Lead-acid Battery Market | High demand from industrials sector will boost growth
Technavio research projects the lead-acid battery market to grow by $ 6.33 billion, accelerating at a CAGR of over 3% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Lead-acid Battery Market: Key Market Driver
One of the primary factors that will trigger the growth of the lead-acid battery market size is growth in demand for industrial applications. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account growth in demand for automotive lead-acid battery, market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Lead-acid Battery Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, C&D Technologies Inc., Clarios, East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., Exide Technologies, GS Yuasa Corp., Leoch International Technology Ltd., and Narada Power Source Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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