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Advanced Lead Acid Battery Market

Advanced Lead Acid Battery Market Size and Segment by Type (Stationary, Motive), By Construction Method (Flooded, VRLA (Valve Regulated Lead Acid battery)), By End-User (Utility, Transportation, Industrial, Commercial & Residential), and by Regions | Global Market Forecast 2022-2028

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.

Advanced Lead Acid Battery Market Revenue Graph

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.

Market Dynamics:

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

Opportunity:

  • Infrastructure Expansion in Data Centers

  • Increasing the target for renewable energy generation

Challenge:

  • 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.

Key Players:

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.

Market Segmentation:

 By Type

  • Stationary

  • Motive

By Construction Method 

  • Flooded

  • VRLA (Valve Regulated Lead Acid battery)

By End-User

  • Utility

  • Transportation

  • Industrial

  • Commercial & Residential

Advanced Lead Acid Battery Market Segment Pie Chart

Regional Analysis:

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.

REGIONAL COVEREGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

 

Advanced Lead Acid Battery Market Report Scope:
Report Attributes Details
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
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

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

8.1 Stationary

8.2 Motive

 

9. Advanced Lead Acid Battery Market Segment, By Construction Method

9.1 Flooded

9.2 VRLA (Valve Regulated Lead Acid battery)

 

10. Advanced Lead Acid Battery Market Segment, By End-User

10.1 Utility

10.2 Transportation

10.3 Industrial

10.4 Commercial & Residential

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company Profile

12.1 Exide Technologies

12.1.1 Financial

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.

12.4 Clarios

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.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

 

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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.

Secondary Research

Step 2: Primary Research

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