Lead Acid Battery Market Global Market- Overview
Globally, the lead acid battery is expected to have a significant growth over the forecast period. This is due to increasing demand for stationary lead acid battery in renewable energy generation power station. However, the lead acid battery market has been categorized based on construction, and product type. Surging rise for flooded batteries in marine applications associated with high effective power output is presumed to increase the demand over the forecast period. Further, the marine industry is expanding its reach in North America and Europe region. The expansion is due to increase in number of commercial sector which includes, trade, coast guard securities, and other leisure activities. Additionally, increase in number of memorandum of understanding (MoUs) between advanced economies such as U.S., Germany and emerging economies such as India, to boost automotive market is considered as one of the growing factors for the lead acid battery market. On the flip side, high lead content in the product is expected to hamper the environment which is presumed to be a restraining for the market growth.
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August 2017, C& D technologies, based in Blue Bell, Pennsylvania, one of the leading manufacturers, engineers, Suppliers and Services for utility, telecommunications, uninterruptible power supply, cable, broadband and renewable energy markets has been acquired by KPS Capital Partners, which is an investing firms. By this partnership, C&D technologies will be able to invest in advancing their plants and a range of growth initiatives that will benefit customers.
January 2018, GS Yuasa Corporation, Japan based one of the leading lead acid automobile and motorcycle batteries manufacturers, has declared that their lithium-ion batteries have been implemented by Epsilon-3 Launch Vehicle.
March 2017, Crown Battery, one of the leading manufacturer of advanced technology, has completed the acquisition of Industrial Power Source (IPS), Inc. IPS, which is an innovative distributor and servicer of industrial batteries and chargers for lift truck dealers and end-users of electric material handling equipment. By the acquisition, the company would be integrating the products, service and support to become one of the SoCal’s pioneer motive power companies.
Some of the prominent players in the global Lead Acid Battery Market: Johnson Controls (U.S), ATLASBX Co. Ltd. (South Korea), Exide Technologies (U.S.), East Penn Manufacturing Co. (U.S.), NorthStar (Sweden), Crown Battery Manufacturing (U.S.), C&D Technologies, Inc. (U.S.), GS Yuasa Corp (Japan), Narada Power Source Co., Ltd. (China) and Leoch International Technology Ltd. (China) and others.
Lead Acid Battery Market Global Market – Segmentation
- Segmentation by Product Type: stationary, motive, and (Starting, Lighting, and Ignition) SLI
- Segmentation by Construction comprises VRLA (valve-regulated lead-acid), Sealed, and flooded.
- Segmentation by End-user: Industrial, Residential, Commercial, Automotive, Telecommunication, Transportation, Oil & Gas, Electronics, and Others.
- Segmentation by Applications: Automotive, UPS, Telecommunication, Electric bikes, Transport vehicles, and Others.
- Segmentation by Region: North America, Europe, Asia Pacific, and the Rest of the World.
Lead Acid Battery Market Global Market – Regional Analysis
The market is observed for North America, Europe, Asia Pacific and rest of the world. Asia Pacific is expected to hold maximum share through the forecast period and is expected to dominate the global Lead Acid Battery market. China, Taiwan, South Korea, Japan, India are the leading countries in the region. This is attributed to increase in demand for automotive sector which eventually increase demand for lead acid batteries. Furthermore, North America is anticipated to have a substantial growth region. The U.S and Canada are leading countries in the region. Surging demand for uninterrupted power supply, rising automotive sales, and sophisticated maintenance-free feature of VRLA that boosts the demand for telecom installations are the driving factors for the lead acid battery market.
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