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Lead Acid Battery Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028

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    Report

  • 180 Pages
  • September 2023
  • Region: Global
  • TechSci Research
  • ID: 5311314
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Global Lead Acid Battery Market is expected to grow at a robust pace in the forecast period 2024-2028

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The 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.

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 1,973 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, 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.

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:

  • Stationary
  • Motive
  • Start Light & Ignition Batteries (SLI)

Lead Acid Battery Market, by Construction Method:

  • Flooded Batteries
  • Valve Regulated Led Acid (VRLA) Batteries

Lead Acid Battery Market, by Sales Channel:

  • Original Equipment Market (OEM)
  • Aftermarket

Lead Acid Battery Market, by Sales Channel:

  • Transportation
  • Industrial
  • Residential
  • Commercial

Lead Acid Battery Market, by Region:

  • North America
  • Asia-Pacific
  • Europe
  • South America
  • Middle East

Competitive Landscape

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

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The following customization options are available for the report:
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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 $59.76 Billion in 2022.

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

The growth rate of the Global Lead Acid Battery Market is 5.4%, with an estimated value of $80.91 Billion by 2028.

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

The Global Lead Acid Battery Market is estimated to be worth $80.91 Billion by 2028.

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

Key companies in the Global Lead Acid Battery Market include 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. and HBL Power Systems Ltd..

Table of Contents

1. Product Overview2. Research Methodology3. Impact of COVID-19 Global Lead Acid Battery Market4. Executive Summary5. 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, Residential, Commercial)
6.2.5. By Region
6.3. By Company
6.4. 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
12.2. Challenges
13. Market Trends & Developments
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
14.2. 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
14.3. 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
14.4. 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
14.5. 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
14.6. 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
14.7. 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
14.8. 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
14.9. 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
14.10. 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
15. Strategic Recommendations16. About the Analyst & Disclaimer

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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.