Advanced Lead-acid Battery Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR44697
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The advanced lead-acid battery market has the potential to grow by USD 3.08 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 8.70%.

This advanced lead-acid battery market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (automotive, stationary, and others) and geography (APAC, EMEA, and Americas). The advanced lead-acid battery market report also offers information on several market vendors, including AHCZS, Clarios, Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., GS Yuasa Corp., Leoch International Technology Ltd., Narada Power Source Co. Ltd., and The Furukawa Battery Co. Ltd. among others.

What will the Advanced Lead-acid Battery Market Size be in 2021?

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Advanced Lead-acid Battery Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rising inclusion of renewables in the energy mix is notably driving the advanced lead-acid battery market growth, although factors such as increasing competition from lithium-ion batteries may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the advanced lead-acid battery industry get your FREE report sample now.

  • The growing population and economic development have led to an increase in power consumption.
  • The increase in GHG emissions is compelling governments to focus on sustainable and renewable energy resources such as wind, solar, and biomass.
  • Increasing mandates on the use of renewable energy resources by governments are leading to a change in the global energy mix.
  • The intermittent power generation by renewables will drive the demand for advanced lead-acid batteries for energy storage applications during the forecast period.
  • The increasing adoption of microgrids is a significant trend that will affect the advanced lead-acid battery market landscape.
  • Microgrids use solar and wind energy sources to generate power, which is one of the major factors driving their adoption amidst rising environmental concerns.
  • The adoption of microgrids will increase because of their reliability in power supply compared to the grid-connected power supply.
  • With the need for providing power at locations where grid-supplied electricity is unavailable, the installation of microgrids will increase.

This advanced lead-acid battery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Advanced Lead-acid Battery Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AHCZS
  • Clarios
  • Crown Battery Manufacturing Co.
  • East Penn Manufacturing Co. Inc.
  • EnerSys
  • Exide Industries Ltd.
  • GS Yuasa Corp.
  • Leoch International Technology Ltd.
  • Narada Power Source Co. Ltd.
  • The Furukawa Battery Co. Ltd.

 

The advanced lead-acid battery market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the advanced lead-acid battery market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Advanced Lead-acid Battery Market?

Advanced-Lead-acid-Battery-Market-Market-Share-by-Region-2020-2025

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60% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for advanced lead-acid batteries in APAC. However, market growth in this region will be slower than the growth of the market in EMEA and the Americas.

The increased adoption of automobiles and an increase in the demand for ESSs for utility and motive applications will facilitate the advanced lead-acid battery market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Advanced Lead-acid Battery Market?

Advanced-Lead-acid-Battery-Market-Market-Share-by-Application-2020-2025

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The advanced lead-acid battery market share growth by the automotive segment will be significant during the forecast period. Lower interest rates, low fuel prices, and increasing spending capacity of the population in developing countries such as China and India have been identified as the key factors that will drive the growth of the automotive segment. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the advanced lead-acid battery market size.

 

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What are the Key Factors Covered in this Advanced Lead-acid Battery Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive advanced lead-acid battery market growth during the next five years
  • Precise estimation of the advanced lead-acid battery market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the advanced lead-acid battery industry across APAC, EMEA, and Americas
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of advanced lead-acid battery market vendors

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Advanced Lead-acid Battery Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9%

Market growth 2021-2025

$ 3.08 billion

Market structure

Fragmented

YoY growth (%)

7.00

Regional analysis

APAC, EMEA, and Americas

Performing market contribution

APAC at 60%

Key consumer countries

China, US, Japan, India, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AHCZS, Clarios, Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., GS Yuasa Corp., Leoch International Technology Ltd., Narada Power Source Co. Ltd., and The Furukawa Battery Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Automotive - Market size and forecast 2020-2025
  • Stationary - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by Application

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • EMEA - Market size and forecast 2020-2025
  • Americas - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
  • Clarios
  • Crown Battery Manufacturing Co.
  • East Penn Manufacturing Co. Inc.
  • EnerSys
  • Exide Industries Ltd.
  • GS Yuasa Corp.
  • Leoch International Technology Ltd.
  • Narada Power Source Co. Ltd.
  • The Furukawa Battery Co. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The advanced lead-acid battery market market growth will increase by $3203.52 million during 2019-2024.
The advanced lead-acid battery market market is expected to grow at a CAGR of 8.71% during 2019-2024.
Technavio has segmented the advanced lead-acid battery market market by application (Automotive, Stationary, and Others) and geographic (APAC, EMEA, and Americas).
Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, Clarios, Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., GS Yuasa Corp., Leoch International Technology Ltd., Narada Power Source Co. Ltd., The Furukawa Battery Co. Ltd. are a few of the key vendors in the advanced lead-acid battery market market.
APAC will register the highest growth rate of 60.13% among the other regions. Therefore, the advanced lead-acid battery market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the advanced lead-acid battery market market growth are:
  • Growing golf cart market
  • Increased adoption of microgrids
The advanced lead-acid battery market market vendors should focus on grabbing business opportunities from the automotive segment as it accounted for the largest market share in the base year.
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