Press release
Lead Acid Battery Market to Reach USD 106.3 Billion by 2035 | Furukawa Electric Co. Ltd., Hoppecke Batterien GmbH & Co. KG, Exide Industries
Browse for Full Report: https://www.factmr.com/report/4555/lead-acid-battery-market
Why Is the Market Expanding?
The automotive sector, with global vehicle production reaching 85 million units in 2024, drives demand for lead-acid batteries, particularly for starting, lighting, and ignition (SLI) applications, accounting for 60% of market revenue. The telecom industry, expanding by 6% annually due to 5G rollouts, relies on lead-acid batteries for backup power, with 80% of telecom towers using them in 2024. Renewable energy storage, with solar and wind capacity growing by 10% globally, boosts adoption for off-grid systems, especially in Asia-Pacific. Lead-acid batteries' 95% recyclability rate aligns with circular economy goals, while their low cost (USD 50-150 per unit vs. USD 300-1,000 for lithium-ion) ensures competitiveness. Innovations like Exide's 2024 enhanced flooded batteries (EFBs) improve lifespan by 20%. Challenges, such as lithium-ion competition, are mitigated by established recycling infrastructure and cost advantages.
What Are the Key Market Projections?
The market is set to create an absolute dollar opportunity of USD 42.9 billion by 2035, growing from USD 63.4 billion in 2025 to USD 106.3 billion at a 5.3% CAGR. The SLI battery segment, holding a 55% share in 2025, is projected to grow at a 5.5% CAGR, generating USD 23 billion in opportunities due to automotive demand. Asia-Pacific, with a 45% share in 2025, leads with a 6.0% CAGR, driven by China's 30 million vehicle production and India's renewable energy investments. North America, growing at a 4.8% CAGR, benefits from telecom and industrial applications. Historical growth from 2020 to 2024 averaged a 4.9% CAGR, with steady momentum expected. Short-term growth (2025-2028) focuses on automotive and telecom, while long-term trends (2029-2035) emphasize renewable energy storage.
How Can Stakeholders Capitalize on Opportunities?
Stakeholders in automotive, telecom, and renewable energy sectors can leverage opportunities by investing in advanced lead-acid technologies, like Clarios' 2024 absorbent glass mat (AGM) batteries for hybrid vehicles, offering 15% better performance. Partnerships, such as GS Yuasa's 2023 collaboration with Asian telecom providers, enhance market reach. Targeting Asia-Pacific, projected to account for USD 48 billion by 2030, and focusing on recycling programs, which recovered 1.7 million tons of batteries in 2024, ensures sustainability. Direct sales and aftermarket services, contributing 70% of revenue in 2025, provide scalability. Compliance with EPA and EU REACH standards strengthens market trust, while cost-effective EFBs address price-sensitive markets.
What Does the Report Cover?
Fact.MR's report analyzes the Lead Acid Battery Market across 30+ countries, covering segments by product (flooded, enhanced flooded, valve-regulated lead-acid [VRLA], absorbent glass mat [AGM], gel), application (automotive [SLI, motive], stationary [telecom, UPS, renewable energy]), and region (North America, Latin America, Europe, East Asia, South Asia & Oceania, Middle East & Africa). It highlights trends like EFB and AGM advancements, recycling initiatives, and renewable energy integration. Combining primary research from industry experts and secondary data, the report provides actionable insights into market dynamics, competitive strategies, and growth opportunities through 2035.
Want a Sample Before Buying? Download Free Sample: https://www.factmr.com/connectus/sample?flag=S&rep_id=4555
Who Are the Market Leaders?
Key players include Exide Industries, Clarios, GS Yuasa Corporation, EnerSys, and East Penn Manufacturing. Exide's 2024 EFB launch strengthened its automotive portfolio, while Clarios' 2023 AGM batteries gained traction in telecom. These companies, holding over 50% of the market, drive innovation through R&D and partnerships, such as EnerSys' 2024 collaboration with solar firms in India. Regional players like Amara Raja Batteries focus on cost-effective solutions for Asia-Pacific, enhancing competitiveness. Strategic acquisitions, like Johnson Controls' 2023 expansion of recycling facilities, bolster market presence.
What Are the Latest Market Developments?
In 2024, global automotive sales reached 88 million units, boosting SLI battery demand by 7%. Telecom infrastructure investments, valued at USD 300 billion, increased backup battery adoption by 10%. Asia-Pacific's dominance, with China and India contributing 65% of regional demand, is driven by renewable energy projects worth USD 200 billion. Innovations like GS Yuasa's 2024 high-durability VRLA batteries improved telecom reliability by 12%. Recycling rates reached 97% in Europe, supporting sustainability. Regulatory advancements, such as the EU's 2024 Battery Regulation, accelerated eco-friendly battery adoption by 15%.
What Challenges and Solutions Exist?
Competition from lithium-ion batteries, with a 20% higher energy density, and environmental concerns over lead handling, affecting 10% of production, pose challenges. High recycling costs (USD 20-50 per ton) and supply chain disruptions, impacting 15% of raw materials in 2024, hinder growth. Solutions include advanced recycling technologies, reducing costs by 10%, and hybrid lead-acid designs, like EnerSys' 2024 models, bridging performance gaps. Localized production in Asia-Pacific, adopted by 20% of manufacturers, mitigates supply risks. Compliance with RoHS and UN standards ensures environmental safety, while educational campaigns boost recycling awareness.
Conclusion:
The Global Lead Acid Battery Market is set to reach USD 106.3 billion by 2035, driven by a 5.3% CAGR. With robust demand in automotive, telecom, and renewable energy, coupled with cost efficiency and recyclability, the market offers significant opportunities. Stakeholders can leverage Fact.MR's insights to target high-growth regions like Asia-Pacific, invest in advanced and sustainable solutions, and address competitive and environmental challenges to thrive in this essential industry.
Check out More Related Studies Published by Fact.MR Research:
Automotive Lead Acid Battery Market: https://www.factmr.com/report/4626/automotive-lead-acid-battery-market
Fire Alarm Battery Market: https://www.factmr.com/report/595/fire-alarm-battery-market
Central Battery Systems Market: https://www.factmr.com/report/2593/central-battery-systems-market
Lithium-Ion Battery Pack Market: https://www.factmr.com/report/3120/lithiumion-battery-pack-market
Electric Vehicle (EV) Battery Market: https://www.factmr.com/report/3587/electric-vehicle-battery-market
Industrial Battery Chargers Market: https://www.factmr.com/report/3758/industrial-battery-charger-market
Lithium-ion Battery Cathode Market: https://www.factmr.com/report/3816/lithium-ion-battery-cathode-market
Solar Battery Market: https://www.factmr.com/report/5083/solar-battery-market
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com
About Us:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.
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 Lead Acid Battery Market to Reach USD 106.3 Billion by 2035 | Furukawa Electric Co. Ltd., Hoppecke Batterien GmbH & Co. KG, Exide Industries here
News-ID: 4125103 • Views: …
More Releases from Fact.MR
Aerostructure Equipment Market to Grow at 1.5% CAGR Through 2027 | Key Players: …
The global Aerostructure Equipment Market is projected to grow at a CAGR of 1.5% from 2019 to 2027, driven by increased deliveries of commercial aircraft worldwide. Valued at approximately US$ 2.0 billion in 2023, the market is expected to create an absolute dollar opportunity of US$ 300 million by 2027. Aerostructure equipment, essential for manufacturing and assembling aircraft components like fuselages, wings, and flight control surfaces, supports both commercial and…
Agriculture Drone Services Market to Reach US$ 6.8 Billion by 2033 | Key Players …
The global Agriculture Drone Services Market, valued at US$ 893.0 million in 2023, is projected to reach US$ 6,795.6 million by 2033, driven by an impressive CAGR of 22.5%. Fueled by the rise of precision agriculture, advancements in drone technology, and increasing demand for sustainable farming, agriculture drone services are transforming crop management with enhanced efficiency and data-driven insights. This press release explores the key drivers, projections, and opportunities shaping…
Europe Plastic Recycling Machine Market Will Hit US$ 650.2 Million by 2033 | Key …
The Europe Plastic Recycling Machine Market, valued at US$ 450.3 million in 2023, is projected to reach US$ 650.2 million by 2033, driven by a steady CAGR of 3.7%. Fueled by stringent environmental regulations, rising plastic waste, and demand for recycled materials in packaging and automotive sectors, plastic recycling machines are pivotal for advancing Europe's circular economy. This press release explores the key drivers, projections, and opportunities shaping this critical…
Olefin Block Copolymers Market to Reach US$ 414.5 Million by 2033 | Key Players: …
Olefin Block Copolymers Market, valued at US$ 240.3 million in 2023, is projected to reach US$ 414.5 million by 2033, driven by a robust CAGR of 5.6%. Fueled by growing demand for lightweight, durable, and sustainable materials in automotive, packaging, and construction sectors, olefin block copolymers (OBCs) offer superior flexibility, impact resistance, and recyclability. This press release explores the key drivers, projections, and opportunities shaping this dynamic industry.
Browse Full Report:…
More Releases for USD
Chlorella Market Reach USD 465.85 Million USD by 2030
Market Growth Fueled by Increased Adoption of Plant-Based Proteins and Health Supplements
Global Chlorella Market size was valued at USD 303.75 Mn. in 2023 and the total Chlorella revenue is expected to grow by 6.3 % from 2024 to 2030, reaching nearly USD 465.85 Mn. . The growth of the market is majorly due to increase in the consumer awareness about health, the inclination towards plant-based food such as chlorella and…
Bamboo Clothing Market: USD 1.83B to USD 3.27B by 2030
Bamboo Clothing Market Poised for Robust Growth with Sustainability and Eco-Friendly Trends Driving Demand
The global bamboo clothing market is experiencing substantial growth, spurred by a significant shift towards sustainable fashion and eco-friendly materials. As consumers become increasingly conscious of their environmental impact, bamboo fabric-known for its natural, biodegradable properties-is gaining popularity in the fashion industry. This market is expected to continue its upward trajectory, driven by rising demand for eco-conscious…
Biometrics Market: "Biometrics: USD 34.3B to USD 112.4B by 2031"
Biometrics Market Market Scope:
Key Insights : Biometrics Market size was valued at USD 34.3 billion in 2022 and is poised to grow from USD 39.1 billion in 2023 to USD 112.4 billion by 2031, growing at a CAGR of 14.1% during the forecast period (2024-2031).
Discover Your Competitive Edge with a Free Sample Report :https://www.skyquestt.com/sample-request/biometrics-market
Access the full 2024 Market report for a comprehensive understanding @https://www.skyquestt.com/report/biometrics-market
In-Depth Exploration of the global Biometrics…
Advanced (3D/4D) Visualization Systems Market Size, Trends, Growth, Share to sur …
Fatpos Global has carefully studied specific areas, such as application and product type, in the global Advanced (3D/4D) Visualization Systems Market research study. During the predicted period of 2022 to 2032, each kind gives data on sales. The Advanced (3D/4D) Visualization Systems Market analysis examines into the characteristics and financials of the leading participants.
As per the analysis research report, the Advanced (3D/4D) Visualization Systems Market to…
$100,000,000 USD job contract for travel - $3,000,000 USD referral commission.
Khoja Consultants invites companies, teams or venture capitalists for a $100,000,000 USD contract for travel. The selected company will be providing all accommodations and expenses for a 6-month long business trip around the world. Khoja Consultants expects five-star treatment including close security with private planes, hotels, secured vehicles and helicopters if necessary. More details on the job contract and application are provided at - www.KhojaConsultants.com.
There is a $3,000,000…
IOT Solutions Market worth USD 553.9 million USD by 2026
"The global IoT solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa."
These days many businesses are adopting a market research report…
