Lead Acid Battery Market - Global Industry Analysis, Size and Forecast by 2023

Lead acid battery market includes rechargeable devices such as lead electrodes submerged in diluted sulfuric acid. It utilizes lead electrodes and sulphuric acid as electrolyte to store electrical energy. Lead acid battery is used for starting, lightning and ignition (SLI) purpose in automobiles.
Lead calcium batteries, lead antimony batteries, valve regulated lead acid batteries, Absorbed Glass Mat (AGM) Battery, Gel Cell, SLI Batteries, deep cycle batteries and advanced lead acid batteries are a few varieties of lead acid battery. These batteries find application in automotive and traction applications, standby/back-up/emergency power.
The global market for lead acid battery is estimated to grow during the forecast period (2017-2023) on account of the growing demand for stationary lead acid batteries in off-grid renewable energy generation. Increasing vehicle production coupled with rising adoption of vehicle electrification are anticipated to be the major factors that is expected to create vast opportunities for key players in automobile lead acid battery market. 
Implementation of smart grid projects, deployment of vehicle-charging infrastructure, increasing usage of hybrid and electric vehicles and increasing span of telecom towers are some of the factors expected to drive the global lead acid battery market.
f:id:deepakkumarwts:20180418201008p:plain
Moreover, increasing focus on absorbent glass mat (AGM) batteries is expected to propel the market growth for lead acid battery during the forecast period. AGM batteries are maintenance-free, more vibration resistant and has zero fume emissions. 
Key players in the global lead acid battery market include Johnson Controls Inc., GS Yuasa Corporation, Exide Technologies, EnerSys, C&D Technologies Inc., Amara Raja Batteries Limited, Eaglepicher Technologies, LLC, Axion Power International and East Penn Manufacturing.

Comments

Post a Comment

Popular posts from this blog

Composites Testing Market by Manufacturers, Regions, Type and Application Analysis Opportunities by 2023

Image
The global  composite testing market  is witnessing strong growth on account of growing usage of composites in aerospace and defense, transportation and wind energy industries, and strict composites testing standards.Composites are required to adhere to proprietary testing standards of the manufacturers and the strict composites testing standards to maintain durability and ensure safety. Request sample copy of report here :  https://www.psmarketresearch.com/market-analysis/composites-testing-market/report-sample The global composites testing market has been segmented by testing method, product type, application and region. On the basis of testing method, the market has been segmented into destructive and nondestructive testing methods. On the basis of product type, the global market has been segmented into continuous fiber composites, discontinuous fiber composites, polymer matrix composites and ceramic matrix composites. Based on application, the global compos...
Read more

Global Industrial Enzyme Market 2023 - Rising Awareness and Analysis

Image
Some of the drivers behind the growing demand of global industrial enzymes market include increase in demand of consumer goods, surge in demand for biofuel, increase research and development investment of industrial enzymes, and need of cost reduction and resource optimization in the production process of bakery products, animal feed, cleaning agents and others. Request sample copy of report here :   https://www.psmarketresearch.com/market-analysis/industrial-enzymes-market/report-sample Industrial enzymes can be used in several environmental friendly industrial purposes, as they are highly efficient, selective, accelerate and speed up reactions by forming transition state complex with their substrate, which reduces the activation energy of the reaction. The increased government initiatives and increasing pressure for environmental sustainability are the key drivers for the growth of the biofuel market. The rapid depletion of fossil fuels and global warming caused by their...
Read more

Global Advanced Material Market Analysis, Size, Application Analysis, Regional Outlook, Competitive Players by 2023

Image
The global  advanced material market  is driven worldwide by increasing numbers of end users and growing global shift towards new technology, while deft balancing between performance and cost. The opportunities witnessed in the global advanced material market include reasonable and environmentally proficient housing, information connectivity and communication, mobility, and increasing demand for health care. Request to Get the Sample Report:   https://www.psmarketresearch.com/market-analysis/advanced-material-market/report-sample The advance materials surpass conventional material with superior properties, such as weight, strength, durability and elasticity. Automobile sector is emphasizing on light weight and more energy efficient vehicles. In 2014, North America accounted for the largest share in the global advanced material market. The demand in the region is driven by the aerospace and automotive industries. The U.S. led the demand for advanced materi...
Read more