1h Free Analyst Time
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FEATURED COMPANIES
- Clarios
- EnerSys
- Exide Technologies
- GS Yuasa Corp.
1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
Global Advanced Lead-Acid Battery Market: About this market
The advanced lead-acid battery market analysis considers sales from automotive, stationary, and other applications. Our study also finds the sales of an advanced lead-acid battery in the Americas, APAC, and EMEA. In 2018, the automotive segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as low fuel prices and the increasing spending capacity of the population will play a significant role in the automotive segment to maintain its market position. Also, our global advanced lead-acid battery market report looks at factors such as increasing automotive sales and investments, increased government support for EVs, and change in energy mix. However, disadvantages of lead-based batteries, decline in lithium-ion battery costs, and increasing adoption of next-generation storage technologies may hamper the growth of the advanced lead-acid battery industry over the forecast period.
Global Advanced Lead-Acid Battery Market: Overview
Change in the energy mix
There is an increase in the demand and consumption of power around the world, which is resulting from economic development and the growing population. In addition, the growing environmental concerns caused by GHG emissions are motivating governments to adopt sustainable and renewable energy resources such as wind, solar, and biomass. However, the addition of renewable resources into the energy mix has drawbacks, which include the intermittent nature of power generation through renewables such as solar PVs. This has driven the need for energy storage systems (ESS) or solutions such as advanced lead-acid batteries. Thus, this change in energy mix will lead to the expansion of the global advanced lead-acid battery market at a CAGR of over 13% during the forecast period.
Increase in the adoption of microgrids
Electrical grids face several challenges, such as aging grid infrastructure, changing power generation landscape, and growing disparities in the demand and supply of power. These challenges result in the overstressing of the existing grid infrastructure and limit grid stability for smooth operations. Moreover, the high capital cost required to set up new grid infrastructure in rural and distant regions acts as a barrier for the extension of grid networks. Microgrids have emerged as a solution to inconsistencies in grid infrastructure and performance. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global advanced lead-acid battery market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading advanced lead-acid battery manufacturers, that include Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, Clarios, Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., EnerSys, Exide Technologies, GS Yuasa Corp., Leoch International Technology Ltd., Narada Power Source Co. Ltd., The Furukawa Battery Co. Ltd.
Also, the advanced lead-acid battery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The advanced lead-acid battery market analysis considers sales from automotive, stationary, and other applications. Our study also finds the sales of an advanced lead-acid battery in the Americas, APAC, and EMEA. In 2018, the automotive segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as low fuel prices and the increasing spending capacity of the population will play a significant role in the automotive segment to maintain its market position. Also, our global advanced lead-acid battery market report looks at factors such as increasing automotive sales and investments, increased government support for EVs, and change in energy mix. However, disadvantages of lead-based batteries, decline in lithium-ion battery costs, and increasing adoption of next-generation storage technologies may hamper the growth of the advanced lead-acid battery industry over the forecast period.
Global Advanced Lead-Acid Battery Market: Overview
Change in the energy mix
There is an increase in the demand and consumption of power around the world, which is resulting from economic development and the growing population. In addition, the growing environmental concerns caused by GHG emissions are motivating governments to adopt sustainable and renewable energy resources such as wind, solar, and biomass. However, the addition of renewable resources into the energy mix has drawbacks, which include the intermittent nature of power generation through renewables such as solar PVs. This has driven the need for energy storage systems (ESS) or solutions such as advanced lead-acid batteries. Thus, this change in energy mix will lead to the expansion of the global advanced lead-acid battery market at a CAGR of over 13% during the forecast period.
Increase in the adoption of microgrids
Electrical grids face several challenges, such as aging grid infrastructure, changing power generation landscape, and growing disparities in the demand and supply of power. These challenges result in the overstressing of the existing grid infrastructure and limit grid stability for smooth operations. Moreover, the high capital cost required to set up new grid infrastructure in rural and distant regions acts as a barrier for the extension of grid networks. Microgrids have emerged as a solution to inconsistencies in grid infrastructure and performance. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global advanced lead-acid battery market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading advanced lead-acid battery manufacturers, that include Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, Clarios, Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., EnerSys, Exide Technologies, GS Yuasa Corp., Leoch International Technology Ltd., Narada Power Source Co. Ltd., The Furukawa Battery Co. Ltd.
Also, the advanced lead-acid battery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Clarios
- EnerSys
- Exide Technologies
- GS Yuasa Corp.
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPEPART 09: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Clarios
- EnerSys
- Exide Technologies
- GS Yuasa Corp.
The following companies as the key players in the global advanced lead-acid battery market: Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, Clarios, Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., EnerSys, Exide Technologies, GS Yuasa Corp., Leoch International Technology Ltd., Narada Power Source Co. Ltd., The Furukawa Battery Co. Ltd.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increase in the adoption of microgrids.”
According to the report, one of the major drivers for this market is the change in energy mix.
Further, the report states that one of the major factors hindering the growth of this market is the decline in lithium-ion battery costs.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increase in the adoption of microgrids.”
According to the report, one of the major drivers for this market is the change in energy mix.
Further, the report states that one of the major factors hindering the growth of this market is the decline in lithium-ion battery costs.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
- Clarios
- Crown Battery Manufacturing Co.
- East Penn Manufacturing Co. Inc.
- EnerSys
- Exide Technologies
- GS Yuasa Corp.
- Leoch International Technology Ltd.
- Narada Power Source Co. Ltd.
Note: Product cover images may vary from those shown
