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Lead Acid Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

February 2023 | 145 pages | ID: LD17A4D6ECDAEN
IMARC Group

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The global lead acid battery market size reached US$ 33.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 41.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.

A lead acid battery refers to a cost-effective rechargeable energy storage device, which includes an anode as the positive and a cathode as the negative terminal. They are further connected by the electrolyte to produce electricity through electrochemical reactions. The battery contains toxic lead metal, which can be recycled and prepared for reuse in other products. Apart from this, it involves oxide and grid production, pasting, curing, assembling, formation, filling, charge-discharge proceedings, inspection, and product dispatching as standard processes. The lead acid battery is tolerant to overcharging and relatively affordable and offers a larger current capacity and better performance in low or high temperatures. As a result, it is extensively used in grid storage and other commercial applications. Currently, the lead acid battery is commercially available in varying sizes and types, including flooded and sealed.

Lead Acid Battery Market Trends:
The considerable expansion in the automotive industry and the increasing need for fuel-efficient, electrically chargeable vehicles are primarily driving the market growth. Additionally, the rising environmental concerns and the implementation of green initiatives by governments to promote the uptake of eco-friendly components, such as lead acid batteries, to reduce carbon emissions are acting as another growth-inducing factor. As compared to lithium-ion and nickel-based battery systems, lead acid battery is more economical, recyclable, and reliable. Moreover, the widespread adoption of uninterruptible power supply (UPS) devices across various industrial verticals have further supplemented the demand for lead acid batteries as they have relatively lower-tech battery management requirements. In line with this, the extensive employment of innovative battery manufacturing machines to optimize production processes at minimal costs is further contributing to the market growth. Besides this, strategic collaborations amongst key players to engineer multiple product variants with enhanced efficacy are positively stimulating the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global lead acid battery market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, construction method, sales channel and application.

Breakup by Product:

SLI
Stationary
Motive

Breakup by Construction Method:

Flooded
Valve Regulated Sealed Lead–acid Battery (VRLA)

Breakup by Sales Channel:

OEM
Aftermarket

Breakup by Application:

Automotive
UPS
Telecom
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being C&D Technologies Inc., Clarios International Inc., East Penn Manufacturing Co., EnerSys, Exide Industries Limited, GS Yuasa Corporation, HBL Power Systems Limited, HOPPECKE Batterien GmbH & Co. KG, Leoch International Technology Limited, Panasonic Holdings Corporation and Teledyne Technologies Incorporated.

Key Questions Answered in This Report

1. What was the size of the global lead acid battery market in 2022?
2. What is the expected growth rate of the global lead acid battery market during 2023-2028?
3. What has been the impact of COVID-19 on the global lead acid battery market?
4. What are the key factors driving the global lead acid battery market?
5. What is the breakup of the global lead acid battery market based on the product?
6. What is the breakup of the global lead acid battery market based on the construction method?
7. What is the breakup of the global lead acid battery market based on the application?
8. What are the key regions in the global lead acid battery market?
9. Who are the key players/companies in the global lead acid battery market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL LEAD ACID BATTERY MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT

6.1 SLI
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Stationary
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Motive
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY CONSTRUCTION METHOD

7.1 Flooded
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Valve Regulated Sealed Lead–acid Battery (VRLA)
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY SALES CHANNEL

8.1 OEM
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Aftermarket
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY APPLICATION

9.1 Automotive
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 UPS
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Telecom
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Others
  9.4.1 Market Trends
  9.4.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 C&D Technologies Inc.
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 SWOT Analysis
  15.3.2 Clarios International Inc.
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
  15.3.3 East Penn Manufacturing Co.
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 EnerSys
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
    15.3.4.4 SWOT Analysis
  15.3.5 Exide Industries Limited
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
  15.3.6 GS Yuasa Corporation
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
    15.3.6.4 SWOT Analysis
  15.3.7 HBL Power Systems Limited
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
  15.3.8 HOPPECKE Batterien GmbH & Co. KG
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
  15.3.9 Leoch International Technology Limited
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
  15.3.10 Panasonic Holdings Corporation
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
    15.3.10.4 SWOT Analysis
  15.3.11 Teledyne Technologies Incorporated
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 Financials
    15.3.11.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Lead Acid Battery Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Lead Acid Battery Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Lead Acid Battery Market Forecast: Breakup by Construction Method (in Million US$), 2023-2028
Table 4: Global: Lead Acid Battery Market Forecast: Breakup by Sales Channel (in Million US$), 2023-2028
Table 5: Global: Lead Acid Battery Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Lead Acid Battery Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Lead Acid Battery Market: Competitive Structure
Table 8: Global: Lead Acid Battery Market: Key Players

LIST OF FIGURES

Figure 1: Global: Lead Acid Battery Market: Major Drivers and Challenges
Figure 2: Global: Lead Acid Battery Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Lead Acid Battery Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Lead Acid Battery Market: Breakup by Product (in %), 2022
Figure 5: Global: Lead Acid Battery Market: Breakup by Construction Method (in %), 2022
Figure 6: Global: Lead Acid Battery Market: Breakup by Sales Channel (in %), 2022
Figure 7: Global: Lead Acid Battery Market: Breakup by Application (in %), 2022
Figure 8: Global: Lead Acid Battery Market: Breakup by Region (in %), 2022
Figure 9: Global: Lead Acid Battery (SLI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Lead Acid Battery (SLI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Lead Acid Battery (Stationary) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Lead Acid Battery (Stationary) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Lead Acid Battery (Motive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Lead Acid Battery (Motive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Lead Acid Battery (Flooded) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Lead Acid Battery (Flooded) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Lead Acid Battery (Valve Regulated Sealed Lead–acid Battery (VRLA)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Lead Acid Battery (Valve Regulated Sealed Lead–acid Battery (VRLA)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Lead Acid Battery (OEM) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Lead Acid Battery (OEM) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Lead Acid Battery (Aftermarket) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Lead Acid Battery (Aftermarket) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Lead Acid Battery (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Lead Acid Battery (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Lead Acid Battery (UPS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Lead Acid Battery (UPS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Lead Acid Battery (Telecom) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Lead Acid Battery (Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Lead Acid Battery (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Lead Acid Battery (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: North America: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: North America: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: United States: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: United States: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Canada: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Canada: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Asia-Pacific: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Asia-Pacific: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: China: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: China: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Japan: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Japan: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: India: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: India: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: South Korea: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: South Korea: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Australia: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Australia: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Indonesia: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Indonesia: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Others: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Others: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Europe: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Europe: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Germany: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Germany: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: France: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: France: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: United Kingdom: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: United Kingdom: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Italy: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Italy: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Spain: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Spain: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Russia: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Russia: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Latin America: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Latin America: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Brazil: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Brazil: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Mexico: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Mexico: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Middle East and Africa: Lead Acid Battery Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Middle East and Africa: Lead Acid Battery Market: Breakup by Country (in %), 2022
Figure 79: Middle East and Africa: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Global: Lead Acid Battery Industry: SWOT Analysis
Figure 81: Global: Lead Acid Battery Industry: Value Chain Analysis
Figure 82: Global: Lead Acid Battery Industry: Porter's Five Forces Analysis


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