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 motive lead-acid battery market to grow at a CAGR of around 7% between 2015 and 2019. The global market for motive lead-acid batteries aka traction batteries is primarily influenced by the rapid increase in material handling and industrial production in regions like Asia, Europe, and the Middle East. The APAC region dominates th global market for motive lead acid batteries, accounting for around 40% of the total market share. Much of this region’s growth can be attributed to the increased demand for such batteries from emerging economies for industrial production activities.
The new market research report from Technavio provides a breakdown and analysis of the motive lead-acid batteries segments by technology.
“Motive lead-acid batteries are increasingly gaining significance for forklift applications. These batteries cover almost 70% of the forklifts manufactured across the globe. These batteries are cost-effective with advanced charging technologies. Also, with the global demand for material handling forklift equipment increasing in manufacturing, mining, logistics, and power industries, the requirement for lead acid batteries will surge,” says Navin Rajendra, Lead Analyst, Energy, Technavio Research.
Flooded lead-acid batteries leads the motive lead-acid battery market, accounting for 70% of the total market share. High demand for these batteries come from industrial forklift, mining vehicle, and railroad applications. They eliminate the need for high specific gravity electrolyte and provide longer runtime.
Motive lead-acid batteries provide motive power for small transport vehicles such as forklifts, golf carts, railroads, and mining vehicles. These batteries are used for deep cycle applications such as mining, heavy-duty equipment, and automated guided vehicles.
The leading vendors in the global motive lead-acid battery market are 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. Strategic alliances and partnerships helps vendors to maintain their position in the market.
A more detailed analysis is available in the Technavio report, Global Motive 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
Further Reading:
