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Lead-Acid Battery Market by Product, Construction Method, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 5021822
  • Report
  • January 2020
  • Region: Global
  • 301 Pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • C&D Technologies.
  • Crown Battery
  • East Penn
  • EnerSys
  • Exide Industries
  • Hankook AltasBX
The global lead–acid battery market was valued at $39. 7 billion in 2018, and is projected to reach $59.7 billion by 2026, growing at a CAGR of 5.24% from 2019 to 2026. Lead–acid batteries are the most popular and large-capacity rechargeable batteries. They are very inexpensive on a cost-per-watt-base, which makes them cost-effective energy sources for automobiles, electrical vehicles, forklifts, marine, and uninterruptible power supply (UPS) systems, these batteries are built with numerous individual cells containing a layer of lead alloy plates. Typically lead–acid battery is composed of 35% sulphuric acid and 65% water. Apart from this, other additives are also added in the battery to provide additional strength.



Since the fact that lead–acid battery is the first commercial use battery, consumer base for these batteries is very wide across the globe. Therefore, the demand for these batteries is also high in the market. Globally, many initiatives are taken to reduce transport emissions. In addition, communication technologies have grown significantly due to technological advancements. Lead–acid batteries have emerged as a suitable source of energy in both cases to power commutation devices as well as transportation vehicles. As a result, the global lead–acid battery market is growing at a stable pace across the globe. Since the lead–acid battery is the lowest-cost energy source, factors such as growth in automotive sales, rise in demand for UPS systems, and surge in marine trade are expected to set a growth trajectory for this market. However, with change in the momentum of technology, new battery sources are emerging, where lithium-ion battery is considered to be a suitable alternative to a lead–acid battery. Therefore, demand for lead–acid batteries is expected to be hampered thereby, restraining the global market growth.

The global lead–acid battery market is segmented on the basis of product, construction method, application, and region. By the product, it is segmented into SLI, stationary, and motive. By construction, it is bifurcated into the flooded lead–acid battery and valve regulated sealed lead–acid battery (VRLA). By application, it is divided across automotive, UPS, telecom, and others. The automotive segment is further divided into passenger cars, electric bikes, and transport vehicles. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major player studied and profiled in the global lead–acid battery market are EnerSys, Exide Industries, Crown Battery, East Penn, HOPPECKE, NorthStar, Hitachi Chemical, Teledyne Technologies, Hankook AltasBX, and C&D Technologies.

KEY BENEFITS FOR STAKEHOLDERS
  • The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global lead–acid battery market from 2018 to 2026 to determine the prevailing opportunities.
  • A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
  • Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume.
  • Profiles of leading players operating in the market are provided to understand the global competitive scenario.
  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.

KEY MARKET SEGMENTS

By Product
  • SLI
  • Motive
  • Stationary

By Construction Method
  • Flooded
  • Valve Regulated Sealed Lead–acid battery (VRLA)

By Application
  • Automotive
  • Passenger Cars
  • Electric Bikes
  • Transportation Vehicle
  • UPS
  • Telecom
  • Others

By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • South Africa
  • Rest of LAMEA

KEY MARKET PLAYERS
  • EnerSys
  • Exide Industries
  • Crown Battery
  • East Penn
  • HOPPECKE
  • NorthStar
  • Hitachi Chemical
  • Teledyne Technologies
  • Hankook AltasBX
  • C&D Technologies.
Frequently Asked Questions about the Global Lead–Acid Battery Market

What is the estimated value of the Global Lead–Acid Battery Market?

The Global Lead–Acid Battery Market was estimated to be valued at $39.7 billion in 2018.

What is the growth rate of the Global Lead–Acid Battery Market?

The growth rate of the Global Lead–Acid Battery Market is 5.2%, with an estimated value of $59.7 billion by 2026.

What is the forecasted size of the Global Lead–Acid Battery Market?

The Global Lead–Acid Battery Market is estimated to be worth $59.7 billion by 2026.

Who are the key companies in the Global Lead–Acid Battery Market?

Key companies in the Global Lead–Acid Battery Market include EnerSys, Exide Industries, Crown Battery, East Penn, HOPPECKE, NorthStar, Hitachi Chemical, Teledyne Technologies and C&D Technologies..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • C&D Technologies.
  • Crown Battery
  • East Penn
  • EnerSys
  • Exide Industries
  • Hankook AltasBX

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.5. Analyst Tools And Models
Chapter 2: Executive Summary
2.1. Key Findings of The Study
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.3. Porter's Five Forces Analysis
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Lead Acid Battery As A Cost Efficient Energy Storage Solution
3.4.1.2. Recyclability Associated With Lead-Acid Batteries Over Lithium-Ion Batteries
3.4.2. Restraints
3.4.2.1. Emerging As Well As Existing Alternatives Available In The Market
3.4.3. Opportunity
3.4.3.1. Need To Expand Data Centers
3.5. Parent Peer Market Overview
3.6. Patent Analysis (2015-2018)
3.6.1. Patent Analysis By Country
3.6.2. Patent Analysis By Applicant
3.7. Impact of Government Rules And Regulations
3.7.1. Mandatory Renewable Energy Targets
Chapter 4: Lead Acid Battery Market, By Construction Method
4.1. Overview
4.1.1. Market Size And Forecast, By Region
4.2. Flooded
4.2.1. Market Size And Forecast, By Region
4.2.2. Market Share Analysis, By Country
4.3. Valve Regulated Sealed Lead Acid Battery (Vrla Battery)
4.3.1. Market Size And Forecast, By Region
4.3.2. Market Share Analysis, By Country
Chapter 5: Lead Acid Battery Market, By Product
5.1. Overview
5.1.1. Market Size And Forecast, By Region
5.2. Sli
5.2.1. Market Size And Forecast, By Region
5.2.2. Market Share Analysis, By Country
5.3. Stationary
5.3.1. Market Size And Forecast, By Region
5.3.2. Market Share Analysis, By Country
5.4. Motive
5.4.1. Market Size And Forecast, By Region
5.4.2. Market Share Analysis, By Country
Chapter 6: Lead Acid Market, By Application
6.1. Overview
6.1.1. Market Size And Forecast, By Region
6.2. Automotive
6.2.1. Market Size And Forecast, By Region
6.2.1.1. Market Size And Forecast, By Automotive Applications
6.2.2. Market Share Analysis, By Country
6.3. Upa
6.3.1. Market Size And Forecast, By Region
6.3.2. Market Share Analysis, By Country
6.4. Telecom
6.4.1. Market Size And Forecast, By Region
6.4.2. Market Share Analysis, By Country
6.5. Others
6.5.1. Market Size And Forecast, By Region
6.5.2. Market Share Analysis, By Country
Chapter 7: Lead Acid Market, By Region
7.1. Overview
7.1.1. Market Size And Forecast, By Region
7.1.2. Market Size And Forecast, By Construction Method
7.1.3. Market Size And Forecast, By Product
7.1.4. Market Size And Forecast, By Application
7.1.4.1. Market Size And Forecast, By Automotive Application
7.2. North America
7.2.1. Market Size And Forecast, By Construction Method
7.2.2. Market Size And Forecast, By Product
7.2.3. Market Size And Forecast, By Application
7.2.3.1. Market Size And Forecast, By Automotive Application
7.2.4. Market Size And Forecast By Country
7.2.5. U.S.
7.2.5.1. Market Size And Forecast, By Construction Method
7.2.5.2. Market Size And Forecast, By Product
7.2.5.3. Market Size And Forecast, By Application
7.2.5.3.1. Market Size And Forecast, By Automotive Application
7.2.6. Canada
7.2.6.1. Market Size And Forecast, By Construction Method
7.2.6.2. Market Size And Forecast, By Product
7.2.6.3. Market Size And Forecast, By Application
7.2.6.3.1. Market Size And Forecast, By Automotive Application
7.2.7. Mexico
7.2.7.1. Market Size And Forecast, By Construction Method
7.2.7.2. Market Size And Forecast, By Product
7.2.7.3. Market Size And Forecast, By Application
7.2.7.3.1. Market Size And Forecast, By Automotive Application
7.3. Europe
7.3.1. Market Size And Forecast, By Construction Method
7.3.2. Market Size And Forecast, By Product
7.3.3. Market Size And Forecast, By Application
7.3.3.1. Market Size And Forecast, By Automotive Application
7.3.4. Market Size And Forecast By Country
7.3.5. Germany
7.3.5.1. Market Size And Forecast, By Construction Method
7.3.5.2. Market Size And Forecast, By Product
7.3.5.3. Market Size And Forecast, By Application
7.3.5.3.1. Market Size And Forecast, By Automotive Application
7.3.6. France
7.3.6.1. Market Size And Forecast, By Construction Method
7.3.6.2. Market Size And Forecast, By Product
7.3.6.3. Market Size And Forecast, By Application
7.3.6.3.1. Market Size And Forecast, By Automotive Application
7.3.7. Italy
7.3.7.1. Market Size And Forecast, By Construction Method
7.3.7.2. Market Size And Forecast, By Product
7.3.7.3. Market Size And Forecast, By Application
7.3.7.3.1. Market Size And Forecast, By Automotive Application
7.3.8. Spain
7.3.8.1. Market Size And Forecast, By Construction Method
7.3.8.2. Market Size And Forecast, By Product
7.3.8.3. Market Size And Forecast, By Application
7.3.8.3.1. Market Size And Forecast, By Automotive Application
7.3.9. UK
7.3.9.1. Market Size And Forecast, By Construction Method
7.3.9.2. Market Size And Forecast, By Product
7.3.9.3. Market Size And Forecast, By Application
7.3.9.3.1. Market Size And Forecast, By Automotive Application
7.3.10. Rest of Europe
7.3.10.1. Market Size And Forecast, By Construction Method
7.3.10.2. Market Size And Forecast, By Product
7.3.10.3. Market Size And Forecast, By Application
7.3.10.3.1. Market Size And Forecast, By Automotive Application
7.4. Asia-Pacific
7.4.1. Market Size And Forecast, By Construction Method
7.4.2. Market Size And Forecast, By Product
7.4.3. Market Size And Forecast, By Application
7.4.3.1. Market Size And Forecast, By Automotive Application
7.4.4. Market Size And Forecast By Country
7.4.5. China
7.4.5.1. Market Size And Forecast, By Construction Method
7.4.5.2. Market Size And Forecast, By Product
7.4.5.3. Market Size And Forecast, By Application
7.4.5.3.1. Market Size And Forecast, By Automotive Application
7.4.6. Japan
7.4.6.1. Market Size And Forecast, By Construction Method
7.4.6.2. Market Size And Forecast, By Product
7.4.6.3. Market Size And Forecast, By Application
7.4.6.3.1. Market Size And Forecast, By Automotive Application
7.4.7. India
7.4.7.1. Market Size And Forecast, By Construction Method
7.4.7.2. Market Size And Forecast, By Product
7.4.7.3. Market Size And Forecast, By Application
7.4.7.3.1. Market Size And Forecast, By Automotive Application
7.4.8. South Korea
7.4.8.1. Market Size And Forecast, By Construction Method
7.4.8.2. Market Size And Forecast, By Product
7.4.8.3. Market Size And Forecast, By Application
7.4.8.3.1. Market Size And Forecast, By Automotive Application
7.4.9. Australia
7.4.9.1. Market Size And Forecast, By Construction Method
7.4.9.2. Market Size And Forecast, By Product
7.4.9.3. Market Size And Forecast, By Application
7.4.9.3.1. Market Size And Forecast, By Automotive Application
7.4.10. Rest of Asia-Pacific
7.4.10.1. Market Size And Forecast, By Construction Method
7.4.10.2. Market Size And Forecast, By Product
7.4.10.3. Market Size And Forecast, By Application
7.4.10.3.1. Market Size And Forecast, By Automotive Application
7.5. LAMEA
7.5.1. Market Size And Forecast, By Construction Method
7.5.2. Market Size And Forecast, By Product
7.5.3. Market Size And Forecast, By Application
7.5.3.1. Market Size And Forecast, By Automotive Application
7.5.4. Market Size And Forecast By Country
7.5.5. Brazil
7.5.5.1. Market Size And Forecast, By Construction Method
7.5.5.2. Market Size And Forecast, By Product
7.5.5.3. Market Size And Forecast, By Application
7.5.5.3.1. Market Size And Forecast, By Automotive Application
7.5.6. Saudi Arabia
7.5.6.1. Market Size And Forecast, By Construction Method
7.5.6.2. Market Size And Forecast, By Product
7.5.6.3. Market Size And Forecast, By Application
7.5.6.3.1. Market Size And Forecast, By Automotive Application
7.5.7. UAE
7.5.7.1. Market Size And Forecast, By Construction Method
7.5.7.2. Market Size And Forecast, By Product
7.5.7.3. Market Size And Forecast, By Application
7.5.7.3.1. Market Size And Forecast, By Automotive Application
7.5.8. South Africa
7.5.8.1. Market Size And Forecast, By Construction Method
7.5.8.2. Market Size And Forecast, By Product
7.5.8.3. Market Size And Forecast, By Application
7.5.8.3.1. Market Size And Forecast, By Automotive Application
7.5.9. Rest of LAMEA
7.5.9.1. Market Size And Forecast, By Construction Method
7.5.9.2. Market Size And Forecast, By Product
7.5.9.3. Market Size And Forecast, By Application
7.5.9.3.1. Market Size And Forecast, By Automotive Application
Chapter 8: Competitive Landscape
8.1. Introduction
8.1.1. Market Player Positioning, 2018
8.2. Top Winning Strategies
8.2.1. Top Winning Strategies, By Year
8.2.2. Top Winning Strategies, By Development
8.2.3. Top Winning Strategies, By Company
8.3. Product Mapping of Top 10 Player
8.4. Competitive Heatmap
8.5. Key Developments
8.5.1. New Product Launches
8.5.2. Expansions
8.5.3. Acquisition
8.5.4. Agreement
8.5.5. Joint Ventures
Chapter 9: Company Profiles:
9.1. Accumulatorenwerke Hoppecke Carl Zoellner & Sohn Gmbh
9.1.1. Company Overview
9.1.2. Company Snapshot
9.1.3. Product Portfolio
9.1.4. Key Strategic Moves And Developments
9.2. C&D Technologies Inc.
9.2.1. Company Overview
9.2.2. Company Snapshot
9.2.3. Product Portfolio
9.3. East Penn Manufacturing Company
9.3.1. Company Overview
9.3.2. Company Snapshot
9.3.3. Product Portfolio
9.3.4. Key Strategic Moves And Developments
9.4. Enersys
9.4.1. Company Overview
9.4.2. Company Snapshot
9.4.3. Operating Business Segments
9.4.4. Product Portfolio
9.4.5. Business Performance
9.5. Exide Industries Limited
9.5.1. Company Overview
9.5.2. Company Snapshot
9.5.3. Product Portfolio
9.5.4. Business Performance
9.5.5. Key Strategic Moves And Developments
9.6. Gs Yuasa Corporation
9.6.1. Company Overview
9.6.2. Company Snapshot
9.6.3. Operating Business Segments
9.6.4. Product Portfolio
9.6.5. Business Performance
9.6.6. Key Strategic Moves And Developments
9.7. Hankook Atlasbx Co. Ltd.
9.7.1. Company Overview
9.7.2. Company Snapshot
9.7.3. Product Portfolio
9.7.4. Business Performance
9.7.5. Key Strategic Moves And Developments
9.8. Hbl Power Systems Ltd.
9.8.1. Company Overview
9.8.2. Company Snapshot
9.8.3. Product Portfolio
9.8.4. Operating Business Segments
9.8.5. Business Performance
9.9. Hitachi Chemical Co. Ltd.
9.9.1. Company Overview
9.9.2. Company Snapshot
9.9.3. Operating Business Segments
9.9.4. Product Portfolio
9.9.5. Business Performance
9.9.6. Key Strategic Moves And Developments
9.10. Teledyne Technologies Inc.
9.10.1. Company Overview
9.10.2. Company Snapshot
9.10.3. Operating Business Segments
9.10.4. Product Portfolio
9.10.5. Business Performance
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • C&D Technologies.
  • Crown Battery
  • East Penn
  • EnerSys
  • Exide Industries
  • Hankook AltasBX
According to the report titled, 'Lead-Acid Battery Market by Product, Construction Method, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global lead-acid battery market size was valued at $39.7 billion in 2018, and is projected to reach $59.7 billion by 2026, growing at a CAGR of 5.24% from 2019 to 2026.

Lead is the key component in lead-acid batteries, which is soft in nature, therefore, a couple of other additives such as antimony, tin, calcium, and selenium are added to it. These additives are added to get extra mechanical strength and electrical properties. Although lead is hazardous in nature, it is recycled that further prevents environmental damage. This is the reason why lead-acid batteries are capable of meeting sustainable norms.

The global lead-acid battery market is already a matured sector, in terms of growth, which is expected to grow at a single-digit growth of 5.2% during the forecast period. The global lead-acid battery market growth of this market is mainly driven by lead-acid battery as a low-cost energy source and its recyclable nature. It has more than a 90% recycling rate, which means a very little amount of lead goes into waste thereby, causing least impact on environment. This further increases the popularity of lead-acid battery, thereby fueling its demand. The global battery sector is in the middle of technology revolution and governments from various geographies are looking forward to accelerating their move toward low carbon energy sources.

As a result, renewable energy generation activities are growing significantly, and governments are also setting mandatory renewable energy targets by aiming electrification as well as decarbonization. Lead-acid battery technology is one of the technologies that has the performance capability to meet these energy targets. Therefore, lead-acid batteries are expected to support governmental approaches during the forecast period. However, rise in popularity as well as the demand for lithium-ion battery limits the growth of the global lead-acid battery market. Expansion of data centers and resulting demand for heavy weight lead-acid batteries is the key global lead-acid battery market trend observed in the recent years.

By construction method, the flooded battery segment accounted for the largest market share in 2018. The adoption of flooded batteries is high in diesel-electric submarines, nuclear submarines, and in the automotive industry due to which there is a great demand for flooded batteries in the market. In addition, forklift trucks also use such batteries in material handling applications due to their low-cost.

By application, the automotive segment accounted for the largest global lead-acid battery market share in 2018. Lead-acid battery is used for SLI applications in the automotive industry due to its high current surge. As per the Battery, Recycling, and Manufacturing Associations, more than 250 million units of lead-acid batteries were sold in the automotive industry in 2017 due to flourishing growth in vehicle sales.

The major player studied and profiled in the global lead-acid battery market are EnerSys, Exide Industries, Crown Battery, East Penn, HOPPECKE, NorthStar, Hitachi Chemical, Exide Technologies, Teledyne Technologies, Hankook AltasBX, and C&D Technologies.

Key Findings of the Study
The global lead-acid battery industry sees a profitable growth opportunities for the next 10 years due to its existing consumer base across the globe
By product, SLI batteries emerged as the global leader by acquiring 50% of the total market share in 2018, and is anticipated to be the largest market during the forecast period due to its application in the automotive industry
By construction method, the flooded lead-acid battery segment accounted for around 85% of the total market share in response to the greater benefits associated with it over VRLA battery types
By application, the automotive segment accounted for around 60% of the total market share in 2018. Consumers in passenger cars prefer low-cost energy sources for SLI applications due to which adoption of cost-effective lead-acid batteries is high in the automotive industry.
Although the market is dominated by lead-acid batteries, lithium-ion batteries have emerged as a strong alternative and is likely to take over the overall market in the next 10 to 12 years
Increasing mandatory renewable energy generation targets across the globe as a part of government legislative approach is expected to offer healthy growth opportunities during the forecast period
Note: Product cover images may vary from those shown
  • EnerSys
  • Exide Industries
  • Crown Battery
  • East Penn
  • HOPPECKE
  • NorthStar
  • Hitachi Chemical
  • Teledyne Technologies
  • Hankook AltasBX
  • C&D Technologies.
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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