Global Market Research Company US United States Lead Acid Battery Market Forecast an | Page 13

Industry Brief
United States Lead Acid Battery Market to Cross $ 20 Billion by 2023
According to TechSci Research report “United States Lead Acid Battery Market By Type, By Application,
Competition Forecast & Opportunities, 2013 – 2023’’, lead acid battery market in the United States is projected
to surpass $ 20 billion by 2023, majorl y on account of growing industrial and automotive sectors in the country.
Expanding telecommunications industry, increasing number of solar energy projects, growing railway network and
upcoming freight corridors are expected to stimulate demand for lead acid batteries in the coming years across
the country. Moreover, growing investments in power transmission & distribution sector coupled with
technological enhancement to produce low discharging batteries are expected to aid the market over the course
of next five years.
Automotive sector captured the largest share in the United States lead acid battery market in 2017 and is
expected to maintain its market dominance over the coming years as well, on account of growing sales of
automobiles in the country. SLI (Starting Lighting & Ignition) type of lead acid batteries dominate the market, on
account of their wide usage in automobiles and growing adoption of automatic start-stop systems in engines.
Northeast region is the largest demand generating region for lead acid batteries in the US, backed by increasing
automobile sales, growing investments in telecom sector and increasing renewable energy installations in the
region.
“The United States Department of Energy provides financial assistance to companies to boost their production
capacities to manufacture advanced VRLA (valve-regulated lead-acid) batteries to serve the global vehicle market
with viable, safe, cost effective and recyclable battery products. Moreover, technological developments aimed at
using intelligent advanced lead acid batteries in energy deficit regions in the country are likely to provide better
energy storage solutions in the United States. These market developments are expected to positively influence
the United States lead acid battery market in the coming years.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
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