Report Description

Global Lead Acid Battery Market is expected to grow at a robust pace in the forecast period 2024-2028.  

The development of the transportation industry with increasing applications of energy storage is expected to boost the demand of the industry in the near future. Rapid growth in the commercial vehicle, motorcycle, and passenger vehicle industries is also expected to boost product demand. Rising demand for UPS in various sectors such as banking, oil and gas, healthcare, and chemicals is driving demand. The demand for lead acid batteries in the transportation industry is growing at a rapid pace, as emerging economies support clean energy and environment friendly transport modes. Many automotive battery OEMs are getting subsidies to enforce production capacity. The reliability and low cost of lead-acid batteries make them suitable for many consumer and industrial applications. The treatment and recycling of lead-acid batteries is a large percentage compared to lithium-ion. Increased use of electrical devices such as mobile phones, power banks, electronics, advanced ship propulsion technology, and increased consumption of elevators around the world have increased the demand for energy storage systems powered by lead-acid batteries.

Rising demand propelling the Global Lead Acid Battery Market growth during the forecast period

Lead-acid battery systems are used in UPS. These lead-acid batteries meet the backup power needs of various industries. This is very important for data centers in the event of power outages or inconsistencies. Equinix, a data center company headquartered in the United States, has announced his 15th International Business Exchange (IBX) data center in Tokyo, Japan. The company made an initial investment of USD115 million in the new data center. Rise in data center installations is expected to drive the advanced lead-acid battery market in the future.

Rising economic structures in countries have increased the demand for automobiles, which in turn boost production levels and increased demand for batteries, including lead-acid batteries. In addition, on-demand mobility, the introduction of ultra-batteries into the energy storage segment, and the development of advanced energy storage modules for the automotive industry are key factors driving vehicle production and lead-acid battery consumption.

Lead-acid batteries are widely used in automotive applications such as forklifts, golf carts, and industrial cleaners. High usage of lead-acid batteries in forklifts is likely to drive the market due to low cost, reliability and established supply chain. Lead-acid batteries are widely used in automobiles as they provide high power to start the engine. The excellent safety, quality and recycling process of these batteries are expected to further expand the market during the forecast period.


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Latest Market Trends fueling the Global Lead Acid Battery Market growth during the forecast period

In 2022, USA's BAE Systems lead-acid stationary energy storage system will be certified to ANSI/CAN/UL 1973 3rd Edition. UL Solutions, a US testing, inspection and certification company in 2022, Amara Raja Batteries Ltd (ARBL) has announced plans to expand its lead-acid business outside India with various options for geographic expansion. As part of the expansion, the company is primarily focused on expanding its lead-acid business in Africa, the Middle East, and Southeast Asia.

In 2022, Amara Raja Batteries Ltd (ARBL) has announced plans to expand its lead-acid business outside India with various options for geographic expansion. As part of the expansion, the company is primarily focused on expanding its lead-acid business in Africa, the Middle East, and Southeast Asia.

Market Segmentation

The Global Lead Acid Battery Market is segmented based on product, construction method, sales channel, and  applications. Based on Product, the market is bifurcated into Stationary, Motive, and Start Light & Ignition Batteries (SLI). Based on Construction Method, the market is bifurcated into Flooded and Valve Regulated Led Acid (VRLA) Batteries. Based on Sales Channel, the market is further bifurcated into Original Equipment Market (OEM) and Aftermarket. Based on Applications, the market is bifurcated into Transportation, Industrial Motive, Stationary Industrial, Residential, and Commercial.

Market players

The main market players in the Global Lead Acid Battery Market are Exide Industries Ltd., Panasonic Corporation, Leoch International Technology Limited, Enersys Ltd, East Penn Manufacturing Co., GS Yuasa Corporation, C&D Technologies, Inc., Johnson Controls International PLC, Hitachi Chemical Company, Ltd., HBL Power Systems Ltd.

Attribute

Details

Base Year

2022

Historic Data

2018– 2020

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments Covered

Product

Construction Method

Sales Channel

Applications

Regional scope

North America; Asia-Pacific; Europe; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China; Indian; Japan; South Korea; Australia; Germany; United Kingdom; France; Italy; Spain; Brazil; Argentina; Colombia; Saudi Arabia; South Africa; UAE

Key companies profiled

Exide Industries Ltd., Panasonic Corporation, Leoch International Technology Limited, Enersys Ltd, East Penn Manufacturing Co., GS Yuasa Corporation, C&D Technologies, Inc., Johnson Controls International PLC, Hitachi Chemical Company, Ltd., HBL Power Systems Ltd.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Global Lead Acid Battery Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Lead Acid Battery Market, By Product:

o   Stationary

o   Motive

o   Start Light & Ignition Batteries (SLI)

Lead Acid Battery Market, By Construction Method:

o   Flooded Batteries

o   Valve Regulated Led Acid (VRLA) Batteries

Lead Acid Battery Market, By Sales Channel:

o   Original Equipment Market (OEM)

o   Aftermarket

Lead Acid Battery Market, By Sales Channel:

o   Transportation

o   Industrial Motive

o   Stationary Industrial

o   Residential

o   Commercial

Lead Acid Battery Market, By Region:

o   North America

  • United States
  • Canada
  • Mexico

o   Asia-Pacific

  • India
  • Japan
  • South Korea
  • Australia
  • China

o   Europe

  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain

o   South America

  • Brazil
  • Argentina
  • Colombia

o   Middle East

  • Saudi Arabia
  • South Africa
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Lead Acid Battery Market.

Available Customizations:

Global Lead Acid Battery Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to ten).

The Global Lead Acid Battery Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 Global Lead Acid Battery Market

4.    Executive Summary

5.    Voice of Customers

6.    Global Lead Acid Battery Market

6.1.  Market Size & Forecast

6.1.1.            By Value

6.2.  Market Share & Forecast

6.2.1.            By Product (Stationary, Motive, Start Light & Ignition Batteries (SLI))

6.2.2.            By Construction Method (Flooded & Valve Regulated Led Acid (VRLA) Batteries)

6.2.3.            By Sales Channel (Original Equipment Market (OEM) & Aftermarket)

6.2.4.            By Applications (Transportation, Industrial Motive, Stationary Industrial, Residential, Commercial)

6.2.5.            By Region

6.2.6.            By Company

6.3.  Market Map

7.    North America Lead Acid Battery Market Outlook

7.1.  Market Size & Forecast

7.1.1.            By Value

7.2.  Market Share & Forecast

7.2.1.            By Product

7.2.2.            By Construction Method

7.2.3.            By Sales Channel

7.2.4.            By Applications

7.2.5.            By Country

7.3.  North America: Country Analysis

7.3.1.              United States Lead Acid Battery Market Outlook

7.3.1.1.  Market Size & Forecast

7.3.1.1.1.                By Value 

7.3.1.2.  Market Share & Forecast

7.3.1.2.1.                By Product

7.3.1.2.2.                By Construction Method

7.3.1.2.3.                By Sales Channel

7.3.1.2.4.                By Applications

7.3.2.              Canada Lead Acid Battery Market Outlook

7.3.2.1.  Market Size & Forecast

7.3.2.1.1.                By Value 

7.3.2.2.  Market Share & Forecast

7.3.2.2.1.                By Product

7.3.2.2.2.                By Construction Method

7.3.2.2.3.                By Sales Channel

7.3.2.2.4.                By Applications

7.3.3.              Mexico Lead Acid Battery Market Outlook

7.3.3.1.  Market Size & Forecast

7.3.3.1.1.                By Value 

7.3.3.2.  Market Share & Forecast

7.3.3.2.1.                By Product

7.3.3.2.2.                By Construction Method

7.3.3.2.3.                By Sales Channel

7.3.3.2.4.                By Applications

8.    Asia-Pacific Lead Acid Battery Market Outlook

8.1.  Market Size & Forecast

8.1.1.            By Value

8.2.  Market Share & Forecast

8.2.1.            By Product

8.2.2.            By Construction Method

8.2.3.            By Sales Channel

8.2.4.            By Applications

8.2.5.            By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.              China Lead Acid Battery Market Outlook

8.3.1.1.  Market Size & Forecast

8.3.1.1.1.                By Value 

8.3.1.2.  Market Share & Forecast

8.3.1.2.1.                By Product

8.3.1.2.2.                By Construction Method

8.3.1.2.3.                By Sales Channel

8.3.1.2.4.                By Applications

8.3.2.              India Lead Acid Battery Market Outlook

8.3.2.1.  Market Size & Forecast

8.3.2.1.1.                By Value 

8.3.2.2.  Market Share & Forecast

8.3.2.2.1.                By Product

8.3.2.2.2.                By Construction Method

8.3.2.2.3.                By Sales Channel

8.3.2.2.4.                By Applications

8.3.3.              Japan Lead Acid Battery Market Outlook

8.3.3.1.  Market Size & Forecast

8.3.3.1.1.                By Value 

8.3.3.2.  Market Share & Forecast

8.3.3.2.1.                By Product

8.3.3.2.2.                By Construction Method

8.3.3.2.3.                By Sales Channel

8.3.3.2.4.                By Applications

8.3.4.              South Korea Lead Acid Battery Market Outlook

8.3.4.1.  Market Size & Forecast

8.3.4.1.1.                By Value 

8.3.4.2.  Market Share & Forecast

8.3.4.2.1.                By Product

8.3.4.2.2.                By Construction Method

8.3.4.2.3.                By Sales Channel

8.3.4.2.4.                By Applications

8.3.5.              Australia Lead Acid Battery Market Outlook

8.3.5.1.  Market Size & Forecast

8.3.5.1.1.                By Value 

8.3.5.2.  Market Share & Forecast

8.3.5.2.1.                By Product

8.3.5.2.2.                By Construction Method

8.3.5.2.3.                By Sales Channel

8.3.5.2.4.                By Applications

9.    Europe Lead Acid Battery Market Outlook

9.1.  Market Size & Forecast

9.1.1.            By Value

9.2.  Market Share & Forecast

9.2.1.            By Value

9.3.  Market Share & Forecast

9.3.1.            By Product

9.3.2.            By Construction Method

9.3.3.            By Sales Channel

9.3.4.            By Applications

9.3.5.            By Country

9.4.  Europe: Country Analysis

9.4.1.            Germany Lead Acid Battery Market Outlook

9.4.1.1.  Market Size & Forecast

9.4.1.1.1.                By Value 

9.4.1.2.  Market Share & Forecast

9.4.1.2.1.                By Product

9.4.1.2.2.                By Construction Method

9.4.1.2.3.                By Sales Channel

9.4.1.2.4.                By Applications

9.4.2.              United Kingdom Lead Acid Battery Market Outlook

9.4.2.1.  Market Size & Forecast

9.4.2.1.1.                By Value 

9.4.2.2.  Market Share & Forecast

9.4.2.2.1.                By Product

9.4.2.2.2.                By Construction Method

9.4.2.2.3.                By Sales Channel

9.4.2.2.4.                By Applications

9.4.3.              France Lead Acid Battery Market Outlook

9.4.3.1.  Market Size & Forecast

9.4.3.1.1.                By Value 

9.4.3.2.  Market Share & Forecast

9.4.3.2.1.                By Product

9.4.3.2.2.                By Construction Method

9.4.3.2.3.                By Sales Channel

9.4.3.2.4.                By Applications

9.4.4.              Spain Lead Acid Battery Market Outlook

9.4.4.1.  Market Size & Forecast

9.4.4.1.1.                By Value 

9.4.4.2.  Market Share & Forecast

9.4.4.2.1.                By Product

9.4.4.2.2.                By Construction Method

9.4.4.2.3.                By Sales Channel

9.4.4.2.4.                By Applications

9.4.5.              Italy Lead Acid Battery Market Outlook

9.4.5.1.  Market Share & Forecast

9.4.5.1.1.                By Value 

9.4.5.2.  Market Share & Forecast

9.4.5.2.1.                By Product

9.4.5.2.2.                By Construction Method

9.4.5.2.3.                By Sales Channel

9.4.5.2.4.                By Applications

10. South America Lead Acid Battery Market Outlook

10.1.   Market Size & Forecast

10.1.1.          By Value

10.2.   Market Share & Forecast

10.2.1.          By Product

10.2.2.          By Construction Method

10.2.3.          By Sales Channel

10.2.4.          By Applications

10.2.5.          By Country

10.3.   South America: Country Analysis

10.3.1.          Brazil Lead Acid Battery Market Outlook

10.3.1.1.               Market Size & Forecast

10.3.1.1.1.             By Value 

10.3.1.2.               Market Share & Forecast

10.3.1.2.1.             By Product

10.3.1.2.2.             By Construction Method

10.3.1.2.3.             By Sales Channel

10.3.1.2.4.             By Applications

10.3.2.          Argentina Lead Acid Battery Market Outlook

10.3.2.1.               Market Size & Forecast

10.3.2.1.1.             By Value 

10.3.2.2.               Market Share & Forecast

10.3.2.2.1.             By Product

10.3.2.2.2.             By Construction Method

10.3.2.2.3.             By Sales Channel

10.3.2.2.4.             By Applications

10.3.3.          Colombia Lead Acid Battery Market Outlook

10.3.3.1.               Market Size & Forecast

10.3.3.1.1.             By Value 

10.3.3.2.               Market Share & Forecast

10.3.3.2.1.             By Product

10.3.3.2.2.             By Construction Method

10.3.3.2.3.             By Sales Channel

10.3.3.2.4.             By Applications

11. Middle East & Africa Lead Acid Battery Market Outlook

11.1.   Market Size & Forecast

11.1.1.          By Value

11.2.   Market Share & Forecast

11.2.1.          By Product

11.2.2.          By Construction Method

11.2.3.          By Sales Channel

11.2.4.          By Applications

11.2.5.          By Country

11.3.   Middle East & Africa: Country Analysis

11.3.1.          Saudi Arabia Lead Acid Battery Market Outlook

11.3.1.1.               Market Size & Forecast

11.3.1.1.1.             By Value 

11.3.1.2.               Market Share & Forecast

11.3.1.2.1.             By Product

11.3.1.2.2.             By Construction Method

11.3.1.2.3.             By Sales Channel

11.3.1.2.4.             By Applications

11.3.2.          South Africa Lead Acid Battery Market Outlook

11.3.2.1.               Market Size & Forecast

11.3.2.1.1.             By Value 

11.3.2.2.               Market Share & Forecast

11.3.2.2.1.             By Product

11.3.2.2.2.             By Construction Method

11.3.2.2.3.             By Sales Channel

11.3.2.2.4.             By Applications

11.3.3.          UAE Lead Acid Battery Market Outlook

11.3.3.1.               Market Size & Forecast

11.3.3.1.1.             By Value 

11.3.3.2.               Market Share & Forecast

11.3.3.2.1.             By Product

11.3.3.2.2.             By Construction Method

11.3.3.2.3.             By Sales Channel

11.3.3.2.4.             By Applications

12. Market Dynamics

12.1.   Drivers

12.1.1.      Increasing demand for renewable energy  

12.1.2.      Increasing demand

12.1.3.      Growth from automobile sector

12.2.   Challenges

12.2.1.      Competition from Lithium-ion batteries

13. Market Trends & Developments

13.1.   Certification of USA's BAE Systems

13.2.   Amara Raja Batteries (ARBL) expansion plans

14. Company Profiles

14.1.   Exide Industries Ltd.  

14.1.1.      Business Overview

14.1.2.      Key Revenue and Financials

14.1.3.      Recent Developments

14.1.4.      Key Personnel

14.1.5.      Key Product/Services

14.1.6.      SWOT Analysis

14.2.   Panasonic Corporation  

14.2.1.      Business Overview

14.2.2.      Key Revenue and Financials

14.2.3.      Recent Developments

14.2.4.      Key Personnel

14.2.5.      Key Product/Services

14.2.6.      SWOT Analysis

14.3.   Leoch International Technology Limited

14.3.1.      Business Overview

14.3.2.      Key Revenue and Financials

14.3.3.      Recent Developments

14.3.4.      Key Personnel

14.3.5.      Key Product/Services

14.3.6.      SWOT Analysis

14.4.   Enersys Ltd  

14.4.1.      Business Overview

14.4.2.      Key Revenue and Financials

14.4.3.      Recent Developments

14.4.4.      Key Personnel

14.4.5.      Key Product/Services

14.4.6.      SWOT Analysis

14.5.   East Penn Manufacturing Co.

14.5.1.      Business Overview

14.5.2.      Key Revenue and Financials

14.5.3.      Recent Developments

14.5.4.      Key Personnel

14.5.5.      Key Product/Services

14.5.6.      SWOT Analysis

14.6.   GS Yuasa Corporation

14.6.1.      Business Overview

14.6.2.      Key Revenue and Financials

14.6.3.      Recent Developments

14.6.4.      Key Personnel

14.6.5.      Key Product/Services

14.6.6.      SWOT Analysis

14.7.   C&D Technologies, Inc.

14.7.1.      Business Overview

14.7.2.      Key Revenue and Financials

14.7.3.      Recent Developments

14.7.4.      Key Personnel

14.7.5.      Key Product/Services

14.7.6.      SWOT Analysis

14.8.   Johnson Controls International PLC

14.8.1.      Business Overview

14.8.2.      Key Revenue and Financials

14.8.3.      Recent Developments

14.8.4.      Key Personnel

14.8.5.      Key Product/Services

14.8.6.      SWOT Analysis

14.9.   Hitachi Chemical Company, Ltd.

14.9.1.      Business Overview

14.9.2.      Key Revenue and Financials

14.9.3.      Recent Developments

14.9.4.      Key Personnel

14.9.5.      Key Product/Services

14.9.6.      SWOT Analysis

14.10.HBL Power Systems Ltd.

14.10.1.   Business Overview

14.10.2.   Key Revenue and Financials

14.10.3.   Recent Developments

14.10.4.   Key Personnel

14.10.5.   Key Product/Services

14.10.6.   SWOT Analysis

15. Strategic Recommendations

15.1.   Key focus on Start Light & Ignition Batteries (SLI) segment

15.2.   Major focus on APAC region

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Lead acid batteries are inexpensive and easy to manufacture. When used appropriately, lead-acid provides durable and dependable service.

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Rise in data centres and vehicles is expected to drive the Global Lead-Acid Battery Market.

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Major market players are Exide Industries Ltd., Panasonic Corporation, Leoch International Technology Limited, Enersys Ltd, East Penn Manufacturing Co., GS Yuasa Corporation, C&D Technologies, Inc., Johnson Controls International PLC, Hitachi Chemical Company, Ltd., HBL Power Systems Ltd.

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Sealed lead-acid batteries can last from 3-5 years to 12 years or more, depending on the battery manufacturing process.

profile

Parvati Sharma

Account Manager BD
Press Release

Lead Acid Battery Market is expected to be dominated by Start Light & Ignition Batteries (SLI) segment during the forecast period.

Mar, 2023

Growing demand in commercial & automotive sector along with interrupted power supply are the major factors driving the Global Lead Acid Battery Market in the forecast period 2024-2028.