Report Scope & Overview:
Advanced Lead Acid Battery Market Size was valued at expected to reach USD 41.47 billion by 2030, and USD 25.05 billion in 2022, and grow at a CAGR of 6.5% over the forecast period 2023-2030. 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.
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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.
By Construction Method
VRLA (Valve Regulated Lead Acid battery)
Commercial & Residential
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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
Exide Technologies, Banner Batteries, Fiamm Energy Technology S.P.A., Clarios, 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.
Exide Technologies-Company Financial Analysis
|Market Size in 2022||US$ 25.05 Billion|
|Market Size by 2030||US$ 41.47 Billion|
|CAGR||CAGR of 6.5% From 2023 to 2030|
|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
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
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
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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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
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