DUBLIN, Feb. 12, 2019 /PRNewswire/ --
The "Lead-Acid Battery Market by Construction, by Type, by Application, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023" report has been added to ResearchAndMarkets.com's offering.
Lead-acid battery market is projected to reach $70.7 billion by 2023, increasing demand for electric vehicles and automobiles coupled with urbanization and industrialization in emerging economies are likely to create demand for applications of lead-acid batteries and thus expected to propel the market growth during the forecast period.
On the basis of construction, the lead-acid battery market is categorized into flooded and valve regulated lead-acid (VRLA). Traditionally, flooded lead-acid battery held the larger share in the market, contributing more than 51.0% in terms of volume. This is in coherence with its cost-effectiveness for entry level start-stop vehicles over its counterpart. Additionally, increasing application of flooded lead-acid battery in marine applications is further estimated to augment its demand in the future.
Based on type, the market for lead-acid battery is bifurcated into standby, motive, and starting, lighting, and ignition (SLI). In 2017, SLI category was the largest type in the market, constituting a market share of more than 55.0% in terms of volume. The wide range of advantages such as high durability, reliability, and low maintenance requirements are likely to increase its penetration in the automotive sector, which in turn, will drive its demand in the market during the forecast period.
On basis of application, the lead-acid battery market is classified into automobile, utilities, construction, telecommunication, marine, leisure, uninterrupted power supply (UPS), and others. The others category comprises military and mining applications. Automotive was the largest application area in the market, contributing more than 65.0% share in terms of volume in 2017. This is ascribed to significant battery life; low cost; and high performance, a trait characteristic of lead-acid battery.
Globally, the lead-acid battery market is expected to witness the fastest growth in APAC, in terms of volume, with 4.2% CAGR during the forecast period. This growth can be majorly attributed to growing demand of lead-acid batteries for applications in automotive sector and telecommunication networks. Furthermore, in addition to the aforementioned factor, increasing use of UPS in industrial sectors such as oil and gas, manufacturing, chemical, and healthcare are likely to open up new growth opportunities for the lead-acid battery market in the region.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Construction
4.1.2 By Type
4.1.3 By Application
18.104.22.168.1 Non-electric vehicles
22.214.171.124.3 Transport vehicles
126.96.36.199 Oil and gas
4.2 Value Chain Analysis
4.3 Market Dynamics
188.8.131.52 Technological advancements
184.108.40.206 Shift in preference from conventional generators to stationary lead-acid battery in telecom industry
220.127.116.11 Growing demand for EVs
18.104.22.168 Growing demand for UPS
22.214.171.124 Urbanization and industrialization in developing nations
126.96.36.199 Rise in automobiles demand
188.8.131.52 Impact analysis of drivers on market forecast
184.108.40.206 Increasing demand for lithium-ion battery
220.127.116.11 Stringent government regulations
18.104.22.168 Impact analysis of restraints on market forecast
22.214.171.124 Growing inclination towards renewable sources
4.4 Technology Dynamics
4.4.1 Patent Analysis
4.4.2 Technology Shifts
Chapter 5. Global Market Size and Forecast
5.1 By Construction
5.2 By Type
5.3 By Application
5.3.1 Lead-Acid Battery Market for Automotive Application, by Type
5.4 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 Market Share Analysis of Key Players
11.2 Competitive Benchmarking of Key Players
11.3 Global Strategic Developments of Key Players
11.3.1 Product Launch
11.3.2 Geographic Expansion
11.3.3 Facility Expansions
11.3.4 Mergers and Acquisitions
Chapter 12. Company Profiles
- Johnson Controls International plc
- Exide Technologies
- Fujian Quanzhou Dahua Battery Co. Ltd.
- B.B. Battery Co. Ltd.
- Yokohama Industries Berhad
- GS Yuasa Corporation
- EnergySys Limited
- First National Battery Corporation
- Amara Raja Batteries Ltd.
- AC Delco Corporation
- Hitachi Chemical Energy Technology Co. Ltd.
- C&D Technologies Inc.
- ATLASBX Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/pgnqpc/global_70_bn?w=5
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