Dublin, July 09, 2021 (GLOBE NEWSWIRE) -- The "Global Stationary Lead Acid Battery Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
Stationary lead acid batteries (LABs) have been used for nearly 140 years to power various small and large applications. Over the last 5 decades, these batteries have become the standard source of power not only for automobiles but also for gensets, UPS systems, and other equipment. Low price, ease of recyclability, and user-friendliness have driven high adoption across industries, including new ones such as data centers and 5G telecom networks.
The growing number of renewable energy (RE) installations, mainly solar PV, has led to excess power generation and high demand for energy storage solutions, which drives demand for stationary LABs. Poor grid connectivity and frequent power outages in developing regions also aid in the deployment of these batteries as prime and backup power sources. Data centers and telecom networks are a large market for stationary LABs as operators in these domains deploy multiple systems such as gensets, UPS systems, DC power systems, and standalone batteries to cater to high power demand and reduce network downtime.
Stationary LABs are likely to face intense competition from other battery chemistries; Lithium-ion is gaining popularity due to its high energy density, cost-effectiveness, and ability to meet the growing power needs of new technologies.
The COVID-19 pandemic has caused the market to shrink due to lockdowns and the cessation of industrial activity. Asia-Pacific (APAC) is the largest market for stationary LABs, followed by North America. APAC and the Middle East and Africa are expected to witness high growth rates due to increased industrial, commercial, and infrastructure investments, which will fuel demand for power sources. Increased expenditure by utilities will drive demand for batteries and make the segment the major adopter of stationary LABs. The global stationary LABs market is expected to grow from $7.38 billion in 2020 to $11.02 billion in 2030 at a CAGR of 4.1%. It declined by 6.9% in 2020 due to the pandemic; however, growth is forecast to pick up in 2021.
The study period runs from 2019 to 2030, and the base year is 2020. The study covers North America, Europe, APAC, Latin America, the Middle East and Africa, and Rest-of-World (RoW).
Key Issues Addressed
What is the current state of the market? What is the projected growth rate until 2030?
What is the extent of the impact of the COVID-19 pandemic on the market?
Which regions will play an important role in future market growth? How are they likely to evolve?
Which end-user industries will be key to the development of the market, going forward? What trends will drive these industries?
Which application segments will drive future market growth? What is the growth forecast for these segments?
What is the nature of the competition in this market?
Key Topics Covered:
1. Growth Environment
2. Strategic Imperatives
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8T
The Impact of the Top Three Strategic Imperatives on the Stationary LAB Market
Growth Opportunities Fuel the Growth Pipeline EngineT
3. Growth Opportunity Analysis, Stationary LAB Market
Scope of Analysis
Key Growth Metrics
Growth Driver Analysis
Growth Restraint Analysis
Revenue Forecast by End User
Revenue Forecast by Application
Revenue Forecast by Region
Revenue Forecast by Valve Type
Revenue Forecast Analysis
Revenue Forecast Analysis by End User
Revenue Forecast Analysis by Application
Revenue Forecast Analysis by Region
Revenue Forecast Analysis by Valve Type
Revenue Share of Top Participants
Revenue Share Analysis
4. Growth Opportunity Analysis, Stationary Lead Acid Battery Market, North America
Key Growth Metrics, North America
Revenue Forecast, North America
Revenue Forecast by End User, North America
Revenue Forecast by Application, North America
Revenue Forecast Analysis, North America
5. Growth Opportunity Analysis, Stationary Lead Acid Battery Market, Europe
Key Growth Metrics, Europe
Revenue Forecast, Europe
Revenue Forecast by End User, Europe
Revenue Forecast by Application, Europe
Revenue Forecast Analysis, Europe
Revenue Forecast Analysis by Country, Europe
6. Growth Opportunity Analysis, Stationary Lead Acid Battery Market, Asia-Pacific
Key Growth Metrics, Asia-Pacific
Revenue Forecast, Asia-Pacific
Revenue Forecast by End User, Asia-Pacific
Revenue Forecast by Application, Asia-Pacific
Revenue Forecast Analysis, Asia-Pacific
Revenue Forecast Analysis by Country, Asia-Pacific
7. Growth Opportunity Analysis, Stationary Lead Acid Battery Market, Latin America
Key Growth Metrics, Latin America
Revenue Forecast, Latin America
Revenue Forecast by End User, Latin America
Revenue Forecast by Application, Latin America
Revenue Forecast Analysis, Latin America
8. Growth Opportunity Analysis, Stationary Lead Acid Battery Market, The Middle East and Africa
Key Growth Metrics, The Middle East and Africa
Revenue Forecast, The Middle East and Africa
Revenue Forecast by End User, The Middle East and Africa
Revenue Forecast by Application, The Middle East and Africa
Revenue Forecast Analysis, The Middle East and Africa
9. Growth Opportunity Analysis, Stationary Lead Acid Battery Market, Rest-of-World
Key Growth Metrics, Rest-of-World
Revenue Forecast, Rest-of-World
Revenue Forecast by End User, Rest-of-World
Revenue Forecast by Application, Rest-of-World
Revenue Forecast Analysis, Rest-of-World
10. Growth Opportunity Universe, Stationary Lead Acid Battery Market
Growth Opportunity 1-Consolidation and Geographic Expansion, 2020
Growth Opportunity 2-New Product Development, 2020
Growth Opportunity 3-Solar PV Deployment (results in increased battery usage), 2020
List of Other Companies
12. Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/n34nmu
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