Lead Acid Battery Market: Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Type, Construction, Application, and Region.

The lead Acid Battery Market reached a value of US $ 59.95 Bn. in 2020. SLI type is one of the dominating segments of the Global Lead Acid Battery Market.

Lead Acid Battery Market Overview:

The lead acid battery is an energy storage device and common form of battery used in photovoltaic systems. It is widely used in the automotive, energy storage, and telecommunications industries, maritime, manufacturing, and chemical and pharmaceutical industries. Lead acid batteries have a long lifespan and affordable costs when compared to other battery types, though it has poor energy density, low efficiency, and high maintenance requirements. Lead acid batteries have the distinct benefit of being the most widely used type of battery for most rechargeable battery applications (for example, starting vehicle engines). Lead acid batteries generally have relatively high efficiencies of 85% and energy efficiencies of 70%. They have a typical cycle life of 1500 cycles at 80% depth of discharge. Lead Acid Battery Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

Global Lead Acid Battery Market Dynamics:

Lead acid batteries are widely used in automotive applications, such as forklifts, golf carts, and industrial cleaners. The high use of lead acid batteries in forklifts is expected to have a favorable impact on the market as product's low cost, reliability, and well-established supply chain. The lead acid battery is extensively used in vehicles as it provides great starting power. These batteries' improved safety, quality, and recycling procedure. These factors are driving the lead acid battery market growth across the globe. Initiatives to develop green energy solutions in the automobile industry are key factors driving demand for lead acid batteries. Leading lead acid battery manufacturers are concentrating their efforts in various nations to improve their production and distribution capacities. Some corporations are engaging directly with regional producers to strengthen their industrial research operations. These factors are expected to boost the lead acid battery demand during the forecast period. Cloud services have a high requirement for battery storage. Power outages and irregularities in cloud services might be critical. As a result, lead-acid batteries are primarily used to provide the backup power requirements of this industry. In addition, the majority of UPS systems in use in the industry are lead-acid battery systems. As a result, this industry uses a substantial volume of this type of battery. The installation of cloud services is expected to be in high demand during the forecast period. With the increasing creation of data, data handling capacity is likely to grow in the next years. As cloud services rely on lead-acid batteries, demand is expected to rise. The usable capacity of lead-acid batteries is expected to be limited. It is a regular thing to use only 30–50% of a standard lead-acid battery's rated capacity. This means that in everyday reality, a 600 Ah battery bank can only deliver 300 Ah of actual capacity. Even if one drains the batteries more than this regularly, the life of the batteries would be substantially reduced. Furthermore, these batteries lose energy and are inefficient. Built-in charging consumes as much as 15% of the energy put into them, indicating inefficiency. As a result, if 100 A of power is supplied, only 85 Ah is retained. These factors are expected to hamper the growth of lead acid battery market growth during the forecast period.

Global Lead Acid Battery Market Segment Analysis:

Based on the Type, the Lead Acid Battery Market is segmented into SLI, Stationary, and Motive. The SLI battery segment held the largest market share, accounting for 53% in 2020. As SLI batteries are developed for automobiles usage, they are always integrated with the vehicle's charging system, ensuring that the battery is charged and discharged in a continuous cycle. Usually, 12-volt batteries have been the most widely used; however, their usual voltage is close to 14-volt. The segment growth is attributed to the increasing demand for these batteries to power start motors, lighting, and ignition systems or other internal combustion engines with high performance, long life, and cost-efficiency. Lead Acid Battery MarketBased on the Construction, the Lead Acid Battery Market is segmented into Flooded, VRLA, and Others. The Flooded segment held the largest market share accounted for 59% in 2020. Flooded lead acid batteries are available in a multitude of forms and are less expensive than other battery systems. They are also considered to be a more energy-efficient and high-performance product. Flooded lead acid batteries are projected to remain the most cost-effective option for many end consumers. These factors are fuelling the lead acid battery market growth for this segment. Lead Acid Battery MarketBased on the Application, the Lead Acid Battery Market is segmented into Automotive, UPS, Telecom, Industrial, Commercial and Residential, and Others. The Automotive segment held the largest market share, accounting for 61% in 2020. As developing economies' governments support sustainable energy and ecologically friendly modes of transportation, demand for lead acid batteries in the automotive industry is rapidly growing. Subsidies are being provided to a number of automobile battery manufacturers to ensure that production capacity is sustained. After sluggish growth as a result of the recent global economic crisis, the global vehicle market has shown high efficiency in both developed and developing markets. In addition, a surge in the use of electric automobiles and e-bikes has boosted the demand for lead acid batteries. By the end of the forecast period, lead acid battery producers are expected to benefit from the widespread use of conventional automobiles in ASEAN countries, as well as a growing trend of vehicle electrification in North America and Western Europe. The Telecom segment is expected to grow at a CAGR of 6.1% during the forecast period. The segment growth is attributed to the growing telecom industry and usage of products across the globe. In India, the telecom sector is one of the most promising end-users of lead-acid batteries. The Indian telecoms business has grown significantly over the last decade, and it is now the world's second-largest telecommunications market, with 1.27 billion subscribers in 2019.

Global Lead Acid Battery Market Regional Insights:

Asia Pacific region held the largest market share accounted for 41 % in 2020. The region’s growth is attributed to rising demand from industries, such as automotive, power utility, and other sectors. China held the largest market share of East Asia Pacific region accounted for 56% in 2020. With more than 1.33 million electric and plug-in hybrid vehicles sold in 2020, China leads the region. Over the forecast period, leading car manufacturers are expected to invest in the market and expand manufacturing capacity across the country. China remains one of the best world's major markets for electric vehicles, making it an attractive segment for lead acid battery producers. In addition, the rising economic modernization and investments in the automobile and power utilities industries are expected to boost the lead acid battery demand during the forecast period. North America region is expected to witness significant growth at a CAGR of 5.81% during the forecast period. The region is a key market for the electrical and automotive industries, and demand for lead acid batteries is expected to remain high during the forecast period. Electric power markets in the United States are undergoing major structural transformation, which is anticipated to result in the deployment of large-scale battery storage capable of contributing 10,000 megawatts to the grid between 2021 and 2023—ten times the capacity in 2019. The technical improvements in the 21st century have enhanced the manufacturing capability of the region's firms. Lead acid battery sales are becoming more attractive as a result of R&D activities, the existence of numerous key players, and expanding production capacity in the region. Lead Acid Battery Market The objective of the report is to present a comprehensive analysis of the Lead Acid Battery Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Lead Acid Battery Market dynamic, structure by analyzing the market segments and projecting the Lead Acid Battery Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Lead Acid Battery Market make the report investor’s guide.

Global Lead Acid Battery Market Scope: Inquire before buying

Lead Acid Battery Market

Global Lead Acid Battery Market by Region

• North America • Europe • Asia Pacific • South America • The Middle East and Africa

Global Lead Acid Battery Market Key Players

Exide Industries Ltd. • Johnson Controls International Plc. • GS Yuasa Corporation • Amar Raja Batteries Ltd • HOPPECKE • HBL Power Systems Limited • C&D Technologies, Inc. • East Penn Manufacturing Co. • FIAMM Energy Technology • Crown Battery Manufacturing Co. • Trojan Battery Company. • Fujian Quanzhou Dahua Battery Co. Ltd. • B.B. Battery Co. Ltd. • Berhad, Hitachi Chemical Energy Technology Co. Ltd. • ATLASBX Co. Ltd. • AC Delco Corporation • First National Battery Corporation. • Leoch International Technology • Harbin Coslight Power • Rolls Battery • Chaowei Power Frequently Asked Questions: 1] What segments are covered in the Lead Acid Battery Market report? Ans. The segments covered in the Lead Acid Battery Market report are based on Type, Construction, and Application. 2] Which region is expected to hold the highest share in the Lead Acid Battery Market? Ans. The Asia Pacific region is expected to hold the highest share in the Lead Acid Battery Market. 3] What is the market size of the Lead Acid Battery Market by 2027? Ans. The market size of the Lead Acid Battery Market by 2027 is US $ 89.37 Bn. 4] What is the forecast period for the Lead Acid Battery Market? Ans. The Forecast period for the Lead Acid Battery Market is 2020-2027. 5] What was the market size of the Lead Acid Battery Market in 2020? Ans. The market size of the Lead Acid Battery Market in 2020 was US $ 59.95 Bn.
1. Global Lead Acid Battery Market Size: Research Methodology 2. Global Lead Acid Battery Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Lead Acid Battery Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Lead Acid Battery Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Lead Acid Battery Market Size Segmentation 4.1. Global Lead Acid Battery Market Size, by Type (2020-2027) • SLI • Stationary • Motive 4.2. Global Lead Acid Battery Market Size, by Construction (2020-2027) • Flooded • VRLA • Others 4.3. Global Lead Acid Battery Market Size, by Application (2020-2027) • Automotive • UPS • Telecom • Industrial • Commercial and Residential • Others 5. North America Lead Acid Battery Market (2020-2027) 5.1. Global Lead Acid Battery Market Size, by Type (2020-2027) • SLI • Stationary • Motive 5.2. Global Lead Acid Battery Market Size, by Construction(2020-2027) • Flooded • VRLA • Others 5.3. Global Lead Acid Battery Market Size, by Application (2020-2027) • Automotive • UPS • Telecom • Industrial • Commercial and Residential • Others 5.4. North America Lead Acid Battery Market , by Country (2020-2027) • United States • Canada • Mexico 6. European Lead Acid Battery Market (2020-2027) 6.1. European Lead Acid Battery Market , by Type (2020-2027) 6.2. European Lead Acid Battery Market , by Construction (2020-2027) 6.3. European Lead Acid Battery Market , by Application (2020-2027) 6.4. European Lead Acid Battery Market , by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Lead Acid Battery Market (2020-2027) 7.1. Asia Pacific Lead Acid Battery Market , by Type (2020-2027) 7.2. Asia Pacific Lead Acid Battery Market , by Construction (2020-2027) 7.3. Asia Pacific Lead Acid Battery Market , by Application (2020-2027) 7.4. Asia Pacific Lead Acid Battery Market , by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Lead Acid Battery Market (2020-2027) 8.1. The Middle East and Africa Lead Acid Battery Market , by Type (2020-2027) 8.2. The Middle East and Africa Lead Acid Battery Market , by Construction (2020-2027) 8.3. The Middle East and Africa Lead Acid Battery Market , by Application (2020-2027) 8.4. The Middle East and Africa Lead Acid Battery Market , by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Lead Acid Battery Market (2020-2027) 9.1. Latin America Lead Acid Battery Market , by Type (2020-2027) 9.2. Latin America Lead Acid Battery Market , by Construction (2020-2027) 9.3. Latin America Lead Acid Battery Market , by Application (2020-2027) 9.4. Latin America Lead Acid Battery Market , by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Exide Industries Ltd. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Johnson Controls International Plc. 10.3. GS Yuasa Corporation 10.4. Amar Raja Batteries Ltd 10.5. HOPPECKE 10.6. HBL Power Systems Limited 10.7. C&D Technologies, Inc. 10.8. East Penn Manufacturing Co. 10.9. FIAMM Energy Technology 10.10. Crown Battery Manufacturing Co. 10.11. Trojan Battery Company. 10.12. Fujian Quanzhou Dahua Battery Co. Ltd. 10.13. B.B. Battery Co. Ltd. 10.14. Berhad, Hitachi Chemical Energy Technology Co. Ltd. 10.15. ATLASBX Co. Ltd. 10.16. AC Delco Corporation 10.17. First National Battery Corporation. 10.18. Leoch International Technology 10.19. Harbin Coslight Power 10.20. Rolls Battery 10.21. Chaowei Power

About This Report

Report ID 31687
Category Energy & Power
Published Date June 2019
Updated Date Nov 2021
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