Latest News - Lead Acid Battery Market in US: Mobile is expected to lead the Application segment during 2024-2028

The Lead Acid Battery Market in US is being driven by Rising focus on green telecom towers

The Lead Acid Battery Market in US is expected to grow at a CAGR of 3.14% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1256.5 million. In the US lead acid battery market, there is a growing trend towards collaboration among industry players and stakeholders to enhance the competitiveness of lead-based batteries against lithium-ion alternatives. These collaborations encompass pre-competitive research, technology development, and knowledge sharing. Notably, organizations such as the Consortium for Battery Innovation (CBI) facilitate these initiatives. The CBI, comprised of lead acid battery manufacturers, raw material suppliers, technology providers, research institutions, and a panel of industry experts from leading companies, is dedicated to driving advancements in lead acid battery technology. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Mobile
  • Stationary
• Type
  • Flooded
  • Sealed
• Geography
  • US

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising focus on green telecom towers
• Increasing focus on renewable energy generation
• Growing number of microgrid installations

However, the market also witnesses some limitations, which are as follows:

• Declining costs of lithium-ion batteries
• Strict environmental regulations and lead pollution
• Rising competition from fuel cells

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Market Scope in Lead Acid Battery Market in US Research Report

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Research Analysis Overview

The Lead Acid Battery Market in the US is a significant segment of the broader rechargeable battery industry, with key players focusing on the production of brand-new batteries for various applications. Two primary types of Lead Acid batteries are prevalent in the market: Zinc-based and Nickel-based. Zinc-based batteries, also known as Flooded Lead Acid batteries, use lead alloy plates immersed in sulfuric acid solution, while Nickel-based batteries, such as Nickel-Metal Hydride (NiMH) and Nickel-Cadmium (NiCd), employ lead electrodes and lead oxide. Lead Acid batteries are widely used in energy storage devices, including Uninterruptible Power Supply (UPS) systems, data centers, military applications, and the telecommunications sector. In recent years, Gel VRLA (Valve Regulated Lead Acid) batteries and Absorbent Glass Mat (AGM) batteries have gained popularity due to their maintenance-free design and improved performance. However, Lead Acid batteries contain toxic materials like lead and sulfuric acid, necessitating proper disposal and handling. In contrast, Lithium-ion batteries, such as those used in electronic equipment and wireless telecom industry, have emerged as an alternative due to their higher energy density and longer cycle life. The Energy storage space continues to evolve, with the telecom sector and connectivity requirements driving innovation in both Lead Acid and Lithium-ion technology.

Market Research Overview

The Lead Acid Battery market in the US is a significant segment of the larger, global Renewable Electricity Market. This market encompasses businesses involved in the generation and distribution of electricity derived from renewable sources. Key players include independent power producers, gas and power marketing and trading specialists, integrated energy merchants, and renewable electricity manufacturers of raw materials and equipment, such as those used in solar power systems. Market expansion is driven by supportive policies and ambitious targets for renewable power deployment, resulting in a substantial increase in the adoption of renewables over the past decade. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/