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FEATURED COMPANIES
- Enersys Ltd.
- Exide Technologies Inc
- GS Yuasa Corporation
- Panasonic Corporation
Free Webex Call
Speak directly to the analyst to clarify any post sales queries you may have.
10% Free customizationThis report comes with 10% free customization, enabling you to add data that meets your specific business needs.
The Global Lead Acid Battery Market is projected to grow from USD49.93 billion in 2020 to around USD76.85 billion by 2026, with a CAGR of 7.04%, owing to the growth of industrial, transportation & commercial sectors. Moreover, the ever-increasing growth in sectors like banking, oil & gas, health care & chemicals and their growing digitalization has created an enormous demand for UPS in the workforce, also the after sales service’s huge demand, etc., are expected to augment the Global Lead Acid Battery Market in future.
In 2020 due to COVID-19 pandemic, the market was hit temporarily due to longer lock down periods, the stored stock almost perished due to unuse. Also, the main manufacturers of it being from China and its dominance over the market, the business was stopped due to pandemic, and also supply and procurement were totally affected. But, as the pandemic will fade gradually, the market will see an upward trend, over the next 6 years.
In terms of product, the market can be bifurcated into stationary, motive and start light ignition (SLI), out of which SLI batteries dominated the market in 2020 and is expected to maintain its market dominance during the forecast period, backed by the wide usage in multiple applications like renewables, automotive, etc. By construction method, it is segmented into flooded & valve regulated lead acid (VRLA) of which VRLA occupies the major market due to its more efficient construction and user-friendly functionality. By sales channel it is categorized into Original Equipment Market (OEM) & aftermarket, of which aftermarket occupies the majority market due to high demand of after sales service. Finally, by application it is divided into transportation, industrial motive, stationary industrial, residential, commercial & grid storage out of which stationary industrial occupies the major market due to its varied applications of power back up, emergency lighting, railway backup systems, security systems, renewable energy systems, etc.
Asia-Pacific is the largest contributor with 43.71% value share in 2020 in the Global Lead Acid Battery Market. China is the largest contributing country in the region with 43.25% share in 2020, followed by India, Japan and South Korea. Growing industrialization and automotive enhancement in China are contributing to the country’s leading market position. In India, the lack of 24 hrs power backup in majority of the regions, has created a huge demand for alternative power storage options like inverter batteries, which has led to a surge in lead acid battery market in the country and which will continue over the next six years.
Some of the companies operating in the Global Lead Acid Battery Market include Leoch International Technology Ltd, Panasonic Corporation, East Penn Manufacturing Co., GS Yuasa Corporation, Enersys Ltd., Exide Technologies Inc, Luminous Power Technologies Pvt. Ltd., FIAMM Energy Technology S.p.A., Trojan Battery Corporation and CSB Energy Technology Co., Ltd.
Years considered for this report:
Objective of the Study:
To analyze and forecast the Global Lead Acid Battery Market, both top-down and bottom-up approaches have been used. Multiple employees from the leading companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source. A brief study of the major players operating in the Global Lead Acid Battery Market was also undertaken. Moreover, a detailed and in-depth scrutiny of information was done to understand each policy and external or internal factor which could increase or decrease the demand for lead acid battery, globally. To extract data, primary surveys were conducted with key players and stakeholders in the industry. The future plans of major players were studied & identified.
Various secondary sources such as white papers and secondary literature on lead acid battery Like India Energy Storage Alliance (IESA) Knowledge Paper, Batteries International Magazine, BEST Mag, LABAT papers, annual reports, investor presentation, International Monetary Fund and World Bank were also studied.
Key Target Audience:
The study is essential in delivering useful information to the industry stakeholders such as manufacturing companies, service companies, distributors and end-users related to lead acid battery market. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities in specific market segments and geographies.
Report Scope:
In this report, the Global Lead Acid Battery Market has been segmented into the following categories in addition to the industry trends which have also been listed below:
Global Lead Acid Battery Market, By Product:
Global Lead Acid Battery Market, By Construction Method:
Global Lead Acid Battery Market, By Sales Channel:
Global Lead Acid Battery Market, By Application:
Global Lead Acid Battery Market, By Region:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Lead Acid Battery Market.
Voice of Customer: Brand awareness, brand satisfaction, price, availability, and annual maintenance service, are the major factors affecting decisions related to lead acid battery for various users, globally.
Available Customizations:
With the given market data, the publisher offers customizations according to a client’s specific needs.
In 2020 due to COVID-19 pandemic, the market was hit temporarily due to longer lock down periods, the stored stock almost perished due to unuse. Also, the main manufacturers of it being from China and its dominance over the market, the business was stopped due to pandemic, and also supply and procurement were totally affected. But, as the pandemic will fade gradually, the market will see an upward trend, over the next 6 years.
In terms of product, the market can be bifurcated into stationary, motive and start light ignition (SLI), out of which SLI batteries dominated the market in 2020 and is expected to maintain its market dominance during the forecast period, backed by the wide usage in multiple applications like renewables, automotive, etc. By construction method, it is segmented into flooded & valve regulated lead acid (VRLA) of which VRLA occupies the major market due to its more efficient construction and user-friendly functionality. By sales channel it is categorized into Original Equipment Market (OEM) & aftermarket, of which aftermarket occupies the majority market due to high demand of after sales service. Finally, by application it is divided into transportation, industrial motive, stationary industrial, residential, commercial & grid storage out of which stationary industrial occupies the major market due to its varied applications of power back up, emergency lighting, railway backup systems, security systems, renewable energy systems, etc.
Asia-Pacific is the largest contributor with 43.71% value share in 2020 in the Global Lead Acid Battery Market. China is the largest contributing country in the region with 43.25% share in 2020, followed by India, Japan and South Korea. Growing industrialization and automotive enhancement in China are contributing to the country’s leading market position. In India, the lack of 24 hrs power backup in majority of the regions, has created a huge demand for alternative power storage options like inverter batteries, which has led to a surge in lead acid battery market in the country and which will continue over the next six years.
Some of the companies operating in the Global Lead Acid Battery Market include Leoch International Technology Ltd, Panasonic Corporation, East Penn Manufacturing Co., GS Yuasa Corporation, Enersys Ltd., Exide Technologies Inc, Luminous Power Technologies Pvt. Ltd., FIAMM Energy Technology S.p.A., Trojan Battery Corporation and CSB Energy Technology Co., Ltd.
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022-2026
Objective of the Study:
- The primary objective of the study is to understand and gain insights about the Global Lead Acid Battery Market by value and its segmental analysis by product, by construction method, by sales channel, by application, by region and by company.
- To analyze historical growth in market size of the Global Lead Acid Battery Market from 2016 to 2020.
- To estimate and forecast the market size of the Global Lead Acid Battery Market from 2021 to 2026 and growth rate until 2026.
- To categorize and forecast the Global Lead Acid Battery Market by product - stationary, motive, start light & ignition (SLI).
- To categorize and forecast the Global Lead Acid Battery Market by construction method - flooded, valve regulated lead acid (VRLA).
- To categorize and forecast the Global Lead Acid Battery Market by sales channel- original equipment market (OEM), after market.
- To categorize and forecast the Global Lead Acid Battery Market by application- transportation, industrial motive, stationary industrial, residential, commercial, grid- storage.
- To categorize and forecast the Global Lead Acid Battery Market by region such as Asia-Pacific, Europe, North America, South America, and Middle East & Africa.
- To identify major drivers & challenges for the Global Lead Acid Battery Market.
- To identify major trends in the Global Lead Acid Battery Market.
- To profile major companies operating in the Global Lead Acid Battery Market.
To analyze and forecast the Global Lead Acid Battery Market, both top-down and bottom-up approaches have been used. Multiple employees from the leading companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source. A brief study of the major players operating in the Global Lead Acid Battery Market was also undertaken. Moreover, a detailed and in-depth scrutiny of information was done to understand each policy and external or internal factor which could increase or decrease the demand for lead acid battery, globally. To extract data, primary surveys were conducted with key players and stakeholders in the industry. The future plans of major players were studied & identified.
Various secondary sources such as white papers and secondary literature on lead acid battery Like India Energy Storage Alliance (IESA) Knowledge Paper, Batteries International Magazine, BEST Mag, LABAT papers, annual reports, investor presentation, International Monetary Fund and World Bank were also studied.
Key Target Audience:
- Lead acid battery manufacturers, distributors, dealers and other stakeholders
- After sales service companies
- Organizations, forums and alliances related to Lead Acid Battery Market
- Government bodies such as regulating authorities and policy makers
- Market research and consulting firms
The study is essential in delivering useful information to the industry stakeholders such as manufacturing companies, service companies, distributors and end-users related to lead acid battery market. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities in specific market segments and geographies.
Report Scope:
In this report, the Global Lead Acid Battery Market has been segmented into the following categories in addition to the industry trends which have also been listed below:
Global Lead Acid Battery Market, By Product:
- Stationary
- Motive
- Start, Light & Ignition (SLI)
Global Lead Acid Battery Market, By Construction Method:
- Flooded
- Valve Regulated Lead Acid
Global Lead Acid Battery Market, By Sales Channel:
- Original Equipment Market (OEM)
- After Market
Global Lead Acid Battery Market, By Application:
- Transportation
- Industrial Motive
- Stationary Industrial
- Residential
- Commercial
- Grid Storage
Global Lead Acid Battery Market, By Region:
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- New Zealand
- Rest of Asia Pacific
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Rest of Europe
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Chile
- Rest of South America
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Egypt
- Rest of Middle East & Africa
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Lead Acid Battery Market.
Voice of Customer: Brand awareness, brand satisfaction, price, availability, and annual maintenance service, are the major factors affecting decisions related to lead acid battery for various users, globally.
Available Customizations:
With the given market data, the publisher offers customizations according to a client’s specific needs.
Please note: With the Enterprise license, the PDF product is printable and editable and comes with a market data excel sheet.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Enersys Ltd.
- Exide Technologies Inc
- GS Yuasa Corporation
- Panasonic Corporation
1. Product Overview2. Research Methodology3. Impact of COVID-19 on Global Lead Acid Battery Market4. Executive Summary5. Voice of Customer6. Global Lead Acid Battery Market Overview14. Market Trends & Developments16. Strategic Recommendations17. About the Publisher & Disclaimer
7. Global Lead Acid Battery Market Outlook
8. Asia-Pacific Lead Acid Battery Market Outlook
9. Europe Lead Acid Battery Market Outlook
10. North America Lead acid Battery Market Outlook
11. South America Lead Acid Battery Market Outlook
12. Middle East & Africa Lead Acid Battery Market Outlook
13. Market Dynamics
15. Competitive Landscape
List of Figures
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Leoch International Technology Limited
- Panasonic Corporation
- East Penn Manufacturing Co.
- GS Yuasa Corporation
- Enersys Ltd.
- Exide Technologies Inc
- Luminous Power Technologies Pvt. Ltd.
- FIAMM Energy Technology S.p.A.
- Trojan Battery Corporation
- CSB Energy Technology Co., Ltd.
Note: Product cover images may vary from those shown
