24V Lead-Acid Battery Market Expected to Reach Nearly USD 55.34 Billion by 2031 | Chilwee, Camel Group, Clarios

QYResearch A newly published report titled "Global 24V Lead-Acid Battery Market 2025 is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global 24V Lead-Acid Battery market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global 24V Lead-Acid Battery market. With qualitative and quantitative analysis, we help you with thorough and comprehensive research on the global 24V Lead-Acid Battery market. We have also focused on SWOT, PESTLE, and Porter's Five Forces analyses of the global 24V Lead-Acid Battery market.

The global 24V Lead-Acid Battery market was valued at US$ 39.34 billion in 2024 and is anticipated to reach US$ 55.34 billion by 2031, witnessing a CAGR of 5.1% during the forecast period 2025-2031.

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China key players of 24V Lead-Acid Battery include Chilwee, Tianneng Holding Group, Camel Group, LEOCH BATTERY (Jiangsu), Clarios, etc. The top five players hold a share about 75%. In terms of product type, Valve Regulated Lead-Acid Battery is the largest segment, accounting for a share of 70%. In terms of application, Automotive Starter is the largest field with a share about 42 percent.

Featured Companies: -

Clarios
GS Yuasa
EnerSys
CSB Energy Technology
C&D Technologies
Exide Technologies
East Penn Manufacturing
Fiamm
Sebang
Hankook AtlasBX
Amara Raja
Midac Batteries
ACDelco
Banner Batteries
Exide Industries
Chilwee
Tianneng Holding Group
Camel Group
LEOCH BATTERY (Jiangsu)
Shandong Sacred Sun Power Sources
Zhejiang Narada Power Source
Shuangdeng Group
Shenzhen Center POWER Tech
Fengfan
Coslight Group

Companies are selected based on parameters such as: -

> Revenue generation
> Manufacturing facilities
> R&D investments
> Market share and innovation pipeline
> Geographical presence

Market Drivers:-

24V Lead-Acid Battery market drivers include a few key factors include growing consumer demand for the product, successful marketing tactics in new states, and large investments in product development. Easy access to competitors is one of the main issues facing the 24V Lead-Acid Battery business. Another hurdle to the 24V Lead-Acid Battery market is the low cost of substitutes. Businesses think they can get past this barrier, though, by controlling prices and introducing chemicals, specialty chemicals, polymers, metals, ceramics, composites, and advanced materials sector, which will increase consumer demand for their products. Furthermore, in order to minimise dangers, modify their plans, and continue operating, market participants must face substantial challenges. Consequently, companies will be able to effectively allocate their resources without compromising timely market supply or product quality.

24V Lead-Acid Battery Market Trends:

24V Lead-Acid Battery The pre- and post-period regulatory situation plays an important role in shaping market dynamics. As governments introduce and refine regulations governing the production, distribution, and sale of 24V Lead-Acid Battery products, businesses must navigate complex compliance requirements to ensure lawful operations. Regulatory clarity and consistency are key factors that positively impact markets, providing certainty for businesses and giving people confidence in product safety and quality standards. Additionally, regulatory developments such as the approval of 24V Lead-Acid Battery chemical and material products and the establishment 24V Lead-Acid Battery of cultivation programs are opening up new opportunities for market expansion while setting standards for best practices in the industry.

Detailed of 24V Lead-Acid Battery Market Segmentation: -

Our market analysts are experts in deeply segmenting the global 24V Lead-Acid Battery market and thoroughly evaluating the growth potential of each and every segment studied in the report. Right at the beginning of the research study, the segments are compared on the basis of consumption and growth rate for a review period of nine years. The segmentation study included in the report offers a brilliant analysis of the global 24V Lead-Acid Battery market, taking into consideration the market potential of different segments studied. It assists market participants to focus on high-growth areas of the global 24V Lead-Acid Battery market and plan powerful business tactics to secure a position of strength in the industry.

Segmentation By Type :-

Valve Regulated Lead-Acid Battery
Flooded Lead-acid Battery

Segmentation By Application : -

Automotive Starter
Motorcycles and Electric Bikes
Forklifts and Other Vehicles
Communication Industry
UPS
Others

Regional Insights -

The authors of the report have analyzed both developing and developed regions considered for the research and analysis of the global 24V Lead-Acid Battery market. The regional analysis section of the report provides an extensive research study on different regional and country-wise 24V Lead-Acid Battery markets to help players plan effective expansion strategies. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries. Players can use this study to explore untapped 24V Lead-Acid Battery markets to extend their reach and create sales opportunities.

United States

-Canada
-Mexico
-Brazil

APAC

-Japan
-South Korea
-China
-ASEAN
-India

EMEA

-Europe
-Middle East
-Africa

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Key Features Of The Study:-

ᗒ This report provides in-depth analysis of the global 24V Lead-Acid Battery market, and provides market size (us$ million) and cagr for the forecast period (205-2031), considering 2023 as the base year.

ᗒ This report profiles key players in the global 24V Lead-Acid Battery market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, 24V Lead-Acid Battery sales data, market share and ranking.

ᗒ This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.

ᗒ This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.

ᗒ The global 24V Lead-Acid Battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Table of Contents with Major Points:

Executive Summary
1.1. Market Analysis
1.2. Global & Segmental Market Estimates & Forecasts, 2025-2031 (USD Billion)
1.2.1. 24V Lead-Acid Battery Market, by Region, 2025-2031 (USD Billion)
1.2.2. 24V Lead-Acid Battery Market, by Type, 2025-2031 (USD Billion)
1.2.3. 24V Lead-Acid Battery Market, by Application, 2025-2031 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Global 24V Lead-Acid Battery Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Global Market Dynamics
3.1. 24V Lead-Acid Battery Market Impact Analysis (2025-2031)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities

Global Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2025-2031)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

Global Market, by Type
5.1. Market Analysis
5.2. Global 24V Lead-Acid Battery Market by Type, Performance - Potential Analysis
5.3. Global 24V Lead-Acid Battery Market Estimates & Forecasts by Type 2025-2031 (USD Billion)
5.4. 24V Lead-Acid Battery Market, Sub-Segment Analysis

Global Market, by Application
6.1. Market Analysis
6.2. Global 24V Lead-Acid Battery Market by Application, Performance - Potential Analysis
6.3. Global 24V Lead-Acid Battery Market Estimates & Forecasts by Application 2025-2031 (USD Billion)
6.4. 24V Lead-Acid Battery Market, Sub-Segment Analysis
6.4.1. Others

7. Regional Analysis

7.1. 24V Lead-Acid Battery Market, Regional Market Analysis
7.2. North America 24V Lead-Acid Battery Market
7.3. Europe 24V Lead-Acid Battery Market Analysis
7.4. Asia-Pacific 24V Lead-Acid Battery Market Analysis
7.5. Latin America 24V Lead-Acid Battery Market Analysis
7.6. Rest of The World 24V Lead-Acid Battery Market

Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Key player 1
8.2.1.1. Key In Durationation
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments

Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes.

Important questions answered in the report includes of:

ᗒ How will the market for the 24V Lead-Acid Battery Market industry grow in 2025?

ᗒ Which well-known major companies will drive the market's growth?

ᗒ Which size of business held the biggest market share for data centre?

ᗒ What is the market's Compound Annual Growth Rate (CAGR) for the 2025-2031 forecast period?

ᗒ What is the primary factor driving the market's expansion?

ᗒ In the market, which region held the highest market share?

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