DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3xf24f/lead_acid_battery) has announced the addition of the "Lead Acid Battery Market: Asia Pacific, Latin America, Japan, Middle East & Africa Industry Analysis and Opportunity Assessment 2014 - 2020" report to their offering.
In of 2014, Asia Pacific dominated the market and accounted for around 63.2% of the target regions market, followed by Latin America and Japan. In 2014, Asia Pacific lead acid battery market was valued at US$ 15,297 Million, which is projected to reach US$ 19,880.9 Million by 2020. In 2014, Latin America and Japan were the other major contributors to the target regions market; the contribution from these regions was 14.4% and 14.1% respectively. Though, Middle East & Africa accounted for miniscule share in the target regions market, it is expected to register a CAGR of 4.9% during the forecast period.
Target Regions lead acid battery market is projected to reach US$ 31,708.4 Million by 2020 at an estimated CAGR of 4.6% during the forecast period. Lead acid battery is one among the oldest known commercial battery known to the industry. It utilises lead electrodes and sulphuric acid as electrolyte to store electrical energy. Unique selling propositions of lead acid battery include reliability, relatively low maintenance cost than other batteries, low charging time and durability. Automotive industry is one among the largest end user of lead acid battery across the globe. Some of the technical limitations such as low energy density and weight of the battery offer little resistance towards growth of this market.
On the basis of applications the market is segmented as transportation, stationary industrial, motive industrial, commercial, residential and grid storage. Transportation and stationary industrial segments collectively contributed to about around 82.4% of market revenues in 2014. Stationary industrial application segment is identified as one of the fastest growing market during the forecast period with CAGR of 8.5%. Though, grid storage as of 2013 accounts for miniscule share in the market, it is projected to grow at a healthy CAGR of 7.2% during the forecast period.
Key Topics Covered:
1. Executive Summary
2. Research Methodology and Assumptions
3. Terminologies and Acronyms Used
4. Target Regions Lead Acid Battery Market Overview
5. Target Regions Lead Acid Battery Market Analysis and Forecast, By Application
6. Target Regions Lead Acid Battery Market Analysis and Forecast, By Regions
7. Competition Landscape
- Exide Technologies
- GS Yuasa Corporation
- Johnson Controls INC
- Yokohama Industries
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