Global Lead Acid EV Vehicle Market, By Component (Positive Electrode, Negative Electrode, Electrolyte, Separator), Propulsion Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle), Method (Wire Bonding, Laser Bonding), Battery Capacity (300 kWh), Vehicle Type (Passenger Car, Commercial Vehicle, Two Wheeler), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Lead Acid EV Vehicle Market
The lead acid EV vehicle market is expected to witness market growth at a rate of 15.60% in the forecast period of 2022 to 2029. Data Bridge Market Research report on lead acid EV vehicle market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the automotive sector globally is escalating the growth of lead acid EV vehicle market.
A battery is widely utilized as a secondary power source in automobiles, and is considered a secondary (rechargeable) battery. The battery uses chemical energy stored in rechargeable battery packs for acquiring power and therefore does not require any combustion engine for propulsion.
The increase in demand for electric vehicles across the globe acts as one of the major factors driving the growth of lead acid EV vehicle market. The rise in the concerns regarding the harmful effects of climate change and launch of new plug-in models by major EV manufacturers accelerate the market growth. The emission of fuel vehicles along with the alarming pollution level recorded in major countries, and improvement in battery technology further influence the market. Additionally, rise in partnerships among public and private sectors to support the deployment of these batteries, implementation of government policies and regulations, and growing trend of electric vehicles ownership positively affect the lead acid EV vehicle market. Furthermore, rise in electric micromobility and introduction of the battery-as-a-service model (BaaS) extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, procurement concerns related to raw materials and concerns over battery safety are expected to obstruct the market growth. Reduction in subsidies and charging-related issues are projected to challenge the lead acid EV vehicle market in the forecast period of 2022-2029.
This lead acid EV vehicle market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on lead acid EV vehicle market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Lead Acid EV Vehicle Market Scope and Market Size
The lead acid EV vehicle market is segmented on the basis of component, propulsion type, method, battery capacity and vehicle type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the lead acid EV vehicle market is segmented into positive electrode, negative electrode, electrolyte and separator.
- On the basis of propulsion type, the lead acid EV vehicle market is segmented into battery electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle.
- On the basis of method, the lead acid EV vehicle market is segmented into wire bonding and laser bonding.
- On the basis of battery capacity, the lead acid EV vehicle market is segmented into <50 kWh, 50-110 kWh, 111-200 kWh, 201-300 kWh and >300 kWh.
- On the basis of vehicle type, the lead acid EV vehicle market is segmented into passenger car, commercial vehicle and two wheeler.
Lead Acid EV Vehicle Market Country Level Analysis
The lead acid EV vehicle market is analyzed and market size, volume information is provided by country, component, propulsion type, method, battery capacity and vehicle type as referenced above.
The countries covered in the global lead acid EV vehicle market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe is expected to dominate the lead acid EV vehicle market due to the surge in government incentives and funds within the region. Asia-Pacific is expected to witness high growth during the forecast period of 2022 to 2029 because of the increase in deployment of electric vehicles in countries such as China, Japan, and India.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Lead Acid EV Vehicle Market Share Analysis
The lead acid EV vehicle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to lead acid EV vehicle market.
Some of the major players operating in the lead acid EV vehicle market report are Johnson Controls (US), Exide Technologies (US), GS Yuasa International Ltd., Middle East Battery Company, Reem Batteries & Power Appliances Co. SAOC, ENERSYS, Saft, NorthStar, C&D TECHNOLOGIES, Robert Bosch GmbH, East Penn Manufacturing Company, Panasonic Corporation, Trojan Battery Company, SAMSUNG SDI CO., LTD, Leoch Battery Corporation, EXIDE INDUSTRIES LTD, CENTURY BATTERIES INDONESIA, Tai Mao Battery Co., Ltd, Infocom Network Limited, and Hitachi Chemical Energy Technology Co. Ltd., among others.
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