Fact.MR’s latest report on Lead Acid Battery Market provides a detailed analysis of growth drivers, market restraints, and emerging trends

ROCKVILLE PIKE, MARYLAND , USA, September 7, 2023/EINPresswire.com/ -- According to the most recent research report from Fact.MR, the global lead acid battery market is poised for significant expansion over the next decade, with a projected Compound Annual Growth Rate (CAGR) of 5.3%.In 2023, the global lead acid battery market has seen shipments amounting to a market value of US$ 57.1 billion. Projections indicate that by the conclusion of 2033, this market is expected to grow substantially, reaching an estimated value of US$ 96.5 billion.

𝐆𝐞𝐭 𝐚 𝐅𝐑𝐄𝐄 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐈𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐓𝐎𝐂, 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐓𝐚𝐛𝐥𝐞𝐬 & 𝐅𝐢𝐠𝐮𝐫𝐞𝐬, 𝐂𝐡𝐚𝐫𝐭) :https://www.factmr.com/connectus/sample?flag=S&rep_id=4555

Batteries have assumed a pivotal role in driving global digitization efforts, and the increasing electrification of infrastructure worldwide is poised to amplify the need for diverse battery technologies in the years ahead. Remarkably, the lead-acid battery stands as the inaugural rechargeable battery type, boasting a history spanning over a century.

Automotive lead-acid batteries continue to maintain their widespread usage in the automotive sector. Nevertheless, the burgeoning preference for lithium-ion batteries in automotive applications is anticipated to pose challenges to the sales of lead-acid batteries throughout the projected period.
Approximately 86% of the world's total lead consumption is allocated to the production of lead-acid batteries, primarily used in motorized vehicles, energy storage from solar panels and wind turbines, and backup power sources (ILA, 2019). The rising demand for motor vehicles in tandem with economic development, as well as the growth of renewable energy sources necessitating storage batteries, has led to an increased demand for lead-acid batteries (WHO, 2017). These batteries contain a substantial amount of lead in either solid metal or lead-oxide powder form, with an average battery containing up to 10 kilograms of lead. Recycling lead has become a valuable pursuit, particularly in developing nations, making the retrieval and recycling of used lead-acid batteries (ULAB), also known as Waste Lead-Acid Batteries (WLAB), a viable and profitable endeavor practiced in both formal and informal sectors worldwide.

𝐁𝐢𝐫𝐥𝐚 𝐂𝐚𝐫𝐛𝐨𝐧'𝐬 𝐄𝐧𝐭𝐫𝐲 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

Birla Carbon, a renowned global leader in carbon black production, made waves in the energy industry with its announcement of entry into the energy systems market at the Battery Show 2021. This move signifies the company's commitment to sustainable energy solutions. Birla Carbon's expertise in carbon black materials can play a crucial role in enhancing the performance and efficiency of energy storage systems, particularly in batteries.
Carbon black is known for its ability to enhance the electrical conductivity and durability of battery components. By leveraging their knowledge and technology, Birla Carbon aims to contribute to the development of more efficient and long-lasting energy storage solutions, which are essential for renewable energy integration and electric vehicle adoption.

𝐑𝐞𝐝𝐮𝐜𝐢𝐧𝐠 𝐭𝐡𝐞 𝐔.𝐒. 𝐌𝐢𝐥𝐢𝐭𝐚𝐫𝐲'𝐬 𝐑𝐞𝐥𝐢𝐚𝐧𝐜𝐞 𝐨𝐧 𝐈𝐦𝐩𝐨𝐫𝐭𝐞𝐝 𝐋𝐢𝐭𝐡𝐢𝐮𝐦-𝐈𝐨𝐧 𝐁𝐚𝐭𝐭𝐞𝐫𝐢𝐞𝐬:

The U.S. military, like many other sectors, relies heavily on lithium-ion batteries for various applications, including powering equipment and vehicles. However, the country's dependence on imported lithium-ion batteries poses challenges related to supply chain security and costs. To address these concerns, efforts have been made to reduce this reliance through strategic deals and partnerships.

One such initiative, highlighted in the BestMag report, aims to establish domestic production capabilities for critical military battery needs. By fostering partnerships and incentivizing domestic battery production, the U.S. military can enhance its energy security and reduce the vulnerability associated with relying on foreign sources of lithium-ion batteries.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

• Furukawa Electric Co. Ltd.
• Hoppecke Batterien GmbH & Co. KG
• Exide Industries Ltd.
• Yokohama Batteries Sdn. Bhd
• Camel Group Co. Ltd.
• Enersys
• SiteTel Sweden AB (NorthStar)
• Narada Power Source Co. Ltd.
• East Penn Manufacturing Co.
• GS Yuasa Corporation
• Coslight Technology International Group Co. Ltd.
• Leoch International Technology Ltd.
• Hitachi Chemical Company Ltd.
• C&D Technologies Inc.
• Zhangzhou Hauwei Power Supply Technology Co. Ltd.

Prominent companies in the lead-acid battery industry are making substantial investments in innovative battery technology research and development, as well as actively acquiring new patents to establish a competitive advantage within the market.

In June 2022, Mesha Energy Solutions Pvt. Ltd. made a significant announcement, revealing that it had secured a patent from the Indian government for its groundbreaking battery performance technology. This newly patented technology is designed for widespread adoption among various manufacturers, encompassing lithium-ion, lead-acid, sodium-ion, and more.

𝐓𝐡𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐋𝐞𝐚𝐝-𝐀𝐜𝐢𝐝 𝐁𝐚𝐭𝐭𝐞𝐫𝐢𝐞𝐬:

While lithium-ion batteries have dominated the headlines, advanced lead-acid batteries have quietly been making strides in the energy storage market. These batteries have evolved beyond traditional lead-acid technology, offering improved performance, longer cycle life, and enhanced energy density. As a result, they have found applications in renewable energy storage, backup power systems, and more.
The UPS Battery Center blog sheds light on the growth of advanced lead-acid batteries and their role in addressing energy storage challenges. These batteries are gaining recognition for their cost-effectiveness, reliability, and environmental benefits. They are also more sustainable than traditional lead-acid batteries, making them a suitable choice for applications where recycling and environmental considerations are paramount.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:https://www.factmr.com/connectus/sample?flag=RC&rep_id=4555

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐒𝐭𝐮𝐝𝐢𝐞𝐬 𝐏𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐅𝐚𝐜𝐭.𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Lithium-Ion Battery Pack Market- lithium-ion battery pack market stands at a value of US$ 63.32 billion in 2023.

Electric Car Battery Charger Market- global electric car battery charger market is valued at US$ 2.5 billion in 2022.

𝐀𝐛𝐨𝐮𝐭 𝐅𝐚𝐜𝐭.𝐌𝐑

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