Lead Acid Battery Market Share, Trends, Opportunities and Leading Players 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. These batteries provide voltage supply to vehicle accessories such as radio, music players, air conditioners, wipers and charging plugs. 
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 for electrical installations, submarines, high current drain applications and sealed battery types available for use in portable equipment.

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.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. 

Access Report Summary At ::   https://www.psmarketresearch.com/market-analysis/lead-acid-battery-market

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.
Market Segmentation
By Product
  • Starting, lighting and ignition (SLI)
  • Stationary
  • Motive 
By Construction Method
  • Flooded
  • Valve Regulated Lead Acid Battery (VRLA)
By Application
  • Automotive 
  • Uninterrupted Power Supply (UPS)
  • Telecommunication
  • Electric bikes
  • Transport vehicles
  • Others
By Region
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Italy
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Rest of Asia-Pacific
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • South Africa
    • UAE
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