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Lead Acid Battery Market in US to record a growth of USD 1.17 billion between 2022 to 2027; C and D Technologies Inc., and Camel Group Co. Ltd to emerge as key vendors- TechnavioNEW YORK, Jan. 22, 2024 /PRNewswire/ -- The lead acid battery market in US size is expected to grow by USD 1.17 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 3.01% during the forecast period. The report analyzes the market's competitive landscape and offers information on several market companies. C and D Technologies Inc., Camel Group Co. Ltd., Clarios, Concorde Battery Corp., Crown Equipment Corp., East Penn Manufacturing Co. Inc., Energizer Holdings Inc., EnerSys, Exponential Power Inc., HBL Power Systems Ltd., Johnson Controls International Plc, Panasonic Holdings Corp., Power Sonic Corp., Robert Bosch GmbH, Surrette Battery Co. Ltd., Teledyne Technologies Inc., Trojan Battery Co. LLC, U.S. Battery Manufacturing Co., UPS Battery Center Ltd., and Wirtz Mfg Co. Inc. To find a preview of the market overviews, market drivers, opportunities, and potentials request a free sample report
By Application
Lead-Acid Battery: Major Applications The US lead-acid battery market is a diverse and critical player in various sectors, from the automotive and industrial batteries to deep cycle and stationary batteries. With a pivotal role in renewable energy storage and electric grid stability, these batteries support backup power solutions in the telecommunications industry, UPS systems, and transportation sector. The industry's commitment to sustainability is evident through robust recycling programs, aligning with environmental regulations governed by entities such as the U.S. Environmental Protection Agency (EPA) and Battery Council International (BCI). Advanced lead-acid technologies, including Absorbent Glass Mat (AGM) and Gel batteries, contribute to improved performance and safety. As smart grid technologies advance, lead-acid batteries continue to be indispensable for grid energy storage, ensuring reliable power supply and reinforcing their significance in the evolving landscape of energy storage solutions. Imperative Insights on the following aspects:
Related Reports: The aviation battery market size is estimated to grow at a CAGR of 7.26% between 2022 and 2027. The market size is forecast to increase by USD 317.81 million. The train battery market is estimated to grow at a CAGR of 5.45% between 2022 and 2027. The size of the market is forecast to increase by USD 179.11 million. ToC: Executive Summary Market Landscape Market Sizing Historic Market Sizes Five Forces Analysis Market Segmentation by Application Market Segmentation by Type Market Segmentation by Geography Customer Landscape Geographic Landscape Drivers, Challenges, & Trends Company Landscape Company Analysis 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 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 View original content to download multimedia:https://www.prnewswire.com/news-releases/lead-acid-battery-market-in-us-to-record-a-growth-of-usd-1-17-billion-between-2022-to-2027-c-and-d-technologies-inc-and-camel-group-co-ltd-to-emerge-as-key-vendors--technavio-302040821.html SOURCE Technavio |