New York, NY -- (SBWire) -- 03/30/2019 --The Global Lead Acid Battery Market is expected to reach USD 95.32 Billion by 2026, according to a new report by Reports and Data. It is a rechargeable battery which can convert chemical energy into electrical energy. Rising demand for UPS systems and electric vehicles is fueling the market. Moreover, significant rise in demand from sectors such as automotive, healthcare, power, and telecom industries in developing nations is encouraging the growth of the market. Lead batteries have lower prices as compared to its competitors. Hence they are more commonly used and preferred.
The major players covered in this report:
Johnson Controls, Exide Technologies, GS Yuasa Corp, ATLASBX Co. Ltd., East Penn Manufacturing Co., Crown Battery Manufacturing, C&D Technologies, Inc., Narada Power Source Co. Ltd., Amara Raja Batteries Ltd., Leoch International Technology Ltd., among others
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APAC is expected to hold the largest market share, throughout the forecast period, owing to the large investments made in automotive, manufacturing, and healthcare, oil and gas, etc. Two wheelers are the major users of SLI (starting, lighting, ignition). Thus expansion of automobile sector has expanded the lead acid battery market. With low internet prices in recent years, India has the largest telecommunication market. With the rise in telecommunications and the internet, lead-acid battery is also forecasted to grow exponentially.
Understanding the market size
The size of the Lead Acid Battery market is viewed in terms of the Share of Market, Total Available Market as well as Served Available Market. Not only does the study present the combined revenue for a particular market but also the market size for a specific geographic region. Analysis of percentage or the size of the Total Available Market based on the type of product, technology, regional constraints and others form an important part of the Lead Acid Battery report.
Lead Acid Battery Market by Product Type (Revenue, USD Million; 2018-2026):
- Stationary
- Motive/Traction
- SLI
Lead Acid Battery Market by Construction Method (Revenue, USD Million; 2018-2026):
- VRLA
- Flooded
Lead Acid Battery Market, by Application (Revenue, USD Million; 2018-2026):
- Telecommunication
- UPS
- Control & Switchgear
- Motive
- Automobiles
- Motorcycles
- Grid Storage
- Fork Lifts
Lead Acid Battery Market, by End-Users (Revenue, USD Million; 2018-2026):
- Industrial
- Commercial
- Residential
- Marine
- Oil & Gas
Lead Acid Battery Market, by Sales Channel (Revenue, USD Million; 2018-2026):
- Original Equipment Manufacturer
- Aftermarket Sales
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Knowing the trends influencing the industry performance
Stakeholders, marketing executives and business owners planning to refer a market research report can use this study to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. When tracking the trends researchers have made a conscious effort to analyze and interpret the consumer behaviour. Besides, the research helps product owners to understand the changes in culture, target market as well as brands so they can draw the attention of the potential customers more effectively.
Our trend analysts look for the crucial connection between consumer trends, behaviour and values, to provide context for the sectors, demographics and global themes that matter to you.
Further key findings from the report suggest:
- Rising concerns for the environment has led to an increase in demand for e-bikes and electric vehicles, lower dependence on fuel technologies which in turn increase lead acid battery.
- In the product type segment, Motive/Traction lead-acid batteries have the largest market share of 35% in the year 2018 and are forecasted to grow till 36% in 2026.
- These motive or traction batteries are deployed in diverse vehicles like forklifts, minivans, tourists coaches, industrial trucks, golf carts, and e-bikes.
- SLI batteries offer low compatibility with smart vehicles, are low in cost and provide reliability. They are projected to hold a market share of 33% in the forecasted period of 2026.
- Stationary lead-acid batteries provide backup power, security system, emergency lighting, railway backup concerns, renewable energy concerns, etc. They have a market share of 31% in the year 2018 and has an annual growth rate of 5.4%.
- VRLA has a market share of 51% in the year 2018 and is forecasted to hold a market share of 53% in the year 2026 with an annual growth rate of 5.9%.
- Flooded lead occupy a market of 49% in the year 2018 and is forecasted to loose market due to its high maintenance. It is mainly used in industrial applications.
- APAC will have the largest market share of 29% in the year 2018 and is forecasted to hold 32% of the market by 2026. It has the highest growth rate of 6.7% in the forecasted year.
- North America has a market share of 23% in the forecast period of 2026 with an annual growth rate of 6.0%. The shifting trend of electric forklift across the globe, especially this region is expected to fuel the market.
Geographically, this report studies the top producers and consumers in these key regions:
- North America
- Europe
- China
- Japan
- Other Regions (India, Southeast Asia, Central & South America and Middle East & Africa)
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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Key Points From TOC:
Chapter 12. Company Profiles
12.1. Johnson Controls
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Length Benchmarking
12.1.4. Strategic Initiatives
12.2. Exide Technologies
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Length Benchmarking
12.2.4. Strategic Initiatives
12.3. GS Yuasa Corp.
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Length Benchmarking
12.3.4. Strategic Initiatives
Continued……
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Lead Acid Battery Market in-Depth Analysis 2018-2026 by Key Players: Johnson Controls, Exide, ATLASBX Co, Leoch Int
A closer look at the overall Lead Acid Battery business scenario presented through self-explanatory charts, tables, and graphics images add greater value to the study.