Global Stationary Lead Acid Battery Growth Opportunities

Global Stationary Lead Acid Battery Growth Opportunities

Companies are Increasingly Focusing on Renewable Energy and Moving towards Alternative and Distributed Power Generation; Telecom Companies and Data Centres will be the Key Drivers of Market Growth

RELEASE DATE
28-Jun-2021
REGION
Global
Research Code: MG34-01-00-00-00
SKU: EG02161-GL-MT_25532

$4,950.00

Special Price $4,455.00 save 10 %

In stock
SKU
EG02161-GL-MT_25532

$4,950.00

$4,455.00 save 10 %

DownloadLink

Pay by invoice

ENQUIRE NOW

Description

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 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?

Analyst: Manoj Shankar

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
Click image to view it in full size

Table of Contents

Growth Environment

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the Stationary LAB Market

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Key Competitors

Key Growth Metrics

Distribution Channels

Growth Drivers

Growth Driver Analysis

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Restraints

Growth Restraint Analysis

Growth Restraint Analysis (continued)

Forecast Assumptions

Revenue Forecast

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 End User (continued)

Revenue Forecast Analysis by End User (continued)

Revenue Forecast Analysis by End User (continued)

Revenue Forecast Analysis by Application

Revenue Forecast Analysis by Application (continued)

Revenue Forecast Analysis by Application (continued)

Revenue Forecast Analysis by Application (continued)

Revenue Forecast Analysis by Region

Revenue Forecast Analysis by Region (continued)

Revenue Forecast Analysis by Region (continued)

Revenue Forecast Analysis by Valve Type

Competitive Environment

Revenue Share of Top Participants

Revenue Share Analysis

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

Revenue Forecast Analysis, North America (continued)

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

Revenue Forecast Analysis by Country, Europe (continued)

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, Asia-Pacific (continued)

Revenue Forecast Analysis by Country, Asia-Pacific

Revenue Forecast Analysis by Country, Asia-Pacific (continued)

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

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

Revenue Forecast Analysis, The Middle East and Africa (continued)

Revenue Forecast Analysis, The Middle East and Africa (continued)

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

Growth Opportunity 1—Consolidation and Geographic Expansion, 2020

Growth Opportunity 1—Consolidation and Geographic Expansion, 2020 (continued)

Growth Opportunity 2—New Product Development, 2020

Growth Opportunity 2—New Product Development, 2020 (continued)

Growth Opportunity 3—Solar PV Deployment (results in increased battery usage), 2020

Growth Opportunity 3—Solar PV Deployment (results in increased battery usage, 2020 (continued)

List of Other Companies

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Related Research
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).--BEGIN PROMO--

Key Issues Addressed

  • What is the current state of the market? What is the projected growth rate until 2030?
  • What is the extent of 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?

Analyst: Manoj Shankar

More Information
No Index No
Podcast No
Author Manoj Shankar
Industries Energy
WIP Number MG34-01-00-00-00
Is Prebook No
GPS Codes 9AFE-A4,9AFF-A4,9B00-A4,9851,9852