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
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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.
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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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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.
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).
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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
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