Russia Lead Acid Battery Market Size & Outlook, 2023-2030
Russia lead acid battery market, 2018-2030 (US$M)
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Russia lead acid battery market highlights
- The Russia lead acid battery market generated a revenue of USD 3,373.0 million in 2023 and is expected to reach USD 4,262.5 million by 2030.
- The Russia market is expected to grow at a CAGR of 3.4% 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 3,373.0 million |
| Market revenue in 2030 | USD 4,262.5 million |
| Growth rate | 3.4% (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, Russia accounted for 4.5% 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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Russia 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 58.7% in 2023. Horizon Databook has segmented the Russia 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.
Lead acid battery consumption is expected to grow in Russia on account of growing application in energy storage systems, automobiles, transport vehicles and e-bikes. Growing demand for both luxury and passenger cars on account of growing population, rapid urbanization and rising income levels will stimulate market growth.
Additionally, increasing fuel prices coupled with consumer awareness regarding global warming is expected to fuel the demand for e-bikes in the country which in turn will drive the usage of lead acid batteries over the upcoming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Russia lead acid battery market , including forecasts for subscribers. This country databook contains high-level insights into Russia lead acid battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia lead acid battery market size, by application, 2018-2030 (US$M)
Russia Lead Acid Battery Market Outlook Share, 2023 & 2030 (US$M)
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