Sealed Lead Acid (SLA) Battery, also called Valve Regulated Lead Acid (VRLA) Batteries, are a lead acid battery that has the sulfuric acid electrolyte coagulated (thickened) so it cannot spill out. They are partially sealed, but have vents in case gases are accidentally released for example by overcharging.
Sealed lead acid batteries are one of the predominantly used batteries in automobiles such as passenger cars, commercial cars and motorcycles. The rapid urbanization and industrialization trend in various developing countries across the globe is one among the chief drivers of lead acid battery market. Increasing requirement of uninterrupted power supply in industries, corporate offices, hospitals, research institutions, educational institutes and houses further add to demand of these batteries. Implementation of smart grid projects, deployment of vehicle charging infrastructure, increasing usage of hybrid and electric vehicles, increasing installation of renewable energy systems and increasing span of telecom towers are some of the underlying demand drivers for lead acid battery across the globe.
In global market, the consumption of Sealed Lead Acid (SLA) Battery increases from 209861.05 Million VAh in 2012 to 294841.64 Million VAh in 2016, at a CAGR of 8.87%. In 2016, the global Sealed Lead Acid (SLA) Battery consumption market is led by Asia Pacific, capturing about 51.40% of global Sealed Lead Acid (SLA) Battery sales. North America is the second-largest region-wise market with 22.22% global consumption share.
At present, some of the key players in global Lead Acid Battery market include Johnson Controls, Exide, CSB Battery, GS Yuasa Corporate, Enersys, EAST PENN Manufacturing, Sebang, Atlasbx, Amara Raja, C&D Technologies, Trojan, First National Battery, Chaowei Power, Tianneng Power, Camel, Fengfan, Leoch, Narada Power, Sacred Sun Power Sources, Coslight Technology.
On the basis of applications the market is segmented as automotive starter, motorcycles and electric bikes, forklifts and other vehicles and UPS. Automotive Starter and Motorcycles and Electric Bikes segments collectively contributed to the 68.58% of market consumptions in 2016. UPS application segment is identified as one of the fastest growing market during the past five years with CAGR of 10.64%.
In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, Sealed Lead Acid (SLA) Battery production will show a trend of steady growth.
The global Sealed Lead Acid (SLA) Battery market is valued at 30600 million US$ in 2018 is expected to reach 54200 million US$ by the end of 2025, growing at a CAGR of 7.4% during 2019-2025.
This report focuses on Sealed Lead Acid (SLA) Battery volume and value at global level, regional level and company level. From a global perspective, this report represents overall Sealed Lead Acid (SLA) Battery market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Johnson Controls
Exide
CSB Battery
GS Yuasa Corporate
Enersys
EAST PENN Manufacturing
Sebang
Atlasbx
Amara Raja
C&D Technologies
Trojan
First National Battery
Chaowei Power
Tianneng Power
Camel
Fengfan
Leoch
Narada Power
Sacred Sun Power Sources
Coslight Technology
Segment by Regions
North America
Europe
China
Japan
Segment by Type
AGM Battery
GEL Battery
Segment by Application
Automotive Starter
Motorcycles and Electric Bikes
Forklifts and Other Vehicles
UPS
Others
Summary:
Get latest Market Research Reports on Sealed Lead Acid (SLA) Battery . Industry analysis & Market Report on Sealed Lead Acid (SLA) Battery is a syndicated market report, published as Global Sealed Lead Acid (SLA) Battery Market Research Report 2019. It is complete Research Study and Industry Analysis of Sealed Lead Acid (SLA) Battery market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.