The global lead-acid battery market is projected to rise with a CAGR of 3.83% over the forecast period of 2019-2027

LONDON, Jan. 15, 2019 /PRNewswire/ -- KEY FINDINGS
The global lead-acid battery market is projected to rise with a CAGR of 3.83% over the forecast period of 2019-2027. The market is mainly driven by factors such as a surge in automotive sales, increasing requirement of the uninterrupted power supply, increasing demands for off-grid renewable energy generation-which is driving the telecom installations. The LEAD-ACID batteries have huge applications in a passenger vehicle, light commercial vehicles, heavy commercial vehicle etc. and can be broadly classified into SLI batteries and micro hybrid batteries.

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MARKET INSIGHTS
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 sale and uptake in two-wheelers.

Also, the lead-acid batteries are the most preferred ones for the SLI functions in hybrid electric vehicles due to their low cost.

REGIONAL INSIGHTS
On the basis of geography, the global lead-acid battery market is segmented into North America, Asia Pacific, Europe and the 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 are the region's 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.

COMPETITIVE INSIGHTS
B.B. Battery Co., Toshiba Corporations, C&D Technologies, Inc. (Acquired By KPS Capital Partner), Crown Battery, CSB Battery Company Ltd., East Penn Manufacturing, EnerSys, Exide Technologies Inc., GS Yuasa Corporation, Johnson Controls Inc., Narada Power Source Co. Ltd., Nipress (Indonesia), Northstar, Reem Batteries & Power Appliances Co. SAOC and Zibo Torch Energy Co. Ltd. are some of the leading companies in this market.

Companies mentioned
1. B.B. BATTERY CO.
2. C&D TECHNOLOGIES, INC. (ACQUIRED BY KPS CAPITAL PARTNER)
3. CROWN BATTERY
4. CSB BATTERY COMPANY LTD.
5. EAST PENN MANUFACTURING
6. ENERSYS
7. EXIDE TECHNOLOGIES INC.
8. GS YUASA CORPORATION
9. JOHNSON CONTROLS, INC.
10. NARADA POWER SOURCE CO, LTD
11. NIPRESS (INDONESIA)
12. NORTHSTAR
13. TOSHIBA CORPORATION
14. ZIBO TORCH ENERGY CO. LTD.
15. REEM BATTERIES & POWER APPLIANCES CO. SAOC

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