Industrial Lead-Acid Battery Procurement Research – Market Trends and Spend Analysis by SpendEdge

LONDON–(BUSINESS WIRE)–#battery–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Industrial
Lead-Acid Battery Market Procurement Research Report.’ The
insights and data in this report provide a strategic analysis of the
supply markets, factors influencing purchasing decisions, procurement
best practices, pricing models, supplier landscape, and an analysis of
the supplier capability matrix for the components
and spares industry. This report breaks down the data and
analysis behind the procurement of industrial lead-acid batteries and
acts as an all-inclusive guide for making smart purchasing decisions.

“Major end-user industries of lead-acid batteries are automotive
sector, telecom sector, energy storage system suppliers, and
organizations using renewable sources of energy,” says SpendEdge
procurement analyst Bhuvaneshwari Udayakumar. “Also, suppliers are
increasingly incorporating new technologies and techniques such as
battery performance analysis tools to aid buyers in ensuring optimum
performance,” added Bhuvaneshwari.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global
Industrial Lead-Acid Battery Market:

• Acceptance of lead-acid batteries by the EU
• Increasing recycling of lead-acid batteries
• Emergence of new battery technologies

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Acceptance of lead-acid batteries by the EU:

The lack of scalable, sustainable, and cost-effective substitute to
lead-acid batteries has led to a shift in focus. The EU and other
stakeholder organizations such as ILA are trying to balance
environmental and competitiveness considerations by replacing the
current emphasis on the substitution of hazardous substances with wider
sustainability and circular economy objectives for lead industry. Such a
shift in focus by regulatory bodies such as the EC ensures
sustainability of the industry. Thus, it decreases the risk of
technological obsolescence and substitution in the future

Increasing recycling of lead-acid batteries:

Recycling of lead-acid batteries is an essential aspect of the category
due to increasing stringency of government regulations. There is an
increasing trend in the recycling of lead-acid batteries as the quality
of the recycled lead is almost identical to the primary lead collected
from mining activities. Moreover, recycling of lead-acid batteries
ensures greater sustainability of the category. It also makes the
disposal of used batteries easier for the buyers.

The emergence of new battery technologies:

Increasing demand for batteries with larger capacity, higher efficiency,
and greater environmental sustainability has led stakeholders to
increasingly focus on emerging battery technologies for enhancing
capabilities of lead-acid batteries. With the advent of new battery
technologies, buyers can seek the latest technology in lead-acid
batteries and procure high-quality batteries that offer enhanced
performance.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred procurement market intelligence partner
for Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence that helps sourcing and procurement
professionals make informed decisions. These innovative procurement
solutions help enterprises transform structural capabilities, improve
execution efficiency, and fast-track time to savings.

Contacts

SpendEdge
Shilpa Balakrishnan
US: +1 (844) 746-0600
[email protected]