DUBLIN--(BUSINESS WIRE)--The "Lead-acid Battery - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Lead-acid Battery Market accounted for $57.19 billion in 2017 and is expected to reach $107.59 billion by 2026 growing at a CAGR of 7.3% during the forecast period.
Growing industrialization and urbanization, raising usage in hybrid and electric vehicles, and technological advancements are the factors propelling the market growth. However, intense competition, stringent government regulations are hampering the market growth. Moreover, huge demand for UPS in industrial sector provides a significant growth opportunity for the market over the forecast period.
Based on the product type segment, the SLI product is expected to grow and account for the largest share in the market due to its demand in applications requiring high power including automotive and also huge growth of vehicle manufacturing in developing countries.
By geography, Asia Pacific is expected to witness the largest growth during the forecast period owing to its increasing need for energy storage systems. Rising demand for renewable energy along with favourable support from the government for the development of solar and wind energy is anticipated to drive the usage of energy storage systems.
Companies Mentioned
- Leoch International Technology Ltd.
- CSB Battery Co. Ltd.
- Chloride Batteries S E Asia Pte. Ltd.
- Nipress
- B.B. Battery Co. Ltd.
- Zibo Torch Energy Co. Ltd.
- Johnson Controls
- East Penn Manufacturing
- Crown Battery
- Fujian Quanzhou Dahua Battery Co. Ltd.
- Panasonic Corporation
- NorthStar
- EnerSys
- C&D Technologies, Inc.
- GS Yuasa Corporation
- Coslight Technology International Group Co. Ltd.
- AtlasBX Co. Ltd.
- Exide Technologies
- Saft Groupe
- Hoppecke Batteries Inc.
For more information about this report visit https://www.researchandmarkets.com/research/97msjw/global_leadacid?w=4
