Lead-acid Battery Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Anode, cathode, and electrolyte are the three main components of a lead cell; anode is the negative terminal, cathode is the positive terminal, and electrolyte joins both terminals to drive an electrochemical reaction that produces electricity. A lead-acid battery is made up of a sponge metallic lead anode, a lead-dioxide cathode, and a sulphuric acid solution electrolyte. It is the first battery to be used in a commercial setting. Although it contains dangerous lead, it is recyclable.

MARKET DYNAMICS 

The lead-acid battery market is rapidly expanding around the world, with a CAGR of 5.2 percent expected during the projected period. Growing SLI applications in the automobile sector, increase in renewable energy output, and rising demand for energy storage devices are some of the causes driving up demand for lead-acid batteries. However, increased use and popularity of lithium-ion batteries stifles industry growth significantly.

MARKET SCOPE

The "Global Lead-acid Battery Market Analysis To 2031" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The lead-acid battery market report aims to provide an overview of the lead-acid battery market with detailed market segmentation by product, construction method, application, and geography. The global lead-acid battery market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading lead-acid battery market player and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global lead-acid battery market is segmented based on fuel by product, construction method, application. Based on product, the lead-acid battery market is segmented into SLI, stationary, motive. Based on construction method, the lead-acid battery market is segmented into flooded, VRLA. Based on application, the lead-acid battery market is segmented into residential, commercial, and industrial. 

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global lead-acid battery market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The lead-acid battery market by each region is later sub-segmented by respective countries and segments. The lead-acid battery market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the lead-acid battery market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the lead-acid battery market in these regions.

IMPACT OF COVID-19 ON LEAD-ACID BATTERY MARKET

The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global lead-acid battery market. The supply chain disruptions influenced the declined in investment and procurement of lead-acid batteries from the end-users. Similarly, the stringent lockdown conditions across the globe also negatively impacted the manufacturing of lead-acid batteries thereby adversely impacting the growth of the market. 

MARKET PLAYERS

The reports cover key developments in the lead-acid battery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from lead-acid battery market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the lead-acid battery market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the lead-acid battery market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• C&D Technologies Inc.
• East Penn Manufacturing Company
• Enersys
• Exide Industries Limited
• GS Yuasa Corporation
• Hankook AtlasBX Co. Ltd.
• HBL Power Systems Ltd.
• Hitachi Chemical Co. Ltd.
• Teledyne Technologies Inc.
• Clarios

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study" 

Lead-acid Battery Report Scope