NEW YORK, Jan. 22, 2024 /PRNewswire/ — The lead acid battery market in US size is expected to grow by USD 1.17 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 3.01% during the forecast period. The report analyzes the market’s competitive landscape and offers information on several market companies. C and D Technologies Inc., Camel Group Co. Ltd., Clarios, Concorde Battery Corp., Crown Equipment Corp., East Penn Manufacturing Co. Inc., Energizer Holdings Inc., EnerSys, Exponential Power Inc., HBL Power Systems Ltd., Johnson Controls International Plc, Panasonic Holdings Corp., Power Sonic Corp., Robert Bosch GmbH, Surrette Battery Co. Ltd., Teledyne Technologies Inc., Trojan Battery Co. LLC, U.S. Battery Manufacturing Co., UPS Battery Center Ltd., and Wirtz Mfg Co. Inc. To find a preview of the market overviews, market drivers, opportunities, and potentials request a free sample report
- C and D Technologies Inc. – The company offers lead acid batteries such as flooded lead acid batteries VLA and valve-regulated lead acid VRLA batteries.
By Application
- The US Lead Acid Battery Market sees substantial growth in the mobile segment, encompassing batteries for cars, internal combustion engine (ICE) vehicles, electric vehicles (EVs), commercial vehicles, and two-wheelers. Essential in the automotive industry for starting, lighting, ignition, and start/stop applications, the mobile segment anticipates stable growth, driven by the increasing demand for automobiles, particularly in emerging economies and established markets like the US. Key players in this market include Johnson Controls, Exide Technologies, East Penn Manufacturing, GS Yuasa, and EnerSys.
- Type (flooded and sealed)
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Lead-Acid Battery: Major Applications
The US lead-acid battery market is a diverse and critical player in various sectors, from the automotive and industrial batteries to deep cycle and stationary batteries. With a pivotal role in renewable energy storage and electric grid stability, these batteries support backup power solutions in the telecommunications industry, UPS systems, and transportation sector. The industry’s commitment to sustainability is evident through robust recycling programs, aligning with environmental regulations governed by entities such as the U.S. Environmental Protection Agency (EPA) and Battery Council International (BCI). Advanced lead-acid technologies, including Absorbent Glass Mat (AGM) and Gel batteries, contribute to improved performance and safety. As smart grid technologies advance, lead-acid batteries continue to be indispensable for grid energy storage, ensuring reliable power supply and reinforcing their significance in the evolving landscape of energy storage solutions.
Imperative Insights on the following aspects:
- What was the size of the global lead acid battery market by value?
- What will be the size of the global lead acid battery market in 2027?
- How has industry perform over last 5 years?
- What factors are affecting the strength of competition in the global lead acid battery market?
- What main segments make up the global lead acid battery market?
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ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 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.
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SOURCE Technavio
