Lead Acid Battery Market Increasing at A Phenomenal Pace to Reach USD 61.9 Billion by 2028

07-Sep-2021 | Zion Market Research

Some of key players in Lead Acid Battery market are Clarios, Exide Industries Limited, Leoch, Shangdong ,C&D Technologies, GS Yuasa East, Penn Zibo, Furukawa Crown Battery, B.B. Battery, HOPPECKE, First National Battery, Koyo Battery, Middle East Battery and Enersys among others. These players are set to bolster the development of Lead Acid Battery market.

According to analysts at Zion Market Research, the Lead Acid Battery market accounted for USD 43.4 Billion in 2020 and is expected to reach USD 61.9 Billion by 2028, growing at a CAGR of more than 4.5% from 2021 to 2028.

This review is based on a report by Zion Market Research, titled “Lead Acid Battery Market by Technology (Basic Lead Acid Battery, Advanced Lead Acid Battery), By Type (Stationary, Motive), By End Use Industry (Utility, Transportation, Industrial, Commercial and Residential, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”

Growing demand for Automobiles To Spur Growth

Growing demand for automobiles has augmented the lead acid battery market forecasts over the last few years. These batteries hold a dominating position across the conventional automobile industry along with other applications including micro hybrid systems and vehicles with start-stop functionality, which in turn will drive the product penetration. Lead acid battery is witnessing a cyclical demand growth owing to the superior cranking power and soaring demand for advanced vehicle technologies. Customers across the globe are gaining more interest in power sports, which in turn is further boosting the market statistics for these units globally.

Improvement in the transportation business, alongside an expansion in energy storing application is projected to drive industry interest in the impending future. Rapid development of the business vehicle, cruiser, and traveller vehicles, and industrial ventures is additionally projected to drive the item interest. Developing interest for UPS in different areas, such as banking, oil and gas, medical services, and synthetic substances is emphatically driving the interest.

Presence of Big Players in The Region Support North America Dominance

Major regions including North America & Europe face harsh climatic conditions in winter seasons, which fuel the requirement for a power delivery system that offers high cranking performance. Low cost and operational reliability are few of the prominent factors augmenting the adoption of lead acid battery over the other available alternatives. Moreover, growing adoption of start stop technology across conventional vehicles in order to comply with the fuel efficiency standards will enhance the market trends of these units across SLI applications.

Browse the full Lead Acid Battery Market By Technology (Basic Lead Acid Battery, Advanced Lead Acid Battery), By Type (Stationary, Motive), By End Use Industry (Utility, Transportation, Industrial, Commercial And Residential, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/lead-acid-battery-market

The Lead Acid Battery market is segmented as follows:

By Technology

  • Basic Lead Acid Battery
  • Advanced Lead Acid Battery

By Type

  • Stationary
  • Motive

By End Use Industry

  • Commercial
  • Utility
  • Transportation
  • Manufacturing
  • Residential
  • Industrial
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com

Office Address

Corporate Office

Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +1 (844) 845-52454
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #

US OFFICE NO +1 (844) 845-52454
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social