Automotive Lead-Acid Battery Market A Legacy of Power,Reliable Starts

The Automotive Lead Acid Battery Market is to reach over USD 39.84 billion by the year 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Automotive Lead Acid Battery Market Size, Share & Trends Analysis Report By Product (SLI and Micro-Hybrid Batteries), Type (Flooded, Enhanced Flooded, and VRLA), Customer Segment (OEM and Aftermarket), End User (Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles, Two-Wheeler, and Three-Wheeler), and Application (Hybrid Vehicles, Electric Vehicles, Light Motor Vehicles, and Heavy Motor Vehicles)- Market Outlook And Industry Analysis 2031"

The global automotive lead acid battery market is estimated to reach over USD 39.84 billion by 2024-2031, exhibiting a CAGR of 4.78% during the forecast period.

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The automotive lead-acid battery, a cornerstone of the automotive industry for decades, continues to play a vital role in powering vehicles. These reliable and cost-effective batteries utilize lead plates and sulfuric acid electrolyte to store and deliver electrical energy, serving two primary functions:

• Engine Starting: Delivering the necessary surge of power to crank the engine and initiate vehicle ignition.

• Backup Power: Providing a secondary source of electrical energy in case of a main battery failure or power shortage.

Lead-acid batteries find application in a wide range of vehicles, including:

• Passenger Cars
• Light Trucks
• Commercial Vehicles
• Recreational Vehicles

Their popularity is attributed to several key advantages:

• Affordability: Lead-acid batteries offer a significant cost advantage compared to newer battery technologies.

• High Energy Density: They pack a powerful punch, delivering the necessary starting power for most vehicles.

• Reliable Performance: Lead-acid batteries have a proven track record of dependable performance in various operating conditions.
Despite the emergence of lithium-ion batteries, lead-acid technology maintains its position in the market due to its cost-effectiveness and reliability. However,

some limitations are inherent to lead-acid batteries:

• Limited Lifespan: Compared to lithium-ion batteries, lead-acid batteries require more frequent replacements, impacting long-term costs for car owners.

• Maintenance Needs: Proper functioning of lead-acid batteries requires regular maintenance, such as electrolyte level checks and cleaning of connections. Neglecting these practices can lead to premature battery failure.

Looking Forward:
The automotive lead-acid battery market is expected to experience stable growth in the coming years, driven by:

• Rising Vehicle Ownership: The increasing number of vehicles on the road globally will translate to a sustained demand for lead-acid batteries.

• Improved Technology: Advancements in lead-acid battery design and manufacturing are leading to better performance and longer lifespans, potentially enhancing their competitiveness.
However, the market also faces challenges:

• Stringent Environmental Regulations: Growing environmental concerns may lead to stricter regulations on lead disposal, impacting the production and recycling of lead-acid batteries.

• Advancements in Alternative Technologies: The ongoing development of lithium-ion battery technology could pose a threat to the market share of lead-acid batteries in the long run.

This report delves into the evolving landscape of the automotive lead-acid battery market, analyzing its key drivers, limitations, and future prospects. It explores the role of lead-acid batteries in the automotive industry and their potential to adapt and compete in the face of emerging technologies.

List of Prominent Players in the Automotive Lead Acid Battery Market:

• C&D Technologies Inc.
• Clarios
• CSB Energy Technology Co.
• East Penn Manufacturing Company
• EnerSys Inc.
• Exide Industries Ltd.
• FIAMM Energy Technology S.p.A.
• General Motors Company
• GS Yuasa Corporation
• Johnson Controls Inc.
• Koyo Battery Co., Ltd.
• Leoch International Technology Ltd
• Middle East Battery Company
• Northstar Battery Company LLC.
• Panasonic Corporation
• PT Century Batteries Indonesia
• Reem Batteries & Power Appliances Co. Saoc
• Robert Bosch GmbH
• Saft Groupe S.A.
• Samsung Sdi Company Limited
• Tai Mao Battery Co., Ltd.
• Thai Bellco Battery Co.,Ltd.
• Trojan Battery Company

Market Dynamics:
Drivers-

The use of hybrid and electric vehicles to improve air quality and address environmental issues like carbon emissions is fueling a growing market for low-emission or zero-emission batteries, increasing demand for lead-acid batteries. Lead-acid batteries are being utilized increasingly frequently due to the quick depletion of fossil resources. Government rules on greenhouse gas emissions from automobiles have outlawed the sale of vehicles that generate more pollutants. This is the main driver of the automotive lead acid battery market.

Challenges:
The prime challenge is overcharging, and the accessibility of affordable alternatives in developing countries is predicted to reduce the growth of the automotive lead acid battery market. When a lead-acid battery is overcharged, it can generate excess heat, which can cause the battery to overheat and potentially explode. This risk is particularly high in high-performance applications, where the battery is charged and discharged rapidly.

Another significant issue for the sector is the need for affordable replacements for automotive lead-acid batteries. Lithium-ion batteries are one alternative technology that is gaining popularity because of their high energy density, lengthy lifespan, and minimal environmental impact. These batteries gradually replace lead-acid batteries in many applications, such as electric automobiles and stationary energy storage devices.

Regional Trends:
The Asia Pacific automotive lead acid battery market position is anticipated to register a significant market share in revenue and is expected to rise at a high CAGR soon. Due to South Asia's and China's significant development potential as the two main countries driving e-mobility initiatives, this region has the largest lead acid battery market. The lead acid battery market in this region will be boosted by a lack of grid infrastructure, a significant gap in the production supply of electricity, and a need for a consistent and dependable source of energy. As the demand for vehicles and the automotive sector continues to increase, Asia Pacific is a large market for lead-acid batteries. It is anticipated to rise over the coming years.

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Recent Developments:

• In 2020, Extensive collaboration with GS Yuasa International Ltd. to establish regional energy hubs in the UK. They were starting a project with Albion Community Power to combine Yuasa's hybrid lead/lithium battery system with clean wind and solar energy.

• In February 2019, The National Alliance for Advanced Transportation Batteries named hydrolysate one of the top 10 developing battery technologies.
Segmentation of the Automotive lead acid battery market-
By Product-

• SLI
• Micro Hybrid Batteries

By Type-
• Flooded
• enhanced flooded
• VRLA

By Customer Segment

• OEM
• Aftermarket

By End-user

• Passenger Car
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Two-Wheeler
• Three-Wheeler

By Application

• Hybrid Vehicles
• Electric Vehicles
• Light Motor Vehicles
• Heavy Motor Vehicles

By Region-
North America-

• The US
• Canada
• Mexico

Europe-

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

Asia-Pacific-

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

Latin America-

• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-

• GCC Countries
• South Africa
• Rest of the Middle East and Africa


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