Lead Acid Battery Market Size Worth USD 71.73 Billion By 2027 | Emergen Research

The global lead acid battery market size was USD 47.08 billion in 2022 and is expected to register a rapid revenue CAGR of 4.3% during the forecast period. The global lead acid battery market is experiencing robust growth, propelled by a convergence of factors including rising demand in the telecom sector, technological advancements, and an increasing need for energy storage solutions. A recent market analysis highlights the significance of lead acid batteries across various industries such as telecommunications, automotive, data centers, and renewable energy generation.

Lead acid batteries, known for their reliability and cost-effectiveness, have found widespread adoption in critical infrastructure such as data centers, healthcare facilities, and emergency lighting systems. Despite the rise of lithium-ion batteries in the clean energy transition, lead acid batteries remain indispensable, with over 100 million units sold annually in the U.S. alone. Notably, the lead-acid battery industry boasts an impressive recycling rate of 99%, contributing to sustainable practices in battery production.

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The telecommunications sector emerges as a key driver of market growth, with increasing demand for Uninterrupted Power System (UPS) systems in data centers and other critical infrastructure. Lead batteries, renowned for their efficient backup power capabilities, are preferred for their reliability in ensuring uninterrupted operations.

Moreover, the automotive industry plays a pivotal role in fueling market expansion, with lead acid batteries serving diverse applications in vehicles ranging from cars and trucks to motorcycles. The automotive segment is poised to maintain a significant revenue share, supported by the presence of key players and the expanding scope of battery applications beyond traditional automotive use.

A notable trend shaping the market landscape is the rising demand for renewables, which in turn drives the need for energy storage batteries. As renewable energy sources gain prominence, lead acid batteries play a crucial role in grid-scale power storage and renewable energy generation setups. This trend is particularly pronounced in developing countries like India, where ambitious renewable energy targets underscore the importance of energy storage solutions.

While the market presents lucrative opportunities, challenges such as fluctuating raw material prices and regulatory pressures on lead emissions remain pertinent. However, technological advancements, particularly in Value Regulated Lead-Acid (VRLA) batteries, are expected to mitigate some of these challenges, driving steady revenue growth in the coming years.

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Key Market Insights:

• Product Segmentation: The Starting, Lighting, and Ignition (SLI) segment hold the largest revenue share, driven by demand from automotive and high-power machine applications.

• Construction Method: The Value Regulated Lead-Acid (VRLA) segment is poised for fast revenue growth, fueled by increasing demand across residential, commercial, and industrial sectors, as well as the penetration of solar PV systems.

• Application Focus: Automotive applications dominate the market, with lead acid batteries finding extensive use in vehicles and expanding into stationary applications such as smart grid setups and UPS systems.

• Sales Channel Dynamics: The aftermarket segment is expected to witness moderate revenue growth, driven by increasing demand for cost-effective and reliable power storage solutions.

In summary, the lead acid battery market continues to evolve, driven by diverse applications, technological innovations, and the imperative for sustainable energy solutions. As industries embrace the transition towards clean energy and uninterrupted operations, lead acid batteries remain indispensable for powering a resilient future.

Major Companies and Competitive Landscape

The global lead acid battery market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective products. Some of the major companies included in the global lead acid battery market report are:

• ENERSYS
• C&D Technologies, Inc.
• East Penn Manufacturing Company
• Johnson Controls
• Crown Battery
• NorthStar
• Fujjain Quanzhou Dahua Battery Co., Ltd.
• leoch International Technology Limited Inc.
• Zibo Torch Energy Co., Ltd.
• Hitachi Ltd.
• Chloride Batteries S E Asia Pte. Ltd.

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Lead Acid Battery Market Latest Industry News:

• On 11 January 2022, Recyclus, a company based in UK opened the first lead acid battery recycling plant in England. The Tipton facility is expected to increase Recyclu's production capacity for recycling lead acid batteries from an estimated 16,000 tons in the first full year of production to approximately 80,000 tons by 2027.

• On 20 June 2021, ENERSYS announced that it invested over USD 100 million in new capital for the upcoming three years to grow its Thin Plate Pure Lead (TPPL) capacity. Both initiatives collectively upgraded TPPL capacity by over USD 500 million/year.

Segments Covered in Report

For the purpose of this report, Emergen Research has segmented the global lead acid battery market on the basis of product, construction method, application, sales channel, and region:

• Product Outlook (Revenue, USD Billion; 2019-2032)
o Starting, Lighting, and Ignition (SLI)
o Stationary
o Motive

• Construction Method Outlook (Revenue, USD Billion; 2019-2032)
o Flooded
o Valve Regulated Lead-Acid (VRLA)
o Absorbed Glass Mat (AGM) battery
o Gel Lead Acid Batteries

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Automotive
o Uninterrupted Power Supply (UPS)
o Telecom
o Electric Bikes
o Transport Vehicles
o Others

• Sales Channel Outlook (Revenue, USD Billion; 2019-2032)
o Original Equipment Market (OEM)
o Aftermarket
o Others

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa

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