Germany Lead Acid Battery Market Size & Outlook, 2023-2030
Germany lead acid battery market, 2018-2030 (US$M)
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Germany lead acid battery market highlights
- The Germany lead acid battery market generated a revenue of USD 3,735.2 million in 2023 and is expected to reach USD 4,212.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 1.7% from 2024 to 2030.
- In terms of segment, automotive was the largest revenue generating application in 2023.
- UPS is the most lucrative application segment registering the fastest growth during the forecast period.
Lead acid battery market data book summary
| Market revenue in 2023 | USD 3,735.2 million |
| Market revenue in 2030 | USD 4,212.0 million |
| Growth rate | 1.7% (CAGR from 2023 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | UPS |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, UPS, Telecom, Electric Bikes, Transport Vehicles |
| Key market players worldwide | East Penn Manufacturing Co, EXIDE Industries, Johnson Controls International PLC, Northstar Recycling, GS Yuasa Corp, Crown Holdings Inc, Leoch International Technology Ltd |
Other key industry trends
- In terms of revenue, Germany accounted for 5.0% of the global lead acid battery market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Russia lead acid battery market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 2,449.3 million by 2030.
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Lead Acid Battery Market Scope
Lead Acid Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany lead acid battery market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lead acid battery market will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 58.67% in 2023. Horizon Databook has segmented the Germany lead acid battery market based on automotive, ups, telecom, electric bikes, transport vehicles covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing investment in eco innovations including electric bikes, cranes and fork lifters will set the pace for rapid market expansion. Energy efficient technologies and R&D initiatives to develop superior products are expected to offer ample opportunities for industry participants over the forecast period.
Growing demand for electric motors and bikes in order to control the pollution and usage of non-renewable resources expected to augment market demand over the next nine years. In addition, new product launched for electric bikes along with distribution channels is expected to augment market growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany lead acid battery market , including forecasts for subscribers. This country databook contains high-level insights into Germany lead acid battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany lead acid battery market size, by application, 2018-2030 (US$M)
Germany Lead Acid Battery Market Outlook Share, 2023 & 2030 (US$M)
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