The U.S. lead acid battery market size is expected to reach USD 14.4 billion by 2025, according to a new report by Grand View Research, Inc., registering a 5.3% CAGR over the forecast period. Growing demand for uninterruptible power supply or uninterruptible power source (UPS) systems in sectors such as oil and gas, healthcare, and chemical will drive market demand.
Robust manufacturing base and rapid growth of the automotive industry in the U.S. will augment demand for vehicle production and this will drive the demand for lead acid battery over the upcoming years. Hybrid and electric vehicles will witness growth on account of ongoing trend of substituting fuel with electric batteries. In addition, the government’s stringent regulations on emission norms in order to safeguard the environment and reduce degradation-based options are expected to play a critical role in shaping the overall battery market.
Lead acid battery manufacturing has witnessed significant technology upgradations during the past few years. These trends have resulted in substantial reduction in manufacturing cost of lead acid batteries. Carbon black additives are used in lead acid and expanders as they aid in high power delivery and energy density. Moreover, these additives enable battery developers to extract high efficiency and enhance the life cycle of batteries.
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Moreover, presence of large steel manufacturers such as Hebei Iron & Steel Group, Baosteel Group Corp, WISCO, Jiangsu Shagang Group, Shougang Group, Anshan Iron & Steel Group, Shandong Iron & Steel Group, Maanshan Iron & Steel Co., Bohai Iron & Steel Group, and Valin Group will aid market penetration.
Various companies use these batteries on account of their low cost, high overcharge tolerance, high discharge rates, and low self-discharge. Leading end users include BMW, Toyota, Renault, Daimler, Tesla Motors, Hyundai, GM, Riello UPS, and EAPRO Global Limited. Lead acid batteries can undergo smelting process in order to be recycled and reused.
Further key findings from the report suggest:
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Grand View Research has segmented the U.S. lead acid battery market on the basis of product, construction, and application:
U.S. Lead Acid Battery Product Outlook (Revenue, USD Million, 2014 – 2025)
U.S. Lead Acid Battery Construction Outlook (Revenue, USD Million, 2014 – 2025)
U.S. Lead Acid Battery Application Outlook (Revenue, USD Million, 2014 – 2025)
Key Topics Covered
Table of Content
Chapter 1 Methodology and Scope 1.1 Market Segmentation & Scope 1.2 Information Procurement 1.2.1 Purchased Database 1.2.2 GVR Internal Database 1.2.3 Secondary Source & Third-Party Perspectives 1.2.4 Primary Research 1.3 Information Analysis 1.3.1 Data analysis models 1.4 Market Formulation & Data Visualization 1.5 Data Validation & Publishing 1.6 Research Scope & Assumptions 1.7 List of Data Sources Chapter 2 Executive Summary 2.1 Market Summary 2.2 Segmental Outlook 2.3 Competitive Insights Chapter 3 U.S. Lead Acid Battery Market Variables, Trends, and Scope 3.1 Market Lineage Outlook 3.1.1 U.S. Battery Market Outlook Market Outlook 3.1.2 U.S. Lead Acid Battery Recycling Market Outlook 3.2 Penetration & Growth Prospect Mapping 3.3 Value Chain Analysis 3.3.1 Raw Material Trends
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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