This study discusses the market drivers, restraints, market and technology trends, revenue and units shipment forecast and market share analysis of the motive lead acid battery market. This is a global study that discusses the trends and revenues of different geographic regions such as North America, Europe, Asia Pacific, Latin America, and Rest-of-World. Demand analysis of each of these regions are discussed. Added to these information, other factors such as revenue contribution by construction type (flooded type and sealed, VRLA type) and revenue contribution through distribution channel analysis (OEM and aftermarket) is analysed and explained in this study.
Motive lead acid battery is one that employs lead acid chemistry for deep cycle applications such as mining, heavy-duty equipment, automated guided vehicles and the like. Lead acid battery is the most reliable chemistry for the currently used motive applications. These batteries used for motive applications are more bulky, rugged in construction, and larger in terms of footprint compared with the batteries of same chemistry used in stationary and automotive application. Besides, these batteries differ from their counterparts in construction too. These batteries used for motive application have thicker plates of electrodes for efficient charge discharge cycles and these thick electrodes make it efficient and suitable for deep cycle applications. The key feature that makes these batteries unique the electrodes, that are solid in construction, while the electrodes of lead acid batteries used in other applications are spongy. These batteries are rechargeable, with charging time of approximately 6 to 8 hours, during which the battery is fully charged for the deep cycle application.
This world motive lead acid battery market generated more than $2 billion during 2009, and is likely to grow at a steady growth rate.