The U.S. motive lead acid battery market is expected to reach USD 1.57 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.3% from 2023 to 2030. The demand for lead-acid batteries in the country is majorly driven by their wide application in the automotive industry as a battery backup system for electric vehicles. As electric vehicles are gaining popularity in the U.S. market as a sustainable mode of transportation, the demand for motive lead-acid batteries is anticipated to grow considerably over the forecast period.
U.S. Motive Lead Acid Battery Market Report Highlights
- The market was worth USD 1.19 Billion in 2022 and is projected to grow at a CAGR of 3.3% during the forecast period.
- According to the World Wind Energy Association, the U.S. is the world’s second-largest producer of energy and wind and is anticipated to witness substantial growth in the production of energy and wind over the forecast period. In the U.S., the evolution of the energy system is driven by technology innovation, market competition, and state/local policies expressing citizen preference rather than central government planning. This is anticipated to augment the market growth.
- The Material handling segment accounted for 25.96% share in 2022 in the market owing to the increasing investment in these equipment and machinery.
- Valve Regulated Lead Acid Battery in construction segment is projected to grow at a substantial rate throughout the forecast period.
- 9% Purity (Pure Lead acid) in purity segment accounted for largest share 82.10% share in 2022.
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Moreover, industrial sector, including chemical, shipping, metal, and mining, is expected to hold a major share of lead-acid battery applications, owing to rapid industrialization. A large manufacturing base of chemical companies and the presence of multinationals, including Bayer AG, BASF SE, Dow, and Akzo Nobel N.V., adopting lead acid batteries as a UPS system are expected to increase industry penetration over the forecast period. The benefits of lithium-ion batteries are a cost-effective and high energy density & better cycle life compared with lead acid batteries. The aforementioned factors make lithium-ion batteries a growing alternative to lead acid batteries, which is anticipated to hinder market growth in the coming years.
The rising demand for ESS is expected to fuel product demand over the forecast period. ESS utilizes batteries considering its advantages such as recyclability, high power delivery, and cost-effectiveness. Lead acid batteries are the most-used battery types for ESS due to applications such as battery systems, emergency power supply systems, and stand-alone systems with PV for mitigating output fluctuations from solar and wind power. Furthermore, lead acid batteries are lower in cost compared to alternatives and are expected to witness industry growth in the coming years.
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We have segmented the U.S. motive lead acid battery market based on construction, purity application, and material handling.
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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The latest trending report Global Battery Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Battery market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.The global Battery market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 3.5%% in the forecast period of 2020 to 2025 and will expected to reach USD 113920 million by 2025, from USD 99120 million in 2019.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/29668-battery-market-analysis-reportThe major players covered in Battery are:Johnson ControlsEast PennSAMSUNGLG ChemEnerSysPanasonicATLExideGS YuasaBYDSONYAtlasBXDuracellMaxellGP BatteriesTianjin LishenEnergizerC TechnologiesFurukawa BatteryBAKNanfu BatteryFUJIFILMZhongyin (Ningbo) BatteryBy Type, Battery market has been segmented intoLead AcidLithium Ion & Nickel Metal HydrideBy Application, Battery has been segmented into:Home UseCommercial UseThe report offers in-depth assessment of the growth and other aspects of the Battery market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
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Statcon Energiaa is a leading brand in India that manufacture and deal in Battery, Energy Storage System ESS and Solar Inverters for home.
Latest released research study on Global Lead Acid Battery Market, offers a detailed overview of the factors influencing the global business scope.
Exhaustive key regional and country level trends and growth drivers are analysed to provide granular market analysis.
We understand that this health crisis has brought an unprecedented impact on businesses across industries.
Secondary data sources include company websites, magazines, press releases, SEC filings, various paid databases and others.
https://reportcrux.com/request-customization/Lead-Acid-Battery-MarketSome of the valuable insights presented in the research on Lead Acid Battery Market are:Current evaluation of the Lead Acid Battery MarketProjected evaluation of the global market at the end of the forecast periodExpected CAGR during the forecast period of 2021 to 2027Impact of COVID-19 on production and distribution channelsMarketing and advertising trends in Lead Acid Battery MarketAvenues and potential opportunities for new entrants in the marketDistinct segmentation of the Lead Acid Battery MarketEmerging technologies that could revolutionize the marketRegions with attractive investment opportunities in Lead Acid Battery MarketRegions anticipated to dominate the market during forecast periodList of key players in the Lead Acid Battery MarketCompetitive Landscape and Lead Acid Battery Market Share AnalysisAnti-Spit up Formula competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Anti-Spit up Formula sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch.
Hence, the rise in the sales of the vehicles indirectly drives the growth of the SLI batteries as a very cost-effective energy source.Rise in the manufacturing of the vehicles especially in the countries like the U.S., South Korea, Mexico, Brazil, India, Japan and China is expected to increase the market share for SLI type in the forecast period.Based on technologyAdvanced technology segment of the global lead acid batteries to grow with the fastest CAGR between 2021 to 2028Based on technology the market is divided into Advanced and Basic technologies.
The latest trending report Global Battery Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Battery market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.The global Battery market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 3.5%% in the forecast period of 2020 to 2025 and will expected to reach USD 113920 million by 2025, from USD 99120 million in 2019.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/16609-battery-market-analysis-reportThe major players covered in Battery are:Johnson ControlsEast PennSAMSUNGLG ChemEnerSysPanasonicATLExideGS YuasaBYDSONYAtlasBXDuracellMaxellGP BatteriesTianjin LishenEnergizerC TechnologiesFurukawa BatteryBAKNanfu BatteryFUJIFILMZhongyin (Ningbo) BatteryBy Type, Battery market has been segmented intoLead AcidLithium Ion & Nickel Metal HydrideBy Application, Battery has been segmented into:Home UseCommercial UseThe report offers in-depth assessment of the growth and other aspects of the Battery market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Battery Market @ https://www.decisiondatabases.com/contact/download-sample-16609The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Battery product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Battery, with price, sales, revenue and global market share of Battery in 2018 and 2019.Chapter 3, the Battery competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Battery breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Battery market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Battery sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Battery Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-16609All Battery Related Reports by DecisionDatabases.com @ https://goo.gl/UeS6ATAbout-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com/
