ASIA-PACIFIC LEAD ACID BATTERY MARKET FORECAST 2017-2025

ASIA-PACIFIC LEAD ACID BATTERY MARKET FORECAST 2017-2025

  • November 2017 •
  • 102 pages •
  • Report ID: 5178798
KEY FINDINGS
The Asia-Pacific lead-acid battery market accounted for the highest revenue share of $24921 million in 2016. The region is expected to continue its reign over the forecast period of 2017-2025, generating $38508 million by its end.

MARKET INSIGHTS
Countries like Japan, China, and South Korea are contributing significantly to the Asia-Pacific market growth. The contribution by China is believed to be the highest as it is increasingly focused towards developing better energy storage. By doing so, the nation has increased its share in renewable energy. Thus, it is safe to say that the rising demand for energy storage in renewables, data center, UPS, motive, and automotive applications are chiefly responsible for propelling the market growth. Also, growing sales of automobiles in China and India are considerably aiding the expansion of the Asia-Pacific market.

COMPETITIVE INSIGHTS
Fengfan Co Ltd (China), Nipress (Indonesia), Crown Battery, Fujian Quanzhou Dahua Battery Co Ltd, Gs Yuasa Corporation, Johnson Controls Inc, Zibo Torch Energy Co Ltd, C&D Technologies, Inc (Acquired By Kps Capital Partner), East Penn Manufacturing and Csb Battery Company Ltd are some of the noted players in this region.