Advanced Lead Acid Battery Market worth $30.7 billion by 2027
The report "Advanced Lead Acid Battery Market by Type (Stationary, Motive), Construction Method (Flooded, VRLA), End-User (Utilities, Transportation, Industrial, Commercial & Residential) and Region (North America, APAC, Europe, RoW) - Global Forecast to 2027", is estimated to grow from USD 22.7 billion in 2022 to USD 30.7 billion by 2027, at a CAGR of 6.3% during the forecast period. Expanding data centres and the growing telecom sector is expected to drive the advanced lead acid battery market. PDF Download: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=152918101 Browse 150 market data Tables and 40 Figures spread through 160 Pages and in-depth TOC on "Advanced Lead Acid Battery Market” View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/advancedlead-acid-battery-market-152918101.html The motive segment is expected to hold the largest share of the advanced lead-acid battery market, during the forecast period The motive segment is expected to lead the advanced lead acid battery market during the forecast period by value. Motive batteries, also known as traction power batteries, supply electric power mainly for transport vehicles. These battery systems are primarily designed to have a greater ability to be extensively deep-cycled while still preserving and maintaining a long lifetime which drives the demand for this segment. The VRLA segment, by construction method, is expected to account for the largest share during the forecast period Based on construction method, the advanced lead acid battery market is classified into flooded and VRLA (Valve Regulated Lead Acid battery) batteries. The VRLA (Valve Regulated Lead Acid battery) segment is expected to account for the largest share during the forecast period by value. These VRLA batteries use comparatively less electrolyte (sulfuric acid) than contemporary lead acid batteries and are majorly used in the automotive sector, which is likely to drive the market for this segment in the future. Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=152918101 Among end-user, transportation is the largest segment in the advanced lead acid battery market The transportation segment is expected to lead the advanced lead acid battery market during the forecast period by value. Lead acid batteries are easily recyclable and can be used in abundance in passenger cars, light commercial cars, heavy commercial vehicles, forklifts, and aviation. These batteries are low cost and readily available—these factors make it an efficient option for the transportation sector, which is capital-intensive and looking to reduce costs, fueling the demand for advanced lead acid batteries Asia Pacific region is expected to be the largest advanced lead acid battery market Asia Pacific is expected to lead the advanced lead acid battery market during the forecast period by value. This demand can be attributed to the high growth in emerging economies of the region that has made Asia Pacific a lucrative market for the manufacturers of advanced lead acid batteries. China is one of the largest countries in the Asian advanced lead acid battery market. It continues to be the world’s largest vehicles market in terms of annual sales and manufacturing output, according to the International Trade Administration. In the wake of the COVID-19 pandemic, the Chinese government has taken various steps to support automobile consumption. Thus, growth in the automotive sector will enhance the consumption of the advanced lead acid battery market in the region. Some of the leading players in this market include Enersys (US), Exide Industries Ltd. (India), GS Yuasa International Ltd. (Japan), Clarios (US), and Leoch International Technology Limited Inc (China) among others.
Get 10% Free Customization on this Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=152918101 Browse Adjacent Market: Equipment Machine and Tooling Market Research Reports & consulting Related Reports: Industrial Batteries Market by Type (Lead-Acid, Nickel-Based, Lithium-Based), End-user Industry (Telecom & Data Communication, Uninterruptible Power Supply (UPS)/Backup, Industrial Equipment, Grid-Level Energy Storage), and Region - Global Forecast to 2021 https://www.marketsandmarkets.com/Market-Reports/industrial-batteries-market-36754108.html About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Roads Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com/ Content Source: https://www.marketsandmarkets.com/PressReleases/advanced-lead-acid-battery.asp Research Insight: https://www.marketsandmarkets.com/ResearchInsight/advanced-lead-acid-batterymarket.asp