Increasing investment across commercial infrastructure development will fuel a requirement for efficient energy storage devices including UPS and inverters, which in turn will stimulate product adoption growth across the region. These batteries consist of a sulfuric acid solution electrolyte with lead dioxide cathode and sponge metallic lead anode making these units rechargeable. GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. Low cost and operational reliability are few of the prominent factors augmenting the adoption of lead acid battery over the other available alternatives. Its usage characterizes the demand side of this market by end-users like utilities, transportation sector, industries, such as data centers, telecom industries, oil & gas, chemical & pharmaceutical, food & beverage, etc., and the commercial & residential sector. Lead acid batteries are built with a number of individual cells containing layers of lead alloy plates immersed in an electrolyte solution, typically made of 35% sulphuric acid (H 2 SO 4) and 65% water (Figure 1). of lead-acid batteries depend on the rate at which they are discharged a discharge rate is also quoted. - 98)(Business Overview, Products Offered, Recent Developments & MnM View)* 12.1 Enersys 12.2 Exide Industries 12.3 GS Yuasa 12.4 Clarios 12.5 Panasonic 12.6 Chaowei Power 12.7 Narada Power 12.8 HBL Power Systems 12.9 Crown Battery 12.1 Northstar 12.11 Hitachi Chemical 12.12 Exide Technologies *Details on Business Overview, Products Offered, Recent Developments & MnM View Might Not Be Captured in Case of Unlisted Companies. For instance, aftermarket sales services are highly preferable across the automobile sector and further offers profitable prospects to an authorized automotive spare parts dealer and other vendors. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. This indicates that a 600 Ah battery bank in daily practice provides only, at the maximum, 300 Ah of actual capacity. - 17) 1.1 Objectives of the Study 1.2 Definition 1.3 Market Scope 1.3.1 Market Segmentation 1.3.2 Regional Scope 1.4 Limitations 1.5 Years Considered for the Study 1.6 Currency 1.7 Stakeholders, 2 Research Methodology (Page No. Industrial Lead Acid Battery Market Size And Forecast. Battery, HOPPECKE, First National Battery, Koyo Battery, Middle East Battery, and Enersys amongst others. This segmentation is based on the nature of the application in which the battery unit is being used. In the current scenario, the cost or expenditure, be it any business, is a critical component defining the success of the business. The overall supply chain of lead acid battery has observed high efficiencies on account of the collaboration between installers and the manufacturers to form an efficient forward distribution channel. To extract the maximum potential of a big-ticket investment, the individual component pricing is very vital as it maximizes the potential of the overall investment. Figure 1. The company supplied its batteries for the Yemen Hospital power supply project, funded by the World Bank and under the responsibility of the UN project office. The global lead–acid battery market size was valued at $39.7 billion in 2018, and is projected to reach $59.7 billion by 2026, growing at a … It is typically taken into consideration to use just 3050% of the rated capacity of a typical lead-acid battery. Lead Acid Battery market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units, and ‘USD” from 2017 to 2027, for the following segments: The above information has been provided for the following regions and country: Need a Discount? Rising consumer preference for personal mobility coupled with soaring demand for high energy density battery units will propel the deployment of these units across the Asia Pacific region. A lead acid battery is utilized as a system for energy storage and is deployed across various applications as a power source. The nature of this battery impacts the applications in which it is being used and also the kind of users that are implementing the same. Li-ion batteries are expected to capture a substantial portion in the market over the projected period on account of their low energy density and high lead content. Lead Acid Battery Market will be worth US$94,821.6 mn by the end of 2022. Advancements characterize the supply side in battery manufacturing techniques by OEMs and refurbishing companies, manufacturing basic and advanced lead acid batteries. To define, describe, and forecast the global lead acid battery market by technology, type, construction method, end-user, and region, To provide detailed information on the major factors influencing the growth of the lead acid battery (drivers, restraints, opportunities, and industry-specific challenges), To strategically analyze the market with respect to individual growth trends, prospects, and contribution of each segment to the market, To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders, To forecast the growth of the market with respect to the major regions (Asia Pacific, Europe, North America, South America, and the Middle East & Africa), To strategically profile key players and comprehensively analyze their market rankings and core competencies. Growing demand for automobiles has augmented the lead acid battery market forecasts over the last few years. The OEMs prefer these batteries for their safety, performance, and longer lifecycle in hybrid applications. - 34) 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Cost-Competitive Energy Storage Solution 5.2.1.2 Rapid Technological Advancements and Expansion in the Telecom Sector 5.2.1.3 Easily Recyclable Compared With Lithium-Ion Batteries 5.2.2 Restraints 5.2.2.1 Low-Cost Alternatives in Energy Storage Space 5.2.2.2 Safety Related to Battery Usage 5.2.3 Opportunities 5.2.3.1 Expanding Data Center Infrastructure 5.2.3.2 Increase in Renewable Energy Generation Target 5.2.4 Challenges 5.2.4.1 Limited Usage Capacity of Lead Acid Batteries 5.2.4.2 Growth of Electric Vehicles 5.3 Supply Chain Analysis 5.3.1 Raw Material Suppliers 5.3.2 Manufacturers 5.3.3 Distributors 5.3.4 End-Users/Engine Manufacturers, 6 Market, By Technology (Page No. It is used by Original Equipment Manufacturers (OEMs), including Toyota, Honda, and Lexus. Out of this, the share of batteries in stationary and motive application is around INR 12,650 crore (USD 1.9 billion). Lead Acid Battery Market Size, Share and Global Trend By Type (Flooded Lead Acid Batteries, Sealed Lead Acid Batteries), By End User (Automotive, Oil & Gas, Utilities, Telecommunications, Construction, Marine), By Application (Portable-Rechargeable, Stationary, Motive/Traction) and Geography Forecast till … What are the disruptive technology trends that will be seen over the next five years? Massive demand for battery storage is found in data centers. Valve regulated lead acid battery market size will expand considerably in the coming years due to their high-power density and ease of installation. [141 Pages Report] The global lead acid battery market is projected to reach USD 52.5 billion by 2024 from an estimated USD 41.6 billion in 2019, at a CAGR of 4.7% during the forecast period. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth. Over the last few years, many international and domestic manufacturers have relocated or developed their business across developing nations owing to the supportive regulatory, low production cost and easy availability of human resource. - 90) 11.1 Overview 11.2 Competitive Leadership Mapping, 2018 11.2.1 Visionary Leaders 11.2.2 Innovators 11.2.3 Dynamic 11.2.4 Emerging 11.3 Market Share Analysis 11.4 Competitive Scenario 11.4.1 New Product Launches 11.4.2 Expansions & Investments 11.4.3 Contracts & Agreements 11.4.4 Mergers & Acquisitions. 13 Appendix (Page No. VRLA batteries have witnessed strong growth over the last few years compared to flooded batteries on account of their high rate of discharge coupled with reliable & high-power delivery. - 30) 4.1 Attractive Opportunities in the Lead Acid Battery Market During the Forecast Period 4.2 Lead Acid Battery Market, By Technology 4.3 Lead Acid Battery Market, By Type 4.4 Lead Acid Battery Market, By Construction Method 4.5 Lead Acid Battery Market, By End-User 4.6 Lead Acid Battery Market, By Industrial Segment 4.7 Lead Acid Battery Market, By Region, 5 Market Overview (Page No. Published Date: Mar 2021 | Report ID: GMI2765 | Authors: Ankit Gupta, Nikhil Paranjape. Moreover, the market forecasts & estimates are in line with the data represented by multiple regional, state and central level authorities including the International Energy Agency, European Battery Alliance, International Lead Association (ILA), Battery Council International, International Tin Association, Asian Development Bank, Battery Association of Japan, regulatory bodies and company annual reports. Pure lead (Pb) is too soft and would not support itself, … This battery is suitable for high-temperature applications. Lead–Acid Battery Market Outlook - 2026. In 1990 the rechargeable battery market was ~$15BN worldwide for lead batteries and ~$3BN for nickel-cadmium batteries. The major players in the global lead acid battery market are EnerSys (US), Exide Industries (India), GS Yuasa (China), Clarios (US), Panasonic (Japan), Chaowei Power (China), Narada Power (China), HBL Power Systems (India), Crown Battery (US), NorthStar (Sweden), Hitachi Chemical (Japan), Exide Technologies (US), Teledyne Technologies (US), East Penn (US), Hankook AltasBX (Korea), HOPPECKE (Germany), C&D Technologies (US), Rolls Battery (Canada), Camel Power (Malaysia), Amara Raja Powe… After that, the market breakdown and data triangulation technique were done to estimate the market size of the segments and corresponding sub-segments. We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. Lead Acid Batteries, held in Osaka, Japan, on 26-27 October 2015. Global top 2000 strategist rely on us for their growth strategies. However, the business outlook is anticipated to improve with release of several vaccines which will bring normalcy to the manufacturing abilities thus improving the industry statistics of lead acid batteries in the near future. Furthermore, major manufacturers operating across the battery business are focusing on backward integration with raw material suppliers to increase their market share by achieving economies of scale, which in turn will proliferate their presence in the lead acid battery industry. Lead acid batteries are used in a wide range of applications, including automotive, uninterruptible power supply (UPS), telecom, electric bikes, and transport vehicles. This research study involved the use of extensive secondary sources, directories, and databases, such as North American Industry Classification System (NAICS)-data, U.S. vehicle registration statistics-data, Battery Association Of Japan-data, International Organization of Motor Vehicle Manufacturers-data, Industrial Technology Research Institute (ITRI) lead usage Industry Publications, several newspaper articles, Statista Industry Journal, Factiva, and, lead acid batteries journal, to identify and collect information useful for a technical, market-oriented, and commercial study of the lead acid battery market. A lead acid battery is an energy storage device that is used extensively in automotive, energy storage, and telecommunication industries and for several other purposes in various sectors, such as utilities, marine, manufacturing, and chemical & pharmaceutical industries. 2020 to 2027. The soaring requirement for power solutions with high reliability and efficiency will complement the market demand for such batteries in the forecast period. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. Customers across the globe are gaining more interest in power sports, which in turn is further boosting the market statistics for these units globally. Moreover, growing adoption of start stop technology across conventional vehicles in order to comply with the fuel efficiency standards will enhance the market trends of these units across SLI applications. These batteries hold a dominating position across the conventional automobile industry along with other applications including micro hybrid systems and vehicles with start-stop functionality, which in turn will drive the product penetration. 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