SLA Batteries Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (General Purpose SLA AGM Batteries, Deep Cycle SLA AGM Batteries, Gel SLA Batteries, UPS SLA AGM Batteries); Application (Emergency Lighting, Security Systems, Back Ups, Consumer Electronics, Others) and Geography
Report Code: TIPRE00020662
| No. of Pages: 150
| Category: Energy and Power
| Status: Upcoming
The Global battery market was valued at USD 108.4 billion in the year 2019 and is estimated to grow at a compound annual growth rate (CAGR) of 14.1% from 2020 to 2028. The market growth is attributed to huge demand from the automotive, industrial and portable applications. The automotive applications mainly include rechargeable batteries utilized in non-rechargeable batteries as well as electric vehicles. The rising popularity of consumer electronics on worldwide level is projected to result in the usage of the SLA battery as a product type over the forecast period.
With the pandemic of COVID-19, the industry experienced a negative impact in terms of battery production and sales for Q1 and Q2 of 2020 because a majority of the battery industry supply chain is concentrated in China. But still, the market is estimated to observe substantial growth on account of technological advancements in terms of efficiency, cost-effectiveness, and innovation. Strict emission norms and guidelines by the authorities of developed nations, such as and the United Kingdom the United States, triggered attention towards efficiency and is further expected to drive battery demand.
The "Global SLA Batteries Market Analysis to 2028" is a specialized and in-depth study of the SLA batteries market with a special focus on the global market trend analysis. The report aims to provide an overview of SLA batteries market with detailed market segmentation by type, application and geography. The global SLA batteries market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading SLA batteries market players and offers key trends and opportunities in the SLA batteries market.
The global SLA batteries market is segmented on the basis of type and application. On the basis of type, the market is segmented as general purpose SLA AGM Batteries, deep cycle SLA AGM batteries, gel SLA batteries, UPS SLA AGM batteries. On the basis of application, the market is segmented as emergency lighting, security systems, backups, consumer electronics, others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global SLA batteries market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The SLA batteries market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report also includes the profiles affecting SLA batteries market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the SLA batteries market in these regions.
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The reports cover key developments in the SLA batteries market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from SLA batteries market are anticipated to lucrative growth opportunities in the future with the rising demand for SLA batteries market. Below mentioned is the list of few companies engaged in the SLA batteries market.
The report also includes the profiles of key SLA batteries market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
CSB Energy Technology Co., Ltd.
FIAMM Energy Technology S.p.A.
IBT Power Limited
Southern Batteries Pvt. Ltd.
Storage Battery Systems, LLC
Yuasa Battery, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. CSB Energy Technology Co., Ltd.
2. Exide Technologies
3. FIAMM Energy Technology S.p.A.
4. IBT Power Limited
5. Johnson Controls
6. Panasonic Corporation
7. Southern Batteries Pvt. Ltd.
8. Storage Battery Systems, LLC
9. Vision Group
10. Yuasa Battery, Inc.