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Lead Acid Battery Market | Industry Analysis, Size, Share, Trends, Growth and Forecast 2024

Author : Rahul Sankrityayan | Published Date : 2019-11-07 

Lead Acid Battery Market report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied.

Owing to the tremendous growth of the transportation sector, the lead acid battery market has continued to gain a remarkable traction despite the technology being in existence for more than 150 years. With advancements in the packaging of batteries and their construction, the durability and storage capacities have been consistently improved which in turn have presented opportunities for numerous beneficial uses. The application scope for the lead acid battery industry is vastly extended in to the automobile segment, from allowing the most basic features like lighting and engine start/ stop function to powering the entertainment system and a host of inbuilt luxury facilities. These batteries also enable commercial and heavy gross weight vehicles to perform industrial tasks such as operating lifts for loading or unloading goods.

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With the ability to provide continuous power in locomotives and submarines, the growing investments in public transport vehicles and defense infrastructure has considerably increased the production of enhanced motive batteries, boosting the lead acid battery industry. However, it must be noted that lead acid batteries are also being increasingly utilized in few other emerging sectors, particularly in the renewable energy domain. As of now, the storage of energy obtained from renewable sources like wind and solar have demonstrated a highly lucrative future for the lead acid battery market. Stationary lead acid batteries are suitable for installations in offshore and onshore platforms to store, supply and direct electric power when required.

Elaborating further, the new hybrid battery packs based on Furukawa Battery’s UltraBattery® (UB) technology, represent a big step towards aligning the lead acid battery market with worldwide shift in energy generation trends.  EMP has committed to making the UB-50-12 VRLA batteries the standard solution for its Aquarius Marine Solar Power project and will even offer them as stand-alone configurations to other companies. Similarly, other companies are launching VRLA batteries for renewable energy firms and delivering a number of options depending on the storage requirements. Hitachi Chemical Co Ltd, for instance, offers VRLA batteries appropriate for power storage and compensation use on wind, solar and any other renewable energy plants, invariably minimizing power wastage and reducing CO2 emissions.

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Partial Table of Contents (ToC) of the report:

Chapter 4    Lead Acid Battery Market, By Application

4.1    Lead acid battery market share by capacity, 2017 & 2024

4.2    Stationary

4.2.1    Global market from stationary, 2013 – 2024

4.2.2    Global market from stationary, by region, 2013 - 2024

4.2.3    Telecommunications

4.2.3.1    Global market from telecommunications, 2013 – 2024

4.2.3.2    Global market from telecommunications, by region, 2013 - 2024

4.2.4    UPS

4.2.4.1    Global market from UPS, 2013 – 2024

4.2.4.2    Global market from UPS, by region, 2013 - 2024

4.2.5    Control & Switchgear

4.2.5.1    Global market from control & switchgear, 2013 – 2024

4.2.5.2    Global market from control & switchgear, by region, 2013 - 2024

4.2.6    Others

4.2.6.1    Global market from others, 2013 – 2024

4.2.6.2    Global market from others, by region, 2013 - 2024

4.3    Motive

4.3.1    Global market from motive, 2013 – 2024

4.3.2    Global market from motive, by region, 2013 - 2024

4.4    SLI

4.4.1    Global market from SLI, 2013 – 2024

4.4.2    Global market from SLI, by region, 2013 - 2024

4.4.3    Automobiles

4.4.3.1    Global market from automobiles, 2013 – 2024

4.4.3.2    Global market from automobiles, by region, 2013 - 2024

4.4.4    Motorcycles

4.4.4.1    Global market from motorcycles, 2013 – 2024

4.4.4.2    Global market from motorcycles, by region, 2013 - 2024

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

Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/lead-acid-battery-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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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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