Report overview
The global Sealed Lead Acid (SLA) Battery market was valued at 307.51 Million USD in 2021 and will grow with a CAGR of 7.51% from 2021 to 2027, based on Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Sealed Lead Acid (SLA) Battery, also called Valve Regulated Lead Acid (VRLA) Batteries, are a lead acid battery that has the sulfuric acid electrolyte coagulated (thickened) so it cannot spill out. They are partially sealed, but have vents in case gases are accidentally released for example by overcharging.Sealed lead acid batteries are one of the predominantly used batteries in automobiles such as passenger cars, commercial cars and motorcycles. The rapid urbanization and industrialization trend in various developing countries across the globe is one among the chief drivers of lead acid battery market. Increasing requirement of uninterrupted power supply in industries, corporate offices, hospitals, research institutions, educational institutes and houses further add to demand of these batteries. Implementation of smart grid projects, deployment of vehicle charging infrastructure, increasing usage of hybrid and electric vehicles, increasing installation of renewable energy systems and increasing span of telecom towers are some of the underlying demand drivers for lead acid battery across the globe. In global market, the consumption of Sealed Lead Acid (SLA) Battery increases from 209861.05 Million VAh in 2012 to 294841.64 Million VAh in 2016, at a CAGR of 8.87%. In 2016, the global Sealed Lead Acid (SLA) Battery consumption market is led by Asia Pacific, capturing about 51.40% of global Sealed Lead Acid (SLA) Battery sales. North America is the second-largest region-wise market with 22.22% global consumption share. At present, some of the key players in global Lead Acid Battery market include Johnson Controls, Exide, CSB Battery, GS Yuasa Corporate, Enersys, EAST PENN Manufacturing, Sebang, Atlasbx, Amara Raja, C&D Technologies, Trojan, First National Battery, Chaowei Power, Tianneng Power, Camel, Fengfan, Leoch, Narada Power, Sacred Sun Power Sources, Coslight Technology. On the basis of applications the market is segmented as automotive starter, motorcycles and electric bikes, forklifts and other vehicles and UPS. Automotive Starter and Motorcycles and Electric Bikes segments collectively contributed to the 68.58% of market consumptions in 2016. UPS application segment is identified as one of the fastest growing market during the past five years with CAGR of 10.64%. In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, Sealed Lead Acid (SLA) Battery production will show a trend of steady growth.
By Market Verdors:
Johnson Controls
Exide
CSB Battery
GS Yuasa Corporate
Enersys
EAST PENN Manufacturing
Sebang
Atlasbx
Amara Raja
C&D Technologies
Trojan
First National Battery
Chaowei Power
Tianneng Power
Camel
Fengfan
Leoch
Narada Power
Sacred Sun Power Sources
Coslight Technology
By Types:
AGM Battery
GEL Battery
By Applications:
Automotive Starter
Motorcycles and Electric Bikes
Forklifts and Other Vehicles
UPS
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
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