New York, NY -- (SBWIRE) -- 10/25/2018 -- The global lead acid battery market volume is expected to surpass around seven lakh thousand units by 2026. Growth of the global lead acid battery market is driven by the extensive usage of lead acid batteries in passenger car applications due to its low cost combined with reliability of performance.

The lead acid battery market in Asia Pacific is estimated to expand at a CAGR of more than 4.9% during the forecast period owing to the presence of a large manufacturing & recycling base, favorable government regulations, development in automotive and industrial sectors, and increase in focus on research and development activities.

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The comprehensive study offers an overview of the current state of development of the business as well as predicts the course of progress across different regions. A large number of factors including the major driving forces, threats and opportunities are taken into account to present an analytical picture of the industry portrayed in the report.

The research further examines and provides data on the market by type, application and geography interspersed with illustrations and other graphical representations. The market analysis not only determines the attractiveness of the industry but also the evolving challenges and opportunities and their association with the weaknesses and strengths of prominent market leaders.

Salient Trends of the Lead Acid Battery Market
- 85% of lead is primarily utilized in batteries for passenger cars, trucks, motorcycles, uninterruptible power supplies, and solar power storage.
- Until 2017, the transportation sector was providing for 47.3% of the overall demand, although the demand for stationary industrial segment is expected to expand at an above-average CAGR of 6.3% during the forecast period.
- The automobile and UPS & telecom applications together account for more than 55% share of the market for flooded type batteries.
- Demand for passenger vehicles has increased considerably and is anticipated to rise further in the near future.
- VRLA batteries are anticipated to witness the highest gains and are alone expected to contribute to 34.7% of the market share by 2025.
- Flooded batteries were the largest consumed product types generating revenues worth USD 31 billion in 2015.
- Increasing demand for flooded batteries in marine applications on account of its high effective power output is expected to augment its demand in the near future.

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Market share
The report discovers market's total sale that is generated by a particular firms over a time period. Industry experts calculate share by taking into account the product sales over a period and then dividing it by the overall sales of the Lead Acid Battery industry over a defined period. Subject matter experts further use this metric to offer a general idea of the share and size of a firm and its immediate rivals. By providing an in-depth knowledge of the position a company as well as an entrepreneur holds in the Lead Acid Battery market

Companies considered and profiled in this market study:
EnerSys, EXIDE INDUSTRIES LTD., JOHNSON CONTROLS INTERNATIONAL PLC, GS Yuasa Corporation, etc. Other players include First National Battery, NorthStar, Amar Raja Batteries Ltd, HOPPECKE, Exide Technologies, HBL Power Systems Limited, C&D Technologies, Inc., East Penn Manufacturing Co., FIAMM Energy Technology S.p.A., Crown Battery Manufacturing Co., and Trojan Battery Company

Market-O-Nomics
- China is the key target market flourishing in the growth of lead acid battery owing to high sales of automobiles which accounted for 18% growth on Y-o-Y basis. (2015 to 2017)
- India's urban population is expected to grow by 165 million by 2030, making the most populist country across the globe.
- Owing to these factors, the construction market in India will grow twice as fast as China to 2030. Hence, demand for lead acid battery will increase significantly in this region
- Renewables accounted for almost two thirds of net new power capacity around the world in 2016 with almost 165 gig watts coming online, thus boosting the solar PV market. Hence, increase in the offshore and onshore renewable energy installations, which require lead acid battery is increasing across the globe.
- Chinese government provides subsidies in an effort to improve air quality and foster local companies, thus Chinese lead acid battery manufacturers increased their global supply share to support the Electric Vehicle market.
- The changes in the incentive scheme for plug-in hybrid vehicles in Netherlands has resulted in the recent surge in demand for the lead acid battery market

Product Scenario (Revenue, USD Million; 2016–2025)
- Stationary (Motive, SLI)

Construction Methods Covered:
- VRLA
- Flooded

Applications (Revenue, USD Million; 2014–2025)
Motive Industrial, Stationary Industrial, Residential, Commercial, Automotive, Telecommunication, Transport vehicles, Electric bikes, Grid Storage, UPS, Other Applications

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