Global Lead-acid Battery Market 2018-2022 with East Penn Manufacturing, EnerSys, Exide Technologies, Hoppecke Batteries, Johnson Controls & Trojan Battery Dominating

DUBLIN, Feb. 1, 2018 /PRNewswire/ --

The "Global Lead-acid Battery Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global lead-acid battery market to register a revenue of more than USD 65 billion during the period 2018-2022.

Global Lead-acid Battery Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is the growing legislative support for battery recycling. Governments of several countries across the globe are focusing on legalizing battery recycling to create environment-friendly and economically sustainable business models and ensure recycling efficiency. For instance, the Canadian government has set up several locations for consumers to drop used batteries for recycling. The support from governments for recycling lead-acid batteries, coupled with the growth of the automotive industry, will subsequently drive the growth of the lead-acid battery market.

According to the report, one of the major drivers for this market is increasing deployment of microgrids. Microgrids can function independently and as hybrid and can efficiently supply power to the local community, military bases, and educational organizations. Microgrids include multiple power generation techniques such as wind, biomass, solar, geothermal, and fossil fuel generators and are connected to energy storage systems to handle the intermittency of renewables. The resilience to natural calamities and the ability to provide power even during main grid failure will drive the need for lead-acid batteries in microgrids. With the major portion of the remote and rural areas across the globe without access to electricity the deployment of microgrids will increase in the coming years, which will subsequently fuel the growth of the lead-acid battery market.

Further, the report states that one of the major factors hindering the growth of this market is Declining Li-ion battery prices. The market for Lithium-ion batteries is witnessing rapid growth. Owing to this, there has been a decline in the demand for other battery types. The factor that discriminates between Lithium-ion batteries and other battery technologies such as fuel cell is the price. However, leading vendors in the manufacturer of Lithium-ion batteries are working on technological advances and are trying to reduce the price of Lithium-ion batteries.

Key vendors

• East Penn Manufacturing
• EnerSys
• Exide Technologies
• HOPPECKE Batteries
• Johnson Controls
• Trojan Battery

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Market Sizing

Part 06: Five Forces Analysis

Part 07: Market Segmentation By Application

Part 08: Market Segmentation By Product

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/qmqkqd/global_leadacid?w=5

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SOURCE Research and Markets