-- Global stationary lead acid battery market size was valued at USD 8.33 Billion in 2017 and is anticipated to expand at a CAGR of 4.4% over the forecast period from 2018 to 2023
Request a sample of stationary lead acid battery market @ http://orbisresearch.com/contacts/request-sample/2147642
Key industry insights
• The European stationary lead acid battery industry has witnessed extensive restructuring through series of mergers and acquisitions. Such strategies have been interpreted as a normal trend to optimize economies-of-scale to face increasing competition.
• Rising demand for green energy in Europe is poised to supplement the Europe stationary lead acid batteries market. Recyclable lead acid batteries complying with environmental regulations is expected to find wide spread consumption in the region as their cost of production is likely to reduce, thus making it affordable. The batteries inherent advantage of illustrating efficient performance at low costs is considered to encourage their adoption across the region.
• Development of renewable energy utilities and telecom infrastructure requires large-format batteries with high capacity to ensure uninterrupted supply. Lower production costs and compliance with environmental regulations regarding battery recycling are some of the driving factors for lead acid batteries in Europe.
• Globally booming tourism sector is one of the key aspect for market growth. This in turn is leading to an increase in travelers who commute by road. High consumer spending in the market is expected to support the sales of transportation vehicles mainly passenger cars, thus creating a favorable scope for the consumption of lead-acid batteries.
• Stationary lead acid batteries are being widely deployed as an energy source and it is expected that such batteries will remain in use for a longer duration. Telecommunication systems ensure continuous availability of services. Batteries provide backup for a given telecommunications system that enables it to perform for several hours. Therefore, key product features such as a long battery life, low overall costs of purchase and operation, as well as safety of use enhanced its applications in telecommunications power supply systems.
• As per National Electrical Manufacturers Association (NEMA), building codes such as National Electrical Code (NEC) lay down standards for utilization of emergency lighting systems and exit in every commercial and industrial buildings worldwide. Lead-acid batteries are utilized in steel enclosure emergency lights, while nickel-cadmium batteries are used in thermoplastic housing emergency lighting.
• Venture capital firms are heavily investing in energy storage solutions. This is bound to create major energy demand patterns and trends within the market, especially in automation, smart grid integration, residential renewable energy storage capacities and use of software in improving energy consumption.
• For instance, In Jan 2017, GS Yuasa Corporation launched a new plant for the production of automotive lead-acid storage batteries in China. The new plant is currently under construction and is scheduled to start operations in the summer of 2018. The new plant will feature GS Yuasa’s state of the art technologies and facilities, thereby boosting the production of lead-acid storage batteries to be installed and deployed in eco-friendly vehicles. Furthermore, the company will consolidate the production of the existing plant to the new plant to expand their efficiency and streamline its operations. This new plant is expected to have an annual production capacity of as much as 8.0 million units.
Browse the full report @ http://orbisresearch.com/reports/index/global-stationary-lead-acid-battery-market-2018-2025-key-industry-insights-segments-opportunities-and-forecasts
Reasons for the study
• The purpose of the study is to give an exhaustive outlook of the global stationary lead acid battery industry
• We have been following the overall lead acid industry and its segments, especially the stationary lead acid battery. This sector has been gaining importance, as a key fragment of the energy storage market.
• Rising demand for better and efficient grid connections, battery usage for load levelling and peak shaving are some of the factors enhancing the battery industry growth since decades.
• Robust expansion of the battery energy storage industry in North America has been mainly driven by the increased necessity for energy efficient storage systems to support electrical grids, especially under highly stressed conditions to avoid power blackouts.
• While conducting secondary research on the lead acid battery at the regional and country level, we noticed that the development of the off-grid renewable energy sector coupled with increasing R&D investments by manufacturers have been stimulating the product demand. This scenario is likely to continue further over the forecast period. Moreover, rising demand for efficient energy storage systems in electricity generation industry will open new avenues for the market growth.
Purchase a single user copy @ http://orbisresearch.com/contact/purchase/2147642
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
U.S.
Rest of North America
Europe
Germany
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Middle East & Africa
South America
The report has analyzed several players in the market, some of which include
• Johnson Controls
• Exide Technologies
• Hitachi Chemical Energy Technology
• Coslight International
• GS Yuasa
• East Penn
• Others
What does the report include?
• Market defining factors such as drivers, restraints, and opportunities have been discussed in the study
• The report covers the value chain from raw material to the end-users depicting levels of integration of key industry participants. Profit margins throughout the various components of value chain has been explained based on discussion with industry experts.
• A separate section in the study addresses the company share analysis
• The study analyses the market using various tools including Porter’s Five Forces Analysis
• Various applications of the stationary lead acid battery have been analyzed in-depth
• Profiles of key companies have been provided in the report along with the competitive strategies implemented by these players
About Us
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the Nickel Powdering publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Contact Info:
Name: Hector Costello
Email: Send Email
Organization: Orbis Research
Address: 4144N Central Expressway, Suite 600, Dallas
Phone: +1 (214) 884-6817
Website: http://orbisresearch.com/reports/index/global-stationary-lead-acid-battery-market-2018-2025-key-industry-insights-segments-opportunities-and-forecasts
Release ID: 360750
Google
RSS