Global Lead-Acid Battery Aftermarket 2017-2021

Overview of the global lead-acid battery aftermarket

As per the Technavio’s market research report, the global lead-acid battery aftermarket is expected to grow moderately and post a CAGR of more than 14% during the forecast period. The growing number of investments in green telecom will drive the growth prospects for the global lead-acid battery aftermarket until the end of 2021. Companies such as Eaton are taking efforts to integrate clean fuel-cell backup power solutions and generator start-up optimization software and integrate smart grids with their existing product portfolio to reduce the carbon footprint. The growing demand for providing green energy in the telecom sector is encouraging more investments and funding for research and developmental activities on batteries. As a result, the telecom power system manufacturers are expanding their product portfolio with green telecom power systems, which, in turn, will create the demand for lead-acid batteries.

The rise in adoption of renewable hybrid power systems in telecom towers will drive the growth prospects for the global lead-acid battery aftermarket during the projected period. The growing adoption rate of renewable hybrid power systems to solve the problem of electricity imbalances in remote locations will boost the demand for battery energy storage, which will further drive the market’s growth.

Competitive landscape and key vendors

The global lead-acid battery aftermarket is highly competitive and appears to be fragmented due to the presence of many global and regional vendors. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are some of the key factors that challenge the growth of these vendors. Also, a continuous demand for upgrades and innovations, changing preferences, and the rising preference for advanced battery technologies will also make it difficult for vendors to survive the market competition. The new and existing vendors are increasingly focusing on effectively improving their sales, distribution, and working capital to sustain the competition and improve revenue shares.

Key vendors in this market are -

• East Penn Manufacturing
• EnerSys
• Exide Technologies
• GS Yuasa
• Johnson Controls

Other prominent vendors in the market include Alpha Technologies, Amara Raja, BAE Batterien, C&D Technologies, Crown Battery, DAEJIN BATTERY, DMS technologies, EverExceed, Exide Industries, HBL Power Systems, HOPPECKE Batterien, Microtex Energy, MIDAC Batteries, Navitas System, NorthStar, Panasonic Battery, Rolls Battery, Storage Battery Systems, Su-Kam Power Systems, Trojan Battery Company, West Marine, and Yokohama Trading.

Segmentation by application and analysis of the lead-acid battery aftermarket

• Industrial
• Automotive

The automotive segment accounted for the majority market share during 2016 and is estimated to continue its domination till the end of the forecast period as well. Factors such as the growth in economy, rising disposable incomes, and increasing traffic that influence the growth of the two-wheeler market in China, will be a major factor propeling the growth of lead-acid battery aftermarket in the automotive sector.

Segmentation by geography and analysis of the lead-acid battery aftermarket

• Americas
• APAC
• EMEA

APAC was the largest revenue contributor to the global lead-acid battery aftermarket during 2016 and will continue to lead the market during the forecast period. The region is experiencing a high demand for lead-acid batteries from the telecom, data centers, and automotive industries and also from the developing countries such as China and India due to the availability of lower-priced batteries offered by local manufacturers. With the rising penetration of smartphones and the rapid growth in rural subscribers, the lead-acid battery market in this region will post considerable growth in the next few years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global lead-acid battery aftermarket?
• What are the key market trends impacting the growth of the global lead-acid battery aftermarket?
• What are the challenges to market growth?
• Who are the key vendors in the global lead-acid battery aftermarket?
• What are the market opportunities and threats faced by the vendors in the global lead-acid battery aftermarket?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global lead-acid battery aftermarket?

Technavio also offers customization on reports based on specific client requirement.