Market Overview:
The global deep cycle batteries market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles and renewable energy sources. Additionally, the growing awareness about the benefits of using deep cycle batteries is also contributing to the growth of this market. The VRLA segment is expected to dominate the global deep cycle batteries market during the forecast period, owing to its high efficiency and low maintenance requirements.
Product Definition:
A deep cycle battery is a battery that can be discharged to a low voltage without damaging the battery. These batteries are used in applications where the battery will be discharged and then recharged multiple times, such as in electric vehicles and golf carts.
VRLA:
Virtual rechargeable lithium-ion batteries (VRLA) are a new technology that has been around for about two decades in the Solid State Battery (SSA) domain. The technology was first commercialized by Johnson Matthey in the early 1990s, and since then several other companies have successfully developed VRLA batteries for various applications. For example, NEC Corporation's NMC series of VRLA battery has found its application in digital cameras and mobile phones; while Sanyo Electric Co.
FLA:
Flourine Lactone (FLA) is a chemical compound, which is naturally found in the milk of several mammalian species. It can also be produced by chemical synthesis and fermentation. FLA has been reported to have antioxidant properties that may help prevent damage from free radicals caused by oxygen or other oxidizing agents. These antioxidants are said to protect cell structures and membranes as well as neutralize harmful superoxide anion radicals, thus preserving cellular function.
Application Insights:
The automotive segment accounted for the largest revenue share of over 50% in 2017 and is expected to continue its dominance over the forecast period. Deep cycle batteries are used in various automotive applications, such as powertrain, lighting, ignition and body electronics. The stationary segment is projected to witness a significant CAGR of XX% from 2018 to 2030. Rising demand for renewable energy sources has led to an increase in investments in solar photovoltaic systems across countries worldwide. This investment leads to an increased requirement for storage devices that can provide reliable power during hours of sunlight. Batteries provide this solution by storing electricity generated from solar panels during daytime and releasing it at night time when there is excess load on the grid system required by homes and offices.
Regional Analysis:
The market in Asia Pacific is expected to grow at the highest rate over the forecast period. The growth can be attributed to increasing demand for batteries across various applications such as industrial, marine, UPS, and solar. Increasing penetration of renewable energy sources such as wind and solar is anticipated to drive the regional market further.
Increasing demand for electric vehicles in countries such as China and India along with growing sales of motorcycles are expected to drive product demand in Asia Pacific region over the forecast period. In addition, rising investments by companies including SANY Group; Exide; Johnson Controls; LG Chem; and Panasonic Corporation are projected to fuel industry growth over the next eight years.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for deep cycle batteries, as they are used in electric vehicles.
- Proliferation of renewable energy sources: Renewable energy sources such as solar and wind power are becoming increasingly popular due to their environmental benefits. This will lead to an increase in the demand for deep cycle batteries, as they are used in renewable energy applications.
- Development of smart grids: Smart grids are being developed all over the world with the aim of improving grid efficiency and reducing carbon emissions. This will lead to an increase in the demand for deep cycle batteries, as they can be used in smart grid applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Deep Cycle Batteries Market Research Report
By Type
VRLA, FLA
By Application
Motive, Stationary, Automotive
By Companies
East Penn Manufacturing, EnerSys, Exide Technologies, GS Yuasa, Johnson Controls, 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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Deep Cycle Batteries Market Report Segments:
The global Deep Cycle Batteries market is segmented on the basis of:
Types
VRLA, FLA
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Motive, Stationary, Automotive
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- East Penn Manufacturing
- EnerSys
- Exide Technologies
- GS Yuasa
- Johnson Controls
- 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
Highlights of The Deep Cycle Batteries Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- VRLA
- FLA
- By Application:
- Motive
- Stationary
- Automotive
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Deep Cycle Batteries Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Deep cycle batteries are designed to be discharged and recharged many times. They are often used in outdoor lighting, radios, and other devices that need a long battery life.
Some of the key players operating in the deep cycle batteries market are East Penn Manufacturing, EnerSys, Exide Technologies, GS Yuasa, Johnson Controls, 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.
The deep cycle batteries market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Deep Cycle Batteries Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Deep Cycle Batteries Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Deep Cycle Batteries Market - Supply Chain
4.5. Global Deep Cycle Batteries Market Forecast
4.5.1. Deep Cycle Batteries Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Deep Cycle Batteries Market Size (000 Units) and Y-o-Y Growth
4.5.3. Deep Cycle Batteries Market Absolute $ Opportunity
5. Global Deep Cycle Batteries Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Deep Cycle Batteries Market Size and Volume Forecast by Type
5.3.1. VRLA
5.3.2. FLA
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Deep Cycle Batteries Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Deep Cycle Batteries Market Size and Volume Forecast by Application
6.3.1. Motive
6.3.2. Stationary
6.3.3. Automotive
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Deep Cycle Batteries Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Deep Cycle Batteries Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Deep Cycle Batteries Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Deep Cycle Batteries Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Deep Cycle Batteries Demand Share Forecast, 2019-2026
9. North America Deep Cycle Batteries Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Deep Cycle Batteries Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Deep Cycle Batteries Market Size and Volume Forecast by Application
9.4.1. Motive
9.4.2. Stationary
9.4.3. Automotive
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Deep Cycle Batteries Market Size and Volume Forecast by Type
9.7.1. VRLA
9.7.2. FLA
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Deep Cycle Batteries Demand Share Forecast, 2019-2026
10. Latin America Deep Cycle Batteries Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Deep Cycle Batteries Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Deep Cycle Batteries Market Size and Volume Forecast by Application
10.4.1. Motive
10.4.2. Stationary
10.4.3. Automotive
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Deep Cycle Batteries Market Size and Volume Forecast by Type
10.7.1. VRLA
10.7.2. FLA
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Deep Cycle Batteries Demand Share Forecast, 2019-2026
11. Europe Deep Cycle Batteries Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Deep Cycle Batteries Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Deep Cycle Batteries Market Size and Volume Forecast by Application
11.4.1. Motive
11.4.2. Stationary
11.4.3. Automotive
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Deep Cycle Batteries Market Size and Volume Forecast by Type
11.7.1. VRLA
11.7.2. FLA
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Deep Cycle Batteries Demand Share, 2019-2026
12. Asia Pacific Deep Cycle Batteries Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Deep Cycle Batteries Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Deep Cycle Batteries Market Size and Volume Forecast by Application
12.4.1. Motive
12.4.2. Stationary
12.4.3. Automotive
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Deep Cycle Batteries Market Size and Volume Forecast by Type
12.7.1. VRLA
12.7.2. FLA
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Deep Cycle Batteries Demand Share, 2019-2026
13. Middle East & Africa Deep Cycle Batteries Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Deep Cycle Batteries Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Deep Cycle Batteries Market Size and Volume Forecast by Application
13.4.1. Motive
13.4.2. Stationary
13.4.3. Automotive
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Deep Cycle Batteries Market Size and Volume Forecast by Type
13.7.1. VRLA
13.7.2. FLA
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Deep Cycle Batteries Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Deep Cycle Batteries Market: Market Share Analysis
14.2. Deep Cycle Batteries Distributors and Customers
14.3. Deep Cycle Batteries Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. East Penn Manufacturing
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. EnerSys
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Exide Technologies
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GS Yuasa
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Johnson Controls
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. C&D Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COSLIGHT
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Crown Battery
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. DAEJIN BATTERY
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. DMS technologies
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. EverExceed
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Exide Industries
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. HBL Power Systems
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. HOPPECKE
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Microtex Energy
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. MIDAC Batteries
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Navitas System
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Rolls Battery
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Storage Battery Systems
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Su-Kam Power Systems
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
