ResearchMoz added Latest Research Report titled " Global Lead-acid Battery Market 2015-2019: Worldwide Market Size, Shares, Trends, Growth, Survey and Forecast report " to it's Large Report database.
Albany, NY -- (SBWIRE) -- 06/17/2016 -- Lead-acid batteries are rechargeable devices that are comprised of lead electrodes submerged in diluted sulfuric acid. The global market for lead-acid batteries is estimated to show steady growth during the forecast period and factors like the rising use of lead-acid batteries by various end-user segments and other motive applications such as forklifts, railroad, and mining vehicles are expected to foster market growth during the forecast period. These factors promote the prospects for growth in this market and results in its steady CAGR of almost 7.5% by 2019.
In this market research report, Technavio market research analysts estimate the APAC region to dominate the global market for lead-acid batteries during the forecast period. The augmented demand for stationary lead-acid (SLA) batteries from the power utilities sector is expected to result in this regions high market share during the period of 2014 and 2019.
Segmentation by end-user application and analysis of the lead-acid battery market
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Technavios market research analyst has estimated the automotive segment to account for more than 75% of the total market during the forecast period. Growth in this segment is heavily dependent on the performance of the global automotive market and, therefore, any increase in the sale of automobiles across the globe is expected to result in this segments growth.
Competitive landscape and key vendors -
This market is highly competitive and is characterized by the presence of numerous global, regional, and local vendors. These vendors continually compete with each other to gain maximum traction in the market and their growth during the forecast period is dependent on factors like intense competition, rapid advances in technology, frequent changes in government policies, and stringent environmental regulations.
Key vendors in this market are -
- C&D Technologies
- Coslight Technology
- East Penn Manufacturing
- Exide Technologies
- GS Yuasa
- Leoch International
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Key questions answered in this report -
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the lead-acid battery market?
- What are the key market trends impacting the growth of the lead-acid battery market?
- What are the challenges to market growth?
- Who are the key vendors in the lead-acid battery market?
- What are the market opportunities and threats faced by the vendors in the lead-acid battery market?
- Trending factors influencing the market shares of the EMEA, Americas, and APAC.
- What are the key outcomes of the five forces analysis of the lead-acid battery market?
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