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Lead Acid Battery Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028 Segmented By Product (Stationary, Motive, and Start Light & Ignition Batteries (SLI)), By Construction Method (Flooded and Valve Regulated Led Acid (VRLA) Batteries), By Sales Channel (Original Equipment Market (OEM) & Aftermarket), By Applications (Transportation, Industrial, Residential, and Commercial), By Region

September 2023 | 180 pages | ID: LB8997294252EN
TechSci Research

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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 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, 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
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • India
      • Japan
      • South Korea
      • Australia
      • China
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Spain
    • South America
      • Brazil
      • Argentina
      • Colombia
    • 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).
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, 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 RECOMMENDATIONS


16. ABOUT US & DISCLAIMER


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