This market research report presents a detailed segmentation of the industrial lead acid battery market by application (stationary and motive), technology (VRLA and flooded), and by geography (APAC, EMEA, and Americas). Key findings also include an analysis of the leading vendors such as C&D, Coslight, EnerSys, HOPPECKE, Leochm, NorthStar, Narada, and Saft.
Technavio market research analysts estimate the global industrial lead acid battery market to grow at a CAGR of around 6% between 2015 and 2019. The low cost and long life cycles of lead acid batteries have generated demand for industrial applications. APAC dominates the market occupying around 35% market share, closely followed by EMEA and Americas. Much of the demand in APAC region comes from the telecommunications industry, industrial UPS systems, data centers and renewable lead-acid ESS projects. The APAC region is the largest market for telecommunications centers with China, India, and Indonesia emerging as the key leading countries for lead-acid battery demand.
The new market research report from Technavio provides a breakdown and analysis of the industrial lead acid batteries segments by applications.
In terms of applications, the stationary power segment dominates the market covering around 60% of the market share. The growth of this segment is attributed to the increased demand for stationary batteries from data centers, UPS, telecommunications, and other industries. Around 45% of the global demand for stationary lead-acid batteries came from the telecommunications industry due to growing need for efficient, reliable wireless communications networks.
Global stationary lead-acid battery market 2014-2019 ($ billions)
Source: Technavio Research
“Augmented demand for lead-acid batteries in grid energy storage is expected to fuel the market growth over the next four years. Lead-acid batteries can store excess power that can be used during peak hours of demand. The rapid surge in renewable power generation has propelled demand for lead-acid batteries for energy storage systems (ESS) projects. For instance, in China, the use of solar and wind energy grew at a rate of nearly 40% between 2005 and 2013,” says Navin Rajendra, Lead Analyst, Energy, Technavio Research.
Leading vendors in the global industrial lead acid battery market include C&D, Coslight, EnerSys, HOPPECKE, Leochm, NorthStar, Narada, and Saft. The market is highly diverse with both international and local providers. Vendors are partnering with automotive, industrial, and commercial companies, and the industrial lead acid battery market is expected to witness inorganic growth during the forecast period.
A more detailed analysis is available in the Technavio report, Global Industrial Lead Acid Battery Market – Industry Analysis 2015-2019.
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