United States Lead Acid Battery Market By Type, By Application, Competition Forecast & Opportunities, 2013 – 2023
Published: June, 2018
MARKET INTELLIGENCE . CONSULTING
Ta b l e o f C o n t e n t s S. No.
Contents
1.
Product Overview
2.
Research Methodology
3.
Analyst View
4.
Voice of Customer
5.
4.1.
Lead Acid Battery Brands Used
4.2.
Factors Considered Before Purchase
4.3.
Brand Awareness
4.4.
Brand Satisfaction Level
United States Lead Acid Battery Market Outlook 5.1.
5.2.
5.3.
Market Size & Forecast 5.1.1.
By Value
5.1.2.
By Volume
Market Share & Forecast 5.2.1.
By Type (SLI, Stationary and Motive/Traction)
5.2.2.
By Application (Automotive, Electric Vehicles, UPS/ESS, Telecommunications and Others)
5.2.3.
By Region
5.2.4.
By Company
Market Attractiveness Index 5.3.1.
By Type
5.3.2.
By Application
5.3.3.
By Region Š TechSci Research
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Ta b l e o f C o n t e n t s S. No. 6.
Contents United States SLI Lead Acid Battery Market Outlook 6.1.
6.2.
7.
6.1.1.
By Value
6.1.2.
By Volume
Market Share & Forecast
6.2.1.
By Application
6.2.2.
By Region
6.2.3.
By Purpose (OEM Vs Replacement)
United States Stationary Lead Acid Battery Market Outlook 7.1.
7.2.
8.
Market Size & Forecast
Market Size & Forecast 7.1.1.
By Value
7.1.2.
By Volume
Market Share & Forecast 7.2.1.
By Application
7.2.2.
By Region
United States Motive/Traction Lead Acid Battery Market Outlook 8.1.
8.2.
Market Size & Forecast 8.1.1.
By Value
8.1.2.
By Volume
Market Share & Forecast 8.2.1.
By Application
8.2.2.
By Region Š TechSci Research
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Ta b l e o f C o n t e n t s S. No. 9. 10.
Contents Pricing Analysis Market Dynamics 10.1.
Drivers
10.2.
Challenges
11.
Market Trends & Developments
12.
Policy & Regulatory Landscape
13.
Trade Balance
14.
United States Economic Profile
15.
Competitive Landscape 15.1
Johnson Controls International PLC
15.2.
Enersys
15.3.
East Penn Manufacturing
15.4.
Bosch Group
15.5.
Trojan Battery Company
15.6.
Exide Technologies
15.7.
Spectrum Brand Holdings Inc.
15.8.
Hawker Power Source
15.9.
C&D Technologies Power Solutions
15.10.
NorthStar Battery Company
16.
Strategic Recommendations
17.
About Us & Disclaimer Š TechSci Research
4
Product Overview
•
Battery is a chargeable stationary or mobile energy storage device that converts chemical energy into electrical energy. Major application areas of batteries include automobile, telecom, renewable energy, etc., where direct grid connected power sources are unavailable for electricity generation. Batteries can further be classified into primary and secondary batteries.
•
Lead acid battery is a battery storage solution which was first developed in 1859. The essential material used in the manufacturing of lead acid batteries include:
➢ Lead Peroxide (PbO2), which serves as the positive plate ➢ Sponge Lead (Pb), which serves as the negative plate ➢ Dilute Sulfuric Acid
•
Generally, lead acid batteries have a low energy-to-weight ratio as well as low energy-to-volume ratio. However, these types of batteries have the ability to carry high surge currents. Additionally, lead acid batteries are low-cost batteries, making them ideal to be used in various types of products.
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5
Product Overview
Classification of Lead Acid Battery Lead Acid Battery
SLI Lead Acid Battery
These batteries are used in automobiles, and are
Stationary Lead Acid Battery
Motive/Traction Lead Acid Battery
They are typically used in
These batteries are used
stationary devices, and to
designed to be fully
to provide motive power
power a particular set-up,
charged before starting a
for electric vehicles.
facility or a device.
particular vehicle.
Application Application
•
Telecommunication
•
Passenger Vehicles
•
Commercial Vehicles
•
Solar Power Projects
•
Two-Wheelers, etc.
•
Energy
Towers Storage
Application •
Electric Cars
•
Electric Bikes
•
Electronic
Rickshaws,
etc.
Solutions •
UPS, etc.
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Research Methodology
Market Profiling In-depth secondary research was conducted to determine the market size and market share of leading companies in the United States lead acid battery market.
Data Collection
Data Filter & Analysis
Research & Intelligence
Actionable Insights
Business Solution
Formulating Questionnaire In order to conduct interviews of industry experts, TechSci Research formulated a detailed questionnaire.
Identifying Key Opinion Leaders
Questionnaire Design
In-depth Interviews
A Primary Research
Developing List Of Respondents of Respondents List of industry players such as lead acid battery manufacturers, suppliers, associations and consumers was prepared.
Recent Developments
Market Dynamics
Government B Policies Desk Research Final Conclusion
Data Collection TechSci Research conducted interviews with industry experts and players for data collection and verification.
Market Participants
Key Challenges Growth Drivers
C Company Analysis
Data Validation Data obtained as a result of primary and secondary research was validated through rigorous triangulation. Data Analysis Data was scrutinized using MS-Excel and statistical tools such as Time Series analysis, etc., to obtain qualitative and quantitative insights about the United States lead acid battery market.
Primary Research
TechSci Internal Database Interviews with Key Opinion Leaders
Secondary Research
Company Website Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body, Associations, etc.
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Research Methodology
Optimistic
Long term
D1
XX% CAGR
Long term
2023F
2022F
2021F
2020F
2019F
2017
XX% + 2% CAGR
D1
XX% + 4% CAGR
D2
Degree of impact
High
Medium
2023F
2022F
2021F
2020F
2019F
2018E
2017
2016
2015
D3 2014
Likely
2013
Data for 2017 is for the period starting from 1st January 2017 to 31st December 2017, and same goes for all particular year.
Medium term
2018E
• Qualitative to quantitative conversion • Assigning weightage to drivers • Statistical evaluation • Developing the actual forecast based on both the cases
Conservative
Short term
2016
D3
2015
D2
United States Lead Acid Battery Market • Market indicators expected to perform at average level during the forecast period • Market expected to slow down with decreasing impact of drivers
XX% + 4% CAGR
2014
• Market indicators expected to outperform during the forecast period • Market expected to gain traction with increasing impact of drivers
Medium term
2013
Forecasting Methodology
Short term
Low © TechSci Research
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Research Methodology Research Methodology
OPTIMISTIC
HIGH
4.8%
LIKELY 4.6%
4.5%
Factor 2
EXPECTED
Factor 1
4.7%
This scenario is characterized by moderate impact of economic and market growth factors on on the United States lead acid battery market.
CONSERVATIVE 4.4%
4.3%
LOW
GROWTH FACTOR
This scenario is characterized by higher impact of economic and market growth factors on the United States lead acid battery market.
In this scenario impact of economic as well as market growth factors is comparatively very low on on the United States lead acid battery market.
Factor 3
IMPACT OF GROWTH DRIVERS
11 Š TechSci Research
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Research Methodology OBJECTIVE: The primary objective of the study is to understand the present market as well as forecast the United States lead acid battery market.
APPROACH & SOURCES: In order to forecast the United States lead acid battery market, both top-down and bottom-up approaches have been used. Multiple employees from the following companies have been interviewed through telephonic conversations, in order to extract and verify pertinent information. Partial List of Companies Interviewed Johnson Controls
Trojan Battery Company
Enersys
C&D Technologies Power Solutions
East Penn Manufacturing
Spectrum Brand Holdings Inc.
Exide Technologies
Bosch Group
Hawker Power Source
NorthStar Battery Company
TechSci Research has scrutinized various published documents from following key sources in order to fill the data gaps and verify information being collected through primary research surveys. Partial List of Secondary Sources Companies Website
World Bank
Press Release & News Article
International Monetary Fund
U.S. Department of State
Energy Information Administration
United States Telecom Association
Solar Energy Industries Association
Central Intelligence Agency
Annual Report & Investor Presentation Š TechSci Research
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Research Methodology The study has been carried out considering various aspects of the United States lead acid battery market:
•
In the beginning, a brief study of the allied industries, such as automotive, industrial, UPS, electrical vehicle, etc., was conducted, which included analysis of information such as ongoing development projects in the field of
automotive and industrial sectors followed by the details of major projects under the development stage, which can positively or negatively influence the United States lead acid battery market.
•
A detailed and in-depth scrutiny of information was done to understand each and every policy, external and internal factor that could impact the demand for lead acid batteries in the United States. For this, various
documents related to energy efficiency and industrial projects were studied, followed by the detailed assessment of lead acid battery industry in the United States.
•
Finally, a region specific consumption scenario was identified, and growth in the country’s lead acid battery market is forecast.
•
In view of increasing demand-supply gap of lead acid battery from domestic manufacturing companies, the demand is met from global leading players operating in the country through subsidiaries.
© TechSci Research
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Research Methodology
•
To extract data for the United States lead acid battery market, primary research surveys were conducted with key end user industries and manufacturing companies, so as to assess the past market trend.
•
However, for forecasting the market, following assumptions were made:
Development of renewable energy projects in the country is expected to propel the demand for energy storage devices, including lead acid battery
Growing demand for passenger vehicles and commercial vehicles
Government policies to promote energy savings and promotion of reliable storage devices will continue to increase
•
Considering these assumptions, our dedicated team of industry experts has comprehensively monitored and analyzed various aspects of the United States lead acid battery market. The team has analyzed various industry segments and speculated a positive future for the United States lead acid battery market. Taking into consideration the developments, capital investments, government support, etc., our team of analysts has provided a prudent analysis of the industry’s performance in the future.
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Industry Brief
United States Lead Acid Battery Market to Cross $ 20 Billion by 2023 According to TechSci Research report “United States Lead Acid Battery Market By Type, By Application, Competition Forecast & Opportunities, 2013 – 2023’’, lead acid battery market in the United States is projected to surpass $ 20 billion by 2023, majorly on account of growing industrial and automotive sectors in the country. Expanding telecommunications industry, increasing number of solar energy projects, growing railway network and upcoming freight corridors are expected to stimulate demand for lead acid batteries in the coming years across the country. Moreover, growing investments in power transmission & distribution sector coupled with technological enhancement to produce low discharging batteries are expected to aid the market over the course of next five years. Automotive sector captured the largest share in the United States lead acid battery market in 2017 and is expected to maintain its market dominance over the coming years as well, on account of growing sales of automobiles in the country. SLI (Starting Lighting & Ignition) type of lead acid batteries dominate the market, on account of their wide usage in automobiles and growing adoption of automatic start-stop systems in engines. Northeast region is the largest demand generating region for lead acid batteries in the US, backed by increasing automobile sales, growing investments in telecom sector and increasing renewable energy installations in the region. “The United States Department of Energy provides financial assistance to companies to boost their production capacities to manufacture advanced VRLA (valve-regulated lead-acid) batteries to serve the global vehicle market with viable, safe, cost effective and recyclable battery products. Moreover, technological developments aimed at using intelligent advanced lead acid batteries in energy deficit regions in the country are likely to provide better energy storage solutions in the United States. These market developments are expected to positively influence the United States lead acid battery market in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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Sample Data-Snapshot Figure 1: United States Lead Acid Battery Market Size, By Value, 2013-2023F
Factors Considered Before Purchase (Base=X)
(USD Billion) CAGR 2018E – 2023F By Value: X%
CAGR 2013 – 2017 By Value: X%
Warranty
Lifetime
Pricing
2013
Durabilit y
2014
2015
2016
2017
2018E 2019F 2020F 2021F 2022F 2023F
Figure 11: United States Lead Acid Battery Market Share, By Type, By Volume, 20131
2
3
4
2023F
5
Figure 28: United States Mobile Broadband Connections, By Volume, 2013-2018F (Million Units)
2013
2014
2015
2016
2017
2018E
2019F
2020F
2021F
2022F
2023F
Motive/Traction 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
2013 Figure
2014 15:
2015
United
States
2016 Lead
2017 Acid
2018F
Battery
Market
Stationary
25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
SLI
50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
Figure 14: United States Lead Acid Battery Market Share, By Company, By Value, 2017 & 2023F
Attractiveness Index, By Type, By Value, 2018E-2023F 7.00% Motive/ Traction
6.00% 5.00%
10.00% 10.00% 10.00%
10.00%
4.00%
10.00%
2.00%
10.00%
2017
1.00%
1.50
10.00%
10.00% 10.00%
1.00
2023F
10.00%
SLI
0.50
10.00%
10.00%
Stationary
3.00%
0.00% 0.00
10.00%
10.00%
2.00
2.50
3.00
3.50
Source: XXXXX Note: These are dummy figures; please purchase our report for actual data
Johnson Controls East Penn Manufacturing Trojan Battery Company Spectrum Brand Holdings Others
10.00%
10.00%
Enersys Bosch Group Exide Technologies Hawker Power Source
Johnson Controls East Penn Manufacturing Trojan Battery Company Spectrum Brand Holdings Others
10.00% 10.00%
Enersys Bosch Group Exide Technologies Hawker Power Source
© TechSci Research
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