Industrial Lead-Acid Battery Market 2024-2028
The industrial lead-acid battery market is forecasted to grow by USD 6,208.69 mn during 2023-2028, accelerating at a CAGR of 6.63% during the forecast period. The report on the industrial lead-acid battery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising focus on green telecom towers, change in global energy mix, and high demand for electric forklift applications.
Technavio's industrial lead-acid battery market is segmented as below:
By Application
- Stationary industrial lead-acid batteries
- Motive power industrial lead-acid batteries
By Type
- FLA batteries
- VRLA batteries
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the growing number of microgrid installations as one of the prime reasons driving the industrial lead-acid battery market growth during the next few years. Also, rise in adoption of hybrid power systems in telecom towers and development of advanced lead-acid batteries will lead to sizable demand in the market.
The report on the industrial lead-acid battery market covers the following areas:
- Industrial lead-acid battery market sizing
- Industrial lead-acid battery market forecast
- Industrial lead-acid battery market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial lead-acid battery market vendors that include Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, Amara Raja Batteries Ltd., C and D Technologies Inc., Coslight International Group, Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., EnerSys, EverExceed Corp., Exide Industries Ltd., Exponential Power Inc., Furukawa Electric Co. Ltd., GS Yuasa International Ltd., Hankook Tire and Technology Co. Ltd., HBL Power Systems Ltd., Korea Battery Co. Ltd., Leoch International Technology Ltd., Microtex Energy Pvt. Ltd., MIDAC SpA, Panasonic Holdings Corp., and Surrette Battery Co. Ltd.. Also, the industrial lead-acid battery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.