Automotive Applications to Drive Lead Acid Battery Market to New Heights in Asia Pacific

By -
Lead acid batteries are a commonly used power storage mechanism in everyday life. From home appliances to cars to public transportation – lead acid batteries run systems that we depend on as we move through the day. In instances of power disruption, such as blackouts, lead acid batteries are often used to provide the necessary backup power for computers to a wide range of end users, from border security to hospital emergency lighting.

Browse the full Asia Pacific, Latin America, Japan, Middle East & Africa Lead Acid Battery Market Report: http://www.mrrse.com/lead-acid-battery-market

Thus, due to the large-scale usage of lead acid batteries for everyday operations as well as in the form of a standby energy source in industrial manufacturing, transportation, communication networks, and human welfare, these are some of the areas that hold immense potential for the lead acid battery market. According to a market study targeted at Asia Pacific, the Middle East and Africa, Japan, and Latin America, the lead acid battery market is expected to reach a valuation of US$31.7 bn by 2020, expanding at a CAGR of 4.60% from 2014 to 2020.

Structural and Functional Overview of Lead Acid Batteries

Structure-wise, lead acid batteries contain four main elements: a positive plate covered with a lead dioxide paste, a negative plate fabricated of sponge lead, a separator fabricated of insulating material that separates the two plates but enables ions and electrolyte to pass for conduction without physical contact between the plates, and an electrolyte that contains water and sulfuric acid.
For the electrical conduction mechanism in lead acid batteries, both lead and lead dioxide are suitable to be used as electrical conductors. It is due to the migration of aqueous ions (H+ and SO4-2), which are present in the electrolyte, that the conduction mechanism takes place.

Diverse Applicability of Lead Acid Batteries Increases Suitability for Large Applications

Lead acid batteries are extensively used for a large number of applications, however, it is their automotive applications that has aided the lead acid battery market to reach new heights. The widespread use of lead acid batteries is attributed to the following reasons – the use of relatively rudimentary technology enables easy manufacturing of these batteries that keeps the price low, and reliability and efficiency due to the utilization of well-established technology that offers a high current level.

Nevertheless, for automotive applications, lead acid batteries are ideally suited for several tasks, which include providing the current needed to start the vehicle. The precise high surge capability of these batteries helps their application in automotive design.

In Asia Pacific, the expanding demand for automobiles, especially in India and China, accounts for the 63.2% share of the regional market in the global market for lead acid batteries in 2014. In absolute numbers, the Asia Pacific lead acid battery market stood at close to US$15.3 bn in 2014 and is expected to be worth US$19.8 bn by 2020.


Request a Sample Copy of the Report @http://www.mrrse.com/sample/261

Latin America and Japan accounted for 14.4% and 14.1%, respectively, of the global market for lead acid batteries in 2014, largely due to the large-scale automotive and industrial applications of lead acid batteries in these regions.

Comments

Post a Comment

Popular posts from this blog

New reports Acetone Market Global Industry Analysis and Opportunity Assessment, 2014 – 2020

By -
Image
Research Reports Search Engine (MRRSE) announces the addition of a new report titled ‘ Acetone Market: Global Industry Analysis and Opportunity Assessment, 2014–2020’ to its database. The report finds that global acetone consumption stood at 5.9 million tonnes in 2014, and is poised to grow at a meager 3% CAGR from 2014 to 2020 to reach a little over 7.21 million tonnes by 2020. The report has been published by Future Market Insights (FMI). Global Acetone Market Analysis Forecast: The key drivers identified by the study are: The chemical sector’s dependence on acetone as a solvent, the use of acetone as a chemical in several processes, and the escalating use of BPA in the global automobile sector. On the other hand, the report warns that hurdles such as increasingly stringent government mandates for the chemical industry and the growing acceptance of bio-based acetone will restrict growth to some degree. In order to offer highly detailed insights into various face
Read more

Global Industrial Logistics Robots Market Shares, Status, Opportunities, Market Forecasts, 2014 to 2020

By -
The main benefits of incorporating industrial logistics robots are doing tasks that people cannot or will not perform, minimizing cost of labor, reducing the frequency as well as severity of injuries to workers, enabling processes that are speedier, more efficient, and organized, minimizing product damage, avoiding duplication, and mitigating loss arising from theft. To Get Browse Full Report with TOC: http://www.mrrse.com/reports/industrial-logistics-robots-market Developing industrial logistics robots is a rather tedious process that requires high capital and this often results in the postponement of investment. Achieving this feat is the biggest challenge at the moment. Logistics robots need to be customized according to the needs of a specific industry and this renders the process even more expensive. Another challenge that arises from the technological shift is the task of training new and existing staff to be able to handle and use these new systems. Logistic rob
Read more

Digital Transformation in Healthcare Spurred by Growing Popularity of mHealth Services

By -
Image
Digital transformation has had a revolutionary impact on almost every sphere of operation: manufacturing, retail, public sector, and banking, financial services, and insurance. However, when it comes to the healthcare industry, digital transformation is termed as a game changer. Widespread Usage of Digital Transformation in Healthcare Digital health has crept into every discipline of medicine, healthcare, and pharmaceuticals. Digital health platforms are being used across hospitals, clinics, and nursing homes in the form of mobile health apps, wireless solutions, and telehealth. These platforms are being implemented not only for remote monitoring of chronic diseases among patients, but also to access electronic personal health and medical records via mobiles and broadband services. The thriving mHealth market is a classic example of digital transformation in the healthcare sector. Browse the full Global Digital Transformation Market Report:  http://www.mrrse.com/dig
Read more