Lead-Acid Battery Market To Witness Enhanced Usage In Automobiles And UPS Applications Till 2022 | Million Insights

October 12 10:45 2018

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According to new report available with Million Insights, Lead-acid batteries are majorly used in passenger cars, motorcycles, trucks, UPS and solar power storage. The demand for passenger vehicles has considerably increased in the recent years and will continue to rise in future as well. This in turn will surge the demand for Lead-acid batteries and boost the Lead-acid battery market.

Global Lead-acid Battery Market is expected to grow considerably in the forecast period owing to the increasing use of Lead-acid batteries in automobiles and UPS (uninterruptible power supply). Lead-acid batteries are the most common large-capacity rechargeable batteries capable of using lead peroxide and sponge lead for converting chemical energy into electrical power. Lead-acid batteries are extensively used in substations and power stations since they hold higher cell voltage and are cost-effective. These batteries are popular because of features like dependability and inexpensiveness on a cost-per-watt-base.

Lead-acid batteries have a moderate life span and have the best charge retention among rechargeable batteries. They work well at cold temperatures and are superior to lithium-ion while operating in sub-zero conditions. Lead-acid batteries are divided into two major classes, vented Lead-acid batteries (spillable) and valve regulated Lead-acid (VRLA) batteries (non-spillable or sealed).

Full Research Report On Lead-acid Battery Market Analysis available at: https://www.millioninsights.com/industry-reports/lead-acid-battery-market-forecast

Lead-acid batteries are majorly used in passenger cars, motorcycles, trucks, UPS and solar power storage. The demand for passenger vehicles has considerably increased in the recent years and will continue to rise in future as well. This in turn will surge the demand for Lead-acid batteries and boost the Lead-acid battery market.

Manufacturing and automobile sectors are witnessing momentous growth with the use of Lead-acid batteries, which drive the demand for stationary batteries for power backup and for deep-cycle batteries for wheeled mobility like wheelchairs, golf cars and scissor lifts. However, illegal and improper disposal of Lead-acid batteries causes environmental pollution due to high lead content. Manufacturing process improvements in recycling of Lead-acid batteries bring opportunities to lower adverse impact on the environment.

Conversely, strict emissions standards and inclination towards lithium-ion batteries evident hindrances for the growth of Lead-acid battery market. However, the growing demand from the telecommunication segment is anticipated to bring lucrative opportunities in Lead-acid battery market. The market is categorized on the basis of product, construction method, application, and geography. On the basis of products, market is divided into stationary, motive and SLI. Based on construction method, market is divided into flooded, VRLA.

Based on application, Lead-acid battery market is divided into motive industrial, stationary industrial, residential, commercial, automotive, telecommunication, transport vehicles, electric bikes, grid storage, UPS, other applications. Geographically, the market is segmented as North America, Europe, Asia Pacific, and Middle East & Africa. Owing to the speedy industrialization, Asia Pacific is predicted to register larger share market in the forecast period.

The prominent players in Lead-acid battery market comprise Exide Technologies, ATLASBX Co., Ltd., B.B. Battery Co., Ltd., C&D Technologies, Inc., Chloride Batteries S E Asia Pte. Ltd., Crown Battery, Leoch International Technology Ltd., CSB Battery Co., Ltd., Johnson Controls, East Penn Manufacturing, Nipress, NorthStar, Panasonic Corporation, Zibo Torch Energy Co., Ltd., EnerSys, and Fujian Quanzhou Dahua Battery Co., Ltd.

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Market Segment:

The market is divided into the following segments based on geography:

• Americas

• APAC

• EMEA

Global Lead-acid Battery Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• East Penn Manufacturing

• EnerSys

• Exide Technologies

• HOPPECKE Batteries

• Johnson Controls

• Trojan Battery

Related Reports of This Category Available at Million Insights: https://www.millioninsights.com/industry/energy-storage

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