United States Lead Acid Battery Market is expected to grow at a robust CAG
United States Lead Acid Battery Market
is expected to grow owing to increasing sales of automobiles throughout the
forecast period.
According to TechSci Research report, “United States Lead Acid Battery Market
– By Region, Competition, Forecast and
Opportunities, 2018-2028”, the United States Lead Acid Battery
Market is expected to register robust growth during the forecast period. The market is anticipated to experience growth due to
the rising adoption of lead acid batteries in automobiles and Uninterruptible
Power Source (UPS), coupled with advancements in manufacturing methods. The
increasing demand for lead acid batteries in off-grid power generation is
expected to drive market expansion. Furthermore, the development in the
transportation industry, coupled with the growing applications of energy
storage, is projected to fuel industry demand in the near future. The
escalating demand for UPS in various sectors, including banking, oil & gas,
healthcare, and chemicals, has further propelled industry growth.
While lithium-ion batteries currently dominate the
electric vehicle (EV) market, lead acid batteries still play a crucial role in
hybrid vehicles. As the automotive industry continues to evolve, there exists
an opportunity for lead acid batteries to contribute to various forms of
hybridization, including mild hybrids and plug-in hybrids. Manufacturers can
explore optimization techniques for lead acid batteries in these hybrid
systems, thereby enhancing their efficiency and performance.
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Based on product, the Start Light &
Ignition Batteries (SLI)segment is expected to dominate the market during the
forecast period. The United States Lead Acid Battery Market is a vital
component of the automotive and industrial sectors in the country. Within this
market, the SLI (Start Light & Ignition) batteries segment plays a pivotal
role in providing power for vehicle ignition, lighting systems, and supporting
internal combustion engines. The SLI batteries segment holds significant
importance in the overall lead acid battery market in the United States. Its
growth closely correlates with the health of the automotive industry and the
demand for reliable, high-performance batteries to start vehicles. The
automotive industry's well-being remains a primary driver for SLI battery
demand. Factors such as increased vehicle production, the growing popularity of
electric vehicles (EVs), and the need for dependable starting power continue to
drive the demand. Ongoing research and development efforts in the lead acid
battery sector aim to enhance performance, cycle life, and safety, thereby
improving the competitiveness of SLI batteries. Manufacturers are also
investing in recycling technologies to minimize the environmental impact of
lead-acid batteries, potentially reducing disposal costs and addressing
environmental concerns. The SLI batteries segment in the United States plays a
crucial role in powering vehicles and ensuring their reliable operation.
Based on construction method, the Valve
Regulated Lead Acid (VRLA) Batteries segment is projected to dominate the
market throughout the forecast period. Valve Regulated Lead Acid (VRLA)
batteries constitute a significant and expanding segment within the Lead Acid
Battery Market in the United States. Renowned for their maintenance-free and
sealed design, these batteries find diverse applications in backup power
systems, telecommunications, uninterruptible power supplies (UPS), and
renewable energy storage. The VRLA batteries segment has consistently witnessed
growth, primarily driven by the increasing demand for backup power solutions
across various industries, alongside advancements in battery technology. The
escalating reliance on technology, data centers, and telecommunications
infrastructure has fueled the need for reliable backup power solutions. VRLA
batteries offer a dependable source of backup power during grid failures.
Ongoing research and development endeavors aim to enhance the performance and
lifespan of VRLA batteries, positioning them as competitive alternatives in the
energy storage landscape.
Key market players in the United States
Lead Acid Battery Market are:-
- Crown Battery Manufacturing Company
- C&D Technologies, Inc.
- EXIDE INDUSTRIES LTD.
- East Penn Manufacturing Co., Inc.
- Clarios
- EnerSys
- Power Sonic Corporation
- Universal Power Group, Inc.
- U.S. Battery Manufacturing Company
- Schumacher Electric Corporation
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“The United States Lead Acid Battery
Market in North-East US is poised to be the dominant force in the industry. The
region has been actively investing in renewable energy sources such as solar
and wind power. Lead acid batteries find applications in energy storage,
particularly in residential and commercial systems. As states implement
renewable energy initiatives, there is an opportunity for lead acid batteries
in these energy storage applications.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“United States Lead Acid Battery Market
Segmented By Product (Stationary, Motive, and Start Light & Ignition
Batteries (SLI)), By Construction Method (Flooded and Valve Regulated Lead Acid
(VRLA) Batteries), By Sales Channel (Original Equipment Market (OEM) and
Aftermarket), By Applications (Transportation, Industrial Motive, Stationary
Industrial, Residential, and Commercial), By Region, and By Competition,
2018-2028F,” has evaluated the future growth potential of United States Lead Acid
Battery Market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in United States Lead Acid
Battery Market.
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