Global Lead-Acid Battery Market 2020-2024 | Evolving Opportunities With Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH and C&D Technologies Inc. | Technavio
LONDON--(BUSINESS WIRE)--Jan 29, 2020--
The lead-acid battery market is poised to grow by USD 10.26 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. Request free sample pages
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Technavio has announced its latest market research report titled global lead-acid battery market 2020-2024. (Graphic: Business Wire)
Read the 150-page report with TOC on "Lead-acid Battery Market Analysis Report by Application (Automotive, Stationary and Motive), Product (VRLA battery and FLA battery), and Geographic segmentation (APAC, Europe, MEA, North America and South America), and the Segment Forecasts, 2020-2024."
The market is driven by the increasing focus on renewable energy generation. In addition, the growing microgrid installations are anticipated to boost the growth of the lead-acid battery market.
The use of renewable energy sources such as solar and wind has increased significantly over the past few years due to the continuous rise in global energy demand, clean energy initiatives, and subsidies for power generation using sustainable sources. Renewable energy sources are clean, inexhaustive, less-carbon intensive, and more sustainable compared to fossil fuels. Moreover, governments across the world are also undertaking several initiatives to mitigate GHG emissions, which are resulting in the shift from conventional sources of energy to renewables. Thus, the growth in power generation from renewables will increase the need for energy storage solutions (ESSs), such as lead-acid batteries. Thus, the increasing focus on renewable energy generation will drive the growth of the market during the forecast period.
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Major Five Lead-Acid Battery Companies:
Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH offers a wide range of power line (batteries), combiner line (components), systemizer (energy systems), service line (360˚service), optimizer (full-service), and ecomizer (energy). The company offers a wide range of lead acid batteries such as grid | Xtreme VR, rail | power AGM, grid | power V H, sun | power VR M, max.power, sun | power V L, grid | power V M, grid | power VR X (FT), grid | power V L, grid | power VR M, and grid | power VR L.
C&D Technologies Inc.
C&D Technologies Inc. has business operations under various segments, such as telecom, UPS & data center, energy & utility, government, engine starting, and recycling. The company offers Deep-Cycle Flooded, Deep-Cycle AGM, and Deep-Cycle Gel lead-acid batteries through its subsidiary, Trojan Battery.
Clarios offers lead-acid batteries for automotive, stationary and motive applications. The offerings of the company are available under its brands namely, Varta, Heliar, Optima, LTH, MAC, and Delkor.
East Penn Manufacturing Co. Inc.
East Penn Manufacturing Co. Inc. operates its business through various segments, which include transportation, motive power, reserve power, and wire, cable & battery accessories. The company offers lead-acid batteries for automotive, motive-power, and reserve-power applications.
EnerSys has business operations under three geographic divisions, namely the Americas, EMEA, and Asia. The company offers a wide range of lead-acid batteries such as CYCLON batteries, DataSafe D batteries, EAS Lithium batteries, Express batteries, and Genesis EP batteries.
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Lead-Acid Battery Application Outlook (Revenue, USD Billion, 2020-2024)
Lead-Acid Battery Product Outlook (Revenue, USD Billion, 2020-2024)
- VRLA battery
- FLA battery
Lead-Acid Battery Regional Segmentation Outlook (Revenue, USD Billion, 2020-2024)
- North America
- South America
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PUB: 01/29/2020 11:00 AM/DISC: 01/29/2020 11:01 AM