Stationary Lead Acid Battery - New Market Research Report Announced; Industry Analysis 2018-2023

Adroit Market Research
Global Stationary Lead Acid
Battery Market Size 2017
By Construction Type (Flooded, Sealed), By Application (Telecom, UPS, Utility,
Emergency Lighting, Security Systems, Cable Television/Broadcasting, Oil &
Gas, Renewable Energy, Railway Backup System), By Distribution Channel
(OEM, Aftermarket), By Region and Forecast 2018 to 2023
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Global Stationary Lead Acid Battery Market Size And Forecast, 20112023
• The global stationary lead acid battery market size is anticipated to expand over a CAGR of 4.4% over the forecast period
from 2018 to 2023. Increasing penetration of lead acid batteries in numerous power backup applications that range from
automotive starting/lighting/ignition (SLI) and industrial batteries for motion power to large stationary batteries for
standby-power. The stationary lead acid battery has recently entered the commercial space with numerous players
entering the market to address the potentially growing demand.
• The market development has paced up over the past few years as the stationary lead acid battery manufacturers are
focusing on offering products that provide reliable and quality power supply. Additionally, the Chinese government’s
targets of adding 175 GW of renewable energy capacity by 2022, rising heavy investments, expansion and upgrade of
transmission & distribution network are leading to robust electricity market growth. Also, planning and development of
energy storage projects in Latin America and Middle East & Africa are expected to accelerate the product demand and
provide valuable services to the grid.
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Global Stationary Lead Acid Battery Market Size And Forecast, 20112023
• In 2017, telecom accounted for nearly half of the global stationary lead acid (SLA) battery market share. Rising telecom
sector along with enhanced utilization of lead acid batteries as a prime backup power source to reduce power outages
and data losses are some of the factors driving the product demand. The growth of the data center and
telecommunication industries is expected to drive the demand for SLA batteries over the forecast period.
• Asia Pacific was the largest market for stationary lead acid battery and is expected to witness the fastest growth over the
next few years owing to rising R&D investments by manufacturers as well as developing off-grid renewable energy
industry. The increased foreign direct investment in Asia Pacific is expected to facilitate the development of
infrastructure and capital equipment. Moreover, rising emergence for efficient power backup systems in electricity, oil &
gas industries, security systems are likely to open new opportunities for the market growth over the years ahead. Also,
varied governmental policies such as Renewable Energy Quota Management Approach and National Energy
Development Strategy 2014-2020 will supplement demand over the forecast period between 2018 and 2023.
• The competitive landscape of the global stationary lead acid battery market is highly fragmented owing to the presence
of several local players. Typically, the majority of the players cater to their local market with little presence overseas.
Companies such as GS Yuasa, Johnson Controls, and Enersys are in process of maintaining existing clients and venturing
into new markets to increase revenue profits and maintain company growth.
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Key segments of the global stationary lead acid battery market
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
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Key segments of the global stationary lead acid battery market
Distribution Channel Overview, 2011 – 2023 (Million kVAh) (USD Million)
• OEM
• Aftermarket
Region/Country Overview, 2011 – 2023 (Million kVAh) (USD Million)
• North America
•
U.S.
• Europe
•
Germany
• Asia Pacific
• South America
• Middle East & Africa
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The global stationary lead acid battery market size is anticipated to expand over a CAGR of 4.4% over the forecast period from 2018 to 2023. Increasing penetration of lead acid batteries in numerous power backup applications that range from automotive starting/lighting/ignition (SLI) and industrial batteries for motion power to large stationary batteries for standby-power. The stationary lead acid battery has recently entered the commercial space with numerous players entering the market to address the potentially growing demand.