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Lead Acid Battery Market Analysis 2023-2028 Industry Size, Share, Trends and Forecast

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IMARC Group, a leading market research company, has recently released the report titled “Lead acid battery market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global lead acid battery market share, size, trends and growth forecasts. The report also includes competitive and regional analysis and highlights the latest developments in the market.

Report Highlights

How big is the lead acid battery market?

Report Attributes The details
Market size in 2022 33 billion dollars
Market forecast to 2028 41.5 billion dollars
Growth rate (2023-2028) CAGR of 4%
Base year of analysis 2022
Forecast period 2023-2028

What is a lead acid battery?

Lead acid batteries are rechargeable batteries that use sponge lead and lead peroxide to convert chemical energy into electricity. They include negative electrodes attached to a metallic lead grid and positive electrodes of lead oxides of various compositions. They also contain doping agents, such as selenium, cadmium and arsenic, to lower impurity concentrations. They are maintained by applying a saturated charge for several hours to properly retain the lead acid. They are easy to manufacture, capable of high discharge rates and very reliable. They provide stable power backup for electronic devices and are cost effective and readily available. Lead acid batteries can operate efficiently in both high and low temperatures while maintaining their charge. They provide power sources for starting, lighting and ignition (SLI) for electric vehicles (EVs), motorcycles and micro-hybrid cars. They are also used to provide continuous power supply to golf carts and wheelchairs. Lead acid batteries help provide power backups for cell phone repeater towers, Internet hubs, and various marine vessels. As lead acid batteries are very durable, they are widely used in the hospitality, healthcare, data center, telecommunications, oil and gas, mining, chemical, pharmaceutical and food and beverage (F&B) industries.

Request a free sample copy of this report: https://www.imarcgroup.com/lead-acid-battery-market/requestsample

What are the growth prospects and trends in lead acid battery

industry?

The increasing adoption of enhanced connectivity systems to enhance the functionality, reliability and security of devices, along with the evolving telecommunication industry, represents one of the key factors driving the market. In addition, there is an increase in the use of battery powered cars and electric bicycles worldwide as they are durable, energy efficient and environmentally friendly. This, along with increasing environmental awareness among the masses, is fueling the growth of the market. In addition, increasing demand for lead acid batteries in railways for lighting and air conditioning of coaches is contributing to the growth of the market. In addition, the growing number of data centers to overcome data complexity, along with the growing need for uninterruptible power supply systems (UPS) in data centers worldwide, is providing a picture of favorable market. Moreover, the growing demand for lead-acid batteries for driving diesel-electric and nuclear submarines and marine vessels is positively impacting the market. In addition, major market players are investing extensively in research and development (R&D) activities to introduce improved quality lead acid batteries with increased charging capacity. They are also focusing on mergers and acquisitions (M&A) to build new manufacturing plants and increase sales of their products, which is expected to drive market growth.

What is involved in market segmentation?

The report has segmented the market into the following categories:

Division by product:

Division by construction method:

  • Flooded
  • Valve Regulated Sealed Lead-Acid (VRLA) Battery

Distribution by sales channel:

Breakdown by Application:

  • automotive
  • UPS
  • Telecom
  • Others

Distribution by geography:

  • North America (USA and Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia and others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia and others)
  • Latin America (Brazil, Mexico)
  • Middle East and Africa

Who are the major players operating in the industry?

The report covers key market players including:

  • C&D Technologies Inc.
  • Clarios International Inc.
  • East Penn Manufacturing Co.
  • EnerSys (NYSE: ENS)
  • Exide Industries Limited (NSE: EXIDEIND)
  • GS Yuasa Corporation (TYO: 6674)
  • HBL Power Systems Limited
  • HOPPECKE Batteries GmbH & Co. KG
  • Leoch International Technology Limited
  • Panasonic Holdings Corporation
  • Teledyne Technologies Incorporated

Ask the Analyst for customization and browse the full report with TOC and list of figures: https://www.imarcgroup.com/lead-acid-battery-market

If you require any specific information that is not currently covered within the scope of the report, we will provide the same as a part of the customization.

around us

IMARC Group is a leading market research company providing management strategy and market research worldwide. We partner with clients across sectors and regions to identify their highest value opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include key market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and new processing methods are at the forefront of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium-sized businesses to Fortune 1000 corporations.

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