PUBLISHER: Value Market Research | PRODUCT CODE: 1264195
PUBLISHER: Value Market Research | PRODUCT CODE: 1264195
The global demand for Automotive Lead Acid Battery Market is presumed to reach the market size of nearly USD 35.34 MN by 2030 from USD 21.81 MN in 2022 with a CAGR of 6.22% under the study period 2023 - 2030.
Automotive Lead-acid batteries store electricity and can be used in an emergency or when a power supply is unavailable. Lead plates and lead oxide are soaked in a sulphuric acid solution to form a lead-acid battery. These batteries are used for automobiles' starting, lighting, and ignition (SLI). During the discharge cycle, it converts chemical energy into electrical power. It also powers air conditioners, radios, music players, wipers, and charging plugs. Automobiles employ a variety of lead-acid batteries. Flooded lead-acid batteries have free electrolytes that move about the battery encasement when arrested, and the acid and lead plates react to electricity. In terms of value, flooded lead-acid batteries are less expensive than VRLA batteries and are suitable for traction, starting, lighting, and ignition (SLI). These batteries are lightweight and compact, making them strong competitors in the market for battery energy storage.
Demand for automotive lead-acid batteries is being driven by electric vehicles, hybrid vehicles, light motor vehicles, and heavy motor vehicles, and rising population. In addition, increasing disposable income, rising government subsidiaries, stringent pollution emission regulations, advancing cost-competitive energy storage solutions, increasing rapid technological advancements, and expansion in the telecommunications sector are further supplementing market development. The new developments in the electric car industry provide a chance for the automotive lead-acid battery market to expand. The market is predicted to grow due to increased vehicle production, improved and maintenance-free batteries, and electronic applications in vehicles. Furthermore, the automotive lead-acid battery industry benefits from the rising demand for electric cars and stringent government regulations on fuel pollution. Compared to lithium-ion batteries, automotive lead-acid batteries are also easily recyclable, one of the fundamental forces propelling the automotive lead-acid batteries business.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive lead acid battery. The growth and trends of automotive lead acid battery industry provide a holistic approach to this study.
This section of the automotive lead acid battery market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Automotive Lead Acid Battery market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive lead acid battery market include Johnson Controls Inc. (U.S.), G.S.Yuasa Corporation (Japan), Exide Technologies Inc. (U.S.), and EnerSys Inc. (U.S.). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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