According to TechSci Research report, “Global Valve Regulated Lead Acid Batteries Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, The Global Valve Regulated Lead Acid Batteries Market is expected to grow with the CAGR of 4.82%. The Global Valve Regulated Lead Acid Batteries Market is expected to register robust growth during the forecast period. The increasing adoption of renewable energy sources, such as solar photovoltaic (PV) systems, is a significant driver of the Valve Regulated Lead-Acid Battery market. As homeowners seek to harness clean and sustainable energy, the need for efficient energy storage solutions becomes paramount. Lead-acid batteries, including Valve Regulated Lead-Acid (VRLA) Batteries, play a crucial role in this context.
Renewable energy systems generate electricity intermittently, depending on factors like weather and daylight hours. Lead-acid batteries allow homeowners to store surplus energy produced during sunny or windy periods and use it during times of high energy demand or when renewable energy generation is low. This energy independence, coupled with the desire to reduce reliance on the grid and lower electricity bills, drives the demand for Valve Regulated Lead-Acid Batteries.
Another major driver of the Valve Regulated Lead-Acid Battery market is the growing need for reliable power backup solutions. Homes increasingly rely on a multitude of electronic devices, appliances, and systems, all of which require a stable power supply. Grid power disruptions due to weather events, aging infrastructure, or other factors can disrupt daily life and pose risks. Lead-Acid Batteries, particularly those used in uninterruptible power supply (UPS) systems, provide an effective solution to this problem.
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 desire for grid resilience and the ability to maintain essential functions during power outages make Valve Regulated Lead-Acid Batteries an essential component in many households, driving their adoption in the market.
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The Global Valve Regulated Lead Acid Batteries Market is segmented into product, technology, application, and region.
Based on Product, the market is segmented into stationary, motive, and start light & ignition batteries (SLI).
Based on the technology, the market is segmented into basic and advanced lead acid.
Based on application, the market is segmented into transportation, industrial, commercial, residential, others.
Based on region, the market is further bifurcated into North America, Asia-Pacific, Europe, South America, Middle East & Africa.
The Start Light & Ignition segment had the largest market share in 2022 and is expected to dominate the market during the forecast period. Light & Ignition Batteries are primarily designed to provide the initial burst of power required to start internal combustion engine-driven vehicles, including passenger cars, motorcycles, trucks, and other vehicles used in Commercial settings. Their role is crucial for ensuring that vehicles start reliably. In Commercial settings, Light & Ignition Batteries play a pivotal role in supporting the automotive needs of homeowners. They are typically installed in personal vehicles, ensuring that residents have reliable transportation for daily commuting, errands, and emergencies.
These batteries are a fundamental component in Commercial garages, powering not only passenger cars but also recreational vehicles (RVs), motorcycles, and other motorized equipment used for leisure and utility purposes. Light & Ignition Batteries are known for their ability to deliver high cranking power in a short burst, allowing them to turn over the engine's starter motor effectively. Based on the construction method.
The commercial segment had the largest market share in 2022 and is expected to dominate the market during the forecast period. VRLA Batteries have found extensive use in Commercial settings due to their versatility. They are employed in various applications to meet the backup power needs and energy storage requirements of homeowners. One of the primary applications of VRLA Batteries in Commercial settings is as backup power solutions.
Homeowners rely on these batteries to provide uninterrupted power during electrical grid outages, ensuring that essential appliances and systems remain operational. VRLA Batteries are commonly integrated into uninterruptible power supply (UPS) systems, which automatically switch to battery power when grid power is disrupted. This is critical for safeguarding sensitive electronics and maintaining productivity during blackouts.
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 Global Valve Regulated Lead Acid Batteries Market is expected to boost in the upcoming years and register a significant CAGR during the forecast period. The growth of the market is attributed to the increasing demand for lead acid batteries in the Transportation & Commercial sector. Lead acid batteries are used in a variety of applications such as Backup power, Solar and wind energy storage, Electric vehicles among others. Therefore, the market for Valve Regulated Lead Acid Batteries is likely to propel in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Valve Regulated Lead Acid Batteries Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Stationary, Motive, and Start Light & Ignition Batteries (SLI)), By Technology (Basic, Advanced Lead Acid), By Application (Transportation, Industrial, Commercial, Residential, Others), By Region, Competition, 2018-2028”, has evaluated the future growth potential of Global Valve Regulated Lead Acid Batteries and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Valve Regulated Lead Acid Batteries Market.
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