Lead Acid Battery Market to 2024 – Insights and Precise Outlook Analysis

Global Lead Acid Battery Market Scenario:

Latest report "Lead Acid Battery Market by Technology (Basic, Advanced Lead Acid), Type (Stationary, Motive), Construction Method (Flooded, VRLA), End-User (Utilities, Transportation, Industrial, Commercial & Residential), and Region - Global Forecast to 2024", the global lead acid battery market is projected to reach USD 52.5 billion by 2024 from an estimated USD 41.6 billion in 2019, at a CAGR of 4.7% during the forecast period. This growth can be attributed to factors such as the need to integrate renewable energy to the main grid, and the booming data industry promising the installation of several data centers across the globe, which expects the utilization of lead acid batteries for backup power supply.

The VRLA segment is expected to be the largest lead acid battery market, by construction method, during the forecast period

The Valve Regulated Lead Acid (VRLA) segment is expected to be the largest market during the forecast period. The VRLA batteries comprise absorbent glass mat (AGM) and gel cells. These are new technology-driven construction methods, including the presence of adsorbent glass material and silica gel, respectively. These methods ensure the longevity of the batteries and require less maintenance compared to regular lead acid batteries. In the times to come, these batteries are likely to be preferred over conventional flooded lead acid batteries due to their various advantages.

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This research report categorizes the lead acid battery market based on technology, type, construction method, end-user, industrial, and region

By Technology

• Basic Lead Acid Battery
• Advanced Lead Acid battery

By Type

• Stationary
• Motive

By Construction Method

• Flooded
• Valve Regulated Lead Acid (VRLA)

By End-user

• Utility
• Transportation
• Industrial
• Commercial & Residential

By Industrial

• Data Centers
• Telecom
• Oil & Gas
• Others

By Region

• Asia Pacific (China, Japan, India, South Korea, Rest of APAC)
• North America (US, Canada, Mexico)
• Europe (Germany, UK, Italy, Russia, Rest of Europe)
• Middle East & Africa UAE, Saudi Arabia, South Africa, Rest of the Middle East & Africa)
• South America (Brazil, Columbia, Rest of South America)

The advanced lead acid battery is expected to be the fastest-growing segment of the lead acid battery market, by technology, during the forecast period

The advanced lead acid battery has carbon coatings on the anode plate, which eliminates the requirement of cleaning the lead sulfate deposition on the electroplate. At the same time, the life of the anode electrode is enhanced, eventually increasing the overall life of the battery set. It provides benefits like rapid charging on regenerative breaking. This is a significant advantage of advanced lead acid batteries, as this task is difficult to achieve with regular lead acid batteries. Although comparatively heavier and larger than lithium-ion, these batteries are cost-effective, efficiently operating at low and subfreezing temperatures, and does not require active cooling.

Asia Pacific to account for the largest share of the global lead acid battery market

In this report, the lead acid battery market has been analyzed with respect to five regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. The Asia Pacific region is estimated to dominate the global lead acid battery market in 2019, owing to the requirement of cost-effective energy solutions. The presence of a large automotive and manufacturing base in the region is expected to be the key driver for market growth. Increasing energy consumption in the area due to rapid industrialization and urbanization is expected to propel the growth of the market over the forecast period.

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The report includes the profiles of some of the top players in the lead acid battery market to enable an in-depth understanding of the competitive landscape. Some of the key players are EnerSys (US), Exide Industries (India), GS Yuasa (China), Clarios (US), Panasonic (Japan), Chaowei Power (China), Narada Power (China), HBL Power Systems (India), Crown Battery (US), NorthStar (Sweden), Hitachi Chemical (Japan), Exide Technologies (US), Teledyne Technologies (US), East Penn (US), Hankook AltasBX (Korea), HOPPECKE (Germany), C&D Technologies (US), Rolls Battery (Canada), Camel Power (Malaysia), Amara Raja Power System (India), XUPAI Battery (China), Okaya Power (India), Leoch International Technology (Hong Kong), Harbin Coslight Power (China), and First National Battery (South Africa). The leading players are adopting various strategies to increase their share in the lead acid battery market.

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Grid-Scale Battery Market by Type (Lithium-Ion, Lead Acid, Flow Battery, Sodium-Based), Ownership-Model (Third-Party, Utility), Application (Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power), and Region - Global Forecast to 2023

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Industrial Plugs and Sockets Market 2020, Industry Trends, Revenue, Segmentation and Registering A Strong Growth By 2025

Global Industrial Plugs and Sockets Market Overview:

The global Industrial Plugs and Sockets Market size is projected to grow from USD 2.5 billion in 2020 to USD 3.2 billion by 2025; it is expected to grow at a CAGR of 4.9% from 2020 to 2025. The key factors driving the growth of the industrial plugs and sockets industry include rapid industrialization in Asia Pacific and increased investments in infrastructure development projects to contribute to the global economy post-COVID-19.

COVID-19 Impact on the Global Industrial Plugs and Sockets Market:

The most significant near-term impact on industrial plugs and sockets will be felt through supply chains. Industry executives are anticipating delivery and construction slowdowns, either because nations have shuttered industries to slow the spread of coronavirus or because the workers have tested positive. Many components and parts for manufacturing industrial plugs and sockets come from China, the US, and some parts of Europe. Manufacturing disruptions in China and the US could significantly fall in the industrial plugs and sockets market over the next one or two years.

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The up to 32 A segment is expected to dominate the industrial plugs and sockets market, by current, during the forecast period.

The up to 32 A segment is expected to lead the industrial plugs and sockets market from 2020 to 2025. Industrial plugs and sockets of rating up to 32 A are commonly used across all industries for many applications. Industrial plugs and sockets in this range are more commonly used than high-current industrial plugs and sockets. The prevalent use of industrial plugs and sockets of current rating up to 32 A across industries is a key driver for the growth of up to 32 A segment of the market.

The industrial plugs segment is expected to be the fastest-growing industrial plugs and sockets market, by type, during the forecast period.

The industrial plugs segment, by type, industrial plugs and sockets market is estimated to grow at the fastest rate during the forecast period. Industrial plugs allow easy connection and disconnection of electrical equipment in industrial settings. The use of industrial plugs also improves safety and reduces the risk of electrical hazards considerably. These factors are expected to drive the demand for industrial plugs during the forecast period.

Asia Pacific likely to emerge as the largest industrial plugs and sockets market

In this report, the industrial plugs and sockets market has been analyzed for six regions, namely, Asia Pacific, North America, Europe, Middle East, South America, and  Africa. Asia Pacific is estimated to be the largest market for industrial plugs and sockets during the forecast period. The growth of the market in this region is mainly driven by the increasing industrial and large-scale infrastructure investments during the forecast period. Risen demand for safe, secure, and reliable connected and disconnected equipment for use in a diverse range of environments, increased investments in the construction sector, and sustained industrial investments in the key markets offer high-growth opportunities for the industrial plugs and sockets market in Asia Pacific.

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To enable an in-depth understanding of the competitive landscape, the report includes some of the top players in the industrial plugs and sockets market.

Some of the key players are Amphenol Corporation (US), ABB (Switzerland), Emerson Electric (US), Schneider Electric (France), and Legrand SA (France). The leading players are adopting various strategies to increase their share in the industrial plugs and sockets market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Power Device Analyzer Market Outlook 2019 – Huge Growth, Trends, Revenue And In-Depth Analysis 2024

The global power device analyzer market is projected to reach USD 527 million by 2024 from an estimated market size of USD 430 million in 2019, at a CAGR of 4.2% during the forecast period. The factors driving the growth for power device analyzer is due to the growing adoption for high-performance and power-efficient devices for consumer and healthcare sector along with investments in electric vehicles due to the concern towards hazardous environmental affect.

Key market players -

Some of the top players in the power device analyzer market are Keysight Technologies (US), Yokogawa (Japan), Fortive (US), Rohde & Schwarz (Germany), Hioki E.E. Corporation (Japan), Newtons4th (UK), and Iwatsu (Japan).

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The consumer electronics & appliances segment is expected to be the most significant power device analyzer market, by end-user, during the forecast period

The consumer segment is projected to be the most significant power device analyzer market, by end-user, during the forecast period. It has the largest share of the power device analyzer market owing to the growth in the demand for consumer electronics products such as air-condition, smartphones, refrigerators, laptops, smart TV, and smartwatch. The rapid growth in the overall population along with people becoming tech-savvy, will increase the demand for consumer electronics leading to an increase in the demand for power device analyzer.

The both AC and DC segment is expected to be the largest power device analyzer market, by type, during the forecast period

The both AC and DC segment is expected to grow at the highest rate during the forecast period. Both AC and DC power device analyzer are majorly used to perform component level analysis as well as system-level analysis. It is majorly used to test products such as HID lighting, Lighting consumer product, ballast testing, engineering labs, solar pane, electric vehicle, wireless battery charging, three-phase motors & drives. Growing demand for electric cars along with an investment towards the solar industry will drive the need for both AC and DC power device analyzer.

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Asia Pacific is expected to dominate the global power device analyzer market during the forecast period.

In this report, the power device analyzer market has been analyzed for five regions, namely, Asia Pacific, North America, Europe, South America, and the Middle East & Africa. Asia Pacific is expected to lead the market during the forecast period.

The growing demand for consumer electronics and increasing industrial automation in the countries like India & Japan along with stringent regulations and standards for the use of electronics in developing countries such as China, Japan, and India are the driving factors for the growth of power device analyzer market in Asia Pacific.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com