The global market for lead-acid batteries should grow from $48.5 billion in 2019 to reach $78.7 billion by 2024 at a compound annual growth rate (CAGR) of 10.2% for the period of 2019-2024.
- 52 data tables and 15 additional tables
- Evaluation of the global lead-acid battery market and assesment of its growth potential
- Detailed description of construction of lead acid batteries and factors influencing battery life
- Information on different types of lead batteries such as enhanced flooded batteries, flooded batteries, and VRLA batteries.
- Insight into safety and environmental consideration regarding the usage of lead acid batteries
- Company profiles of major players in the industry, including Amara Raja Batteries Ltd., Banner Batteries, Camel Group, Daramic LLC and Exide Technologies
The scope of this market study includes the leading lead-acid battery technologies that are currently in use globally. Lead-acid battery technologies are used across a number of industries and applications, such as automotive, renewable energy and telecommunications. The lead-acid battery technologies discussed in this report are in use across the industries mentioned above and many more as well, as new sectors driven by product innovation and end-user applications emerge.
The market analysis provided in this report is based on a variety of data sources. These include the most recent government, industry, academic and company data regarding the projected level of demand for lead-acid battery technologies. This report quantifies lead-acid battery technologies used across different applications and the different types of lead-acid battery types manufactured for these applications. Therefore, this report provides a comprehensive review of available data to provide a realistic and accurate assessment of this evolving market.
BCC Research analyzes each major lead-acid battery technology, determines its current market status, examines its impact on future markets, and presents forecasts of growth over the next five years. Estimated values used are based on manufacturers’ total revenues. Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation. Technological issues, including the latest trends, are assessed and discussed, as are the current and likely-to-appear regulatory environments in support of this industry.
BCC Research analyzes the industry on a worldwide basis in terms of its manufacturing and use of lead-acid battery technologies. BCC Research examines government roles in support of lead-acid battery technologies worldwide, including regulatory support and government requirements. The report provides a review of the most relevant lead-acid battery technologies, discusses recent trends and sales and provides industry overviews and market assessments for leading lead-acid battery technologies.
Christopher Maara holds a Master's degree in Finance and Development (Msc) from University of London's School of Oriental and African Studies (SOAS), and has been a Country Risk, Energy Markets and Lead Analyst with London-based Business Monitor International (BMI) and Visiongain Limited, as well with Investment & Research Ltd based in Nairobi. He is also the Founder and Business Development Manager for Kiri Energy Limited, a renewable energy company based in Nairobi, Kenya, where he has worked on a number small-scale, mini-hydro and solar projects in Kenya involving system design and installation.
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