Lead-Acid Battery Market Size, Share and Forecast 2021-2027

 The global Lead-acid battery market is anticipated to grow at a CAGR of around 5.1% during the forecast period (2021-2027). The key factors to drive the market growth include increasing market demand in the transportation industry and a rise in stationery and transportation energy storage applications. For instance, according to the American Road & Transportation Builders Association's annual economic forecast published December 2019 the transportation infrastructure demand in the US is projected to rise at least 5% in 2020. After adjusting for project costs and inflation, total domestic transportation construction and related-market operation in 2020 is expected to hit $300.4 billion, up from $286.5 billion in 2019. Further, according to Energy Storage Grand Challenge Market Report 2020, The combined markets for stationary and transportation energy storage are expected to grow 2.5–4 terawatt-hours (TWh) per year in 2030, approximately three to five times the current 800-gigawatt-hour (GWh) sector.

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Rising acquisitions, product development, collaborations among the major players in the market also propel the growth of the market. For instance, in January 2021, GS Yuasa, a Japanese battery manufacturer developed fuel cells that can withstand harsh conditions, from the depths of the ocean to the depths of space. This expansion in its product line will be enabling space travellers to travel comfortably in space. The company batteries will be serving as the main power source for the International Space Station and will be one of the first batteries used by NASA that are manufactured by a non-US company. 

Market Coverage

·         The market number available for – 2020-2027

·         Base year- 2020

·         Forecast period- 2021-2027

Segment Covered- 

·         ByType 

·         By Components 

·         By End-user 

Regions Covered-

·         North America

·         Europe

·         Asia-Pacific

·         Rest of the World

·         Competitive Landscape- ACDelco, Amaron, AtlasBX, Banner batteries, C&D Technologies, Chaowei Power, CSB Battery,

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A full Report of Lead-Acid Battery Market is Available at:  https://www.omrglobal.com/industry-reports/lead-acid-battery-market

Global Lead-acid Battery Market Report Segment

By Type

·         Flooded Lead Acid Batteries

·         Sealed Lead Acid Batteries

·         AGM Lead Acid Batteries

·         Gel Sealed Lead Acid Batteries

·         Others 

By Components

·         Plates

·         Separators

·         Electrolyte

·         Others 

By End-User

·         Automotive

·         Industrial

·         Others 

Global Lead-acid Battery Market Report Segment by Region

 North America

·         United States

·         Canada

Europe

·         UK

·         Germany

·         Spain

·         France

·         Italy

·         Rest of Europe

Asia-Pacific

·                     India

·                     China

·                     Japan

·                     South Korea

·                     Rest of APAC

Rest of the World

·                     Latin America 

·                     Middle East & Africa

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @  https://www.omrglobal.com/report-customization/lead-acid-battery-market

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

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