Global Lead Acid Battery Market to 2023: The Adoption of Li-ion Batteries in the Automobile Industry is Depleting Market Growth - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 8, 2018--The “Global Lead Acid Battery Market - by Type, Product, Industry, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)” report has been added to ResearchAndMarkets.com’s offering.
The global lead acid battery market will reach 72.55 billion USD by 2023 from 56.26 billion USD in 2017 with a CAGR of 4.33% during the forecasting period.
Demand for passenger vehicles is increasing enormously which in turn increased the demand for lead acid batteries. Increasing requirement of UPS appliances in various sectors has driven the growth of the market. However, the adoption of Li-ion batteries in automobile industry due to poor performance of lead acid batteries restrains the growth of the market.
Asia-Pacific will hold prominent share in the market owing to increasing usage of lead acid batteries in UPS applications, which are low cost and reliable. Europe is a key region of the lead acid battery market due to the ongoing developments, research and investments for off-shore in on-shore renewable energy generation activities. North America will have slow increment in demand during the period due to adoption of other alternatives for lead acid batteries.
Industry Trends and UpdatesGravita India company signed a contract with Amara Raja Batteries for lead acid battery scrap collection and recycling arrangements.
Companies ProfiledExide Atlasbx EnerSys Johnson Controls GS Yuasa East Penn NorthStar Trojan Battery Crown Battery C&D Technologies Fiamm Energy HBL Power First National Amar Raja Hoppecke and more...
Key Topics Covered
1. Research Methodology
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Global Lead Acid Battery Market Segmentation, Forecasts and Trends - by Type
6. Global Lead Acid Battery Market Segmentation, Forecasts and Trends - by Product
7. Global Lead Acid Battery Market Segmentation, Forecasts and Trends - by Industry
8. Global Lead Acid Battery Market Segmentation, Forecasts and Trends - by Region
9. Company Market Share Analysis
10. Company Profiles
11. Industry Structure
12. Global Lead Acid Battery Market - The Road Ahead
For more information about this report visit https://www.researchandmarkets.com/research/clbk2p/global_lead_acid?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181008005479/en/
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Related Topics:Battery Technology
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SOURCE: Research and Markets
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PUB: 10/08/2018 09:48 AM/DISC: 10/08/2018 09:48 AM