Sep 29,2020 | Battery
The lead acid battery consists of a varying combination of a metallic lead anode, a lead-dioxide cathode and an electrolyzed sulphuric acid solution. It is in fact one of the key components used in various automobiles for SLI that is the starting, lighting and ignition process. In the Middle East, the Kingdom of Saudi Arabia is considered as one of the largest automotive markets. Moreover the recent change to the social and economic conditions for the country is further driving the growth of the market.
The SLI segment is expected to dominate the market owing to the associated benefits such as long shelf life and reducing weight in vehicles. This in turn increases the vehicle sales. Saudi Arabia lead acid battery market is expected to grow at a steady rate during the forecast period. The Saudi Arabia lead acid battery market is driven by the increasing demand for cleaner energy sources. Additionally, stringent government policies & regulations pertaining to the greenhouse gases emissions and the type of batteries being used in the vehicles is further expected to propel the market through 2025. Furthermore, technological advancements and new product launches by the major players operating in the market is expected to create lucrative opportunities for the market growth. However, growing popularity of lithium ion batteries can hamper the market growth during the forecast period.
The major players operating in the lead acid battery market are Exide Technologies, ATLASBX Co. Ltd., GS Yuasa Corporation, Nipress PT, Leoch International Technology Ltd., CSB Battery Co. Ltd., Crown Battery Manufacturing Company, Johnson Controls International plc, Middle East Battery Company (MEBCO), C&D Technologies, MEA and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. Bharatbook offers both primary as well as an exhaustive secondary research on Saudi Arabia Lead Acid Battery Market. The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
For more details on the market, please visit Saudi Arabia Lead Acid Battery Market.