0

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

  • Published: Apr 2021
  • Pages: 141
  • SKU: IRTNTR44697
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

The advanced lead-acid battery market share is expected to increase by USD 3.08 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 8.7%.

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 advanced lead-acid battery market segmentations by application (automotive, stationary, and others) and geography (Europe, North America, APAC, South America, and MEA). 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 During the Forecast Period?

Advanced Lead-acid Battery Market Size

Download the Free Report Sample to Unlock the Advanced Lead-acid Battery Market Size for the Forecast Period and Other Important Statistics

 

Advanced Lead-acid Battery Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing adoption of advanced lead batteries in emerging golf cart marke t is notably driving the advanced lead-acid battery market growth, although factors such as increasing competition from lithium-ion batteries may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the advanced lead-acid battery market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Advanced Lead-acid Battery Market Driver

One of the key factors driving the data center market is the growing adoption of advanced lead batteries in emerging golf cart market. Globally, the golf cart market is expected to continue to grow rapidly during the forecast period owing to the rise in popularity of golf as a game in developed countries such as the US and the UK. Golf carts are being used for commercial purposes along with their use in golf courses. For instance, in several countries, golf carts are being used in shopping malls, zoos, and large residential complexes to carry elderly people. The low maintenance requirement of battery-powered golf carts and the rise in the inclination of end users toward sustainable energy solutions have driven the demand for advanced and low maintenance electric golf carts during the forecast period. In addition, the introduction of stringent emission control regulations from authorities further fuels market growth. Therefore, the adoption of electric golf carts by end-users such as golf clubs, airports, malls, and residential societies is increasing, which is driving the demand for golf cart batteries. This, in turn, drives the global advanced lead-acid battery market.

Key Advanced Lead-acid Battery Market Trend

Grid structure changes spurring the demand for energy storage is another factor supporting the data center market growth in the forecast period. The change in power generation, storage, supply, and demand patterns have transformed grid operations. The various challenges faced by grid networks include overdependence on certain sources of power generation, such as natural gas or coal, the integration of renewables into the grid network, the variations in daily load curves, voltage regulation and control, and the implementation of efficient and low-cost energy storage solutions. Therefore, the integration of renewables with the grid network and the selection of the most appropriate energy storage solution have become critical because of the growing adoption of renewable energy sources globally. Moreover, renewable energy sources are intermittent in nature, which renders the power output uncertain on several occasions. As a result, power generation from renewables is highly prone to deviations from the nominal frequency in the grid, along with variable loads. Owing to the advantages of advanced lead-acid batteries over traditional lead-acid batteries, such as superior performance and their low-cost compared to lithium-ion batteries, lead-acid battery technology is witnessing a rapid rise in its adoption for energy storage applications. Therefore, the changing grid structure is expected to contribute to the demand for ESS and, thus, drive the growth of the global advanced lead-acid battery market during the forecast period.

Key Advanced Lead-acid Battery Market Challenge

Increasing competition from lithium-ion batteries will be a major challenge for the data center market during the forecast period. The market for lithium-ion batteries is growing at a rapid rate, which is posing competition for other battery types. The price is a major factor that distinguishes lithium-ion from other batteries. However, leading lithium-ion battery vendors are working on technological advances and reducing the cost. For instance, Tesla Inc., a US-based energy storage and automotive company, announced that it would reduce the cost of lithium-ion batteries to $100 per kWh by 2020 after the commissioning of Tesla Gigafactory. Moreover, the rapid adoption of lithium-ion batteries in applications such as data centers, EVs, and automobiles owing to the decline in their price and other benefits, is boosting the market for lithium-ion batteries. Lithium-ion batteries are safe and environmentally clean products. They can be charged in a normal room as no acid fumes are associated with the charging of these batteries. These advantages of lithium-ion batteries are the biggest threat to the market for advanced lead-acid batteries as demand for replacing lead-acid batteries with modern lithium-ion batteries is increasing. Hence, the continuous adoption and declining cost of lithium-ion batteries are expected to hinder the growth of the global advanced lead-acid battery market.

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. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global advanced lead-acid battery market as a part of the global renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the advanced lead-acid battery market during the forecast period.

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.

 

This statistical study of the advanced lead-acid battery market encompasses successful business strategies deployed by the key vendors. The advanced lead-acid battery market is fragmented and the vendors are deploying growth strategies such as high product differentiation to compete in the market.

Product Insights and News

  • Clarios - The company offers lead-acid batteries such as AGM and flooded for automotive, stationary and motive applications through its brands namely, Varta, Heliar, Optima, LTH, MAC, and Delkor.
  • Exide Industries Ltd. - The company offers a line off products such as Higher KVA and Lower KVA, among others.

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.

The advanced lead-acid battery market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Advanced Lead-acid Battery Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the advanced lead-acid battery market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global renewable electricity market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers providers to ensure a sustainable market presence.

 

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

Advanced Lead-acid Battery Market Market segmentation by region

For more insights on the market share of various regions Request for a FREE sample now!

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. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The above-mentioned factors will drive the demand for advanced lead-acid batteries in APAC during the forecast period. However, the outbreak of COVID-19 in the region in 2020 has slowed down the production of advanced lead-acid batteries. China, which is one of the major manufacturers of advanced lead-acid batteries, has resumed manufacturing activities, with 70% of operational rates from March 11, 2020. However, trade restrictions have reduced the demand for advanced lead-acid batteries, thereby compelling manufacturers to reduce their production volumes. This is expected to slow down the growth of the market in focus in APAC during the forecast period.

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

Advanced Lead-acid Battery Market Segmentation

To gain further insights on the market contribution of various segments Request for a FREE sample

The advanced lead-acid battery market share growth by the application segments. Automotive segment will be significant during the forecast period. 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. 

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

 

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 8.7%

Market growth 2021-2025

$ 3.08 billion

Market structure

Fragmented

YoY growth (%)

7.00

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

APAC at 60%

Key consumer countries

China, US, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data 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 Europe, North America, APAC, South America, and MEA
  • 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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market Overview

    2 Market Landscape

    • 2.1 Market ecosystem
      • Exhibit 08: Parent market
      • Exhibit 09: Market characteristics
    • 2.2 Market characteristics
      • Exhibit 10: Value Chain Analysis: Renewable electricity market (with energy storage)
    • 2.3 Value chain analysis

      3 Market Sizing

      • 3.1 Market definition
        • Exhibit 12: Market segments
      • 3.2 Market segment analysis
        • 3.3 Market size 2020
          • 3.4 Market outlook: Forecast for 2020 - 2025
            • Exhibit 13: Global - Market size and forecast 2020 - 2025 ($ million)
            • Exhibit 14: Global market: Year-over-year growth 2020 - 2025 (%)

          4 Five Forces Analysis

          • 4.1 Five forces summary
            • Exhibit 16: Bargaining power of buyers
          • 4.2 Bargaining power of buyers
            • Exhibit 17: Bargaining power of suppliers
          • 4.3 Bargaining power of suppliers
            • Exhibit 18: Threat of new entrants
          • 4.4 Threat of new entrants
            • Exhibit 19: Threat of substitutes
          • 4.5 Threat of substitutes
            • Exhibit 20: Threat of rivalry
          • 4.6 Threat of rivalry
            • Exhibit 21: Market condition - Five forces 2020
          • 4.7 Market condition

            5 Market Segmentation by Application

            • 5.1 Market segments
              • Exhibit 23: Comparison by Application
            • 5.2 Comparison by Application
              • Exhibit 24: Automotive - Market size and forecast 2020-2025 ($ million)
            • 5.3 Automotive - Market size and forecast 2020-2025
              • Exhibit 25: Automotive - Year-over-year growth 2020-2025 (%)
              • Exhibit 26: Stationary - Market size and forecast 2020-2025 ($ million)
            • 5.4 Stationary - Market size and forecast 2020-2025
              • Exhibit 27: Stationary - Year-over-year growth 2020-2025 (%)
              • Exhibit 28: Others - Market size and forecast 2020-2025 ($ million)
            • 5.5 Others - Market size and forecast 2020-2025
              • Exhibit 29: Others - Year-over-year growth 2020-2025 (%)
              • Exhibit 30: Market opportunity by Application
            • 5.6 Market opportunity by Application

              6 Customer landscape

              • 6.1 Overview

                7 Geographic Landscape

                • 7.1 Geographic segmentation
                  • Exhibit 33: Geographic comparison
                • 7.2 Geographic comparison
                  • Exhibit 34: APAC - Market size and forecast 2020-2025 ($ million)
                • 7.3 APAC - Market size and forecast 2020-2025
                  • Exhibit 35: APAC - Year-over-year growth 2020-2025 (%)
                  • Exhibit 36: EMEA - Market size and forecast 2020-2025 ($ million)
                • 7.4 EMEA - Market size and forecast 2020-2025
                  • Exhibit 37: EMEA - Year-over-year growth 2020-2025 (%)
                  • Exhibit 38: Americas - Market size and forecast 2020-2025 ($ million)
                • 7.5 Americas - Market size and forecast 2020-2025
                  • Exhibit 39: Americas - Year-over-year growth 2020-2025 (%)
                  • Exhibit 40: Key leading countries
                • 7.6 Key leading countries
                  • Exhibit 41: Market opportunity by geography ($ million)
                • 7.7 Market opportunity by geography

                  8 Drivers, Challenges, and Trends

                  • 8.1 Market drivers
                    • 8.2 Market challenges
                      • 8.3 Market trends

                        9 Vendor Landscape

                        • 9.1 Vendor landscape
                          • Exhibit 44: Landscape disruption
                          • Exhibit 45: Industry risks
                        • 9.2 Landscape disruption

                          10 Vendor Analysis

                          • 10.1 Vendors covered
                            • Exhibit 47: Market positioning of vendors
                          • 10.2 Market positioning of vendors
                            • Exhibit 48: Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH - Overview
                            • Exhibit 49: Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH - Product and service
                          • 10.3 Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
                            • Exhibit 50: Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH - Key offerings
                            • Exhibit 51: Clarios - Overview
                            • Exhibit 52: Clarios - Product and service
                          • 10.4 Clarios
                            • Exhibit 53: Clarios - Key offerings
                            • Exhibit 54: Crown Battery Manufacturing Co. - Overview
                            • Exhibit 55: Crown Battery Manufacturing Co. - Product and service
                            • Exhibit 56: Crown Battery Manufacturing Co. - Key offerings
                          • 10.5 Crown Battery Manufacturing Co.
                            • Exhibit 57: East Penn Manufacturing Co. Inc. - Overview
                            • Exhibit 58: East Penn Manufacturing Co. Inc. - Business segments
                          • 10.6 East Penn Manufacturing Co. Inc.
                            • Exhibit 59: East Penn Manufacturing Co. Inc. - Key news
                            • Exhibit 60: East Penn Manufacturing Co. Inc. - Key offerings
                            • Exhibit 61: EnerSys - Overview
                            • Exhibit 62: EnerSys - Business segments
                          • 10.7 EnerSys
                            • Exhibit 63: EnerSys - Key news
                            • Exhibit 64: EnerSys - Key offerings
                            • Exhibit 65: EnerSys - Segment focus
                            • Exhibit 66: Exide Industries Ltd. - Overview
                            • Exhibit 67: Exide Industries Ltd. - Business segments
                          • 10.8 Exide Industries Ltd.
                            • Exhibit 68: Exide Industries Ltd. - Key offerings
                            • Exhibit 69: Exide Industries Ltd. - Segment focus
                            • Exhibit 70: GS Yuasa Corp. - Overview
                            • Exhibit 71: GS Yuasa Corp. - Business segments
                          • 10.9 GS Yuasa Corp.
                            • Exhibit 72: GS Yuasa Corp. - Key news
                            • Exhibit 73: GS Yuasa Corp. - Key offerings
                            • Exhibit 74: GS Yuasa Corp. - Segment focus
                            • Exhibit 75: Leoch International Technology Ltd. - Overview
                            • Exhibit 76: Leoch International Technology Ltd. - Business segments
                          • 10.10 Leoch International Technology Ltd.
                            • Exhibit 77: Leoch International Technology Ltd. - Key news
                            • Exhibit 78: Leoch International Technology Ltd. - Key offerings
                            • Exhibit 79: Leoch International Technology Ltd. - Segment focus
                            • Exhibit 80: Narada Power Source Co. Ltd. - Overview
                            • Exhibit 81: Narada Power Source Co. Ltd. - Business segments
                          • 10.11 Narada Power Source Co. Ltd.
                            • Exhibit 82: Narada Power Source Co. Ltd. - Key news
                            • Exhibit 83: Narada Power Source Co. Ltd. - Key offerings
                            • Exhibit 84: Narada Power Source Co. Ltd. - Segment focus
                            • Exhibit 85: The Furukawa Battery Co. Ltd. - Overview
                            • Exhibit 86: The Furukawa Battery Co. Ltd. - Business segments
                          • 10.12 The Furukawa Battery Co. Ltd.
                            • Exhibit 87: The Furukawa Battery Co. Ltd. - Key offerings
                            • Exhibit 88: The Furukawa Battery Co. Ltd. - Segment focus

                          11 Appendix

                          • 11.1 Scope of the report
                            • Exhibit 89: Currency conversion rates for US$
                          • 11.2 Currency conversion rates for US$
                            • Exhibit 90: Research Methodology
                          • 11.3 Research methodology
                            • Exhibit 91: Validation techniques employed for market sizing
                            • Exhibit 92: Information sources
                            • Exhibit 93: List of abbreviations
                          • 11.4 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
                          Technavio

                          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
                          Technavio

                          TechnavioREPORT WRITING

                          Qualitative

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

                          Quantitative

                          • Market size and forecast
                          • Market segmentation
                          • Geographical insights
                          • Competitive landscape
                          Interested in this report?
                          Get your sample now!
                          Advanced Lead-acid Battery Market market growth will increase by $3.08 bn during 2021-2025.
                          The advanced lead-acid battery market market is expected to grow at a CAGR of 8.7% during 2021-2025.
                          Technavio has segmented the advanced lead-acid battery market market by application (automotive, stationary, and others) ,geography (Europe, North America, APAC, South America, and MEA) , and geographic (APAC, EMEA, and Americas).
                          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. are a few of the key vendors in the advanced lead-acid battery market market.
                          APAC will register the highest growth rate of 60% 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 adoption of advanced lead batteries in emerging golf cart market
                          • grid structure changes spurring the demand for energy storage
                          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.
                          • What are the key global market and the regional market share?
                          • What are the revenue-generating key market segments?
                          • What are the key factors driving and challenging this market’s growth?
                          • Who are the key market vendors and their growth strategies?
                          • What are the latest trends influencing the growth of this market?
                          • What are the variables influencing the market growth in the primary regions?
                          • What are the factors influencing the growth of the parent market?
                          • Off-the-shelf research reports
                          • Reports can be tailored to meet the customer's needs
                          • Trusted by more than 100 fortune 500 organizations
                          • Information about the market's key drivers, trends, and challenges
                          • Parent market analysis
                          • Every week, 50,000 people visit our subscription platform
                          • Detailed vendors report with competitive landscape
                          • Covid-19 impact and recovery analysis
                          • Data on revenue-generating market segments
                          • Details on the market shares of various regions
                          • Five-force market analysis

                          Certified ISO 9001 : 2015

                          We are ISO recognized

                          We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

                          We are GDPR and CCPA compliant

                          We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

                          Safe and Secure SSL Encrypted
                          Technavio

                          info
                          close
                          • Single:

                            One user only.
                            Quick & easy download option

                          • Enterprise:

                            Unlimited user access (Within your organization)
                            Complimentary Customization Included

                          2500 USD

                          Technavio Get the report (PDF) sent to your email within minutes.

                          Subscribe & Save

                          Get lifetime access to our
                          Technavio Insights

                          Customized Report as per your Business Needs

                          • Our analysts will work directly with you and understand your needs
                          • Get data on specified regions or segments, competitor and Vendors
                          • Data will be formatted and presented as per your requirements
                          • We offer $1000 worth of FREE customization at the time of purchase

                          Let us help you make report more suited to your requirements.

                          • Get a competitive breakdown as per your niche industry
                          • Customize the data with various metrics that meet your business prerequisite
                          • Understand Revenue Sources, Customers and many more
                          • Details on Market Share
                          • These customizations are done in a short amount of time by our analysts and industry experts
                          Technavio
                          Enquire Before Buying
                          17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>