United States Lead Acid Battery Market is expected to grow owing to increasing sales of automobiles throughout the forecast period.
According to TechSci Research report, “United States Lead Acid Battery Market – By Region, Competition, Forecast and Opportunities, 2018-2028”, the United States Lead Acid Battery Market is expected to register robust growth during the forecast period. The market is anticipated to experience growth due to the rising adoption of lead acid batteries in automobiles and Uninterruptible Power Source (UPS), coupled with advancements in manufacturing methods. The increasing demand for lead acid batteries in off-grid power generation is expected to drive market expansion.
Furthermore, the development in the transportation industry, coupled with the growing applications of energy storage, is projected to fuel industry demand in the near future. The escalating demand for UPS in various sectors, including banking, oil & gas, healthcare, and chemicals, has further propelled industry growth.
While lithium-ion batteries currently dominate the electric vehicle (EV) market, lead acid batteries still play a crucial role in hybrid vehicles. As the automotive industry continues to evolve, there exists an opportunity for lead acid batteries to contribute to various forms of hybridization, including mild hybrids and plug-in hybrids. Manufacturers can explore optimization techniques for lead acid batteries in these hybrid systems, thereby enhancing their efficiency and performance.
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Based on product, the Start Light & Ignition Batteries (SLI)segment is expected to dominate the market during the forecast period. The United States Lead Acid Battery Market is a vital component of the automotive and industrial sectors in the country. Within this market, the SLI (Start Light & Ignition) batteries segment plays a pivotal role in providing power for vehicle ignition, lighting systems, and supporting internal combustion engines. The SLI batteries segment holds significant importance in the overall lead acid battery market in the United States. Its growth closely correlates with the health of the automotive industry and the demand for reliable, high-performance batteries to start vehicles. The automotive industry’s well-being remains a primary driver for SLI battery demand.
Factors such as increased vehicle production, the growing popularity of electric vehicles (EVs), and the need for dependable starting power continue to drive the demand. Ongoing research and development efforts in the lead acid battery sector aim to enhance performance, cycle life, and safety, thereby improving the competitiveness of SLI batteries. Manufacturers are also investing in recycling technologies to minimize the environmental impact of lead-acid batteries, potentially reducing disposal costs and addressing environmental concerns. The SLI batteries segment in the United States plays a crucial role in powering vehicles and ensuring their reliable operation.
Based on construction method, the Valve Regulated Lead Acid (VRLA) Batteries segment is projected to dominate the market throughout the forecast period. Valve Regulated Lead Acid (VRLA) batteries constitute a significant and expanding segment within the Lead Acid Battery Market in the United States. Renowned for their maintenance-free and sealed design, these batteries find diverse applications in backup power systems, telecommunications, uninterruptible power supplies (UPS), and renewable energy storage.
The VRLA batteries segment has consistently witnessed growth, primarily driven by the increasing demand for backup power solutions across various industries, alongside advancements in battery technology. The escalating reliance on technology, data centers, and telecommunications infrastructure has fueled the need for reliable backup power solutions. VRLA batteries offer a dependable source of backup power during grid failures. Ongoing research and development endeavors aim to enhance the performance and lifespan of VRLA batteries, positioning them as competitive alternatives in the energy storage landscape.
Key market players in the United States Lead Acid Battery Market are:-
- Crown Battery Manufacturing Company
- C&D Technologies, Inc.
- EXIDE INDUSTRIES LTD.
- East Penn Manufacturing Co., Inc.
- Clarios
- EnerSys
- Power Sonic Corporation
- Universal Power Group, Inc.
- U.S. Battery Manufacturing Company
- Schumacher Electric Corporation
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“The United States Lead Acid Battery Market in North-East US is poised to be the dominant force in the industry. The region has been actively investing in renewable energy sources such as solar and wind power. Lead acid batteries find applications in energy storage, particularly in residential and commercial systems. As states implement renewable energy initiatives, there is an opportunity for lead acid batteries in these energy storage applications.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“United States Lead Acid Battery Market Segmented By Product (Stationary, Motive, and Start Light & Ignition Batteries (SLI)), By Construction Method (Flooded and Valve Regulated Lead Acid (VRLA) Batteries), By Sales Channel (Original Equipment Market (OEM) and Aftermarket), By Applications (Transportation, Industrial Motive, Stationary Industrial, Residential, and Commercial), By Region, and By Competition, 2018-2028F,” has evaluated the future growth potential of United States Lead Acid Battery Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States Lead Acid Battery Market.
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