Market Overview and Insights
The global Lead-Acid Batteries Market was valued at 5875.55 Million USD in 2022 and will grow with a CAGR of 6.03% from 2022 to 2028, based on Stats and Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
At present, some of the key players in global Lead Acid Battery market include Johnson Controls, Exide Technologies, CSB Battery, GS Yuasa Corporate, Enersys, EAST PENN Manufacturing, FIAMM, Chaowei Power, Tianneng Power, Camel, Fengfan, Leoch, Narada Power, Exide Industries Limited, etc.
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Market Segments
- By Product:
- SLI (Starting, Lighting, and Ignition): Dominates the market due to its extensive use in automotive applications.
- Motive
- Stationary
- By Construction Method:
- Flooded
- Valve Regulated Sealed Lead–Acid (VRLA)
- By Application:
- Automotive
- UPS
- Telecom
- Others
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Regional Analysis
- Asia-Pacific: This region holds the largest market share, with countries like China, India, Japan, South Korea, and Australia being significant contributors.The growth is attributed to high automobile production and sales, rapid industrialization, population growth, and increasing demand for uninterruptible power supply (UPS) systems.
- North America and Europe: These regions are expected to experience growth due to government regulations regarding battery disposal, which encourage recycling and reduce manufacturing.
Market Outlook
The lead-acid battery market is expected to continue its growth trajectory, driven by the increasing demand for cost-effective power backup systems, the rise of data centers, and the expansion of the telecommunication industry.Technological advancements, such as the development of Absorbent Glass Mat (AGM) and Gel VRLA batteries, are enhancing performance and extending battery life, making them more competitive in various applications.
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