Lead acid battery market to surpass US$ 106 Bn mark by 2029, with heightened demand from transportation industry. Absorbent Glass Mat (AGM) lead acid battery is estimated to create an absolute $ opportunity of around US$ 15.
Lead acid batteries are widely used in the transportation industry, as countries are adopting electric vehicles to reduce carbon emissions. The demand for lead acid batteries in the transportation industry is growing at a rapid pace, as emerging economies’ governments support clean energy and environmentally friendly modes of transport. Many automotive battery OEMs are getting subsidies to enforce production capacity.
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This newly published and insightful report sheds light on Market Insights of Lead Acid Battery, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Lead Acid Battery Market.
The report offers a detailed study of different factors influencing demand, sales, and revenue generation in the lead acid battery market around the world. The opportunity analysis included in the report is beneficial for readers to better understand opportunities in the lead acid battery industry, which in turn, is likely to trigger the adoption of lead acid battery.
An elaborated cost structure analysis provides the report with innate completeness, and analysis offered on the cost structure involves all the regional markets incorporated.
A detailed forecast on the global lead acid battery market has also been offered by experts, who have categorized market forecasts into a likely scenario, a conservative scenario, and an optimistic scenario regarding adoption and involvement of the global market during the forecast period.
Analysis and assessment of price point by region has also been included in this study. The study also exerts details on aspects impacting strategies of manufacturers within the global lead acid battery market.
Global Lead Acid Battery Market: Analysis on Market Size Evaluation
Market valuation at the global and regional scale for the global lead acid battery market is offered in terms of “US$ Bn.” A Y-o-Y growth comparison on the key lead acid battery market segments, along with the market attractiveness assessment quantifies insights delivered in the report. Metrics mentioned above are also tracked based on consumption across several regions where lead acid battery is witnessing a growing demand.
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Global Lead Acid Battery Market: Scrutinized Assessment on Regional Segments
Weighted chapters have been included in the report on the global lead acid battery market, which imparts a forecast on the regional markets recognizing the regional macros (business, economic and political environment outlook), which are expected to have an impact on the growth of the global lead acid battery market in the near future.
Country-specific assessment on the demand for lead acid battery has also been provided for each regional market, along with the market size valuation, price point assessment, price index, and impact analysis of key regional and country-wise dynamics. Y-o-Y growth projections have also been offered on all regional markets that are incorporated in the report.
Key Takeaways of Global Lead Acid Battery Market
- Absorbent Glass Mat (AGM) lead acid battery is estimated to create an absolute $ opportunity of around US$ 15 Bn during the forecast period and is estimated to account for 38% of the overall value opportunity in the global market by the end of 2029
- The transportation sector is projected to expand 1.4X times as compared to 2019, by witnessing a value CAGR of 4%
- APEJ is foreseen to maintain its dominance throughout the assessment period, accounting for more than 39% of the share in the global market
- Stationary industrial lead acid battery is forecasted to expand 2.9X times compared to the commercial industrial battery by the end of forecast duration
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“Growing demand for green energy and efficient performance at low costs is foreseen to offer new growth prospects for lead acid battery manufacturers”says the Fact.MR analyst
Global Lead Acid Battery Market: Segmentation
Segmentation table of the global lead acid battery market has been provided below on the basis of application, product type and region.
- OEM Transportation
- Two Wheelers
- Aftermarket Transportation
- Two Wheelers
- Motive Industrial
- OEM Motive Industrial
- Aftermarket Motive Industrial
- Stationary Industrial
- OEM Stationary Industrial
- Aftermarket Stationary Industrial
- OEM Commercial
- Aftermarket Commercial
- OEM Residential
- Aftermarket Residential
- Grid Storage
- OEM Grid Storage
- Aftermarket Grid Storage
- AGM (Absorbent Glass Mat)
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ (Asia Pacific Excluding Japan)
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