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Global Lead-acid Battery Market

Global Lead-acid Battery Market – Industry Trends and Forecast to 2031

Report ID: MS-1702 |   Energy and Natural Resources |  Last updated: Sep, 2024 |  Formats*:

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The Lead-acid Battery market is experiencing robust expansion, with market size projected to increase from XX billion in 2024 to xx billion by 2031, demonstrating a consistent year-over-year growth rate of 4.6%. Lead-acid Battery Market Size, Share, Competitive Landscape and Trend Analysis Report, by Types (SLI, Motive, Stationary), by applications (Automotive, UPS, Telecom, Others) And regions (North America(United States.Canada.Mexico), South America(Brazil.Argentina.Chile.Rest of South America), Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe), Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific), MEA(Middle East.Africa)) : Industry Forecast and Opportunity Analysis for 2024 - 2031

The market for lead-acid batteries involves the designing, distribution, and sale of rechargeable batteries, with major constituents being lead and sulphuric acid. Such batteries have very wide applications in automobiles, motorcycles, industries, and stationary power systems because of their reliability and cheapness. This market is driven by the needs of the automotive sector, in which lead-acid batteries act as the principal power source for SLI systems. Other applications include renewable energy systems, UPS systems, and other industrial sectors. Overview of the Lead-Acid Battery Market, showcasing key trends, growth factors, and applications in automotive, industrial, and renewable energy sectors

Lead-acid Battery Report Highlights

Report MetricsDetails
Forecast period2019-2031
Base Year Of Estimation2023
Growth RateCAGR of 4.6%
By Product TypeSLI, Motive, Stationary
Key Market Players
  • Crown Battery
  • East Penn
  • Hoppecke
  • EnerSys
  • Exide Industries
  • Teledyne Technologies
  • Hankook AltasBX
  • C&D Technologies
  • NorthStar
  • Hitachi Chemical
By Region
  • North America(United States.Canada.Mexico)
  • South America(Brazil.Argentina.Chile.Rest of South America)
  • Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe)
  • Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific)
  • MEA(Middle East.Africa)

Lead-acid Battery Market Trends

Some fundamental changes are being witnessed in the lead-acid battery market. While, on the one hand, it will retain its majority share in the automotive SLI sector, the lithium-ion batteries are creating problems. The market is being pushed more towards enhancing the performance of the batteries, the extension of lifespan, and technologies related to recycling to a zero effect on the environment. Besides, the use of lead-acid batteries in most ESS systems coupled with renewables is also gaining momentum. Lead-acid batteries have been able to retain their position within the market and continue to succeed over other battery technologies due to their cost, reliability, and application. The industry is making investments in research and development that would boost up the performance of batteries and seek niche market applications.

Lead-acid Battery Market Leading Players

The key players profiled in the report are Crown Battery, East Penn, Hoppecke, EnerSys, Exide Industries, Teledyne Technologies, Hankook AltasBX, C&D Technologies, NorthStar, Hitachi Chemical

Growth Accelerators

The demand for lead-acid batteries is high due to the fact that they feature robust performance with low costs and availability in abundance. They offer reliable power in very diversified applications, from automotive to industrial and renewable energy applications. Growing requirements for backup power, coupled with the increasing need to backup power amid frequent power outages in regions, has supported the growth of the market. The further driver is that the lead-acid batteries are massively used in the starting, lighting, and ignition circuits in the automotive sector. Also, it is the recyclability of lead-acid batteries and their contribution to energy storage systems that have provided an impetus to market growth. The ability of these batteries to store renewable energy with increasing universal expectations for a sustainable future has been in sharp focus and has helped grow demand in the market.

Lead-acid Battery Market Segmentation analysis

The Global Lead-acid Battery is segmented by Type, Application, and Region.
By Type, the market is divided into Distributed SLI, Motive, Stationary . The Application segment categorizes the market based on its usage such as Automotive, UPS, Telecom, Others. Geographically, the market is assessed across key Regions like North America(United States.Canada.Mexico), South America(Brazil.Argentina.Chile.Rest of South America), Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe), Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific), MEA(Middle East.Africa) and others, each presenting distinct growth opportunities and challenges influenced by the regions.

Competitive Landscape

The lead-acid battery market is characterised by the coexistence of large established global players and regional manufacturers. Key industry participants are undertaking technological development, cost reduction, and market expansion-related activities. Intense competition prevails owing to the mature nature of the market and the availability of numerous substitutes. The share of market players would be determined through factors like pricing strategies, product differentiation, and geographic expansion. Advanced lead-acid battery technologies are under way to fight back the challenges from lithium-ion batteries in these applications. Though lead-acid batteries continue to be the leader in the automotive SLI segment, with increasing competition from other next-generation battery chemicals, continuous innovation and product improvement will become necessary to hold their respective positions in the market.

Challenges In Lead-acid Battery Market

Challenges in the lead-acid battery market exist in many ways. Most importantly, new advanced battery technologies, like lithium-ion, make stiff competition since these batteries boast higher energy density and life expectancy. The impact on the market from environmental concerns over the manufacture, use, and disposal of lead acid batteries was negative. Additionally, fluctuating lead prices and strict regulations on lead emissions can dent production costs and profitability. Besides, increased interest in renewable energy and electric vehicles also attracts an increased interest in other battery technologies, thus diverting within the lead-acid sector some part of the demand for batteries in general.

Risks & Prospects in Lead-acid Battery Market

Opportunities in the lead-acid battery market lie with increased application of energy storage solutions in renewable energy systems. Already, advanced lead-acid batteries have found their way into the market with the fast-growing trend towards hybrid and electric vehicles. The reliable and cost-effective backup power required in various sectors, for instance, in telecommunications and data centres, might open up new market avenues. Technology advances relative to the chemistry and design of lead-acid batteries, including the development of AGM and gel technologies, might offer opportunities for new niche markets and further improvements in battery performance and life.

Key Target Audience

Major customers for the lead-acid battery market include automotive manufacturers, original equipment manufacturers, battery distributors, and retailers. The automotive industry again is an end-user for starting, lighting, and ignition systems from the lead-acid battery market. Also, the application involves industrial sectors related to backup power, energy storage, and telecom, data centres, together with renewable energy systems.,, The other target audiences are battery recycling companies, material suppliers, and government regulatory bodies. All these stakeholders have crucial roles in the life cycle of batteries, right from procurement of raw materials to end-of-life management.

Merger and acquisition

The lead-acid storage battery market has been increasingly moving in the direction of mergers and acquisitions lately, with firms looking to gain market share, scale, and increased technological capabilities. Larger companies in the industry have been able to shore up their product portfolios and geographical presence through sensible buyouts of smaller companies. These transactions have involved modern manufacturing plants, R&D facilities, and existing customer relationships. Further, the increasing trend towards developing innovative technologies in batteries and also entering new market segments is working on the autonomous mode. In that respect, strategic partnerships of such a type would help mitigate barriers pertaining to raw material sourcing and recycling or in the transition to more sustainable battery solutions.
Table of content
1: Introduction
  • 1.1 Report description
  • 1.2 Key market segments
  • 1.3 Key benefits to the stakeholders

2: Executive Summary
  • 2.1 Lead-acid Battery- Snapshot
  • 2.2 Lead-acid Battery- Segment Snapshot
  • 2.3 Lead-acid Battery- Competitive Landscape Snapshot

3: Market Overview
  • 3.1 Market definition and scope
  • 3.2 Key findings
    • 3.2.1 Top impacting factors
    • 3.2.2 Top investment pockets
  • 3.3 Porter’s five forces analysis
    • 3.3.1 Low bargaining power of suppliers
    • 3.3.2 Low threat of new entrants
    • 3.3.3 Low threat of substitutes
    • 3.3.4 Low intensity of rivalry
    • 3.3.5 Low bargaining power of buyers
  • 3.4 Market dynamics
    • 3.4.1 Drivers
    • 3.4.2 Restraints
    • 3.4.3 Opportunities

4: Lead-acid Battery Market by Type
  • 4.1 Overview
    • 4.1.1 Market size and forecast
  • 4.2 SLI
    • 4.2.1 Key market trends, factors driving growth, and opportunities
    • 4.2.2 Market size and forecast, by region
    • 4.2.3 Market share analysis by country
  • 4.3 Motive
    • 4.3.1 Key market trends, factors driving growth, and opportunities
    • 4.3.2 Market size and forecast, by region
    • 4.3.3 Market share analysis by country
  • 4.4 Stationary
    • 4.4.1 Key market trends, factors driving growth, and opportunities
    • 4.4.2 Market size and forecast, by region
    • 4.4.3 Market share analysis by country

5: Lead-acid Battery Market by Application / by End Use
  • 5.1 Overview
    • 5.1.1 Market size and forecast
  • 5.2 Automotive
    • 5.2.1 Key market trends, factors driving growth, and opportunities
    • 5.2.2 Market size and forecast, by region
    • 5.2.3 Market share analysis by country
  • 5.3 UPS
    • 5.3.1 Key market trends, factors driving growth, and opportunities
    • 5.3.2 Market size and forecast, by region
    • 5.3.3 Market share analysis by country
  • 5.4 Telecom
    • 5.4.1 Key market trends, factors driving growth, and opportunities
    • 5.4.2 Market size and forecast, by region
    • 5.4.3 Market share analysis by country
  • 5.5 Others
    • 5.5.1 Key market trends, factors driving growth, and opportunities
    • 5.5.2 Market size and forecast, by region
    • 5.5.3 Market share analysis by country

6: Lead-acid Battery Market by Method
  • 6.1 Overview
    • 6.1.1 Market size and forecast
  • 6.2 Flooded
    • 6.2.1 Key market trends, factors driving growth, and opportunities
    • 6.2.2 Market size and forecast, by region
    • 6.2.3 Market share analysis by country
  • 6.3 Valve Regulated Sealed Lead–acid battery (VRLA)
    • 6.3.1 Key market trends, factors driving growth, and opportunities
    • 6.3.2 Market size and forecast, by region
    • 6.3.3 Market share analysis by country

7: Lead-acid Battery Market by Region
  • 7.1 Overview
    • 7.1.1 Market size and forecast By Region
  • 7.2 North America
    • 7.2.1 Key trends and opportunities
    • 7.2.2 Market size and forecast, by Type
    • 7.2.3 Market size and forecast, by Application
    • 7.2.4 Market size and forecast, by country
      • 7.2.4.1 United States
        • 7.2.4.1.1 Key market trends, factors driving growth, and opportunities
        • 7.2.4.1.2 Market size and forecast, by Type
        • 7.2.4.1.3 Market size and forecast, by Application
      • 7.2.4.2 Canada
        • 7.2.4.2.1 Key market trends, factors driving growth, and opportunities
        • 7.2.4.2.2 Market size and forecast, by Type
        • 7.2.4.2.3 Market size and forecast, by Application
      • 7.2.4.3 Mexico
        • 7.2.4.3.1 Key market trends, factors driving growth, and opportunities
        • 7.2.4.3.2 Market size and forecast, by Type
        • 7.2.4.3.3 Market size and forecast, by Application
  • 7.3 South America
    • 7.3.1 Key trends and opportunities
    • 7.3.2 Market size and forecast, by Type
    • 7.3.3 Market size and forecast, by Application
    • 7.3.4 Market size and forecast, by country
      • 7.3.4.1 Brazil
        • 7.3.4.1.1 Key market trends, factors driving growth, and opportunities
        • 7.3.4.1.2 Market size and forecast, by Type
        • 7.3.4.1.3 Market size and forecast, by Application
      • 7.3.4.2 Argentina
        • 7.3.4.2.1 Key market trends, factors driving growth, and opportunities
        • 7.3.4.2.2 Market size and forecast, by Type
        • 7.3.4.2.3 Market size and forecast, by Application
      • 7.3.4.3 Chile
        • 7.3.4.3.1 Key market trends, factors driving growth, and opportunities
        • 7.3.4.3.2 Market size and forecast, by Type
        • 7.3.4.3.3 Market size and forecast, by Application
      • 7.3.4.4 Rest of South America
        • 7.3.4.4.1 Key market trends, factors driving growth, and opportunities
        • 7.3.4.4.2 Market size and forecast, by Type
        • 7.3.4.4.3 Market size and forecast, by Application
  • 7.4 Europe
    • 7.4.1 Key trends and opportunities
    • 7.4.2 Market size and forecast, by Type
    • 7.4.3 Market size and forecast, by Application
    • 7.4.4 Market size and forecast, by country
      • 7.4.4.1 Germany
        • 7.4.4.1.1 Key market trends, factors driving growth, and opportunities
        • 7.4.4.1.2 Market size and forecast, by Type
        • 7.4.4.1.3 Market size and forecast, by Application
      • 7.4.4.2 France
        • 7.4.4.2.1 Key market trends, factors driving growth, and opportunities
        • 7.4.4.2.2 Market size and forecast, by Type
        • 7.4.4.2.3 Market size and forecast, by Application
      • 7.4.4.3 Italy
        • 7.4.4.3.1 Key market trends, factors driving growth, and opportunities
        • 7.4.4.3.2 Market size and forecast, by Type
        • 7.4.4.3.3 Market size and forecast, by Application
      • 7.4.4.4 United Kingdom
        • 7.4.4.4.1 Key market trends, factors driving growth, and opportunities
        • 7.4.4.4.2 Market size and forecast, by Type
        • 7.4.4.4.3 Market size and forecast, by Application
      • 7.4.4.5 Benelux
        • 7.4.4.5.1 Key market trends, factors driving growth, and opportunities
        • 7.4.4.5.2 Market size and forecast, by Type
        • 7.4.4.5.3 Market size and forecast, by Application
      • 7.4.4.6 Nordics
        • 7.4.4.6.1 Key market trends, factors driving growth, and opportunities
        • 7.4.4.6.2 Market size and forecast, by Type
        • 7.4.4.6.3 Market size and forecast, by Application
      • 7.4.4.7 Rest of Europe
        • 7.4.4.7.1 Key market trends, factors driving growth, and opportunities
        • 7.4.4.7.2 Market size and forecast, by Type
        • 7.4.4.7.3 Market size and forecast, by Application
  • 7.5 Asia Pacific
    • 7.5.1 Key trends and opportunities
    • 7.5.2 Market size and forecast, by Type
    • 7.5.3 Market size and forecast, by Application
    • 7.5.4 Market size and forecast, by country
      • 7.5.4.1 China
        • 7.5.4.1.1 Key market trends, factors driving growth, and opportunities
        • 7.5.4.1.2 Market size and forecast, by Type
        • 7.5.4.1.3 Market size and forecast, by Application
      • 7.5.4.2 Japan
        • 7.5.4.2.1 Key market trends, factors driving growth, and opportunities
        • 7.5.4.2.2 Market size and forecast, by Type
        • 7.5.4.2.3 Market size and forecast, by Application
      • 7.5.4.3 India
        • 7.5.4.3.1 Key market trends, factors driving growth, and opportunities
        • 7.5.4.3.2 Market size and forecast, by Type
        • 7.5.4.3.3 Market size and forecast, by Application
      • 7.5.4.4 South Korea
        • 7.5.4.4.1 Key market trends, factors driving growth, and opportunities
        • 7.5.4.4.2 Market size and forecast, by Type
        • 7.5.4.4.3 Market size and forecast, by Application
      • 7.5.4.5 Australia
        • 7.5.4.5.1 Key market trends, factors driving growth, and opportunities
        • 7.5.4.5.2 Market size and forecast, by Type
        • 7.5.4.5.3 Market size and forecast, by Application
      • 7.5.4.6 Southeast Asia
        • 7.5.4.6.1 Key market trends, factors driving growth, and opportunities
        • 7.5.4.6.2 Market size and forecast, by Type
        • 7.5.4.6.3 Market size and forecast, by Application
      • 7.5.4.7 Rest of Asia-Pacific
        • 7.5.4.7.1 Key market trends, factors driving growth, and opportunities
        • 7.5.4.7.2 Market size and forecast, by Type
        • 7.5.4.7.3 Market size and forecast, by Application
  • 7.6 MEA
    • 7.6.1 Key trends and opportunities
    • 7.6.2 Market size and forecast, by Type
    • 7.6.3 Market size and forecast, by Application
    • 7.6.4 Market size and forecast, by country
      • 7.6.4.1 Middle East
        • 7.6.4.1.1 Key market trends, factors driving growth, and opportunities
        • 7.6.4.1.2 Market size and forecast, by Type
        • 7.6.4.1.3 Market size and forecast, by Application
      • 7.6.4.2 Africa
        • 7.6.4.2.1 Key market trends, factors driving growth, and opportunities
        • 7.6.4.2.2 Market size and forecast, by Type
        • 7.6.4.2.3 Market size and forecast, by Application
8: Competitive Landscape
  • 8.1 Overview
  • 8.2 Key Winning Strategies
  • 8.3 Top 10 Players: Product Mapping
  • 8.4 Competitive Analysis Dashboard
  • 8.5 Market Competition Heatmap
  • 8.6 Leading Player Positions, 2022

9: Company Profiles
  • 9.1 Crown Battery
    • 9.1.1 Company Overview
    • 9.1.2 Key Executives
    • 9.1.3 Company snapshot
    • 9.1.4 Active Business Divisions
    • 9.1.5 Product portfolio
    • 9.1.6 Business performance
    • 9.1.7 Major Strategic Initiatives and Developments
  • 9.2 East Penn
    • 9.2.1 Company Overview
    • 9.2.2 Key Executives
    • 9.2.3 Company snapshot
    • 9.2.4 Active Business Divisions
    • 9.2.5 Product portfolio
    • 9.2.6 Business performance
    • 9.2.7 Major Strategic Initiatives and Developments
  • 9.3 Hoppecke
    • 9.3.1 Company Overview
    • 9.3.2 Key Executives
    • 9.3.3 Company snapshot
    • 9.3.4 Active Business Divisions
    • 9.3.5 Product portfolio
    • 9.3.6 Business performance
    • 9.3.7 Major Strategic Initiatives and Developments
  • 9.4 EnerSys
    • 9.4.1 Company Overview
    • 9.4.2 Key Executives
    • 9.4.3 Company snapshot
    • 9.4.4 Active Business Divisions
    • 9.4.5 Product portfolio
    • 9.4.6 Business performance
    • 9.4.7 Major Strategic Initiatives and Developments
  • 9.5 Exide Industries
    • 9.5.1 Company Overview
    • 9.5.2 Key Executives
    • 9.5.3 Company snapshot
    • 9.5.4 Active Business Divisions
    • 9.5.5 Product portfolio
    • 9.5.6 Business performance
    • 9.5.7 Major Strategic Initiatives and Developments
  • 9.6 Teledyne Technologies
    • 9.6.1 Company Overview
    • 9.6.2 Key Executives
    • 9.6.3 Company snapshot
    • 9.6.4 Active Business Divisions
    • 9.6.5 Product portfolio
    • 9.6.6 Business performance
    • 9.6.7 Major Strategic Initiatives and Developments
  • 9.7 Hankook AltasBX
    • 9.7.1 Company Overview
    • 9.7.2 Key Executives
    • 9.7.3 Company snapshot
    • 9.7.4 Active Business Divisions
    • 9.7.5 Product portfolio
    • 9.7.6 Business performance
    • 9.7.7 Major Strategic Initiatives and Developments
  • 9.8 C&D Technologies
    • 9.8.1 Company Overview
    • 9.8.2 Key Executives
    • 9.8.3 Company snapshot
    • 9.8.4 Active Business Divisions
    • 9.8.5 Product portfolio
    • 9.8.6 Business performance
    • 9.8.7 Major Strategic Initiatives and Developments
  • 9.9 NorthStar
    • 9.9.1 Company Overview
    • 9.9.2 Key Executives
    • 9.9.3 Company snapshot
    • 9.9.4 Active Business Divisions
    • 9.9.5 Product portfolio
    • 9.9.6 Business performance
    • 9.9.7 Major Strategic Initiatives and Developments
  • 9.10 Hitachi Chemical
    • 9.10.1 Company Overview
    • 9.10.2 Key Executives
    • 9.10.3 Company snapshot
    • 9.10.4 Active Business Divisions
    • 9.10.5 Product portfolio
    • 9.10.6 Business performance
    • 9.10.7 Major Strategic Initiatives and Developments

10: Analyst Perspective and Conclusion
  • 10.1 Concluding Recommendations and Analysis
  • 10.2 Strategies for Market Potential

Scope of Report
Aspects Details
By Type
  • SLI
  • Motive
  • Stationary
By Application
  • Automotive
  • UPS
  • Telecom
  • Others
By Method
  • Flooded
  • Valve Regulated Sealed Lead–acid battery (VRLA)

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