Lead Acid Battery Market – Global Industry Analysis And Forecast (2021 to 2029)

Lead Acid Battery Market was valued at US$ 61.45 Bn. in 2021. Lead Acid Battery Market size is estimated to grow at a CAGR of 4.51% over the forecast period.

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 The report explores the Lead Acid Battery market's segments (Type, Construction, Application, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Lead Acid Battery market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Lead Acid Battery market's contemporary competitive scenario. 2021 is considered as a base year to forecast the market from 2022 to 2029. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2029. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.

Lead Acid Battery Market Dynamics:

In the area of motive power, advancements in energy storage go hand in hand with creative machinery design, which boosts production while reducing industry's costs to workers and the environment. Batteries have improved in safety and environmental friendliness as a result of a number of chemistry and design advances. 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

Lead Acid Battery Market Segment Analysis:

Based on Type, the Lead Acid Battery Market is segmented into SLI, Stationary, and Motive. The SLI battery segment held the largest market share, accounting for 55% in 2021. 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 Market Based 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. Based 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 60% in 2021. 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. The global vehicle market has shown high efficiency in both developed and developing markets after sluggish growth as a result of the recent global economic crisis. 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, and a growing trend of vehicle electrification in North America and Western Europe.

Lead Acid Battery Market Regional Insights:

Asia Pacific region held the largest market share accounted for 45 % in 2021. 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. The main usages of the batteries are in motorized vehicles, for storage of energy generated by photovoltaic cells and wind turbines, and for back-up power supplies (for both the consumer market and for critical systems such as telecommunications and hospitals). The 85% of the total global consumption of lead is used for the production of lead-acid batteries. It represents a fast-growing market, especially in Asia. In the developing countries across the Asia Pacific where power supplies are unreliable, lead-acid batteries are used domestically for lighting and electrical appliances. The growth in the use of renewable energy sources and the concomitant requirement for storage batteries, and the increasing demand for motor vehicles are expected to boost the market growth for lead acid battery market. Indian Lead Acid Battery Market Scenario: The market growth in expected to grow by the factors because of a number of Governmental and consumer side pull, the market for lead acid batteries in those two applications. In current market scenario, Inverter and UPS applications are taking more than of 60% share of the stationary and motive battery market. An Increase of automation in Indian C&I segment is expected to boost the market growth in India. The objective of the report is to present a comprehensive analysis of the global 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, and structure by analyzing the market segments and projecting the Lead Acid Battery Market size. Clear representation of competitive analysis of key players by Design, price, financial position, Type portfolio, growth strategies, and regional presence in the Lead Acid Battery Market make the report investor’s guide.

Lead Acid Battery Market Scope: Inquire before buying

Global Lead Acid Battery Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US$ 61.45 Bn.
Forecast Period 2022 to 2029 CAGR: 4.51 % Market Size in 2029: US$ 87.45 Bn.
Segments Covered: by Type • SLI • Stationary • Motive
by Construction • Flooded • VRLA • Others
by Application • Automotive • UPS • Telecom • Industrial • Commercial and Residential • Others

Lead Acid Battery Market by Region:

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

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 is the study period of the market? Ans. The Global Lead Acid Battery Market is studied from 2017-2029. 2. What is the growth rate of Lead Acid Battery Market? Ans. The Global Lead Acid Battery Market is growing at a CAGR of 4.51 % over forecast period. 3. Which region has largest share in The Global Lead Acid Battery Market? Ans. Asia pacific region holds the largest share. 4. What is the Global Lead Acid Battery Market segment based on Application? Ans. Based on Application, The Global Lead Acid Battery Market is divided into Type, construction and application. 5. Who are the key players in the Global Lead Acid Battery Market? Ans. The key players in the Global Lead Acid Battery Market are Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Merck KGaA , Agilent Technologies, Inc., Bruker Corporation, Danaher Corporation, GE Healthcare, Luminex Corporation, PerkinElmer Inc., Waters Corporation, Illumina, Inc., Eurofins Scientific, QIAGEN Bioinformatics, Creative Lead Acid Battery, Promega Corporation, Sengenics, Biomax Informatics AG, MS Bioworks LLC, WuXi NextCODE, Fios Genomics Ltd.
1. Global Lead Acid Battery Size: Research Methodology 2. Global Lead Acid Battery Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Lead Acid Battery 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 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 Size Segmentation 4.1. Global Lead Acid Battery Size, by Type (2021-2029) • SLI • Stationary • Motive 4.2. Global Lead Acid Battery Size, by Construction (2021-2029) • Flooded • VRLA • Others 4.3. Global Lead Acid Battery Size, by Application (2021-2029) • Automotive • UPS • Telecom • Industrial • Commercial and Residential • Others 5. North America Lead Acid Battery (2021-2029) 5.1. North America Lead Acid Battery Size, by Type (2021-2029) • SLI • Stationary • Motive 5.2. North America Lead Acid Battery Size, by Construction (2021-2029) • Flooded • VRLA • Others 5.3. North America Lead Acid Battery Size, by Application (2021-2029) • Automotive • UPS • Telecom • Industrial • Commercial and Residential • Others 5.4. North America Lead Acid Battery, by Country (2021-2029) • United States • Canada • Mexico 6. European Lead Acid Battery (2021-2029) 6.1. European Lead Acid Battery, by Technology (2021-2029) 6.2. European Lead Acid Battery, by Construction (2021-2029) 6.3. European Lead Acid Battery, by Application (2021-2029) 6.4. European Lead Acid Battery, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Lead Acid Battery (2021-2029) 7.1. Asia Pacific Lead Acid Battery, by Technology (2021-2029) 7.2. Asia Pacific Lead Acid Battery, by Construction (2021-2029) 7.3. Asia Pacific Lead Acid Battery, by Application (2021-2029) 7.4. Asia Pacific Lead Acid Battery, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Lead Acid Battery (2021-2029) 8.1. The Middle East and Africa Lead Acid Battery, by Technology (2021-2029) 8.2. The Middle East and Africa Lead Acid Battery, by Construction (2021-2029) 8.3. The Middle East and Africa Lead Acid Battery, by Application (2021-2029) 8.4. The Middle East and Africa Lead Acid Battery, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Lead Acid Battery (2021-2029) 9.1. Latin America Lead Acid Battery, by Technology (2021-2029) 9.2. Latin America Lead Acid Battery, by Construction (2021-2029) 9.3. Latin America Lead Acid Battery, by Application (2021-2029) 9.4. Latin America Lead Acid Battery, by Country (2021-2029) • 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 July 2022
Updated Date
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