Automotive Applications to Drive Lead Acid Battery Market to New Heights

The report states that the lead acid battery market in the Asia Pacific, Japan, Middle East and Africa, and Latin America regions is poised to rise at a CAGR of 4.60% from 2014 to 2020. If the projected value holds true, the lead acid battery market in these regions will reach a valuation of US$31.7 bn by 2020.

 

Albany, NY -- (SBWIRE) -- 01/15/2016 -- Albany, New York, October 16, 2015: Market Research Reports Search Engine (MRRSE) has recently added a new study, titled "Lead Acid Battery Market: Asia Pacific, Latin America, Japan, Middle East & Africa Industry Analysis and Opportunity Assessment 2014 - 2020", to its growing research reports repository.

The report states that the lead acid battery market in the Asia Pacific, Japan, Middle East and Africa, and Latin America regions is poised to rise at a CAGR of 4.60% from 2014 to 2020. If the projected value holds true, the lead acid battery market in these regions will reach a valuation of US$31.7 bn by 2020.

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The report begins with an overview of lead acid batteries, which have been used across industries for many decades. Lead acid batteries are the power store that provide the energy needed for everyday operations. These batteries hold more importance in the instance of a blackout or a brownout for the necessary power needed to prevent economic crises or life-threatening conditions.

The market overview section of the report covers the performance of the lead acid battery market in terms of both revenue and volume in Asia Pacific, Japan, the Middle East and Africa, and Latin America. This section also includes an analysis of market drivers, restraints, and trends from the supply and demand perspective of lead acid batteries.

To comprehend and assess opportunities in the target market for lead acid batteries, the report analyzes the market based on two perspectives – applications and regions.

By region and by application, the current state and growth prospects of the market for lead acid batteries is presented for the forecast period. Considering 2013 as the base year, market value estimates are presented for 2014 and the subsequent years till 2020.

According to analysts' findings, lead acid batteries have numerous applications, however, it is the automotive applications that will propel the market to new heights during the forecast period.

To estimate the market size, the average price of lead acid batteries across regions is considered in this report. Market size forecasts for the regional lead acid battery markets are presented in terms of both revenue and volume.

The research report examines the lead acid battery market in the target regions from a competitive standpoint as well. The major players that have a presence in this market are identified and profiled for their distinguishing attributes.

EnerSys Inc., Exide Technologies, Yokohama Industries, GS Yuasa Corporation, and Johnson Controls Inc. are the major companies involved in the lead acid battery industry in the regions of Asia Pacific, Japan, Latin America, and the Middle East and Africa.

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Each of the companies is profiled for company overview, business strategy, product portfolio and specification, recent developments, technological advancements, and SWOT analysis.

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