30.06.2022 09:20

Advanced Lead-acid Battery Market: 60% of Growth to Originate from APAC | By Application and Region - Global Forecast to 2025

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NEW YORK, June 30, 2022 /PRNewswire/ -- Grid structure changes spurring the demand for energy storage will be a key trend for the Advanced Lead-acid Battery Market in the forecast period. The change in power generation, storage, supply, and demand patterns have transformed grid operations. The various challenges faced by grid networks include overdependence on certain sources of power generation, such as natural gas or coal, the integration of renewables into the grid network, the variations in daily load curves, voltage regulation and control, and the implementation of efficient and low-cost energy storage solutions. Therefore, the integration of renewables with the grid network and the selection of the most appropriate energy storage solution have become critical because of the growing adoption of renewable energy sources globally. Moreover, renewable energy sources are intermittent in nature, which renders the power output uncertain on several occasions. As a result, power generation from renewables is highly prone to deviations from the nominal frequency in the grid, along with variable loads. Owing to the advantages of advanced lead-acid batteries over traditional lead-acid batteries, such as superior performance and their low-cost compared to lithium-ion batteries, lead-acid battery technology is witnessing a rapid rise in its adoption for energy storage applications. Therefore, the changing grid structure is expected to contribute to the demand for ESS and, thus, drive the growth of the global advanced lead-acid battery market during the forecast period.

Technavio has announced its latest market research report titled Advanced Lead-acid Battery Market by Application and Geography - Forecast and Analysis 2021-2025

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Advanced Lead-acid Battery Market Application Outlook (Revenue, USD bn, 2020-2025)

  • Automotive - size and forecast 2020-2025
  • Stationary - size and forecast 2020-2025
  • Others - size and forecast 2020-2025

Advanced Lead-acid Battery Market Geography Outlook (Revenue, USD bn, 2020-2025)

  • Europe - size and forecast 2020-2025
  • North America - size and forecast 2020-2025
  • APAC - size and forecast 2020-2025
  • South America - size and forecast 2020-2025
  • MEA - size and forecast 2020-2025

For more insights on the market share & contribution of various regions & segments – Request Sample Report

Advanced Lead-acid Battery Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.7%

Market growth 2021-2025

$ 3.08 billion

Market structure

Fragmented

YoY growth (%)

7.00

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

APAC at 60%

Key consumer countries

China, US, Japan, India, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AHCZS, Clarios, Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., GS Yuasa Corp., Leoch International Technology Ltd., Narada Power Source Co. Ltd., and The Furukawa Battery Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Advanced Lead-acid Battery Market: Growing Adoption of Advanced Lead Batteries in Emerging Golf Cart Market to Drive the Market Growth

Globally, the golf cart market is expected to continue to grow rapidly during the forecast period owing to the rise in popularity of golf as a game in developed countries such as the US and the UK. Golf carts are being used for commercial purposes along with their use in golf courses. For instance, in several countries, golf carts are being used in shopping malls, zoos, and large residential complexes to carry elderly people. The low maintenance requirement of battery-powered golf carts and the rise in the inclination of end-users toward sustainable energy solutions have driven the demand for advanced and low-maintenance electric golf carts during the forecast period. In addition, the introduction of stringent emission control regulations from authorities further fuels market growth. Therefore, the adoption of electric golf carts by end-users such as golf clubs, airports, malls, and residential societies is increasing, which is driving the demand for golf cart batteries. This, in turn, drives the global advanced lead-acid battery market.

For more insights on the drivers, trends, and challenges that will help companies evaluate and develop growth strategies – Download Sample Report

Some of the Major Advanced Lead-acid Battery Companies:

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • AHCZS
  • Clarios
  • Crown Battery Manufacturing Co.
  • East Penn Manufacturing Co. Inc.
  • EnerSys
  • Exide Industries Ltd.
  • GS Yuasa Corp.
  • Leoch International Technology Ltd.
  • Narada Power Source Co. Ltd.
  • The Furukawa Battery Co. Ltd.

The advanced lead-acid battery market is fragmented and the vendors are deploying growth strategies such as high product differentiation to compete in the market.

Advanced Lead-acid Battery Market: Increasing Competition from Lithium-ion Batteries to Hamper the Market Growth

The market for lithium-ion batteries is growing at a rapid rate, which is posing competition for other battery types. The price is a major factor that distinguishes lithium-ion from other batteries. However, leading lithium-ion battery vendors are working on technological advances and reducing the cost. For instance, Tesla Inc., a US-based energy storage and automotive company, announced that it would reduce the cost of lithium-ion batteries to $100 per kWh by 2020 after the commissioning of Tesla Gigafactory. Moreover, the rapid adoption of lithium-ion batteries in applications such as data centers, EVs, and automobiles owing to the decline in their price and other benefits, is boosting the market for lithium-ion batteries. Lithium-ion batteries are safe and environmentally clean products. They can be charged in a normal room as no acid fumes are associated with the charging of these batteries. These advantages of lithium-ion batteries are the biggest threat to the market for advanced lead-acid batteries as demand for replacing lead-acid batteries with modern lithium-ion batteries is increasing. Hence, the continuous adoption and declining cost of lithium-ion batteries are expected to hinder the growth of the global advanced lead-acid battery market.

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Related Reports Include:

Lead Acid Battery Market in US by Application and Type - Forecast and Analysis 2022-2026: The lead acid battery market in US share is expected to increase to USD 939.46 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.82%. Find More Exclusive Research Insights Here

Solar PV Market in APAC by End-user and Geography - Forecast and Analysis 2022-2026: The solar PV market share in APAC is expected to increase to USD 150.13 million by 2026, and the market's growth momentum will accelerate at a CAGR of 21.74%. Find More Exclusive Research Insights Here

Table of Contents

1 Executive Summary

  • 1.1 Market Overview

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 08: Parent market
    • Exhibit 09: Market characteristics
  • 2.2 Market characteristics
    • Exhibit 10: Value Chain Analysis: Renewable electricity market (with energy storage)
  • 2.3 Value chain analysis

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Market segments
  • 3.2 Market segment analysis
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 13: Global - Market size and forecast 2020 - 2025 ($ million)
    • Exhibit 14: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 16: Bargaining power of buyers
  • 4.2 Bargaining power of buyers
    • Exhibit 17: Bargaining power of suppliers
  • 4.3 Bargaining power of suppliers
    • Exhibit 18: Threat of new entrants
  • 4.4 Threat of new entrants
    • Exhibit 19: Threat of substitutes
  • 4.5 Threat of substitutes
    • Exhibit 20: Threat of rivalry
  • 4.6 Threat of rivalry
    • Exhibit 21: Market condition - Five forces 2020
  • 4.7 Market condition

5 Market Segmentation by Application

  • 5.1 Market segments
    • Exhibit 23: Comparison by Application
  • 5.2 Comparison by Application
    • Exhibit 24: Automotive - Market size and forecast 2020-2025 ($ million)
  • 5.3 Automotive - Market size and forecast 2020-2025
    • Exhibit 25: Automotive - Year-over-year growth 2020-2025 (%)
    • Exhibit 26: Stationary - Market size and forecast 2020-2025 ($ million)
  • 5.4 Stationary - Market size and forecast 2020-2025
    • Exhibit 27: Stationary - Year-over-year growth 2020-2025 (%)
    • Exhibit 28: Others - Market size and forecast 2020-2025 ($ million)
  • 5.5 Others - Market size and forecast 2020-2025
    • Exhibit 29: Others - Year-over-year growth 2020-2025 (%)
    • Exhibit 30: Market opportunity by Application
  • 5.6 Market opportunity by Application

6 Customer landscape

  • 6.1 Overview

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 33: Geographic comparison
  • 7.2 Geographic comparison
    • Exhibit 34: APAC - Market size and forecast 2020-2025 ($ million)
  • 7.3 APAC - Market size and forecast 2020-2025
    • Exhibit 35: APAC - Year-over-year growth 2020-2025 (%)
    • Exhibit 36: EMEA - Market size and forecast 2020-2025 ($ million)
  • 7.4 EMEA - Market size and forecast 2020-2025
    • Exhibit 37: EMEA - Year-over-year growth 2020-2025 (%)
    • Exhibit 38: Americas - Market size and forecast 2020-2025 ($ million)
  • 7.5 Americas - Market size and forecast 2020-2025
    • Exhibit 39: Americas - Year-over-year growth 2020-2025 (%)
    • Exhibit 40: Key leading countries
  • 7.6 Key leading countries
    • Exhibit 41: Market opportunity by geography ($ million)
  • 7.7 Market opportunity by geography

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Vendor landscape
    • Exhibit 44: Landscape disruption
    • Exhibit 45: Industry risks
  • 9.2 Landscape disruption

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 47: Market positioning of vendors
  • 10.2 Market positioning of vendors
    • Exhibit 48: Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH - Overview
    • Exhibit 49: Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH - Product and service
  • 10.3 Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
    • Exhibit 50: Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH - Key offerings
    • Exhibit 51: Clarios - Overview
    • Exhibit 52: Clarios - Product and service
  • 10.4 Clarios
    • Exhibit 53: Clarios - Key offerings
    • Exhibit 54: Crown Battery Manufacturing Co. - Overview
    • Exhibit 55: Crown Battery Manufacturing Co. - Product and service
    • Exhibit 56: Crown Battery Manufacturing Co. - Key offerings
  • 10.5 Crown Battery Manufacturing Co.
    • Exhibit 57: East Penn Manufacturing Co. Inc. - Overview
    • Exhibit 58: East Penn Manufacturing Co. Inc. - Business segments
  • 10.6 East Penn Manufacturing Co. Inc.
    • Exhibit 59: East Penn Manufacturing Co. Inc. - Key news
    • Exhibit 60: East Penn Manufacturing Co. Inc. - Key offerings
    • Exhibit 61: EnerSys - Overview
    • Exhibit 62: EnerSys - Business segments
  • 10.7 EnerSys
    • Exhibit 63: EnerSys - Key news
    • Exhibit 64: EnerSys - Key offerings
    • Exhibit 65: EnerSys - Segment focus
    • Exhibit 66: Exide Industries Ltd. - Overview
    • Exhibit 67: Exide Industries Ltd. - Business segments
  • 10.8 Exide Industries Ltd.
    • Exhibit 68: Exide Industries Ltd. - Key offerings
    • Exhibit 69: Exide Industries Ltd. - Segment focus
    • Exhibit 70: GS Yuasa Corp. - Overview
    • Exhibit 71: GS Yuasa Corp. - Business segments
  • 10.9 GS Yuasa Corp.
    • Exhibit 72: GS Yuasa Corp. - Key news
    • Exhibit 73: GS Yuasa Corp. - Key offerings
    • Exhibit 74: GS Yuasa Corp. - Segment focus
    • Exhibit 75: Leoch International Technology Ltd. - Overview
    • Exhibit 76: Leoch International Technology Ltd. - Business segments
  • 10.10 Leoch International Technology Ltd.
    • Exhibit 77: Leoch International Technology Ltd. - Key news
    • Exhibit 78: Leoch International Technology Ltd. - Key offerings
    • Exhibit 79: Leoch International Technology Ltd. - Segment focus
    • Exhibit 80: Narada Power Source Co. Ltd. - Overview
    • Exhibit 81: Narada Power Source Co. Ltd. - Business segments
  • 10.11 Narada Power Source Co. Ltd.
    • Exhibit 82: Narada Power Source Co. Ltd. - Key news
    • Exhibit 83: Narada Power Source Co. Ltd. - Key offerings
    • Exhibit 84: Narada Power Source Co. Ltd. - Segment focus
    • Exhibit 85: The Furukawa Battery Co. Ltd. - Overview
    • Exhibit 86: The Furukawa Battery Co. Ltd. - Business segments
  • 10.12 The Furukawa Battery Co. Ltd.
    • Exhibit 87: The Furukawa Battery Co. Ltd. - Key offerings
    • Exhibit 88: The Furukawa Battery Co. Ltd. - Segment focus

11 Appendix

  • 11.1 Scope of the report
    • Exhibit 89: Currency conversion rates for US$
  • 11.2 Currency conversion rates for US$
    • Exhibit 90: Research Methodology
  • 11.3 Research methodology
    • Exhibit 91: Validation techniques employed for market sizing
    • Exhibit 92: Information sources
    • Exhibit 93: List of abbreviations
  • 11.4 List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

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Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

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