SAN FRANCISCO, Jan. 9, 2020 /PRNewswire/ -- The global automotive lead acid battery market is expected to grow exponentially in the years to come. This could be attributed to the ever-increasing urbanization and industrialization, technological advancements, and growing inclination toward electric vehicles. Lithium batteries have been dominating the market since ages. However, lead-acid batteries are reported to be 99% recyclable. This has made them this largest contender with regards to renewable energy solutions and electric vehicles.
The automotive lead acid battery market is segmented based on type of battery, propulsion, vehicle type, and geography. By type of battery, the market spans sealed lead-acid (SLA) battery, lead antimony battery, lead calcium battery, and others. By type of vehicle, the market segmentation of automotive lead acid battery goes like commercial vehicle and passenger vehicle. By propulsion, the automotive lead acid battery market comprises electric vehicle, hybrid vehicle, and combustion engine vehicle. By geography, the market states North America, LATAM, Europe, Asia Pacific, and MEA.
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Asia Pacific rules the roost; thanks to higher production as well as sales of vehicles; in Indonesia, South Korea, Japan, India, and China. Moreover, increasing application with respect to energy storage in the industrial sectors is estimated to pave way for automotive lead-acid batteries in the near future. The latest union budget had its bending toward electric vehicles; which call for easily recyclable and economical batteries; which, in turn, is likely to upsurge the demand for automotive lead acid battery. As per experts, cost optimized energy storage installations would prefer using lead as battery storage system. It has also been observed that stationary lead-batteries are much more efficient in terms of energy storage.
The players contributing to the automotive lead acid battery market include Haldex Inc., Furukawa Electric Co. Ltd., Panasonic Corporation, Crown Battery, Exide Industries Ltd., GS Yuasa Corporation, Leoch International Tech, EnerSys, Hitachi, Ltd., Johnson Controls International PLC, and ZF Friedrichshafen AG. Waldies (a specialty lead manufacturer), does state that automotive lead-acid battery will take the market by storm once electric vehicles are all set for mass adoption.
This report provides detailed historical analysis of global market for Automotive Lead Acid Battery from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Automotive Lead Acid Battery market.
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Market Segmentation:
- Leading players of Automotive Lead Acid Battery including:
- Johnson controls
- Tianneng Power
- GS Yuasa
- Chaowei Power
- Exide Technologies
- Leoch
- Camel
- Narada Power
- Enersys
- Fengfan
- Amara Raja
- Sebang
- AtlasBX
- Furukawa
- Sacred Sun Power
- Hitachi Chemical
- Hoppecke Batterien
- Shoto
- Banner
- AC Delco
- Trojan
- Fujian Quanzhou Dahua
- Coslight Technology
- Nipress
- Crown Battery Corporation
- First National Battery
- Yokohama Batteries
- Midac
- C&D Technologies
- North Star
- Market split by Type, can be divided into:
- VRLA Battery
- Flooded Battery
- Other Battery
- Market split by Application, can be divided into:
- Automotive
- Bikes and motorbikes
- Forklifts / trucks
- Utilities
- Construction
- Telco
- Market split by Sales Channel, can be divided into:
- Direct Channel
- Distribution Channel
- Market segment by Region/Country including:
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Spain etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
- South America Brazil, Argentina, Colombia and Chile etc.)
- Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
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