This market study report segments the global motive lead-acid battery market by application and includes segments like industrial forklifts, railroads, mining, and others. The market study also analyzes the key regions for this market, including Americas, EMEA, and APAC. Leading vendors in this market are Axion Power International, Exide Technologies, SBS, East Penn Manufacturing, HOPPECKE Batterien, MIDAC Batteries, Navitas System, and Trojan Battery.
Technavio’s market research analysts estimate the global lead-acid battery market to grow at a CAGR of around 7% between 2015 and 2019. Rising use of lead-acid batteries by various end-user segments and other motive applications such as forklifts, railroad, and mining vehicles are expected to foster market growth during the forecast period. The APAC region dominates the global market for lead-acid batteries during the forecast period, owing to the augmented demand for stationary lead-acid (SLA) batteries from the region’s power utilities sector.
The new market research report from Technavio provides a breakdown and analysis of the lead-acid battery segments by technology.
“Lead-acid batteries dominate the automotive sector due to the huge demand in starting, lighting, and ignition (SLI) applications. These batteries deliver high initial energy within short time frames, depending on cranking amps (CA) or CCA ratings. Also, the lead-acid batteries have reserve power that is used when the vehicle’s electrical load surpasses the supply from the alternator. These batteries can be recharged quickly from an alternator, which is an automotive charging system,” says Navin Rajendra, Lead Analyst, Energy, Technavio Research.
The SLA batteries have found increased applications as backup power in UPS, railway backup systems, utilities, oil and gas explorations, security systems, and renewable energy capacities. These batteries are relatively reliable and cost-effective, and are extensively being used in data centers. As the lead-acid batteries utilize 60%-80% of recycled lead in their manufacture, these are increasingly being adopted by industries supporting green energy initiatives.
The leading vendors in the global lead-acid battery market include Axion Power International, Exide Technologies, SBS, East Penn Manufacturing, HOPPECKE Batterien, MIDAC Batteries, Navitas System, and Trojan Battery. This market is highly diverse and hosts multiple multinational and regional vendors. Technical and financial challenges facilitate inorganic growth in this market and, therefore, results in the formation of partnerships with companies operating in the automotive, industrial, and commercial sectors. The formation of partnerships helps vendors to maintain their position in the market and also helps them to avoid becoming targets for acquisitions.
A more detailed analysis is available in the Technavio report, Global Lead-acid Battery Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
- Global Industrial Lead Acid Battery Market – Industry Analysis 2015-2019
- Lead-acid Battery Market in China 2015-2019
- Global Stationary Lead Acid Battery Market 2015-2020
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