Global Deep Cycle Batteries Market to Reach US$16.7 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Deep Cycle Batteries estimated at US$12.9 Billion in the year 2020, is projected to reach a revised size of US$16.7 Billion by 2027, growing at a CAGR of 3.8% over the period 2020-2027.VRLA Batteries, one of the segments analyzed in the report, is projected to grow at a 3.7% CAGR to reach US$14.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the FLA Batteries segment is readjusted to a revised 4.3% CAGR for the next 7-year period. This segment currently accounts for a 14.4% share of the global Deep Cycle Batteries market.
The U.S. Accounts for Over 29.4% of Global Market Size in 2020, While China is Forecast to Grow at a 3.6% CAGR for the Period of 2020-2027
The Deep Cycle Batteries market in the U.S. is estimated at US$3.8 Billion in the year 2020. The country currently accounts for a 29.42% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$3 Billion in the year 2027 trailing a CAGR of 3.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 3.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR while Rest of European market (as defined in the study) will reach US$3 Billion by the year 2027.We bring years of research experience to this 8th edition of our report. The 186-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
- Competitors identified in this market include, among others,
- Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
- C&D Technologies, Inc.
- Coslight India Telecom Pvt. Ltd.
- Crown Battery
- DMS Technologies
- East Penn Manufacturing Co., Inc.
- EnerSys, Inc.
- EverExceed Corporation
- Exide Industries Ltd.
- Exide Technologies
- GS Yuasa Corporation
- HBL Power Systems Ltd.
- Johnson Controls, Inc.
- Korea Battery Co., Ltd.-Daejin Battery Co., Ltd.
- Microtex Energy Private Limited
- MIDAC S.p.A.
- Navitas System, LLC.
- Rolls Battery
- Storage Battery Systems LLC
- Su-Kam Power Systems Ltd.
- Trojan Battery Co.
- West Marine, Inc.
- Yokohama Trading N.V. (Suriname)