Global Lead Acid Battery Market 2024–2033

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.

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• 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.
• 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.

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.

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.

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.

On the basis of Geography

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• 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