Global Lead Acid Battery Market | Inkwood Research

GLOBAL LEAD ACID BATTERY MARKET FORECAST 2019-2027

• The global lead-acid battery market is projected to rise with a CAGR of 3.83% over the forecast period of 2019-2027.

• The market is mainly driven by factors such as a surge in automotive sales, increasing requirement of the uninterrupted power supply, increasing demands for off-grid renewable energy generation-which is driving the telecom installations.

• The LEAD-ACID batteries have huge applications in a passenger vehicle, light commercial vehicles, heavy commercial vehicle etc. and can be broadly classified into SLI batteries and micro hybrid batteries.

• The market is segmented on the basis of type, products and endusers. Market by type is segmented into enhanced flooded batteries, flooded batteries and VRLA batteries. • The market by product is further classified into SLI battery, and micro-hybrid battery and the market by end-user is segmented into automotive and stationary applications and motive applications. Presently, the SLI batteries segment is dominating the market due to its excessive sale and uptake in two-wheelers. • Also, the lead-acid batteries are the most preferred ones for the SLI functions in hybrid electric vehicles due to their low cost.

“Global lead-acid battery market is estimated to grow with 3.83% CAGR during the year 2019-2027.�

The North America lead-acid battery market was valued at $ XX million in 2018. The market is expected to grow at a CAGR of 3.34% over the forecast period of 2019-2027.

The Europe lead-acid battery market generated a revenue of $XX million in 2018. The market is anticipated to rise at a CAGR of 2.67% over the forecast period of 2019-2027,

The Asia-Pacific lead-acid battery market is anticipated to rise with the highest CAGR of 4.50% over the forecast period of 2019-2027 while generating $ XX million by its end.

B.B. Battery Co., Toshiba Corporations, C&D Technologies, Inc. (Acquired By KPS Capital Partner), Crown Battery, CSB Battery Company Ltd., East Penn Manufacturing, EnerSys, Exide Technologies Inc., GS Yuasa Corporation, Johnson Controls Inc., Narada Power Source Co. Ltd., Nipress (Indonesia), Northstar, Reem Batteries & Power Appliances Co. SAOC and Zibo Torch Energy Co. Ltd. are some of the leading companies in this market.