Europe Advanced Lead-acid Battery Market 2022-2032 by Product Type (Motive, Stationary, SLI), Construction Method (Flooded, VRLA), Application (Transportation, Industrial, Utility, Commercial & Residential), and Country: Trend Forecast and Growth Opportunity
Europe advanced lead-acid battery market was valued at $5.02 billion in 2022 and will grow by 6.7% annually over 2022-2032. The growth is driven by the rapid tvehicles andadvancements, the increasing penetration of electric vehicles, and rising applications of advanced lead-acid battery in industrial, commercial, and residential sectors.
Highlighted with 31 tables and 37 figures, this 106-page report “Europe Advanced Lead-acid Battery Market 2022-2032 by Product Type (Motive, Stationary, SLI), Construction Method (Flooded, VRLA), Application (Transportation, Industrial, Utility, Commercial & Residential), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Europe advanced lead-acid battery market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Europe advanced lead-acid battery market in every aspect of the classification from perspectives of Product Type, Construction Method, Application, and Country.
Based on Product Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Motive Batteries
• Stationary Batteries
• Starting-Light-Ignition (SLI) Batteries
Based on Construction Method, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Flooded Batteries
• Valve-Regulated Lead-Acid (VRLA) Batteries
By Application, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Transportation Batteries
• Industrial Batteries
• Utility
• Commercial & Residential
Geographically, the following national/local markets are fully investigated:
• Germany
• UK
• France
• Spain
• Italy
• Netherlands
• Rest of Europe (further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Product Type, Construction Method, and Application over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Amara Raja Batteries Ltd.
Banner Batteries
Camel Group Co., Ltd.
Chaowei Power Holdings Limited
Clarios (Formerly Johnson Controls International PLC)
Coslight Technology International Group Co., Ltd.
Crown Battery
CSB Energy Technology Co., Ltd.
East Penn Manufacturing Company
EnerSys
Exide Industries Ltd.
Fiamm Energy Technology S.P.A.
First National Battery
Gridtential Energy, Inc.
GS Yuasa Corporation
Leoch International Technology Limited Inc.
Narada Power Source Co., Ltd.
Samsung SDI Co., Ltd.
Tesla Inc.
The Furukawa Battery Co., Ltd.
TianJin Lishen Battery Joint-Stock Co., Ltd.
Tianneng Battery Group Co., Ltd.
Trojan Battery Company
VARTA AG
Zhejiang Narada Power Source Co., Ltd.
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 18
2.1 Market Size and Forecast 18
2.1.1 Impact of COVID-19 on World Economy 19
2.1.2 Impact of COVID-19 on the Market 22
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 24
2.2 Major Growth Drivers 28
2.3 Market Restraints and Challenges 33
2.4 Emerging Opportunities and Market Trends 36
2.5 Porter’s Fiver Forces Analysis 40
3 Segmentation of Europe Market by Product Type 44
3.1 Market Overview by Product Type 44
3.2 Motive Batteries 46
3.3 Stationary Batteries 47
3.4 Starting-Light-Ignition (SLI) Batteries 48
4 Segmentation of Europe Market by Construction Method 49
4.1 Market Overview by Construction Method 49
4.2 Flooded Batteries 51
4.3 Valve-Regulated Lead-Acid (VRLA) Batteries 52
5 Segmentation of Europe Market by Application 53
5.1 Market Overview by Application 53
5.2 Transportation Batteries 55
5.3 Industrial Batteries 56
5.4 Utility 57
5.5 Commercial & Residential 58
6 European Market 2022-2032 by Country 59
6.1 Overview of European Market 59
6.2 Germany 62
6.3 U.K. 64
6.4 France 66
6.5 Spain 68
6.6 Italy 70
6.7 Netherlands 72
6.8 Rest of European Market 74
7 Competitive Landscape 76
7.1 Overview of Key Vendors 76
7.2 New Product Launch, Partnership, Investment, and M&A 79
7.3 Company Profiles 80
Amara Raja Batteries Ltd. 80
Banner Batteries 82
Camel Group Co., Ltd. 83
Chaowei Power Holdings Limited 84
Clarios (Formerly Johnson Controls International PLC) 85
Coslight Technology International Group Co., Ltd. 86
Crown Battery 87
CSB Energy Technology Co., Ltd. 88
East Penn Manufacturing Company 89
EnerSys 90
Exide Industries Ltd. 91
Fiamm Energy Technology S.P.A. 92
First National Battery 93
Gridtential Energy, Inc. 94
GS Yuasa Corporation 95
Leoch International Technology Limited Inc. 96
Narada Power Source Co., Ltd. 97
Samsung SDI Co., Ltd. 98
Tesla Inc. 99
The Furukawa Battery Co., Ltd. 100
TianJin Lishen Battery Joint-Stock Co., Ltd. 101
Tianneng Battery Group Co., Ltd. 102
Trojan Battery Company 103
VARTA AG 104
Zhejiang Narada Power Source Co., Ltd. 105
RELATED REPORTS 106
List of Tables:
Table 1. Snapshot of Europe Advanced Lead-acid Battery Market in Balanced Perspective, 2022-2032 17
Table 2. World Economic Outlook, 2021-2031 20
Table 3. World Economic Outlook, 2021-2023 21
Table 4. Scenarios for Economic Impact of Ukraine Crisis 25
Table 5. Main Product Trends and Market Opportunities in Europe Advanced Lead-acid Battery Market 36
Table 6. Europe Advanced Lead-acid Battery Market by Product Type, 2022-2032, $ mn 44
Table 7. Europe Advanced Lead-acid Battery Market by Construction Method, 2022-2032, $ mn 49
Table 8. Europe Advanced Lead-acid Battery Market by Application, 2022-2032, $ mn 53
Table 9. Europe Advanced Lead-acid Battery Market by Country, 2022-2032, $ mn 61
Table 10. Germany Advanced Lead-acid Battery Market by Product Type, 2022-2032, $ mn 63
Table 11. Germany Advanced Lead-acid Battery Market by Construction Method, 2022-2032, $ mn 63
Table 12. Germany Advanced Lead-acid Battery Market by Application, 2022-2032, $ mn 63
Table 13. U.K. Advanced Lead-acid Battery Market by Product Type, 2022-2032, $ mn 65
Table 14. U.K. Advanced Lead-acid Battery Market by Construction Method, 2022-2032, $ mn 65
Table 15. U.K. Advanced Lead-acid Battery Market by Application, 2022-2032, $ mn 65
Table 16. France Advanced Lead-acid Battery Market by Product Type, 2022-2032, $ mn 67
Table 17. France Advanced Lead-acid Battery Market by Construction Method, 2022-2032, $ mn 67
Table 18. France Advanced Lead-acid Battery Market by Application, 2022-2032, $ mn 67
Table 19. Spain Advanced Lead-acid Battery Market by Product Type, 2022-2032, $ mn 69
Table 20. Spain Advanced Lead-acid Battery Market by Construction Method, 2022-2032, $ mn 69
Table 21. Spain Advanced Lead-acid Battery Market by Application, 2022-2032, $ mn 69
Table 22. Italy Advanced Lead-acid Battery Market by Product Type, 2022-2032, $ mn 71
Table 23. Italy Advanced Lead-acid Battery Market by Construction Method, 2022-2032, $ mn 71
Table 24. Italy Advanced Lead-acid Battery Market by Application, 2022-2032, $ mn 71
Table 25. Netherlands Advanced Lead-acid Battery Market by Product Type, 2022-2032, $ mn 73
Table 26. Netherlands Advanced Lead-acid Battery Market by Construction Method, 2022-2032, $ mn 73
Table 27. Netherlands Advanced Lead-acid Battery Market by Application, 2022-2032, $ mn 73
Table 28. Advanced Lead-acid Battery Market in Rest of Europe by Country, 2022-2032, $ mn 75
Table 29. Amara Raja Batteries Ltd.: Company Snapshot 80
Table 30. Amara Raja Batteries Ltd.: Business Segmentation 81
Table 31. Amara Raja Batteries Ltd.: Product Portfolio 81
List of Figures:
Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 16
Figure 4. Europe Advanced Lead-acid Battery Market, 2022-2032, $ mn 18
Figure 5. Impact of COVID-19 on Business 22
Figure 6. Primary Drivers and Impact Factors of Europe Advanced Lead-acid Battery Market 28
Figure 7. World Electric Vehicle Market, 2019-2030, $ bn 31
Figure 8. World Electric Vehicle Market, 2019-2030, million units 31
Figure 9. Renewable Electricity Capacity Growth by Region/Country, 2015-2020 and 2022-2027, GW 32
Figure 10. Primary Restraints and Impact Factors of Europe Advanced Lead-acid Battery Market 33
Figure 11. Investment Opportunity Analysis 37
Figure 12. Porter’s Fiver Forces Analysis of Europe Advanced Lead-acid Battery Market 40
Figure 13. Breakdown of Europe Advanced Lead-acid Battery Market by Product Type, 2022-2032, % of Revenue 45
Figure 14. Europe Addressable Market Cap in 2023-2032 by Product Type, Value ($ mn) and Share (%) 45
Figure 15. Europe Advanced Lead-acid Battery Market by Product Type: Motive Batteries, 2022-2032, $ mn 46
Figure 16. Europe Advanced Lead-acid Battery Market by Product Type: Stationary Batteries, 2022-2032, $ mn 47
Figure 17. Europe Advanced Lead-acid Battery Market by Product Type: Starting-Light-Ignition (SLI) Batteries, 2022-2032, $ mn 48
Figure 18. Breakdown of Europe Advanced Lead-acid Battery Market by Construction Method, 2022-2032, % of Sales Revenue 50
Figure 19. Europe Addressable Market Cap in 2023-2032 by Construction Method, Value ($ mn) and Share (%) 50
Figure 20. Europe Advanced Lead-acid Battery Market by Construction Method: Flooded Batteries, 2022-2032, $ mn 51
Figure 21. Europe Advanced Lead-acid Battery Market by Construction Method: Valve-Regulated Lead-Acid (VRLA) Batteries, 2022-2032, $ mn 52
Figure 22. Breakdown of Europe Advanced Lead-acid Battery Market by Application, 2022-2032, % of Sales Revenue 54
Figure 23. Europe Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%) 54
Figure 24. Europe Advanced Lead-acid Battery Market by Application: Transportation Batteries, 2022-2032, $ mn 55
Figure 25. Europe Advanced Lead-acid Battery Market by Application: Industrial Batteries, 2022-2032, $ mn 56
Figure 26. Europe Advanced Lead-acid Battery Market by Application: Utility, 2022-2032, $ mn 57
Figure 27. Europe Advanced Lead-acid Battery Market by Application: Commercial & Residential, 2022-2032, $ mn 58
Figure 28. Breakdown of European Advanced Lead-acid Battery Market by Country, 2022 and 2032, % of Revenue 60
Figure 29. Contribution to Europe 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 61
Figure 30. Advanced Lead-acid Battery Market in Germany, 2022-2032, $ mn 62
Figure 31. Advanced Lead-acid Battery Market in U.K., 2022-2032, $ mn 64
Figure 32. Advanced Lead-acid Battery Market in France, 2022-2032, $ mn 66
Figure 33. Advanced Lead-acid Battery Market in Spain, 2022-2032, $ mn 68
Figure 34. Advanced Lead-acid Battery Market in Italy, 2022-2032, $ mn 70
Figure 35. Advanced Lead-acid Battery Market in Netherlands, 2022-2032, $ mn 72
Figure 36. Advanced Lead-acid Battery Market in Rest of Europe, 2022-2032, $ mn 74
Figure 37. Growth Stage of Europe Advanced Lead-acid Battery Industry over the Forecast Period 76
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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