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According to the TechSci Research report, the Global Valve Regulated Lead Acid Batteries Market is projected to experience a robust CAGR of 4.82% during the forecast period 2018-2028.
The adoption of renewable energy sources, particularly solar photovoltaic (PV) systems, serves as a significant catalyst for the growth of Valve Regulated Lead-Acid Battery (VRLA) market globally. As homeowners increasingly pursue clean and sustainable energy solutions, the demand for efficient energy storage, exemplified by Lead-Acid Batteries, becomes essential. These batteries, including VRLA Batteries, play a crucial role in storing surplus energy generated during favorable conditions for later use during periods of high energy demand or reduced renewable energy generation.
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The increasing desire for energy independence, coupled with the aim to reduce reliance on the grid and lower electricity bills, contributes significantly to the demand for Valve Regulated Lead-Acid Batteries. Furthermore, the market is propelled by the escalating need for reliable power backup solutions. In the face of frequent grid power disruptions due to weather events, aging infrastructure, or other factors, Lead-Acid Batteries, especially those integrated into uninterruptible power supply (UPS) systems, provide a reliable solution. When grid power fails, these batteries automatically switch to battery power, ensuring uninterrupted electricity supply to critical appliances and systems, such as lighting, refrigeration, security systems, and communication equipment.
The report segments the Global Valve Regulated Lead Acid Batteries Market based on product, technology, application, and region. The product segmentation includes stationary, motive, and start light & ignition batteries (SLI). The technology segment comprises basic and advanced lead acid. Applications span across transportation, industrial, commercial, residential, and others. Regionally, the market is bifurcated into North America, Asia-Pacific, Europe, South America, and the Middle East & Africa.
Report Scope
In this report, the Global Valve Regulated Lead Acid Batteries Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
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Global Valve Regulated Lead Acid Batteries Market, By Product:
o Stationary
o Motive
o Start Light & Ignition Batteries (SLI)
Global Valve Regulated Lead Acid Batteries Market, By Application:
o Transportation
o Industrial
o Commercial
o Residential
o Others
Global Valve Regulated Lead Acid Batteries Market, By Technology
o Basic
o Advanced Lead Acid
Global Valve Regulated Lead Acid Batteries Market, By Region:
o North America
- United States
- Canada
- Mexico
o Asia-Pacific
- China
- India
- Japan
- South Korea
- Indonesia
o Europe
- Germany
- United Kingdom
- France
- Russia
- Spain
o South America
- Brazil
- Argentina
o Middle East & Africa
- Saudi Arabia
- South Africa
- Egypt
- UAE
- Israel
Key market players in the Global Valve Regulated Lead Acid Batteries Market are:
- EnerSys
- Stryten Energy LLC
- GS Yuasa Corporation
- East Penn Manufacturing Co. (US)
- Johnson Controls International PLC
- C&D Technologies Inc
- Crown Battery Manufacturing Co.
- Hoppecke AG
- NorthStar Battery Company
- Saft Groupe
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The report concludes that the market is poised for substantial growth in the coming years, driven by the increasing demand for lead acid batteries in the transportation and commercial sectors. The versatile applications, such as backup power, solar and wind energy storage, and electric vehicles, contribute to the rising prominence of Valve Regulated Lead Acid Batteries in the global market.
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