an increase in demand for lead-acid batteries.
The Global Lead-Acid Batteries market was valued at $56.9 billion in 2017 and is projected to reach $70.7 billion by 2023, witnessing a CAGR of 4.4% during the forecast period.
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Top Leading Companies are: Johnson Controls,Exide Technologies,GS Yuasa,EnerSys,CSB Battery,Sebang,East Penn,Fiamm,Panasonic,NorthStar,Atlasbx,ACDelco,Trojan,Amara Raja,C&D,Midac Power,Mutlu,Chaowei Power,Tianneng Power,Camel,Leoch,Shoto,Fengfan,Narada Power,Huawei Battery
Contents of the 15 Chapters for This Lead-Acid Batteries Market Study:-
Chapter 1, to describe Lead-Acid Batteries Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Lead-Acid Batteries , with sales, revenue, and price of Lead-Acid Batteries , in 2017 and 2019;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2017 and 2019;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Lead-Acid Batteries, for each region, from 2013 to 2019;
Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2019;
Chapter 12, Lead-Acid Batteries market forecast, by regions, type and application, with sales and revenue, from 2019 to 2025;
Chapter 13, 14 and 15, to describe Lead-Acid Batteries sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
The demand for the lead-acid battery is hindered by the declining cost of its alternative li-ion battery. The price of Li-ion battery has declined by around 80% between 2010 and 2017 and reached USD 209 per kWh in 2017, mainly due to technology improvement and economies of scale. Further, the trend is expected to continue and price is expected to fall below USD 100/kWh by the end of 2025. Also, fierce competition among the manufacturers is also instrumental in reducing the prices. The sharp and sustained cost reduction is expected to help reinforce lithium-ion in all energy storage markets, which in turn, is expected to restrain the market for lead-acid batteries across the world in coming years.
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Lead-Acid Batteries Market, by Type:
Valve Regulated Lead Acid Battery
Flood Lead Acid Battery
Lead-Acid Batteries Market, by End User:
Automobile Fields
UPS (Including Base Station)
Asia-Pacific is the leading market for lead-acid batteries across the world due to the presence of major developing countries i.e. China, India, South Korea, etc. According to Society of Indian Automobiles Manufacturers (SIMA), the total automotive sales across India has grown by over 22 percent from 2011 to 2016. Expanding automobile sales have aided the growth of SLI lead-acid batteries. Two wheelers are among the largest user of SLI batteries. India is among the world's largest telecommunication markets and has witnessed a huge growth in the usage of internet due to low internet prices in the recent past. The number of internet users is expected to nearly double to 650 million by 2020, which is expexted to translate into an increase in demand for telecommunication tower. As a result, the demand for lead acid batterie in the telecommunication sector is expected to increase during the forecat period.
The report will make detailed analysis mainly on the development environment, Market size, development trends, operation situation and future development trends of Lead-Acid Batteries Market on the basis of current situation of the industry in 2019 so as to make full comprehension and judgment on the competitive situation of Lead-Acid Batteries Market Carrier and assist manufacturers and investment organization to better grasp the development course of Lead-Acid Batteries Market.
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Important attributes of the report:
The 360-degree Lead-Acid Batteries overview based on a global and regional level.
Market share, value, volume, and production capacity is analyzed on global, regional and country level.
A complete and useful guide for new market aspirants.
Forecast information will drive strategic, innovative and profitable business plans.
SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations.
Lastly, the research methodology and data sources are offered in this report.
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