Industrial Lead Acid Battery Market is expected to grow at a robust CAGR
Rising
demands for lead acid batteries in the telecom, UPS, and motive power
applications are likely to propel the market of Industrial Lead Acid Battery
Market in the forecast period.
According
to TechSci Research report, “Industrial
Lead Acid Battery Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast 2018-2028”, the Global Industrial Lead Acid
Battery Market is expected to register robust growth during the
forecast period. The industrial
lead-acid battery market is driven by the growing need for uninterrupted power
supply (UPS) and backup solutions across a wide range of industries. In today's
digitally-driven world, businesses and critical infrastructures rely heavily on
continuous and reliable power to prevent data loss, equipment damage, and
operational downtime. Industrial lead-acid batteries serve as a vital source of
backup power, providing energy during grid outages or fluctuations. Industries
such as data centers, telecommunications, manufacturing, healthcare, and
transportation require robust backup solutions to ensure their operations
remain undisrupted. Lead-acid batteries offer a proven and cost-effective
solution for providing temporary power during emergencies. Their ability to
deliver high current output and sustain power over extended periods makes them
a preferred choice for backup power applications. As businesses continue to
prioritize seamless operations and risk mitigation, the demand for industrial
lead-acid batteries for UPS and backup purposes is expected to drive market
growth.
The global shift
towards cleaner and sustainable energy sources has led to increased integration
of renewable energy systems, such as solar and wind power. However, the
intermittent nature of renewable energy generation necessitates efficient
energy storage solutions to manage fluctuations in power supply. Industrial
lead-acid batteries play a crucial role in storing excess energy produced
during peak generation periods and releasing it when energy demand is higher
than supply. Energy storage solutions using lead-acid batteries help balance
the grid, stabilize power supply, and ensure a smooth transition from
conventional to renewable energy sources. These batteries are capable of rapid
charging and discharging, making them well-suited for grid applications and
microgrids. The ability of lead-acid batteries to provide dependable energy
storage solutions contributes to the overall growth of the industrial lead-acid
battery market, as countries and industries strive to achieve their renewable
energy goals.
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Lead Acid Battery Market."
The
Global Industrial Lead Acid Battery Market is segmented into product, construction
method, sales channel and region. Based on Product, the market is segmented
into stationary, motive, and start light & ignition batteries (SLI). Based
on the construction method, the market is segmented into flooded and valve-regulated
lead acid (VRLA) Batteries. Based on sales channel, the market is segmented
into original equipment market (OEM) & aftermarket. Based on region, the
market is further bifurcated into North America, Asia-Pacific, Europe, South America,
Middle East & Africa.
Based
on product, The Start Light & Ignition segment had the
largest market share in 2022 and is expected to dominate the market during the
forecast period. Light & Ignition Batteries, often referred to as
automotive batteries, are a specific category within the industrial lead-acid
battery market. These batteries are designed to provide the initial burst of
power required to start the engines of vehicles, including automobiles, trucks,
motorcycles, and other internal combustion engine-driven vehicles. Light &
Ignition Batteries are engineered to deliver high-cranking power in a short
burst to turn over the engine's starter motor. Once the engine is running,
these batteries recharge through the vehicle's alternator. The primary driver
for Light & Ignition Batteries is the global automotive industry. As the
number of vehicles on the road continues to rise, so does the demand for
automotive batteries. This includes not only passenger cars and motorcycles but
also commercial vehicles, trucks, and heavy machinery that rely on internal
combustion engines.
Based
on the construction method, The Valve Regulated Lead Acid (VRLA) Batteries
segment had the largest market share in 2022 and is expected to dominate the
market during the forecast period. VRLA Batteries are a specific type of
lead-acid battery designed with a sealed construction that eliminates the need
for adding water or electrolyte maintenance. They are often referred to as
maintenance-free batteries and are commonly used in a wide range of
applications due to their reliability and safety. The key feature of VRLA
batteries is the incorporation of a safety valve and recombination system that
controls the release of gas generated during the charging process, making them
safe for indoor and enclosed environments. VRLA batteries find extensive use in
various applications, making them a versatile segment within the industrial
lead-acid battery market.
Key
market players in the Global Industrial Lead Acid Battery Market are:
- EnerSys
- Stryten
Energy LLC
- GS
Yuasa Corporation
- East
Penn Manufacturing Co. (US)
- Johnson
Controls International PLC
- C&D
Technologies Inc
- Crown
Battery Manufacturing Co.
- Hoppecke
AG
- NorthStar
Battery Company
- Saft
Groupe
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“The
Global Industrial Lead Acid Battery Market is expected to boost in the upcoming
years and register a significant CAGR during the forecast period. The growth of
the market is attributed to the increasing demand for lead acid batteries in
the telecom, UPS, and motive power applications. The telecom industry is using
lead acid batteries for backup power supply in base stations and cell towers.
The UPS industry is using lead acid batteries for backup power supply in data
centers and other critical infrastructure. The motive power industry is using
lead acid batteries for starting, lighting, and ignition (SLI) in vehicles and
for motive power in electric vehicles. The market is also being driven by the
growing demand for lead acid batteries in the renewable energy sector. Lead
acid batteries are used in solar and wind power plants for energy storage. Therefore,
the market for Industrial Lead Acid Battery is likely to propel in the upcoming
years.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Industrial
Lead Acid Battery Market – Global Industry Size, Share, Trends, Opportunity,
and Forecast 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) & Aftermarket), By
Region, 2018-2028” has
evaluated the future growth potential of Global Industrial Lead Acid Battery 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 Global Industrial Lead Acid Battery Market.
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