Skip to main content

Automotive Lead Acid Batteries Market Analysis by Share, SWOT, Market Player - Size Forecast to 2025

By: Issuewire
Melvin Bright

The global market for Automotive Lead Acid Batteries is projected to reach 623.5 million units by 2025, driven by continuous R&D efforts and new technology breakthroughs aimed at helping the lead acid technology.

Newport News, Oct 11, 2019 (Issuewire.com) - Lead-acid is heavy and is less durable than nickel- and lithium-based systems when deep cycled. A full discharge causes strain and each discharge/charge cycle permanently robs the battery of a small amount of capacity. This loss is small while the battery is in good operating condition, but the fading increases once the performance drops to half the nominal capacity. This wear-down characteristic applies to all batteries in various degrees.

Improved consumer spending is driving world tourism. It proves to be an important economic indicator, as it usually reflects the overall consumer confidence in a nation's economy. High consumer confidence indicators include high levels of consumer spending in the market. This improvement in consumer spending is expected to drive the sales of automotive vehicles during the forecast period, thus enhancing the demand for lead-acid batteries.

Increasing use of lead-acid batteries by various end-user and other automotive applications is anticipated to fuel the growth of the automotive lead-acid battery market. Moreover, rising automotive sales in developing nations are expected to accelerate the growth of the market in the upcoming years. The market is poised to record the fastest growth rate during the forecast period.

Browse key industry insights @ https://melvinbright.com/report/details/global-automotive-lead-acid-batteries-market-trends-insights-amp-forecasts-2017-2024-global

Increasing research and development in automotive lead-acid battery along with government initiatives for electric vehicles in this region is predicted to trigger the growth of the global automotive lead-acid battery market over the forecast period. Automotive lead-acid battery market is expected to witness substantial growth over the forecast period. Rising sale of automotive across the region is envisioned to strengthen the growth of automotive lead-acid battery market over the upcoming years.

Increasing sales of automotive vehicles across the globe is the major factor that drives the automotive lead-acid battery market. Rising personal disposable income of developing countries such as India and China has increased the sales of two-wheelers in these highly populated countries owing to high preference of such vehicles as a mode of transportation. This factor is anticipated to drive the growth of automotive lead-acid battery market in the upcoming years.

Market Dynamics

Dominant technology in SLI applications

  • SLI battery is a lead-acid and rechargeable type of battery that is mainly used in automobiles. SLI means starting, lighting, and ignition these processes are all-consuming energy that is supplied by the vehicle's battery. A vehicle owner should be at least knowledgeable on the basic features, specifications and functionalities of the SLI battery with respect to the overall performance of a vehicle.

High lead content

  • High lead content in these batteries can cause harm to the environment and is expected to hinder the market growth. In addition, the low energy density of these products is anticipated to restrict growth. However, the increasing demand for alternatives such as lithium ion battery in automobiles is posing a challenge for market growth.

The Automotive Lead Acid Battery market is segmented on the basis of its Technology, Product, Type, End-User and Region. On the basis of product, the Automotive lead-acid battery market is segmented into SLI Batteries, Micro-Hybrid Batteries. An automotive battery is a type of rechargeable battery that supplies electric energy to an automobile. Usually, this refers to an SLI battery (starting, lighting, ignition) to power the starter motor, the lights, and the ignition system of a vehicle's engine.

On the basis of Type, the Automotive lead-acid battery market is segmented into Flooded Batteries, Enhanced Flooded Batteries, VRLA Batteries. Batteries have been utilized for centuries and archeological proof indicates that galvanic cells may have been utilized. The wet cell battery, also known as the flooded battery, was one of the first present-day battery types to be created for common use. Irrespective of the fact that the battery created was delicate and dangerous to move, it was considered good for the time. Since then, people with the help of their skill and technology upgraded wet cell batteries and today they are available passing all the tests and requirement criteria.

The global automotive lead battery market is anticipated to reach USD witnessing a CAGR over the forecast period owing to the increasing sales of automobile vehicles across the globe. On the basis of the regional platform, global automotive lead-acid battery market in North America is projected to dominate the overall market of automotive lead-acid battery during the forecast period. Increasing use of lead-acid batteries by various end-user segments and other automotive applications is anticipated to fuel the growth of the North America automotive lead-acid battery market.

Make an inquiry for purchasing this report @ https://melvinbright.com/report/details/global-automotive-lead-acid-batteries-market-trends-insights-amp-forecasts-2017-2024-global

North America automotive lead-acid battery market is expected to witness substantial growth over the forecast period. Rising sale of automotive across the region is envisioned to strengthen the growth of automotive lead-acid battery market over the upcoming years. Based on vehicle types, automotive lead-acid battery market is segmented into passenger car, ICE, hybrid, electric and light commercial vehicle, out of which, passenger car is expected to dominate the overall automotive lead-acid battery market during the forecast period.

The European lead/acid battery industry has undergone extensive restructuring through mergers and acquisitions. Such developments have been commonly interpreted as a normal trend to optimize economies-of-scale in order to face increasing competition. Although this is one of the reasons for the concentration process, other aspects should be considered in order to understand and prepare the future of the battery industry.

Asia Pacific lead acid battery market will witness an appreciable growth on account of the flourishing automotive sector, most notably across China, India, Malaysia, Indonesia, and Vietnam. China represents the major producer and consumer of LABs, on account of sizeable rising output from the manufacturing sector coupled with increasing consumer spending, with additional legislative support toward infrastructure expansion. Asia Pacific region accounts for the largest share of the lead-acid battery market.

Some of the major players in the Automotive Lead Acid Battery market are Johnson Controls, Inc., GS Yuasa Corporation, Hitachi, Ltd., Enersys, Exide Industries Limited, Trojan Battery Company, Panasonic Corporation, 3M Company, Ametek.Inc, BASF SE, Samsung Sdi Company Limited, Spectrum Brands Holdings, Inc., Tesla, Toyota Motor Corporati.

Contact:

Kevin Fox

+1 703-659-2126

info@melvinbright.com

Automotive LeadAcid Battery

Media Contact

Melvin Bright


info@melvinbright.com

+1 703-659-2126

11815 Fountain WaySuite 300-D

http://www.melvinbright.com

Source :Melvin Bright

PDF Version : issuewire.com/pdf/2019/10/automotive-lead-acid-batteries-market-analysis-by-share-swot-market-player-size-forecast-to-2025-IssueWire.pdf

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.