Thursday, March 28, 2024

Email id: support@kenresearch.com, Contact Us : +91-9871552944

Home Energy and Utilities Growth in Deployment of Micro-Grids Expected to Drive Global Lead Acid Batteries...

Growth in Deployment of Micro-Grids Expected to Drive Global Lead Acid Batteries Market: Ken Research

Lead acid battery is the oldest sort of battery-powered battery, with an extremely low energy-to-weight ratio & a low energy-to-volume ratio. Its capacity to supply high surge currents implies that the cells have a generally large power-to-weight ratio. Lead-acid batteries are extensively used in many applications including motive, automotive and stationary applications. They are broadly used owing to cranking property of the battery that offers the power with short span. Nowadays, lead acid batteries are also used for diverse applications in various end-use industries such as telecommunication and uninterruptible power supply (UPS). These batteries are generally segmented into wet cells or flooded batteries and Sealed Acid Batteries (SLA). Among these, the flooded cells segment is expected to witness higher growth rate due to least cost per amp-hour make and cost-efficient solution that makes these flooded cells useful in igniting & lighting in the automotive industry.

Referring to the study, “Lead Acid Batteries Global Market Report 2020-30: Covid 19 Impact and Recovery” some of the major organizations that are currently working in the global lead acid batteries market include EnerSys; Exide Industries; GS Yuasa; Chaowei Power; Crown Battery; NorthStar; Hitachi Chemical; Narada Power; Panasonic; Camel Power; HBL Power Systems; Exide Technologies; Teledyne Technologies; HOPPECKE; C&D Technologies; East Penn; Hankook AltasBX; Rolls Battery; Johnson controls; Yokohama Industries; Clarios; XUPAI Battery; Okaya Power; First National Battery; Leoch International Technology; Harbin Coslight Power; Exide technologies; Enersys; Amara Raja Power System

On the basis of battery type, lead acid batteries market is defined by motive and stationary. Additionally, on the basis of end-user, market is defined by industrial, residential, commercial and transportation.

The lead acid batteries market is driven by surge in research & development (R&D) activities in the automotive lead-acid battery industry, followed by rise in demand for uninterruptible power source (UPS) systems & vehicles, growth in deployment of micro-grids, growth in construction of data centers, execution of hybrid power systems in telecom towers, increase in government initiatives for electric vehicles and surge in demand from the automotive, power, telecom, and healthcare industries in emerging economies. However, strict lead emission standards may impact the market. Moreover, growth in applications in a vehicles & technological advancements in lead acid battery is a key opportunity for market. Furthermore, rise in legislative support for battery recycling is a major trend for market.

Based on regional analysis, the Asia-Pacific region holds major share in global lead acid batteries market due to development of e-mobility projects in most major nations, large gap in supply-production of electricity, continuous increase in demand for a reliable source of energy and lack of grid infrastructure across the region. The Europe and North-America regions are likely to witness higher CAGR owing to rise in need for alternative energy source over the forecast period. It is anticipated that future of the global lead acid batteries market will be optimistic because of growth in adoption of lead-acid batteries in electric vehicles coupled with increase in government initiatives to promote the electric vehicles during the forecast period.

For More Information, Click on the Link Below:-

Global Lead Acid Batteries Industry

Related Reports:-

Global Lead-Acid Battery (Lead-Acid Batteries) Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Global Lead-Acid Battery (Lead-Acid Batteries) Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

RELATED ARTICLES

Driving Forces and Future Outlook of the US Dry Type Transformer Market

Buy Now What is the Size of US Dry Type Transformer Industry? US Dry Type Transformer Market is expected to grow at a CAGR of ~%...

How Hitachi’s new technology will dominate the US dry type transformers market

Buy Now One of the leading players in transformer industry is Hitachi, which has been coming up with various new technological innovations with dry type...

US Dry type transformers Market expected to grow with CAGR of ~2% by 2028

Buy Now Dry type transformers are the trending transformers, which are hyping in the market, as they do not require cooling since their windings are...

Most Popular

From Humble Beginnings to a $52 Billion Boom: Unveil Opportunities in India’s Booming Interior Design Market

India's interior designing market is witnessing a remarkable transformation, driven by various factors. This blog delves into the market size, growth projections, key trends,...

Smartphone Industry Insights: Navigating Growth, Trends, and Opportunities

The smartphone industry is a juggernaut, weaving itself into the fabric of our daily lives. From communication to commerce and entertainment, these pocket-sized powerhouses...

Theme Park Boom: Market Size, Trends & Top Players Shaping the Thrilling Future

The theme park industry isn't just about roller coasters and cotton candy anymore. It's a multi-billion dollar global phenomenon, offering immersive experiences that cater...

The Analysis on Global Capital Market, Industry and Report

The world of finance can be a complex labyrinth, especially when terms like "global capital markets" and "investment banking" get thrown around. While they're...