Lead Acid Battery Market Size, Trends and Insights By Product (SSL Lead Acid Battery, Stationary Lead Acid Battery, Motive Lead Acid Battery), By Application (Automotive, UPS, Electric Bikes, Transport Vehicles, Telecom, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030


Report Code: CMI20088

Published Date: October 2022

Pages: 220+

Category: Energy And Power

Report Snapshot

CAGR: 5%
54B
2021
58B
2022
90B
2030

Source: CMI

Study Period: 2022-2030
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Furukawa Electric Co. Ltd.
  • Narada Power Source Co. Ltd.
  • Hitachi Chemical Company Ltd.
  • Others

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Reports Description

According to Custom Market Insights (CMI), The Global Lead Acid Battery Market size was estimated at USD 54 billion in 2021 and is expected to reach USD 58 billion in 2022 and is anticipated to reach around USD 90 billion by 2030, growing at a CAGR of roughly 5% between 2022 and 2030. 

Our research report offers a 360-degree view of the Lead Acid Battery market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Lead Acid Battery market.

  • Due to a recovery in end-user industry demand in the second half of 2020, the COVID-19 epidemic had little effect on the lead-acid battery market. This was caused mainly by the deficiency filled by the industrial and other applications segment, brought on by the SLI segment’s decreased demand due to the pandemic’s reduced car sales. The market is anticipated to experience growth during the projected period due to factors including rising demand from data centers and telecommunications and increasing application levels in various sectors, including the railroad industry. However, alternative technologies, particularly lithium-ion, are anticipated to stifle industry expansion because of their declining costs and technical benefits.

 Lead Acid Battery Market (By Product )

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  • As nations adopt electric vehicles to cut carbon emissions, lead-acid batteries are frequently employed in transportation. As governments in emerging countries support renewable energy and ecologically friendly means of transportation, the demand for lead-acid batteries in the transportation sector is expanding quickly. Subsidies enforce the production capacity of many automobile battery OEMs.
  • By 2030, lead acid battery producers should have plenty of opportunities due to the general use of conventional automobiles in ASEAN nations and the growing trend of vehicle electrification in North America and Western Europe.
  • The majority of data center operations use much power. To maintain a steady supply of energy, battery technologies are used in backup systems, which are essential for data center power and storage. Salesforce is one of many software companies that plan to continue investing in data centers and enterprise cloud computing infrastructure. The proliferation of relevant items, such as valve-regulated lead acid batteries, will result from increased data center infrastructure.

Report Scope

The lead acid battery is the most traditional type of rechargeable battery and is used in a wide range of industries. Because the cells have a high power-to-weight ratio, it offers the advantage of supplying high surge current. For example, lead acid batteries are appealing for usage in the automobile industry due to their high power-to-weight ratio and low price. Battery terminals, plates, cells, separators, and containers are the components of lead-acid batteries. The scope of the study includes market sizing and forecast for segmentation by product, application, and geography.

Feature of the Report Details
Market Size in 2021 USD 54 Billion
Projected Market Size in 2030 USD 90 Billion
Market Size in 2022 USD 58 Billion
CAGR Growth Rate 5% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Furukawa Electric Co. Ltd., Narada Power Source Co. Ltd., Hitachi Chemical Company Ltd., SiteTel Sweden AB (NorthStar), Clarios, Yokohama Batteries Sdn. Bhd., Leoch International Technology Ltd., Enersys, Exide Industries Ltd., Hoppecke Batterien GmbH & Co. KG., GS Yuasa Corporation, Crown Battery Corporation, C&D Technologies Inc., East Penn Manufacturing Co., Coslight Technology International Group Co. Ltd., Chaowei Power Holdings Limited., Zhangzhou Huawei Power Supply Technology Co. Ltd., Camel Group Co. Ltd., B. B. Battery, Shandong Sacred Sun Power Sources Co. Ltd., and Others
Key Segment By Product, Application, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Key Market Dynamics

  • Initiatives to integrate green energy into the automobile industry are among the main drivers boosting the demand for lead-acid batteries. Leading lead acid battery producers are concentrating on increasing their production and distribution capabilities in different nations. Some businesses work closely with local manufacturers to enhance their industrial research initiatives.
  • Additionally, new developments in vehicle technology, such as hybrid, battery-powered, or electric vehicles, will be some additional powerful drivers of market expansion.
  • Numerous end-use sectors use lead-acid batteries, including automotive, uninterruptible power supplies (UPS), and telephony. As governments in emerging nations support renewable energy and ecologically friendly means of transportation, the demand for lead-acid batteries in the transportation sector is expanding quickly.
  • One of the main markets for lead-acid batteries is transportation. China has become a very profitable market for the manufacture and export of lead-acid batteries in the region. This is due to rising demand from the nation’s automotive industry, the adoption of cutting-edge technologies, and increased manufacturing capacity.

Lead Acid Battery Market

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SSL Batteries Segment to Dominate the Lead Acid Battery Market

  • Almost all automobiles have had starting, lighting, and ignition (SLI) batteries for the past 100 years. SLI batteries are typically used for brief power bursts, such as starting an automobile or powering small electrical loads. Additionally, these batteries act as a voltage stabilizer in the electrical system that evens out voltage spikes to prevent them from harming other components in the electrical system by supplying extra power when the vehicle’s electrical load exceeds the supply from the charging system (alternator).
  • Because SLI batteries are developed for cars, they are always connected to the vehicle’s charging system. This results in a continuous cycle of charge and discharge in the battery anytime the vehicle is in use. For more than 50 years, 12-volt batteries have dominated the market. While in use in the car and being charged by the alternator, its usual voltage is near 14 volts.
  • The demand for SLI batteries to power starter motors, lighting, ignition systems, and other internal combustion engines with high performance, long life, and cost-effectiveness is one of the main drivers driving the growth of the SLI battery market. In addition, Lead-acid batteries are the preferred technology for all SLI battery applications in vehicles with traditional combustion engines, such as cars and trucks.

Competitive Landscape

Since there are so many manufacturers, the market is fragmented. It is distinguished by numerous market participants in the United States, China, and Japan. Among the primary strategies used by businesses to expand their market presence are joint ventures and mergers and acquisitions. The market is highly competitive, and players constantly develop new products and conduct R&D.

Our market analysis includes a section devoted to key players operating in the Automotive Lead-Acid Battery Market. Our analysts overview each player’s financial statements, product benchmarking, and SWOT analysis. In addition, the competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of globally mentioned competitors. 

  • 2022: The technological minerals-owned firm Recycles Group Ltd. has built a new facility in Tipton, England, to recycle lead-acid batteries. 
  • 2021: According to GS Yuasa Corporation, Tata AutoComp GY Batteries Limited announced intentions to boost its annual production capacity for motorcycle lead-acid batteries to 8.4 million units.

Regional Overview

In 2021, Asia Pacific dominated the global lead acid battery market, and it is anticipated that it will continue to do so during the forecast period. This region’s lead acid battery market is expanding due to a rising consumer preference for electric vehicles. Lead acid batteries are commonly used in electric cars because they are affordable, dependable, and offer cheap energy storage. Furthermore, lead-acid batteries are anticipated to have significant market expansion in the coming years due to the widespread use of energy storage applications in industrial sectors.

 Lead Acid Battery Market (trends by region)

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The world’s second-largest market was North America. The region’s well-developed industrial sector is likely to be the primary driver of market expansion. The need for lead-acid batteries has increased due to top automakers, including Toyota, General Motors, Ford, and Fiat Chrysler Automobiles. Additionally, the region’s need for lead-acid batteries has increased due to the region’s expanded telecom sector and rising oil and gas-related activities following the shale gas boom.

Prominent Players:

  • Furukawa Electric Co. Ltd.
  • Narada Power Source Co. Ltd.
  • Hitachi Chemical Company Ltd.
  • SiteTel Sweden AB (NorthStar)
  • Clarios
  • Yokohama Batteries Sdn. Bhd.
  • Leoch International Technology Ltd.
  • Enersys
  • Exide Industries Ltd.
  • Hoppecke Batterien GmbH & Co. KG.
  • GS Yuasa Corporation
  • Crown Battery Corporation
  • C&D Technologies Inc.
  • East Penn Manufacturing Co.
  • Coslight Technology International Group Co. Ltd.
  • Chaowei Power Holdings Limited.
  • Zhangzhou Huawei Power Supply Technology Co. Ltd.
  • Camel Group Co. Ltd.
  • B. Battery
  • Shandong Sacred Sun Power Sources Co. Ltd.

The global Lead Acid Battery market is segmented as follows:

By Product

  • SSL Lead Acid Battery
  • Stationary Lead Acid Battery
  • Motive Lead Acid Battery

By Application

  • Automotive
  • UPS
  • Electric Bikes
  • Transport Vehicles
  • Telecom
  • Others

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Lead Acid Battery Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Lead Acid Battery Market : snapshot
  • Chapter 3. Global Lead Acid Battery Market – Industry Analysis
    • 3.1 Lead Acid Battery Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing use of lead-acid batteries in automobiles and Uninterruptible Power Sources (UPS)
      • 3.2.2 Automobiles and Uninterruptible Power Sources (UPS)
      • 3.2.3 Zero-emission electric cars and technical developments.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Product
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global Lead Acid Battery Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Lead Acid Battery Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Lead Acid Battery Market – Product Analysis
    • 5.1 Global Lead Acid Battery Market overview: By Product
      • 5.1.1 Global Lead Acid Battery Market share, By Product, 2021 and 2030
    • 5.2 SSL Lead Acid Battery
      • 5.2.1 Global Lead Acid Battery Market by SSL Lead Acid Battery, 2022 – 2030 (USD Billion)
    • 5.3 Stationary Lead Acid Battery
      • 5.3.1 Global Lead Acid Battery Market by Stationary Lead Acid Battery, 2022 – 2030 (USD Billion)
    • 5.4 Motive Lead Acid Battery
      • 5.4.1 Global Lead Acid Battery Market by Motive Lead Acid Battery, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Lead Acid Battery Market – Application Analysis
    • 6.1 Global Lead Acid Battery Market overview: By Application
      • 6.1.1 Global Lead Acid Battery Market share, By Application, 2021 and 2030
    • 6.2 Automotive
      • 6.2.1 Global Lead Acid Battery Market by Automotive, 2022 – 2030 (USD Billion)
    • 6.3 UPS
      • 6.3.1 Global Lead Acid Battery Market by UPS, 2022 – 2030 (USD Billion)
    • 6.4 Electric Bikes
      • 6.4.1 Global Lead Acid Battery Market by Electric Bikes, 2022 – 2030 (USD Billion)
    • 6.5 Transport Vehicles
      • 6.5.1 Global Lead Acid Battery Market by Transport Vehicles, 2022 – 2030 (USD Billion)
    • 6.6 Telecom
      • 6.6.1 Global Lead Acid Battery Market by Telecom, 2022 – 2030 (USD Billion)
    • 6.7 Others
      • 6.7.1 Global Lead Acid Battery Market by Others, 2022 – 2030 (USD Billion)
  • Chapter 7. Lead Acid Battery Market – Regional Analysis
    • 7.1 Global Lead Acid Battery Market Regional Overview
    • 7.2 Global Lead Acid Battery Market Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Lead Acid Battery Market, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America Lead Acid Battery Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America Lead Acid Battery Market, by Product, 2022 – 2030
      • 7.4.1 North America Lead Acid Battery Market, by Product, 2022 – 2030 (USD Billion)
    • 7.5 North America Lead Acid Battery Market, by Application, 2022 – 2030
      • 7.5.1 North America Lead Acid Battery Market, by Application, 2022 – 2030 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Lead Acid Battery Market, 2022 – 2030 (USD Billion)
        • 7.6.1.1 Europe Lead Acid Battery Market, by Country, 2022 – 2030 (USD Billion)
    • 7.7 Europe Lead Acid Battery Market, by Product, 2022 – 2030
      • 7.7.1 Europe Lead Acid Battery Market, by Product, 2022 – 2030 (USD Billion)
    • 7.8 Europe Lead Acid Battery Market, by Application, 2022 – 2030
      • 7.8.1 Europe Lead Acid Battery Market, by Application, 2022 – 2030 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Lead Acid Battery Market, 2022 – 2030 (USD Billion)
        • 7.9.1.1 Asia Pacific Lead Acid Battery Market, by Country, 2022 – 2030 (USD Billion)
    • 7.10 Asia Pacific Lead Acid Battery Market, by Product, 2022 – 2030
      • 7.10.1 Asia Pacific Lead Acid Battery Market, by Product, 2022 – 2030 (USD Billion)
    • 7.11 Asia Pacific Lead Acid Battery Market, by Application, 2022 – 2030
      • 7.11.1 Asia Pacific Lead Acid Battery Market, by Application, 2022 – 2030 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Lead Acid Battery Market, 2022 – 2030 (USD Billion)
        • 7.12.1.1 Latin America Lead Acid Battery Market, by Country, 2022 – 2030 (USD Billion)
    • 7.13 Latin America Lead Acid Battery Market, by Product, 2022 – 2030
      • 7.13.1 Latin America Lead Acid Battery Market, by Product, 2022 – 2030 (USD Billion)
    • 7.14 Latin America Lead Acid Battery Market, by Application, 2022 – 2030
      • 7.14.1 Latin America Lead Acid Battery Market, by Application, 2022 – 2030 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Lead Acid Battery Market, 2022 – 2030 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Lead Acid Battery Market, by Country, 2022 – 2030 (USD Billion)
    • 7.16 The Middle-East and Africa Lead Acid Battery Market, by Product, 2022 – 2030
      • 7.16.1 The Middle-East and Africa Lead Acid Battery Market, by Product, 2022 – 2030 (USD Billion)
    • 7.17 The Middle-East and Africa Lead Acid Battery Market, by Application, 2022 – 2030
      • 7.17.1 The Middle-East and Africa Lead Acid Battery Market, by Application, 2022 – 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Furukawa Electric Co. Ltd.
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Narada Power Source Co. Ltd.
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Hitachi Chemical Company Ltd.
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 SiteTel Sweden AB (NorthStar)
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Clarios
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Yokohama Batteries Sdn. Bhd.
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Leoch International Technology Ltd.
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Enersys
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Exide Industries Ltd.
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Hoppecke Batterien GmbH & Co. KG.
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 GS Yuasa Corporation
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 Crown Battery Corporation
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments
    • 8.13 C&D Technologies Inc.
      • 8.13.1 Overview
      • 8.13.2 Financials
      • 8.13.3 Product Portfolio
      • 8.13.4 Business Strategy
      • 8.13.5 Recent Developments
    • 8.14 East Penn Manufacturing Co.
      • 8.14.1 Overview
      • 8.14.2 Financials
      • 8.14.3 Product Portfolio
      • 8.14.4 Business Strategy
      • 8.14.5 Recent Developments
    • 8.15 Coslight Technology International Group Co. Ltd.
      • 8.15.1 Overview
      • 8.15.2 Financials
      • 8.15.3 Product Portfolio
      • 8.15.4 Business Strategy
      • 8.15.5 Recent Developments
    • 8.16 Chaowei Power Holdings Limited.
      • 8.16.1 Overview
      • 8.16.2 Financials
      • 8.16.3 Product Portfolio
      • 8.16.4 Business Strategy
      • 8.16.5 Recent Developments
    • 8.17 Zhangzhou Huawei Power Supply Technology Co. Ltd.
      • 8.17.1 Overview
      • 8.17.2 Financials
      • 8.17.3 Product Portfolio
      • 8.17.4 Business Strategy
      • 8.17.5 Recent Developments
    • 8.18 Camel Group Co. Ltd.
      • 8.18.1 Overview
      • 8.18.2 Financials
      • 8.18.3 Product Portfolio
      • 8.18.4 Business Strategy
      • 8.18.5 Recent Developments
    • 8.19 B. Battery
      • 8.19.1 Overview
      • 8.19.2 Financials
      • 8.19.3 Product Portfolio
      • 8.19.4 Business Strategy
      • 8.19.5 Recent Developments
    • 8.20 Shandong Sacred Sun Power Sources Co. Ltd.
      • 8.20.1 Overview
      • 8.20.2 Financials
      • 8.20.3 Product Portfolio
      • 8.20.4 Business Strategy
      • 8.20.5 Recent Developments
List Of Figures
  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Lead Acid Battery Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Lead Acid Battery Market attractiveness, By Product
  • 6. Global Lead Acid Battery Market attractiveness, By Application
  • 7. Global Lead Acid Battery Market share by Product, 2022 and 2030 (USD Billion)
  • 8. Global Lead Acid Battery Market by SSL Lead Acid Battery, 2022 – 2030 (USD Billion)
  • 9. Global Lead Acid Battery Market by Stationary Lead Acid Battery, 2022 – 2030 (USD Billion)
  • 10. Global Lead Acid Battery Market by Motive Lead Acid Battery, 2022 – 2030 (USD Billion)
  • 11. Global Lead Acid Battery Market share by Application, 2022 and 2030 (USD Billion)
  • 12. Global Lead Acid Battery Market by Automotive, 2022 – 2030 (USD Billion)
  • 13. Global Lead Acid Battery Market by UPS, 2022 – 2030 (USD Billion)
  • 14. Global Lead Acid Battery Market by Electric Bikes, 2022 – 2030 (USD Billion)
  • 15. Global Lead Acid Battery Market by Transport Vehicles, 2022 – 2030 (USD Billion)
  • 16. Global Lead Acid Battery Market by Telecom, 2022 – 2030 (USD Billion)
  • 17. Global Lead Acid Battery Market by Others, 2022 – 2030 (USD Billion)
  • 18. Global Lead Acid Battery Market share, by Region, 2022 and 2030
  • 19. North America Lead Acid Battery Market, 2022 – 2030 (USD Billion)
  • 20. Europe Lead Acid Battery Market, 2022 – 2030 (USD Billion)
  • 21. Asia Pacific Lead Acid Battery Market, 2022 – 2030 (USD Billion)
  • 22. Latin America Lead Acid Battery Market, 2022 – 2030 (USD Billion)
  • 23. The Middle-East and Africa Lead Acid Battery Market, 2022 – 2030 (USD Billion)
List Of Tables
  • 1. Global Lead Acid Battery Market: Snapshot
  • 2. Drivers of the Lead Acid Battery Market: impact analysis
  • 3. North America Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 4. North America Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 5. U.S. Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 6. U.S. Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 7. Canada Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 8. Canada Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 9. Europe Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 10. Europe Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 11. Germany Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 12. Germany Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 13. France Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 14. France Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 15. U.K. Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 16. U.K. Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 17. Italy Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 18. Italy Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 19. Spain Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 20. Spain Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 21. Rest of Europe Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 22. Rest of Europe Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 23. Asia Pacific Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 24. Asia Pacific Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 25. China Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 26. China Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 27. Japan Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 28. Japan Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 29. India Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 30. India Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 31. South Korea Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 32. South Korea Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 33. South-East Asia Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 34. South-East Asia Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 35. Rest of Asia Pacific Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 36. Rest of Asia Pacific Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 37. Latin America Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 38. Latin America Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 39. Brazil Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 40. Brazil Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 41. Mexico Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 42. Mexico Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 43. Rest of Latin America Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 44. Rest of Latin America Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 45. The Middle-East and Africa Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 46. The Middle-East and Africa Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 47. GCC Countries Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 48. GCC Countries Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 49. South Africa Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 50. South Africa Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 51. Rest of Middle-East Africa Lead Acid Battery Market revenue, By Product, 2022 – 2030 (USD Billion)
  • 52. Rest of Middle-East Africa Lead Acid Battery Market revenue, By Application, 2022 – 2030 (USD Billion)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players:

  • Furukawa Electric Co. Ltd.
  • Narada Power Source Co. Ltd.
  • Hitachi Chemical Company Ltd.
  • SiteTel Sweden AB (NorthStar)
  • Clarios
  • Yokohama Batteries Sdn. Bhd.
  • Leoch International Technology Ltd.
  • Enersys
  • Exide Industries Ltd.
  • Hoppecke Batterien GmbH & Co. KG.
  • GS Yuasa Corporation
  • Crown Battery Corporation
  • C&D Technologies Inc.
  • East Penn Manufacturing Co.
  • Coslight Technology International Group Co. Ltd.
  • Chaowei Power Holdings Limited.
  • Zhangzhou Huawei Power Supply Technology Co. Ltd.
  • Camel Group Co. Ltd.
  • B. Battery
  • Shandong Sacred Sun Power Sources Co. Ltd.

FAQs

“Asia Pacific” region will lead the global Lead Acid Battery Market during the forecast period 2022 to 2030.

The key factors driving the market are increasing use of lead-acid batteries in automobiles and Uninterruptible Power Sources (UPS) and zero-emission electric cars and technical developments..

The key players operating in the Lead Acid Battery Market are Furukawa Electric Co. Ltd., Narada Power Source Co. Ltd., Hitachi Chemical Company Ltd., SiteTel Sweden AB (NorthStar), Clarios, Yokohama Batteries Sdn. Bhd., Leoch International Technology Ltd., Enersys, Exide Industries Ltd., Hoppecke Batterien GmbH & Co. KG., GS Yuasa Corporation, Crown Battery Corporation, C&D Technologies Inc., East Penn Manufacturing Co., Coslight Technology International Group Co. Ltd., Chaowei Power Holdings Limited., Zhangzhou Huawei Power Supply Technology Co. Ltd., Camel Group Co. Ltd., B. B. Battery, Shandong Sacred Sun Power Sources Co. Ltd.

The global Lead Acid Battery Market is expanding growth with a CAGR of approximately 5% during the forecast period (2022 to 2030).

The global Lead Acid Battery Market size was valued at USD 54 Billion in 2021 and it is projected to reach around USD 90 Billion by 2030.

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