Europe Lead Acid Battery Market Forecast 2017-2025
KEY FINDINGS The Europe lead-acid battery market is forecasted to grow at a CAGR of 3.14% over the estimated period of 2017-2025. The revenue generated by the market is expected to catapult from $11076 million in 2016 to $14748 million by 2025 over this period.
MARKET INSIGHTS Product launch is a major strategy adopted by various market players to compete in the Europe lead-acid battery market. The market segments are classified on the basis of end-users, battery types, and products. At present, SLI batteries are the most popular products for this market. However, the European market is also witnessing a growing use of SLA batteries in the data centers. The market growth is definitely expected to ascend over the forecast period, but factors like growing competition from Li-Ion batteries and other operational challenges might hinder the market expansion.
COMPETITIVE INSIGHTS Exide Technologies Inc., Johnson Controls Inc, Zibo Torch Energy Co Ltd, B.B. Battery Co, Crown Battery, Enersys, CSB Battery Company Ltd, Narada Power Source Co Ltd, C&D Technologies, Inc (Acquired By Kps Capital Partner),East Penn Manufacturing and Northstar are some of the top players in this market.