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Lead Acid Battery Market in the US to Grow by USD 939.46 Million, Brookfield Business Partners LP and C&D Technologies Inc. Among Key Vendors - Technavio


NEW YORK, Nov. 22, 2022 /PRNewswire/ -- The lead acid battery market size in the US is expected to grow by USD 939.46 million from 2021 to 2026. In addition, the growth momentum of the market is anticipated to accelerate at a CAGR of 2.82% during the forecast period. This growth can be attributed to the rising focus on green telecom towers. However, declining costs of lithium-ion batteries can hamper the growth of the market during the next few years. Make confident decisions using our insights and analysis. Download a Free Sample Report

Major Companies and their Offerings

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Key Market Driver

The rising focus on green telecom towers is driving the growth of the market. The rapid growth in population and advances in technology increased mobile and smartphone penetration. Moreover, the decline in telecom tariffs owing to intense market competition has resulted in the development of the telecommunication industry in the US. The increase in telecom subscriptions has driven the number of green telecom tower installations. Tower operators are reducing their carbon footprints and GHG emissions. Telecom operators are investing in alternative green power systems to reduce operational costs and related pollution. Hence, the rising demand for clean energy in the telecom sector is leading to investments in research and development in battery technology, which, in turn, will drive market growth during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. Buy Now for detailed information about market dynamics

Lead Acid Battery Market In US Application Outlook (Revenue, USD mn, 2021-2026)

Lead Acid Battery Market In US Type Outlook (Revenue, USD mn, 2021-2026)

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Market Segmentation

The mobile segment will be a significant contributor to market growth during the forecast period. The demand for automotive lead-acid batteries is directly proportional to the volume of automobile production. The automotive industry has increased, and it is expected to grow further during the forecast period. Thus, the rising demand for automobiles, especially in emerging economies as well as in developed markets such as the US, will drive the growth of the segment.

Related Reports

Carbon Black in Lead-acid Battery Market by Battery Type and Geography - Forecast and Analysis 2022-2026: The carbon black in lead-acid battery market share is expected to increase by USD 116.06 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.45%. This report extensively covers segmentation by battery type (flooded lead-acid battery and valve regulated lead-acid (VRLA) battery) and geography (APAC, North America, Europe, South America, and Middle East and Africa).

Lead Acid Battery Market in Bangladesh by Type and Application - Forecast and Analysis 2022-2026: The lead acid battery market share in Bangladesh is expected to surge to USD 75.98 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.75%. This report extensively covers segmentation by type (sealed and flooded) and application (stationary and mobile).

Lead Acid Battery Market Scope in US

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 2.82%

Market growth 2022-2026

USD 939.46 million

Market structure

Fragmented

Key consumer countries

US

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Bisco Industries Inc., Brookfield Business Partners LP, C&D Technologies Inc., Concorde Battery Corp., Crown Equipment Corp., East Penn Manufacturing Co. Inc., Energizer Holdings Inc., EnerSys, Exponential Power Inc., Hawker Powersource Inc., Power Sonic Corp., Robert Bosch GmbH, Rolls Battery, Scotts Emergency Lighting and Power Generation Inc., Teledyne Technologies Inc., Trojan Battery Co. LLC, U.S. Battery Manufacturing Co., UPS Battery Center Ltd., and Wirtz Mfg Co. Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Market Segmentation by Type

7 Customer Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

SOURCE Technavio


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