Report Id: SNS/C&M/1684 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Advanced Lead Acid Battery Market Size was valued at expected to reach USD 36.57 billion by 2028, and USD 23.53 billion in 2021, and grow at a CAGR of 6.5% over the forecast period 2022-2028. The Lead-Acid Battery is a secondary rechargeable cell that is commonly seen in trucks and automobiles. Because of its cost-effectiveness and greater cell voltage, this battery is widely employed in various power stations and power substations, resulting in rising Lead Acid Battery Market Statistics. The rising information economy and the expanding telecommunications sector both require a cost-effective battery storage solution to provide backup power. Lead acid batteries are utilised in a range of industries, including maritime, chemical, utility, pharmaceutical, and manufacturing, according to the Lead Acid Battery Market Report.
Lead-acid batteries are widely used in the energy storage, automotive, and telecommunication industries because they are energy storage devices. Lead acid batteries are utilised in a range of industries, including utility, chemical, pharmaceutical, maritime, and manufacturing, according to the Lead Acid Battery Market Report.
Energy Storage That Isn't Expensive
Telecom Sector Expansion and Rapid Technological Advancement
When compared to Lithium-Ion Batteries, they are much easier to recycle.
Alternatives in the Energy Storage Space that are Low-Cost
Use of Batteries and Safety
Infrastructure Expansion in Data Centers
Increasing the target for renewable energy generation
Electric Vehicles are gaining popularity.
COVID-19's Impact on the Advanced Lead Acid Battery Market
Impact of Covid-19:
Advanced lead acid batteries are utilised in a variety of applications, including utility, transportation, industry, and commercial and residential buildings. However, industries all across the world were affected by the pandemic. During 2019–2020, the industry's expansion has been impeded by a labour shortage, logistical constraints, material shortages, and other constraints. China is one of the world's leading advanced lead acid battery manufacturers, and Asia Pacific is a major hub for worldwide advanced lead acid battery manufacturing. It is also a significant provider of lead acid battery materials and components. Since January 2020, the COVID-19 epidemic has hampered the supply of modern lead acid batteries and raw materials from the country. The worldwide advanced lead acid battery manufacturing business is projected to experience more declines and supply chain disruptions.
Exide Technologies, Banner Batteries, Fiamm Energy Technology S.P.A., Clarios, Exide Industries Ltd., Amara Raja Batteries Ltd., Hoppecke Batterien gmbh & Co. K, Exide Technologies, Camel Group Co., Ltd., Leoch International Technology Limited Inc., Midac Batteries S.P.A., First National Battery, Chaowei Power Holdings Limited, Narada Power, Gs Yuasa International Ltd., Gridtential Energy, Inc, and other players.
By Construction Method
VRLA (Valve Regulated Lead Acid battery)
Commercial & Residential
The Asia Pacific area has the largest proportion of the global lead acid battery market, according to the study. The emerging economies of various developing countries such as South Korea, India, and China, as well as increasing foreign direct investment, are expected to fuel the extension of Because of prospective government laws that encourage increasing investment from various public-private partnerships, the Lead Acid Battery Market Size is expected to grow.
In addition, due to the growing number of onshore and offshore renewable energy sectors in Italy, the United Kingdom, Germany, and Sweden, the European region is expected to see a significant increase in Lead Acid Battery Market Size. Furthermore, according to the Lead Acid Battery Market Expert, increased disposable income and population growth in this region are likely to raise demand for passenger automobiles, consequently assisting in the size of the market for lead acid batteries.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 23.53 Billion|
|Market Size by 2028||US$ 36.57 Billion|
|CAGR||CAGR of 6.5% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Stationary, Motive)
• By Construction Method (Flooded, VRLA (Valve Regulated Lead Acid battery))
• By End-User (Utility, Transportation, Industrial, Commercial & Residential)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Exide Technologies, Banner Batteries, Fiamm Energy Technology S.P.A., Clarios, Exide Industries Ltd., Amara Raja Batteries Ltd., Hoppecke Batterien gmbh & Co. K, Exide Technologies, Camel Group Co., Ltd., Leoch International Technology Limited Inc., Midac Batteries S.P.A., First National Battery, Chaowei Power Holdings Limited, Narada Power, Gs Yuasa International Ltd., Gridtential Energy, Inc, and other players.|
|DRIVERS||• Energy Storage That Isn't Expensive
• Telecom Sector Expansion and Rapid Technological Advancement
• When compared to Lithium-Ion Batteries, they are much easier to recycle.
|Restraints||• Alternatives in the Energy Storage Space that are Low-Cost
• Use of Batteries and Safety
Frequently Asked Questions (FAQ) :
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: By Type, By Construction Method and By End-User are segments of the Advanced Lead Acid Battery Market.
Ans: Advanced lead acid batteries are utilised in a variety of applications, including utility, transportation, industry, and commercial and residential buildings. However, industries all across the world were affected by the pandemic. During 2019–2020, the industry's expansion has been impeded by a labour shortage, logistical constraints, material shortages, and other constraints. China is one of the world's leading advanced lead acid battery manufacturers, and Asia Pacific is a major hub for worldwide advanced lead acid battery manufacturing. It is also a significant provider of lead acid battery materials and components.
Ans: Energy Storage That Isn't Expensive, Telecom Sector Expansion and Rapid Technological Advancement and When compared to Lithium-Ion Batteries, they are much easier to recycle are the drivers for Advanced Lead Acid Battery Market.
Ans: Advanced Lead Acid Battery Market Size was valued at expected to reach USD 36.57 billion by 2028, and USD 23.53 billion in 2021, and grow at a CAGR of 6.5 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Advanced Lead Acid Battery Market Segment, By Type
9. Advanced Lead Acid Battery Market Segment, By Construction Method
9.2 VRLA (Valve Regulated Lead Acid battery)
10. Advanced Lead Acid Battery Market Segment, By End-User
10.4 Commercial & Residential
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profile
12.1 Exide Technologies
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Banner Batteries
12.3 Fiamm Energy Technology S.P.A.
12.5 Exide Industries Ltd.
12.6 Amara Raja Batteries Ltd.
12.7 Hoppecke Batterien GmbH & Co. Kg
12.8 Exide Technologies
12.9 Camel Group Co., Ltd.
12.10 Leoch International Technology Limited Inc.
12.11 Midac Batteries S.P.A.
12.12 First National Battery
12.13 Chaowei Power Holdings Limited
12.14 Narada Power
12.15 Gs Yuasa International Ltd.
12.16 Gridtential Energy, Inc.
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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