Global Advanced Lead-Acid Batteries Market Outlook to 2020 - Market Analysis by Geography, Application, Competitive Landscape, Key Company Information - Growth Trends and Forecasts
The Global Advanced Lead Acid Battery is expected to reach USD XX billion by 2020 from USD XX billion in 2015 and is expected to grow at a CAGR of XX% during the outlook period. In 2020, 58% of the total demand is expected to be from the transportation sector.
Global advanced lead-acid battery market is on rise. Investments are flowing in to research and development activities of advanced batteries as the world always looks to more efficient ways of energy storage, which are at the same time to be economical and safe as well. Dramatic improvements in the performance of lead-acid batteries have come about not through the use of rare or expensive materials, but through the creative use of the raw materials that lead-acid manufacturers have been using for decades.
It is the creative use of standard, readily available materials that has enabled engineers to achieve the technological breakthroughs that are making a new generation of affordable, efficient and environmentally-safe lead-acid batteries available for use in hybrid electric vehicles and other energy storage programs. For years, scientists have known that the accumulation of lead sulfate has prevented lead-acid batteries from achieving a sustained level of operation required for heavy duty performance in hybrid electric vehicles and other energy storage applications.
This problem would occur whenever a lead-acid batterys state-of-charge remained significantly below 100% for a sustained period. Conversely, whenever the batteries state-of-charge would rise much above 70 percent, it could not accept a recharge from either a stop-start braking system or a charge from the engine itself.
Despite the technical limitations, the lead battery industry remains a multi-billion dollar business because of two reasons mainly the industry is adept at responding to the evolving needs of its clients, and second, lead-based batteries remain the cheapest form of electrochemical energy storage available in the market.
What the Report Offers
Market Definition for the specified topic along with identification of key drivers and restraints for the market.
Market analysis for the Global Advanced Lead-Acid Battery Market, with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
Identification and analysis of the Macro and Micro factors that affect the Global Advanced Lead-Acid Battery market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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