Press release
Strong Growth Ahead: Lead Acid Batteries Market Size To Grow At Arecord 6.2% Cagr By 2029
Lead Acid Batteries Market Size
How Big Is the Lead Acid Batteries Market Size Expected to Be by 2034?
The market size of lead acid batteries has seen a significant expansion in the past few years. We are projecting an increase from $27.27 billion in 2024 up to $29 billion in 2025, which translates to a compound annual growth rate (CAGR) of 6.3%. Factors that have contributed to the growth during the historical period include robust economic progress in developing markets, swift expansion in the automotive sector, and an increased demand for renewable energy sources.
In the foreseeable future, the lead acid batteries market is projected to experience substantial growth, expanding to a worth of $36.83 billion in 2029 with a compound annual growth rate (CAGR) of 6.2%. This predicted surge in the coming years can be ascribed to the swelling demand for electric vehicles and the burgeoning data center infrastructure. The upcoming period will witness noteworthy trends like the production of graphene-enhanced lead acid batteries, the incorporation of carbon additives in lead acid battery electrodes, an intensified emphasis on valve regulated stationary lead-acid batteries, the launch of battery analyzers intended for lead-acid battery testing, and strategic alliances and associations among market players.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2796
What Are the Emerging Segments Within the Lead Acid Batteries Market?
The lead acid batteries market covered in this report is segmented -
1) By Type: Stationary, Motive And Starting, Lighting And Ignition (SLI)
2) By Technology: Basic Lead-Acid Battery, Advanced Lead-Acid Battery
3) By Construction Method: Flooded, Valve Regulated Lead-Acid (VRLA)
4) By End User: Transportation, Industrial, Commercial And Residential, Utilities
Subsegments:
1) By Stationary: Backup Power Systems, Uninterruptible Power Supply (UPS) Systems, Renewable Energy Storage
2) By Motive and Starting: Automotive Batteries, Forklift Batteries, Golf Cart Batteries, Electric Vehicle Batteries, Marine Batteries
3) By Lighting and Ignition (SLI): Conventional Lead Acid Batteries, Absorbent Glass Mat (AGM) Batteries, Gel Batteries, Enhanced Flooded Batteries (EFB), Deep Cycle Batteriesnt
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2796&type=smp
What Long-Term Drivers Are Shaping Lead Acid Batteries Market Trends?
The lead-acid batteries market is experiencing growth due to an increase in demand within the automobile industry. This has been boosted by heightened research and development in the field of automotive lead-acid batteries, as well as governmental drive towards electric vehicles, thereby broadening the global automotive market and fuelling the need for lead-acid batteries. Consider, for example, in 2023, the Organisation Internationale des Constructeurs d'Automobiles (OICA), a globally recognized association of automobile manufacturers in France, reported notable growth in the global automotive industry with total vehicle production hitting 93546599 units, marking a significant jump from the 85016728 units manufactured a year prior, in 2022. It is expected that the surge in the use of lead-acid batteries in electric vehicles coupled with the increase in governmental campaigns backing electric vehicles will propel forward the demand for the lead-acid battery market in the years to come.
Who Are the Top Competitors in Key Lead Acid Batteries Market Segments?
Major companies operating in the lead acid batteries market include Chaowei Power Holdings Limited, GS Yuasa Corporation, Clarios International Inc, EnerSys, East Penn Manufacturing Co, Camel Group Co., Ltd, Zhejiang Narada Power Source Co. Ltd., Leoch International Technology Ltd, Exide Industries Ltd, Panasonic Corporation, Amara Raja Batteries Limited, Guangdong Techfine Electronic Co., Ltd., Kaiying Power Supply & Electrical Equip Co., Ltd., Fujian Jiage Power Tech Co., Ltd., Jujiang Power Technology Co., Ltd., Suzhou Foberria New Energy Technology Co., Ltd., Xiamen Songli Import and Export Co., Ltd., Manbat, AceOn Group, ENIX Energies, Ultracell, AKTEX INC, AKOM JSC, The Ural Plant of Chemical Reagents, SOLARUS ENERGY Ltd, Yuntong Power Co.,Ltd, Krascrystal Co., Ltd, Veaga-Teplo Ltd, C&D Technologies, Inc, CSB Energy Technology Co., Ltd., Koyo Battery Co., Ltd, Astra Otoparts, Robert Bosch GmbH, Stryten Salina, LLC, Industrias Tudor Sp De Bateriais Ltda, Grupo Craft, Acumuladores Moura S.A., Sociedad Química y Minera (SQM) Salar S.A., Baterias Willard S.A., Dubatt Battery Recycling LLC, Sharaf Group, Middle East Battery Company (MEBCO), Seri Industrial S.p.A., Classic Power Batteries Trading LLC, Lento Industries Private Limited, Sunlight Group, E Schnapp Co Works Ltd, Shmuel De-Leon Energy, Ltd., Dixon Batteries, Enertec Batteries Pty Ltd, First National Battery, Renergy Technologies, Sunfor Technologies (PTY) Ltd
What Are the Major Trends Shaping the Lead Acid Batteries Market?
The launch of the absorbent glass mat (AGM), a type of lead-acid battery that offers decreased weight, improved electrical reliability, and superior performance, is fueling an increased need for lead-acid batteries. Battery University indicates that AGM is the battery of choice for high-end motorcycles due to advantages like lighter weight, less acid leakage, and excellent cold-weather performance. These batteries are also becoming increasingly popular for use in motor homes, marine vehicles, and robotics. Consequently, innovations in lead-acid batteries are expected to drive a higher demand in the lead-acid batteries market in the upcoming years.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/lead-acid-batteries-global-market-report
Which Regions Are Becoming Hubs for Lead Acid Batteries Market Innovation?
Asia-Pacific was the largest region in the global lead-acid batteries market in 2024. The regions covered in the lead acid batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Lead Acid Batteries Market?
2. What is the CAGR expected in the Lead Acid Batteries Market?
3. What Are the Key Innovations Transforming the Lead Acid Batteries Industry?
4. Which Region Is Leading the Lead Acid Batteries Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Strong Growth Ahead: Lead Acid Batteries Market Size To Grow At Arecord 6.2% Cagr By 2029 here
News-ID: 4005119 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Batteries
Lithium Coin Batteries Market | Duracell, Energizer, FDK, GP Batteries
The global lithium coin batteries market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the lithium coin batteries market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
India Lithium-Ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
As electrode materials for India Lithium-Ion Battery Market, nanomaterials have several unique physicochemical properties, such as large surface area, short transport length, high reversible capacity, and long cycle life. Energy storage in lithium-ion batteries is based on inserting lithium into either a type of graphite (cathode) or an oxide (anode). Charging and discharging consist of the transport of lithium ions between two storage media.
Developing next-generation lithium-ion batteries with dramatically…
India Lithium-Ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
India Lithium-Ion Battery Market are a group of rechargeable battery types in which lithium ions move to the anode at the negative electrode during discharge and re-move during charging. Chemical, performance, cost, and safety characteristics depend on the type of lithium-ion battery.
India Lithium-Ion Battery Market is common in home appliances. They are the most popular rechargeable batteries for portable electronics, either with the highest energy-to-weight ratio, high open…
India Lithium ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
The lithium-ion batteries market in India is expected to grow significantly in the next five years. Some of the important initiatives by the Government of India that will accelerate the growth of this market are National Electric Mobility Mission Plan 2020, with a projection of getting 6-7 million electric vehicles on Indian roads by 2020 and a target of 175 GW installation of renewable energy by 2022.
Beyond consumer electronics, lithium-ion…
Motorcycle Batteries Market Growing Up By Type: Lithium-ion Batteries, Lead-acid …
Acumen Research and Consulting has announced the addition of the "Motorcycle Batteries Market” report to their offering.
The Motorcycle Batteries Market Report 2018 is an in depth study analyzing the current state of the Motorcycle Batteries Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Motorcycle Batteries Market provides analysis of China market covering the industry trends, recent…
AGM batteries compared with lithium-ion batteries, increasing demand for high po …
The global AGM battery market size is estimated to grow from USD 10.2 billion in 2019 to USD 13.9 billion by 2025; it is expected to grow at a CAGR of 5.3%. The growth of this market is expected to be driven by the inherent benefits of AGM batteries such as their maintenance free & non-spillable nature, upsurge in renewable energy investments, increasing demand for energy storage solutions for high-current…
