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Lead Acid Battery Market Regional Trend | Growth Projections to 2024

Author : Rahul Sankrityayan | Published Date : 2019-08-02 

The U.S. lead acid market will witness robust growth on account of growing demand for reliable backup power across critical operations including safety appliances and communications. Furthermore, the expanding datacenter infrastructure and critical data storage will accelerate the product deployment. For instance, Apple, in January 2018, announced to invest a sum of USD 10 billion in next five years toward the enhancement of its U.S. datacenter capex.

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Lead Acid Battery Market is set to exceed USD 75 Billion by 2024. Growing demand for backup power units driven by ongoing investments toward expansion of IT sector will drive the lead acid battery market. Increasing capital expenditure toward the expansion of data service industry along with growing capacity to handle projected data explosion will propel the industry landscape. As per CBRE in 2017, investments toward datacenter industry in the U.S. reached a record high of over USD 20 billion.

In 2017, Europe lead acid battery market surpassed annual shipments of 90 million units. Ongoing investments across renewable and green power generation and material handling equipment will drive industry growth. Lead storage batteries has served to attain the European Union's target to limit greenhouse emissions through its applications across renewable integration to the grid, start-stop functions in hybrid vehicles and regenerative braking.

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China lead acid market is anticipated to grow over 5% by 2024. The business growth is primarily attributed to the adoption of energy storage expansion policies and large domestic e-bike market. For instance, the government of China under its 2016-2020 Five Year Plan, promotes the adoption of distributed generation facilities, which will boost the product demand across the country. As per China Energy Storage Alliance, in 2016 lead-based batteries constituted over 69% of new installations across distributed generation and microgrid applications.

Global shift towards energy conservation coupled with growing measures to provide reliable and safe electricity will augment the power transformer market. Briskly expanding smart-grid networks along with energy efficiency measures will further stimulate the product demand. In 2017, France, Sweden, Italy, UK, and Germany proposed investments worth USD 133.7 billion, in compliance to the smart grid agreement, with an aim to sustain the rapidly increasing adoption smart grid networks across the region.

Ongoing investments toward replacement and upgradation of existing electricity infrastructure will drive the U.S. power transformer market. Under the peninsula electrification program, expeditious expansion of infrastructure projects will foster the product penetration. In 2017, regulators across the country proposed funding of around USD 100 million to enhance the electricity infrastructure across rail networks in California.

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SLI Lead acid market will witness strong growth on account of growing automobile sales across developing economies, driven by their strong economic growth and increased purchasing power. Growing adoption of advanced lead storage batteries across micro hybrid vehicles in order to minimize the emissions will further enhance the industry outlook. For instance, in 2017 as per the Battery Council International, lead storage batteries were being used in over 99% of the cars across Europe.

Eminent players operating across lead acid battery market include Mutlu, Fengfan, Hoppecke Batteries, Amara Raja, Leoch International Technologies, NorthStar Battery Company, Middle East Battery Company, Enersys, Furukawa Battery, East Penn Manufacturing, Johnson Controls amongst others.

Partial Table of Contents (ToC) of the report:

Chapter 5    Lead Acid Battery Market, By Construction

5.1    Lead acid battery market share by construction, 2017 & 2024

5.2    Flooded

5.2.1    Global market from flooded, 2013 – 2024

5.2.2    Global market from flooded, by region, 2013 - 2024

5.3    VRLA

5.3.1    Global market from VRLA, 2013 – 2024

5.3.2    Global market from VRLA, by region, 2013 - 2024

Chapter 6    Lead Acid Battery Market, By Sales Channel

6.1    Lead acid battery market share by sales channel, 2017 & 2024

6.2    OEM

6.2.1    Global market from OEM, 2013 – 2024

6.2.2    Global market from OEM, by region, 2013 - 2024

6.3    Aftermarket

6.3.1    Global market from aftermarket, 2013 – 2024

6.3.2    Global market from aftermarket, by region, 2013 - 2024

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Lithium Ion Battery Market Report, Competitive Analysis 2019-2025


About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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