Rising demand for critical and cost-effective power supply for critical power applications and Uninterrupted Power Supply for Industrial use will drive the market upwards.

Market Size – USD 61.74 Billion in 2018, Market Growth - CAGR of 5.4%, Market Trends – Rapid Industrialization in developing nations.

New York, March 19, 2019 - The Global Lead Acid Battery Market is expected to reach USD 95.32 Billion by 2026, according to a new report by Reports and Data. It is a rechargeable battery which can convert chemical energy into electrical energy. Rising demand for UPS systems and electric vehicles is fueling the market. Moreover, significant rise in demand from sectors such as automotive, healthcare, power, and telecom industries in developing nations is encouraging the growth of the market. Lead batteries have lower prices as compared to its competitors. Hence they are more commonly used and preferred.

APAC is expected to hold the largest market share, throughout the forecast period, owing to the large investments made in automotive, manufacturing, and healthcare, oil and gas, etc. Two wheelers are the major users of SLI (starting, lighting, ignition). Thus expansion of automobile sector has expanded the lead acid battery market. With low internet prices in recent years, India has the largest telecommunication market. With the rise in telecommunications and the internet, lead-acid battery is also forecasted to grow exponentially.

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This report covers complete upcoming and present trends applicable to the market along with restrictions and drivers in the business development. It offers industry predictions for the forthcoming years. This research analyzes main markets and their sub-segments, evolving patterns and pressures on the industry, strategic perspectives and shifting situations of supply and demand, quantifies opportunities with the size of the market and forecasts the market, and monitors emerging developments/opportunities/challenges..

Lead Acid Battery Market Top Players (Market Analysis, Opportunities, Demand, Forecasting)

  • Johnson Controls,
  • Exide Technologies,
  • GS Yuasa Corp,
  • ATLASBX Co. Ltd.,
  • East Penn Manufacturing Co.,
  • Crown Battery Manufacturing,
  • C&D Technologies, Inc.,
  • Narada Power Source Co. Ltd.,
  • Amara Raja Batteries Ltd.,
  • Leoch International Technology Ltd.

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Further key findings from the report suggest

  • APAC will have the largest market share of 29% in the year 2018 and is forecasted to hold 32% of the market by 2026. It has the highest growth rate of 6.7% in the forecasted year.
  • North America has a market share of 23% in the forecast period of 2026 with an annual growth rate of 6.0%. The shifting trend of electric forklift across the globe, especially this region is expected to fuel the market.
  • Europe has the same annual growth rate as of APAC, 6.7%, owing to the stringent government regulations. It is forecasted to occupy a market of 12% in the year 2026.

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Segmentation: Global  Lead Acid Battery Market

Based on Product Type:

  • Stationary
  • Motive/Traction
  • SLI

Based on Application:

  • Telecommunication
  • UPS
  • Control & Switchgear
  • Motive
  • Automobiles
  • Motorcycles
  • Grid Storage
  • Fork Lifts

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