Global Stationary Lead Acid Battery Market 2018 Analysis by Major Types, Storage Capacity, Top Manufacturers, Applications, Market Drivers and Opportunities till 2023
Aug 17, 2018
Global Stationary Lead Acid Battery Market is culminated from appraise USD 8.33 billion in 2017 and highlights applications which outstands the possessions like battery performance, efficiency & environment-friendly products.
dallas, united states - August 17, 2018 /MarketersMedia/ —
Global Stationary Lead Acid Battery Market 2018-2023
The global Stationary Lead Acid Battery Market is anticipated to expand over a CAGR of 4.4% over the forecast period from 2018 to 2023. Increasing penetration of lead acid batteries in numerous power backup applications that range from automotive starting/lighting/ignition (SLI) and industrial batteries for motion power to large stationary batteries for standby-power. The stationary lead acid battery has recently entered the commercial space with numerous players entering the Stationary Lead Acid Battery Market to address the potentially growing demand.
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Stationary Lead Acid Battery Market is strongly guided by following key players:
Exide Technologies
Hitachi Chemical Energy Technology
GS Yuasa
Coslight International
GS Yuasa
East Penn
Enersys
Amara Raja
NorthStar Battery Company LLC
The Stationary Lead Acid Battery Market development has paced up over the past few years as the stationary lead acid battery manufacturers are focusing on offering products that provide reliable and quality power supply. Additionally, the Chinese government’s targets of adding 175 GW of renewable energy capacity by 2022, rising heavy investments, expansion and upgrade of transmission & distribution network are leading to robust electricity market growth. Also, planning and development of energy storage projects in Latin America and Middle East & Africa are expected to accelerate the product demand and provide valuable services to the grid.
In 2017, telecom accounted for nearly half of the global stationary lead acid (SLA) battery market share. Rising telecom sector along with enhanced utilization of lead acid batteries as a prime backup power source to reduce power outages and data losses are some of the factors driving the product demand. The growth of the data center and telecommunication industries is expected to drive the demand for SLA batteries over the forecast period.
Asia Pacific was the largest market for stationary lead acid battery and is expected to witness the fastest growth over the next few years owing to rising R&D investments by manufacturers as well as developing off-grid renewable energy industry. The increased foreign direct investment in Asia Pacific is expected to facilitate the development of infrastructure and capital equipment. Moreover, rising emergence for efficient power backup systems in electricity, oil & gas industries, security systems are likely to open new opportunities for the market growth over the years ahead. Also, varied governmental policies such as Renewable Energy Quota Management Approach and National Energy Development Strategy 2014-2020 will supplement demand over the forecast period of 2018 to 2023.
The competitive landscape of the global Stationary Lead Acid Battery Market is highly fragmented owing to the presence of several local players. Typically, the majority of the players cater to their local market with little presence overseas. Companies such as GS Yuasa, Johnson Controls, and Enersys are in process of maintaining existing clients and venturing into new markets to increase revenue profits and maintain company growth.
***Key segments of the global Stationary Lead Acid Battery Market:
Construction Type Overview, 2011 – 2023 (Million kVAh) (USD Million)
Flooded acid battery
Sealed acid battery
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Stationary Lead Acid Battery Market Applications Overview, 2011 – 2023 (Million kVAh) (USD Million)
Telecom
UPS
Utility
Emergency Lighting
Security Systems
Cable Television/Broadcasting
Oil & Gas
Renewable Energy
Railway Backup Systems
Others
Distribution Channel Overview, 2011 – 2023 (Million kVAh) (USD Million)
OEM
Aftermarket
Region/Country Overview, 2011 – 2023 (Million kVAh) (USD Million)
North America
Europe
Asia Pacific
South America
Middle East & Africa
****What does the Stationary Lead Acid Battery Market report includes?
The study on the global stationary lead acid battery market includes qualitative factors such as drivers, restraints, and opportunities
Additionally, the Stationary Lead Acid Battery Market has been evaluated using the value chain and Porter’s Five Forces’ analysis
The study covers qualitative and quantitative analysis of the market segmented on the basis of construction type, application and distribution channel. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments
The study includes the profiles of key players in the Stationary Lead Acid Battery Market with a significant global and/or regional presence
*****Major Points from TOC:
Chapter 1 Research Methodology
Chapter 2 Executive Summary
Chapter 3 Market Outlook
Chapter 4 Type Overview
Chapter 5 Application Overview
Chapter 6 Distribution Channel Overview
Chapter 7 Regional Overview
Chapter 8 Industry Structure
Chapter 9 Company Profiles
…Continued
***List of Tables present in the report :
Impact of market drivers
Impact of market restraints
Stationary lead acid battery cost breakdown
Global Stationary lead acid battery market, by construction type (Million kVAh) (USD Million)
Global Stationary lead acid battery market, by application (Million kVAh) (USD Million)
Global Stationary lead acid battery market, by distribution channel (Million kVAh) (USD Million)
Global Stationary lead acid battery market, by region (Million kVAh) (USD Million)
North America Stationary lead acid battery market, by construction type (Million kVAh) (USD Million)
…Continued
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps
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Source: MarketersMedia
Release ID: 394182
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