The global lead acid battery market is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled “Lead Acid Battery Market Size, Share and Global Trend By Type (Flooded Lead Acid Batteries, Sealed Lead Acid Batteries), By End User (Automotive, Oil & Gas, Utilities, Telecommunications, Construction, Marine), By Application (Portable-Rechargeable, Stationary, Motive/Traction) and Geography Forecast till 2026”. The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period. It also offers an exclusive insight into various details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies.
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The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other lead acid battery market trends. The report is available for sale on the company website.
List of the companies functioning in the global market are:
- Luminous Power Technologies Pvt. Ltd.
- Trojan Battery Corporation
- Johnson Controls
- CSB Battery
- Amara Raja Batteries Ltd.
- East Penn Manufacturing
- Excide Industries Ltd.
- HBL Power Systems Ltd.
- North Star Battery
- Su-Kam Power Systems Ltd.
- Sebang Global Battery
- Okaya Power Pvt. Ltd.
“Surging Demand for Vehicles with High Fuel Efficiency to Boost Market”
The rise in the price of fuel worldwide and increasing restrictions imposed in the emission of carbon into the atmosphere is fueling the demand for vehicles that have high fuel efficiency. This leads to the demand for electrically chargeable vehicles with lead-acid batteries that will not only run with efficiency but also cause no harm to the environment in the form of harmful gas emissions. This is a major factor boosting the global market for a lead-acid battery.
Lead-acid batteries are comparatively more economical than lithium-ion type batteries and nickel-metal batteries, and this helps to increase its demand in the global market. The major trend recognized in the lead-acid battery market is the advancement in technology in the battery systems. This, accompanied by the switching preference to stationery lead-acid batteries in telecom industries from the conventional generators.
Another important factor boosting the lead-acid battery market is the rising demand for UPS systems and vehicles worldwide. The increasing demand from power, automotive, telecom, and healthcare industries in emerging economies is anticipated to augment the growth of the market in the forecast duration. In addition to providing energy to vehicles, lead-acid batteries also provide power to the vehicle accessories namely radio, air conditioners, wiper, and also charging plugs.
View press release for more information @ https://www.marketwatch.com/press-release/what-is-the-future-scope-of-lead-acid-battery-market-amidst-covid-19-2020-04-08
Regional Analysis for Lead Acid Battery Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Lead Acid Battery Market:
- Executive Summary
- Market Dynamics
- Key Lead Acid Battery Market Insights
- Global Market Analysis, Insights and Forecast, 2015-2026
- North America Market Analysis, Insights and Forecast, 2015-2026
- Europe Market Analysis, Insights and Forecast, 2015-2026
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
- The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
- Latin America Market Analysis, Insights and Forecast, 2015-2026
- Competitive Landscape
- Global Lead Acid Battery Market Revenue Share Analysis, By Key Players, 2020
- Company Profiles
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