The newly Deep Cycle Batteries market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
A deep-cycle battery is a lead-acid battery designed to be regularly deeply discharged using most of its capacity.
On the basis of products, the various types include VRLA Batteries and FLA Batteries. The VRLA Batteries segment held the largest market share in 2018 and is anticipated to show the same trend during the forecast period. This can be attributed to the growing demand for sealed maintenance batteries in developing countries and the use of UPS and golf carts. On the basis of application, the Deep Cycle Batteries market is segmented into Motive, Stationary, and Automotive. The stationary segment is expected to show growth in the coming years, owing to the increasing demand for deep cycle batteries in applications such as telecom, uninterruptible power supply (UPS), and off-grid energy storage systems.
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Market Insights
According to a new research study, the Deep Cycle Batteries market size is expected to reach USD 17,956 million by 2026 from USD 13,536 million in 2019, with a compound annual growth rate of 4.12% during the forecast period. The growth can be mainly attributed to the growing demand for electric forklift applications. With the recovery of the global economy and the development of emerging powers, the Deep Cycle Batteries market is endowed with a promising future.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Asia-Pacific is the global market leader at a share of 32.04%, owing to the growing demand for batteries in developing countries such as China and India along with the batteries offered by local manufacturers at a lower price. North America is the second largest market with a share of 27.98%, followed by Europe, accounting for 24.65%.
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Competitive Players
The Deep Cycle Batteries market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are East Penn Manufacturing, EnerSys, Exide Technologies, GS Yuasa, and Johnson Controls. Other prominent vendors in the market are C&D Technologies, COSLIGHT, Crown Battery, DAEJIN BATTERY, DMS technologies, EverExceed, Exide Industries, HBL Power Systems, HOPPECKE, Microtex Energy, MIDAC Batteries, Navitas System, Rolls Battery, Storage Battery Systems, Su-Kam Power Systems, Trojan Battery, West Marine, Yokohama Trading, and others.
Target Audience for this Report
l Deep Cycle Batteries manufacturers
l Deep Cycle Batteries importers and exporters
l Deep Cycle Batteries traders, distributors, and suppliers
l Raw material suppliers of Deep Cycle Batteries
l Deep Cycle Batteries industry associations
l Product managers, Deep Cycle Batteries industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Deep Cycle Batteries Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Deep Cycle Batteries Market by Types
4 Segmentation of Deep Cycle Batteries Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Deep Cycle Batteries Market in Major Countries
7 North America Deep Cycle Batteries Landscape Analysis
8 Europe Deep Cycle Batteries Landscape Analysis
9 Asia Pacific Deep Cycle Batteries Landscape Analysis
10 Latin America, Middle East & Africa Deep Cycle Batteries Landscape Analysis
11 Major Players Profile
11.1 East Penn Manufacturing
11.1.1 East Penn Manufacturing Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 EnerSys
11.3 Exide Technologies
11.4 GS Yuasa
11.5 Johnson Controls
11.6 C&D Technologies
11.7 COSLIGHT
11.8 Crown Battery
11.9 DAEJIN BATTERY
11.10 DMS technologies
11.11 EverExceed
11.12 Exide Industries
11.13 HBL Power Systems
11.14 HOPPECKE
11.15 Microtex Energy
11.16 MIDAC Batteries
11.17 Navitas System
11.18 Rolls Battery
11.19 Storage Battery Systems
11.20 Su-Kam Power Systems
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Key questions answered in the report
l What will the market size and growth rate be in 2026?
l What segment or region will drive or lead the market growth and what are the reasons?
l How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
l What key strategies are used by top vendors to increase revenue?
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