SAN FRANCISCO, June 23, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Deep Cycle Batteries – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What’s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
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- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one year
Edition: 8; Released: January 2022
Executive Pool: 511
Companies: 54 – Players covered include Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH; C&D Technologies, Inc.; Coslight India Telecom Pvt. Ltd.; Crown Battery; DMS Technologies; East Penn Manufacturing Co., Inc.; EnerSys, Inc.; EverExceed Corporation; Exide Industries Ltd.; Exide Technologies; GS Yuasa Corporation; HBL Power Systems Ltd.; Johnson Controls, Inc.; Korea Battery Co., Ltd.-Daejin Battery Co., Ltd.; Microtex Energy Private Limited; MIDAC S.p.A.; Navitas System, LLC.; Rolls Battery; Storage Battery Systems LLC; Su-Kam Power Systems Ltd.; Trojan Battery Co.; West Marine, Inc.; Yokohama Trading N.V. (Suriname) and Others.
Coverage: All major geographies and key segments
Segments: Application (Stationary, Automotive, Motive); Type (VRLA Batteries, FLA Batteries)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy
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Amid the COVID-19 crisis, the global market for Deep Cycle Batteries estimated at US$12.9 Billion, is projected to reach a revised size of US$16.2 Billion by 2026, growing at a CAGR of 3.8% over the analysis period. VRLA Batteries, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$14.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the FLA Batteries segment is readjusted to a revised 4.3% CAGR for the next 7-year period.
The Deep Cycle Batteries market in the U.S. is estimated at US$4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.9 Billion by the year 2026 trailing a CAGR of 3.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 3.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.
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