The increase in investment from emerging economies pushes the sector

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Dublin, September 22, 2022 (GLOBE NEWSWIRE) – The report “Lead Acid Battery Market by Type, Technology, Method of Construction, End Use and Forecast by Region Up to 2030” has been added to by ResearchAndMarkets.com offer.

According to the latest report, the size of the lead-acid battery market is expected to reach $ 65.98 billion in 2030 and record a revenue CAGR of 4.2% over the forecast period. The market is expected to grow due to the growing demand for lead-acid batteries from various end-use sectors, such as automotive and industrial. Furthermore, the market is expected to benefit from the growing demand for lead-acid batteries from emerging economies, such as China and India.

The automotive industry is a major consumer of lead-acid batteries and the market is expected to grow due to increasing car sales in emerging economies. In addition, the market is expected to benefit from the growing demand for lead-acid batteries from the industrial sector. The market is expected to grow due to the growing demand for lead-acid batteries from various end-use sectors, such as automotive and industrial.

The Asia Pacific region is expected to be the largest market for lead-acid batteries, with a revenue CAGR of 4.5% over the forecast period. The market is expected to grow due to growing car sales in China and India. The region’s market is also expected to benefit from the growing demand for lead-acid batteries from the industrial sector.

The steady revenue growth of the lead acid battery market is expected to continue with the expansion of the global automotive industry. Growing environmental concerns and government regulations are also likely to support demand for lead-acid batteries over the forecast period.

Lead-acid batteries are a type of battery that uses lead and lead oxide plates immersed in an electrolytic solution of water and sulfuric acid to produce electricity. These batteries have been around for over 150 years and are one of the most popular battery types in the world due to their low cost, high power density and good cycle life. Lead acid batteries are used in a variety of applications, including automotive, UPS, golf carts, and forklifts.

Most of the world’s lead acid batteries are used in vehicles, however their use is also gaining popularity in other applications such as backup power for telecommunication towers and solar power systems. Large lead-acid batteries are also used to provide backup power for telephone switchboard equipment. Lead-acid batteries are widely used in standby power supplies for communications systems and computer networks, as well as in uninterruptible power supplies (UPS) for both industrial and domestic applications. Lead acid batteries have been the preferred choice of batteries for automotive starter applications due to their high discharge current capacity, reliability and low cost.

For the purposes of this report, the author has segmented the lead acid battery market by type, construction, technology, end use, and region:Type Outlook (Revenue, USD Million; 2019-2030)

End Use Outlook (Revenue, USD Million; 2019-2030)

  • Utility

  • Transport

  • Industrial

  • Commercial and Residential

Technology Outlook (Revenue, USD Million; 2019-2030)

Construction Outlook (Revenue, USD Million; 2019-2030)

Regional Perspectives (Revenue, USD Million; 2019-2030)

  • North America

  • WE

  • Canada

  • Mexico

  • Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Sweden

  • BENELUX

  • Rest of Europe

  • Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Rest of the APAC

  • Latin America

  • Brazil

  • Rest of LATAM

  • Middle East and Africa

  • Saudi Arabia

  • United Arab Emirates

  • South Africa

  • Israel

  • Rest of MEA

Key topics covered:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary

Chapter 3. Indicative metrics

Chapter 4. Lead Acid Battery Market Segmentation and Impact Analysis

Chapter 5. Lead Acid Battery Market by Type Insights and Trends

Chapter 6. Lead Acid Battery Market by Technology, Insights and Trends

Chapter 7. Lead Acid Battery Market by Construction Method Analysis and Trends

Chapter 8. Lead Acid Battery Market based on end user insights and trends

Chapter 9. Regional Perspectives of the Lead-Acid Battery Market

Chapter 10. Competitive landscape

Chapter 11. Company Profiles

Companies mentioned

  • EnerSys

  • Exide Industries Ltd.

  • GS Yuasa International Ltd.

  • Advanced Power Solutions VN

  • Chaowei Power Holdings Ltd.

  • Narada

  • HBL Power Systems Ltd.

  • Corona battery

  • North Star

  • Hitachi Ltd.

For more information on this report, please visit https://www.researchandmarkets.com/r/odxlaz

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