Transportation Sector Providing for Maximum Demand Application-wise, the analysts have bifurcated the lead acid battery market into grid storage, commercial, stationary industrial, residential grid storage, motive industrial, and transportation.
Italy Market Status and Outlook 4.
What are some of the underlying macro-economic and industry factors impacting the growth of the lead acid battery market? As per the findings of the study and perspectives of industry participants, the global lead acid battery market is projected to grow at a CAGR of 4.
Saudi Arabia Market Status and Outlook 4. Among these, the flooded battery segment provided for Unswerving Power Needs Sustaining Strong Demand Portability of power supply has always been invaluable for the humanity. A lead-acid battery comprises four main elements: Regional Insights Asia Pacific is a major consumer of batteries on account of rising automobile production coupled with rapid industrialization generating high demand.
The focus is on hybrid power systems as they have less impact on the environment. Japan Market Status and Outlook 4.
What are the key market trends? What are the competition developments and trends in the lead acid battery market? Hence, remote towers need efficient energy supply that can be provided by a combination of renewable energy sources and the diesel generators for backup.
Rise in need for security of energy supply, technological development, increasing disposable income of customers, development of a new application for batteries and decreasing prices of raw materials for manufacturing latest battery products further aided the battery industry.
Asia Pacific is expected to register high growth rates in the lead acid battery market over the forecast period, owing to government initiatives to increase foreign direct investments in countries such as China and India, so as to increase manufacturing and the continuously expanding automotive industry, which is expected to support the growth of the lead acid battery market over the forecast period.
SLI application in the automotive sector has contributed to high battery demand for starting, lighting and ignition of the vehicle. Some of the key sources referred to are: The report takes historical data from to and provides forecasts during the period of to Argentina Market Status and Outlook 4.
South Africa Market Status and Outlook 4. Volume-wise, the demand for lead acid battery is forecasted to beunits by Untilthe transportation sector was providing for The enriched distribution system of lead acid batteries along with the ready availability has also fueled the growth of the industry.
High demand for portable electronics including smart phones, LCD displays, tablets and wearable devices such as fitness bands propel battery market growth.
Increasing automobile and aircraft production in emerging economies of Asia Pacific including India and China is expected to provide immense potential for market growth. Evolving business models and involvement of utilities in the energy storage space are expected to further enhance the adoption of energy storage systems ESSs in the future.Lead acid battery market involves key players including Johnson Controls, Exide, GS Yuasa, Panasonic Corp and EnerSys.
Johnson Controls is engaged in the manufacturing of lead acid batteries for various applications. The 'Global and Chinese Industrial Lead-Acid Battery Industry, Market Research Report' is a professional and in-depth study on the current state of the global Industrial Lead-Acid Battery industry with a focus on the Chinese market.
Summary ICRWorlds Industrial Lead Acid Battery market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.
The industry report lists the leading competitors and provides the 5/5. Technavio's report, Global Industrial Lead-acid Battery Markethas been prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the market landscape and its growth prospects over the coming years. Lead-acid battery is expected to be the market with majority share in in volume, but Li-ion market is likely to be higher than Lead-acid from Li-ion battery market is driven by Automotive & Industrial applications.
Global lead acid battery market volume, by application, (%) UPS is expected to gain substantially over the projected period at a CAGR of % owing to an increasing requirement for uninterrupted power supply in residential, commercial, and.Download