The global lead-acid battery market is projected to rise with a CAGR of 4.5% over the forecast period of 2017-2025. The market is mainly driven by factors such as a surge in automotive sales, increasing requirement of uninterrupted power supply, maintenance-free attribute of VRLA which is driving the telecom installations, applications for SLI applications and their cost benefits.
The market is segmented on the basis of type, products, and end-users. Market by type is segmented into enhanced flooded batteries, flooded batteries, and VRLA batteries. The market by product is further classified into SLI battery, and micro-hybrid battery and the market by end-user is segmented into automotive and stationary applications and motive applications. Presently, the SLI batteries segment is dominating the market due to its excessive use in two-wheelers.
On the basis of geography, the global lead-acid battery market is segmented into North America, Asia Pacific, Europe, and Rest of World. The Asia-Pacific region is expected to dominate the market over the forecast period, with countries like China, South Korea, and Japan being its major contributor. The Chinese market is presently ruling the Asia-Pacific region as it is a major producer as well as a consumer of energy.
B.B. Battery C0, C&D Technologies, Inc (Acquired By Kps Capital Partner, Crown Battery, Csb Battery Company Ltd, East Penn Manufacturing, Enersys, Exide Technologies Inc., Fengfan Co Ltd (China), Gs Yuasa Corporation, Johnson Controls, Inc, Narada Power Source Co, Ltd, Nipress (Indonesia), Northstar, Fujian Quanzhou Dahua Battery Co Ltd and Zibo Torch Energy Co Ltd are some of the leading companies in this market.