Stationary Lead Acid Battery Market 2021: Demand, Trend, Latest Techniques, Innovations, Applications, Analysis and 2023 Forecast Research Report
Global Stationary Lead Acid Battery Market Research Report 2021 is latest research study released by Adroit Market Research evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support.
Dallas, United States – May 21, 2021 /MarketersMedia/ —
Growing demand for high-density energy storage systems, along with a growing preference for personal automobiles, would have a positive effect on the global acceptance of stationary lead-acid batteries. The advantages of lead-acid batteries, such as superior cranking efficiency and high power delivery, are driving up demand for them in stationary applications. The batteries are made up of a sponge metallic lead anode, a lead oxide cathode, and a sulfuric acid solution electrolyte that allows the battery to be recharged and provides a cost-effective power storage solution. Furthermore, the increasing popularity of cell phone devices around the world has fueled a significant increase in telecommunication infrastructure, which in turn has boosted battery deployment for a consistent supply of electricity. On the other hand, stringent lead emission requirements and the transition to lithium-ion batteries are two major roadblocks to the lead-acid battery market’s development. Nonetheless, rising demand from the telecommunications industry is expected to open up a new growth opportunity.
The global stationary lead acid battery market was valued at USD 8.33 billion in 2017.
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Due to the growing need for a dependable and cost-effective energy source for a variety of applications requiring vital electricity, valve-driven lead-acid batteries are gaining popularity around the world. Low discharge rates, as well as low maintenance requirements, are two of the most important reasons that support the use of these batteries over other viable alternatives. Owing to the installation of flooded lead-acid batteries and their low-cost structure, VRLA batteries are seeing steady growth in the commercial truck industry across the globe. However, because flooded batteries need a lot of maintenance, their maintenance costs are high, and their market growth has slowed in recent years, which will fuel the preference for VRLA batteries in the forecast era.
The global stationary lead-acid battery market is basically segregated into the application, construction type, distribution channel, and geographical region. In terms of application, this market is segmented into telecom, emergency lighting, UPS, utility, security systems, oil & gas, cable television/broadcasting, railway backup systems, renewable energy, and others. By construction type, the market is divided into sealed and flooded. By distribution channel, the industry is split into aftermarket and OEM. Owing to the end-of-life cycle for these batteries and an increase in the number of battery replacements the aftermarket distribution channel is likely to expand gradually over the projected period. The availability of a dense delivery system, along with the low cost of aftermarket services, would boost demand for aftermarket services in the forecast period.
North American market for the stationary lead-acid battery industry will grow with healthy shares in the coming period. Increased investment in the growth and construction of existing data centers around the country would benefit product rollout. Regardless of the availability of other renewable energy options, the market for stationary lead-acid batteries continues to increase as the conventional IT infrastructure expands.
Johnson Controls, GS Yuasa, Hitachi Chemical Energy Technology, Enersys, and Exide Technologies are a few of the major industry players.
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Key segments of the global stationary lead acid battery market
Construction Type Overview, 2011 – 2023 (Million kVAh) (USD Million)
Flooded
Sealed
Application Overview, 2011 – 2023 (Million kVAh) (USD Million)
Telecom
UPS
Utility
Emergency Lighting
Security Systems
Cable Television/Broadcasting
Oil & Gas
Renewable Energy
Railway Backup Systems
Others
Distribution Channel Overview, 2011 – 2023 (Million kVAh) (USD Million)
OEM
Aftermarket
Region/Country Overview, 2011 – 2023 (Million kVAh) (USD Million)
North America
S.
Europe
Germany
Asia Pacific
China
Japan
India
South America
Middle East & Africa
Some Major Points from Table of Contents:
Research Methodology
Research approach
Scope, definition, and assumptions
Data sources
Executive Summary
Market Outlook
Introduction
Key trends
Market drivers
Market restraints
Market opportunities
Value chain analysis
Porter’s Five Forces’ analysis
Construction Type Overview
Global stationary lead acid battery market share, by construction type, 2017 & 2023
Flooded
Market size and projections, 2011 – 2023
Sealed
Market size and projections, 2011 – 2023
Application Overview
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About Us :
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a Market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable Market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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