What is Sealed Lead Acid Battery Market?
Sealed lead acid batteries have many uses from modern motorcycles, ATVs, home alarm systems, toys, backup systems, workout equipment, generators, and many others. The sealed lead acid batteries come in all shapes, voltages, amperages, and sizes. These batteries are maintenance-free, leak-proof, position insensitive. These batteries have a safety vent to release gas in case of excessive internal pressure build-up. The Absorbed Glass Mat (AGM) batteries refer to a specific type of SLA/VRLA where the electrolyte is absorbed into separators between the plates consisting of sponge like fine glass fiber mats.
The market study is being classified by Type (AGM Battery, GEL Battery and Others), by Application (Emergency Lighting, Security Systems, Back-Ups, Motorcycles and Electric Bikes, Consumer Electronics and Other) and major geographies with country level break-up.
Clarios (United States), Exide Technologies (United States), Hitachi Chemical Energy Technology Co. Ltd. (Taiwan), GS Yuasa Corporation (Japan), Enersys (United States), Hankook AtlasBX (South Korea), Amara Raja Group (India), Chaowei Power (China), Camel Group (China) and C&D Technologies (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are First National Battery (South Africa), East Penn Manufacturing Co. (United States) and Sebang Global Battery Co., Ltd. (South Korea).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Sealed Lead Acid Battery market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Sealed Lead Acid Battery market by Type, Application and Region.
On the basis of geography, the market of Sealed Lead Acid Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- The Rising Demand for Batteries from Numerous End Uses Industries
- Growing Demand for Electric-Drive Vehicles and By Energy Storage Systems (ESS)
Market Trend
- Rising Industrialization and Urbanization in Asia Pacific Region
Restraints
- High Cost of Sealed Lead Acid Battery
Opportunities
- High Cost of Sealed Lead Acid Battery
Challenges
- Stringent Government Regulations for the Use of Batteries
Market Leaders and some development strategies
On Sept. 19, 2019 - EnerSys, the global leader in stored energy solutions for industrial applications, today announced that it has entered into an agreement to acquire all issued and outstanding shares of N Holding AB, the parent company of NorthStar, from Altor Fund II.
Key Target Audience
Manufacturers of Sealed Lead Acid Battery, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of Sealed Lead Acid Battery, Automotive Industry, Governmental Bodies and Research Firms