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According to research made by KD Market Insights, Lead acid battery Market is expected to mask at CAGR of 4.2%. If CAGR growth remains continuous, then the market is expected to rise to the valuation of USD 72.6 billion by end of 2023. The current estimation for the market is USD 56.7 Billion in 2017. The research has been done for the span of 6 years in which 2017 is taken as the base year, 2018 as estimated year and 2019-2023 as the forecasted year.
The lead-acid battery is the oldest type of rechargeable battery which was invented in 1859 by Gaston Plante, a French physicist. It has the ability to supply high surge currents which clearly indicates that it has a relatively large power-to-weight ratio. Energy to weight ratio and energy to volume ration is quite low in these kinds of batteries. The factors that are fostering the growth of this market are the wide-scale utilization of lead-acid battery in commercial vehicles, passenger car, and motorbikes. There is considerable growth in the middle-class population and automotive demand which possibly leads to accelerating the growth of lead acid battery market.
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The research for lead-acid battery Market starts with an overview and executive summary. This follows up by market drivers, key trends, challenges and opportunities in the industry. The report also covers market size and forecast projections. It will also provide a detail industry analysis and key giants along with their recent market activity and product launches. Research has been segmented in further sub-markets to give a comprehensive analysis of the lead acid battery market and it will also the ease the understanding process for the clients. The lead-acid battery Market has been segmented by type and by the application. Moreover, it also gives an analysis of the geographies covered in the research phase and key competitors that are ruling the market currently.
On the basis of type, the market has been sub-segmented as a flooded lead-acid battery, AGM lead-acid battery, Gel lead acid battery, and others. By application, the market is divided as residential, commercial, industrial, automotive & transportation industry, grid storage, telecommunications, railway, and others.
Then report covers the key geographies around the globe such as North America(U.S. & Canada), Europe (Germany, United Kingdom, Italy, Spain, Russia, France and Rest of Europe), Latin America(Brazil, Argentina, Mexico and Rest of Latin America), Middle East & Africa(North Africa, GCC, South Africa and Rest of Middle East & Africa), Asia Pacific (China, India, Japan, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific). These countries are considered specifically while preparing the report.
The final section of the report consists of competitor analysis. It tells company’s business and the performance about the revenue breakup by segment, key facts, risk analysis, SWOT analysis, financial information, company’s overview, business strategy, marketing and distribution and about new product analysis, recent news related to acquisition, development, research, expansion have been considered.
The key industry players of the lead acid battery market Johnson Controls International plc, Exide Technologies, GS Yuasa Corporation, Enersys, Yokohama, Okaya Power Pvt Ltd, Fujian Quanzhou Dahua Battery Co., Ltd, East Penn Manufacturing, Leoch Battery Inc., Panasonic Corporation, Other Major & Niche Players
Moreover, the long and short-term strategies adopted by the competitors have been evacuated from time to time for the better overview of the product and the demand of the lead acid battery market is estimated in order to have a better vision for the market growth and revenue conversions.
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