The Global Lead-acid market expected to grow at a significant CAGR by 2027 due to increased demand for renewable energy, grid-connected power generation, and expansion of data centers is promoting the steady growth of the lead-acid battery market.
Additionally, lead-acid batteries have the widest range of uses, especially in start-up and large-scale energy storage like data centers, automotive, and communication sectors. Moreover, lead-acid batteries are low in price, have comparative advantages such as mature technology, excellent high and low-temperature performance, stability and reliability, high safety, and excellent resource reusability that provides a competitive edge to lead-acid battery market.
Furthermore, compared with other battery metal materials, lead resources are relatively abundant as the lead-acid battery has a more 90% rate of recycling. Therefore, lead reserves and recycled lead have relatively long durability to ensure the sustainable development of the lead-acid battery. Therefore, a large number of used lead-acid batteries will not cause a shortage of lead resources for a long time.
Types Overview in the Global Lead-acid Battery Market
Based on type, the global Lead-acid Battery market segmented into Basic and Advance lead-acid battery. The advanced lead-acid battery is expected to dominate the market share in the forecast period. Owing to, faster charging, longer battery life, cost-effective and efficiently operates at low and high temperatures, and does not require active cooling. Whereas it is difficult to achieve the same task with conventional lead-acid batteries.
Category Overview in the Global Lead-acid Battery market
Based on Type, the global Lead-acid Battery market classified into stationary and motive. The motive lead-acid battery is expected to increase the market share in the forecast period. Due to its extensive use in numerous sector such as automotive, communication, data centers to regulate the deep discharge and provide steady current in short span time. Therefore, motive lead acid battery have higher demand than stationary lead acid battery market.
Construction methods Overview in the global Lead-acid Battery Market
Based on construction methods, the global Lead-acid Battery market bifurcated into Flooded and Value Regulated Lead-acid. VRLA expected to increase the demand for the lead-acid battery in the future. VRLA has adsorbent glass material, and silica gel owing to its, long battery life and require less maintenance comparatively with flooded construction method.
End-users Overview in the global Lead-acid Battery Market
Based on end-users, the global lead-acid battery classified into industrial, Utility, Transportation, Commercial, and Residential. The transportation sector is expected to dominate the market in the forecast period. Due to increasing environmental concerns and government regulation over less carbon emission vehicles, lead-acid batteries provide long battery life in the automotive sector and do not require to recharge in a short period.
Region Overview in the global Lead-acid Battery Market
Based on geography, the global Lead-acid Battery market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific has captured the largest share among other regions. Owing to industrialization and increasing data centers with a large manufacturing base in this region, energy consumption has also increased. Therefore, the lead-acid battery is expected to witness substantial growth in the forecast period.
Global Lead-acid Battery Market: Competitive Landscape
Companies such as EnerSys, Exide Industries, GS Yuasa, Clarios, Panasonic, Chaowei Power, Narada Power, HBL Power Systems, Crown Battery, NorthStar, Hitachi Chemical, Exide Technologies, Teledyne Technologies, East Penn, Hankook AltasBX, HOPPECKE , C&D Technologies, Rolls Battery, Camel Power, Amara Raja Power System, Xupai Battery, Okaya Power, Leoch International Technology, Harbin Coslight Power and First National Battery and others are the prominent key players in the global lead-acid battery market.
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