New York, NY -- (SBWIRE) -- 02/16/2018 -- Lead acid battery is considered to be one of the oldest type of rechargeable batteries that has low energy to volume ratio and a very low energy to weight ratio altogether. Expansion of the automotive business in China, India, Brazil, Mexico, South Africa, Indonesia, and Germany is expected to drive industry growth.

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Moreover, expanding use of energy stockpiling frameworks and UPS in businesses including mining, oil and gas, atomic power, gas turbine, construction, hospitality, banking, manufacturing, and off-grid renewable is anticipated to drive lead acid battery demand over the forecast period. The developing interest for stationary lead acid batteries in off-network sustainable source of energy is anticipated to augment market growth.

The market is segmented based on By product, by construction, by application, by region

By product
Stationary
Motive
SLI

By Construction VRLA, Flooded

By Application
UPS
Telecom
Automotive
Electric bikes
Transportation vehicles
Others

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Expanding interest for overflowed batteries in marine applications by virtue of its high power output is anticipated to increase its demand over the projected time frame. The marine business is developing in North America and Europe attributable to rising activities for trading, coast guard securities, and other leisure activities.

The growth of construction industry in emerging nations including China, India, Japan, South Korea, Malaysia, Indonesia, and Vietnam is anticipated to drive the demand of lead acid battery over the next few years.
Asia Pacific is expected to be the most elevated revenue generating market throughout the projected period attributable to growing population in China and India.

Lead-Acid Battery Manufacturing Cost Analysis
1 Lead-Acid Battery Key Raw Materials Analysis
2 Key Raw Materials
3 Price Trend of Key Raw Materials
4 Key Suppliers of Raw Materials
5 Market Concentration Rate of Raw Materials
6 Proportion of Manufacturing Cost Structure
7 Raw Materials
8 Labor Cost
9 Manufacturing Expenses

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