Advanced Lead Acid Battery Industry worth $30.7 billion by 2027 | Key players Enersys, Exide Industries, GS Yuasa International, Clarios, Leoch International Technology

According to recent market research the "Advanced Lead Acid Battery Market by Type (Stationary, Motive), Construction Method (Flooded, VRLA), End-User (Utilities, Transportation, Industrial, Commercial & Residential) and Region (North America, APAC, Europe, RoW) - Global Forecast to 2027", is estimated to grow from USD 22.7 billion in 2022 to USD 30.7 billion by 2027, at a CAGR of 6.3% during the forecast period. Expanding data centers and the growing telecom sector is expected to drive the advanced lead acid battery market.

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The motive segment is expected to lead the advanced lead acid battery market during the forecast period by value. Motive batteries, also known as traction power batteries, supply electric power mainly for transport vehicles. These battery systems are primarily designed to have a greater ability to be extensively deep cycled while still preserving and maintaining a long lifetime which drives the demand for this segment.

Based on construction method, the advanced lead acid battery market is classified into flooded and VRLA (Valve Regulated Lead Acid battery) batteries. The VRLA (Valve Regulated Lead Acid battery) segment is expected to account for the largest share during the forecast period by value. These VRLA batteries use comparatively less electrolyte (sulfuric acid) than contemporary lead acid batteries and are majorly used in the automotive sector, which is likely to drive the market for this segment in the future.

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The market size of advanced lead acid battery is estimated to grow from USD 22.7 billion in 2022 to USD 30.7 billion by 2027, at a CAGR of 6.3% during the forecast period. The advanced lead acid battery market has been growing at a moderate pace over the past five years, owing to rapid technological advancements and expansion in the telecom sector. Key players in the advanced lead acid battery market include Enersys (US), Exide Industries Ltd. (India), GS Yuasa International Ltd. (Japan), Clarios (US), and Leoch International Technology Limited Inc (China), among others.

Substantial investments have been made in the past few years by the key players to address the growing demand for advanced lead acid batteries. These players have been focusing on product launches and agreements to cater to the increasing demand for advanced lead acid batteries in the market.

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EnerSys is one of the largest manufacturers and distributors of industrial batteries. It offers power equipment, outdoor cabinet enclosures, battery chargers, and accessories. These products are used across aerospace, defense, medical, automated guided vehicles, railway, industrial vehicles, standby power, and renewable energy industries. The company operates its business through three segments, namely, energy systems, motive power, and specialty. The reserve power products are used in telecommunication systems, medical, security systems, lighting & ignition, electric utilities, large-scale energy storage, aircraft, satellites, submarines, and switchgears. The motive power products are used for industrial forklifts, warehousing, material handling, mining equipment, rail equipment, and engine start-up in diesel locomotives.

EnerSys' product portfolio includes various series of batteries such as DataSafe, CYCLON, PowerSafe- SuperSafe, Hawker, Genesis, Quallion, Odyssey, NexSys, Ironclad, and GAZ. EnerSys offers its batteries under the brand name SuperSafe in India, Malaysia, Indonesia, Singapore, and Thailand; elsewhere, batteries belonging to these series are offered under the brand name PowerSafe. Some of its VRLA batteries are PowerSafe/SuperSafe DDm, DataSafe HX, and others. Hawker ArmaSafe Plus and Genesis EP are some of its Thin Plate Pure Lead-Tin (TPPL) lead acid batteries.

The company is present in more than 100 countries spanning across North and South America, Europe, the Middle East, Africa, Asia, Australia, and Oceania. It has manufacturing facilities in the Americas, EMEA, and Asia.

Exide Industries Ltd. is an Indian multinational company which provides storage battery products that are used in solar, automotive, telecom, power, mining, railways, infrastructure, and defense sectors. The company manufactures, develops, and sells the world's largest range of lead acid storage batteries, ranging in capacity from 2.5Ah to 20,600Ah, to meet the needs of a wide range of applications. The company makes batteries for the automotive, electricity, infrastructure, telecom, and computer industries, as well as the defense, railways, and mining sectors, using latest technological inputs. It sells automotive batteries domestically under the brand names Exide, Dynex, and SF Sonic, whereas for international markets, the brand names include Index, Dynex, and SF Sonic. The brand names for industrial batteries for the Indian market include Exide, SF, and Ceil, and for international markets, its brands are Exide, Chloride, Ceil, and Index.

Exide has nine plants strategically positioned throughout India, seven of which are dedicated to batteries and two of which produce home UPS systems. The company's exports span across six continents, and it has subsidiaries in the UK, Singapore, and Sri Lanka.

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