Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, expansion of the automotive industry in China, India, Brazil, Mexico, South Africa, Indonesia, and Germany is anticipated to drive lead acid battery market growth.

According to a report,Lead Acid Battery Market Size & Trend Analysis By Product (SLI, Stationary, Motive), By Construction Method (Flooded, VRLA), By Application (Automotive, UPS, Telecommunication, Electric Bikes, Transport Vehicles), By Region, And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc., The global lead acid battery market is expected to reach USD 84.46 billion by 2025. Expansion of the automotive industry in China, India, Brazil, Mexico, South Africa, Indonesia, and Germany is anticipated to drive industry growth. Furthermore, increasing utilization of energy storage systems and UPS in industries including mining, oil & gas, nuclear power, electricity generation, gas turbine, construction, hospitality, banking, manufacturing, and off-grid renewable is anticipated to drive lead acid battery demand over the forecast period.

Key Takeaways from the report:

  • Motive power accounted for 24.1% of market share in 2015. These batteries are used in industrial applications including forklifts, golf carts, railroads, and mining vehicles. Increasing requirement for transport vehicles and forklifts mainly in India and China on account of rapid industrialization is expected to propel demand.
  • Telecom sector was the second largest application industry and is projected to grow at a CAGR of 5% from 2016 to 2025. The need for efficient management of wireless connections coupled with continuous maintenance of security levels is anticipated to stimulate the demand for lead acid batteries in the telecom industry.
  • Europe accounted for 24.7% of the global market share in 2015 and is expected to foresee substantial growth over the next nine years. Widespread production of automobiles in countries including Germany, Italy, Sweden, UK, and the Czech Republic along with the presence of major automotive manufacturers, such as Audi, BMW, Mercedes-Benz, Jaguar, Volkswagen, Volvo, and Fiat, in the region is expected to aid in industry expansion.
  • Asia Pacific is projected to witness remarkable growth in light of increasing need for energy storage systems. Rising demand for renewable energy along with favorable support from the government for the development of solar and wind energy is anticipated to drive the usage of energy storage systems. The abovementioned factor is expected to influence product demand over the upcoming years positively, and the market is estimated to be worth USD 39.42 billion by 2025.
  • The industry is competitive in nature with major manufacturers including EnerSys, Johnson Controls, GS YUASA, Exide Technologies, East Penn, and ATLASBX Co., Ltd. dominating the global market. In October 2015, Crown Equipment Corporation launched forklift fleet run by lead acid batteries to lengthen the battery runtime and increase its efficiency.

U.S. lead acid battery market, by product, 2014 – 2025 (USD Million) 

Browse More Reports in Power Generation & Storage:

  • Lithium-Ion Battery Market: Increased usage of lithium-ion batteries in electric vehicles, portable consumer electronics and grid storage systems owing to its high energy density and high safety level is expected to drive market demand.
  • Thermal Energy Storage Market: Increasing demand for access to efficient and cost competitive energy sources is expected to favor thermal energy storage market growth.

Electric bikes are expected to witness growth at a CAGR of 6% from 2016 to 2025 owing to zero carbon emission and low-cost mobility. Increasing prices of gasoline and diesel fuels are expected to attract more consumers towards using these environment-friendly e-bikes. Furthermore, rising population and traffic congestion are expected to fuel the demand for e-bikes, which, in turn, is likely to boost industry growth over the upcoming years.

Global lead acid battery market volume, by application, 2015 (%)

 

Grand View Research has segmented the global lead acid battery market on the basis of product, construction method, application and region:

Product Outlook (Revenue, USD Million; 2014 – 2025)

  • SLI
  • Stationary
  • Motive

Construction Method Outlook (Revenue, USD Million; 2014 – 2025)

  • Flooded
  • VRLA

Application Outlook (Revenue, USD Million; 2014 – 2025)

  • Automotive
  • UPS
  • Telecom
  • Electric bikes
  • Transport vehicles
  • Others

Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
  • Central & South America
    • Brazil
  • MEA
    • South Africa
    • UAE

Explore lead acid battery market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: Switzerland
Website: www.grandviewresearch.com/industry-analysis/lead-acid-battery-market

Leave a Reply

Your email address will not be published. Required fields are marked *