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Lead Acid Battery Market Size, Share, Top Key Players, Growth, Trend and Forecast Till 2027 | Reports and Data

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Lead Acid Battery Market Size, Share, Top Key Players, Growth, Trend and Forecast Till 2027 | Reports and Data

February 15
15:10 2021
Lead Acid Battery Market Size, Share, Top Key Players, Growth, Trend and Forecast Till 2027 | Reports and Data
The growing demand for renewable and cost-effective energy & power and increasing commercial applications of lead acid batteries drive the market growth

Market Size – USD 65.07 Billion in 2019, Market Growth – CAGR of 5.4%, Market Trends – Fast-paced industrialization across the emerging countries across the world

The global lead acid battery market is expected to be valued at USD 100.46 Billion in 2027 fromUSD 65.07 Billion in 2019, registering a CAGR of 5.4% through the forecast period. A lead acid battery is an energy storage system that is composed of lead-dioxide cathode, sulfuric acid solution electrolyte, and sponge metallic lead anode. These batteries are resistant to corrosion and have a low discharge rate and large electrolyte reserves. Lead acid batteries are rechargeable and more cost-efficient than the latest battery technologies, with low maintenance and higher power delivery. The VRLA (valve regulated lead acid) batteries are among the most commonly used. Due to their high-power density and easy installation process, the VRLA batteries find significant application in off-grid power systems and portable electrical devices.

The global lead acid battery market has gained significant momentum over the last few years, owing to the increasing applications of lead acid batteries in the telecommunication, automotive, construction, energy storage, oil & gas, chemical, pharmaceutical industries. A significant surge in the sales of electric vehicles (EVs) due to growing environmental concerns has boosted the demand for lead acid batteries, thereby fueling the market growth. The other major driving forces for the global lead acid battery market are the rapidly growing demand for renewable energy sources, the increasing need for cost-effective battery storage solutions in the telecommunication sector, the developing data center infrastructure, and extensive usage in UPS (uninterrupted power source) systems. Moreover, rapid industrialization, augmenting demand for off-grid power generation, and the flourishing automotive sector further drive the market growth.


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Key findings of the report:

  • Based on product type, the motive/traction battery sub-segment, which accounted for a significant 35% share of the market by 2019, is poised to lead the market in terms of revenue over the forecast period. The motive/traction lead acid batteries are widely deployed in electric bikes, forklifts, industrial trucks, minivans, and various other vehicles. The stationary sub-segment is foreseen as the fastest-growing segment in the global lead acid battery market. The stationary lead acid batteries are utilized in power backup systems, renewable energy storage systems, and emergency lighting.
  • The Asia Pacific region is expected to dominate the global lead acid battery market over the projected timeframe, retaining the largest revenue share of 32% at a 6.7% CAGR. The growth of the Asia Pacific market is primarily accredited to the speedy industrialization across the region, rise in investments in automotive production facilities, and expanding telecommunication industry.
  • Leading market competitors include Johnson Controls, Amara Raja Batteries Ltd., East Penn Manufacturing Co., Exide Technologies, GS Yuasa Corp, ATLASBX Co. Ltd., Crown Battery Manufacturing, Leoch International Technology Ltd., C&D Technologies, Inc., and Narada Power Source Co. Ltd.
  • In June 2020, Amara Raja Batteries Ltd. (ARBL), the largest lead acid battery manufacturer in India, partnered with the leading energy storage technology platform, Gridtential Energy, to develop advanced, high-performance lead acid batteries based on the Silicon Joule bipolar technology.


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https://www.reportsanddata.com/report-detail/lead-acid-battery-market

For the purpose of this report, the global lead acid battery market has been segmented on the basis of product type, construction method, application, end-user industry, sales channel, and region:

By Product Type (Revenue, USD Million; 2017-2027)

  • Stationary Battery
  • Motive/Traction Battery
  • SLI (Starting, Lighting, and Ignition) Battery

By Construction Method (Revenue, USD Million; 2017-2027)

  • VRLA (Value Regulated Lead Acid)
  • Flooded

By Application (Revenue, USD Million; 2017-2027)

  • Control & Switchgear
  • Electric Vehicles
  • UPS
  • Grid Storage
  • Fork Lifts

By End-user Industry (Revenue, USD Million; 2017-2027)

  • Telecommunication
  • Residential
  • Commercial
  • Marine
  • Oil & Gas

By Sales Channel (Revenue, USD Million; 2017-2027)

  • Original Equipment Manufacturers (OEMs)
  • Aftermarket Sales

By Region (Revenue, USD Million; 2017-2027)

  • North America
    • U.S.
    • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • BENELUX
      • Rest of Europe
      • Asia Pacific
        • China
        • Japan
        • South Korea
        • Rest of Asia Pacific
        • Latin America
          • Brazil
          • Rest of Latin America
          • Middle East & Africa
            • Saudi Arabia
            • U.A.E.
            • Rest of Middle East & Africa

Table Of Content:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics
    3.1. Global rise in automobiles
    3.2. Expansion of Industrial sector
    3.3. Lower cost of lead-acid battery
    3.4. APAC to dominate the market
Chapter 4. Lead Acid Battery Segmentation & Impact Analysis
    4.1. Lead Acid Battery Segmentation Analysis
    4.2. Lead Acid Battery Market Value Chain Analysis, 2016-2026
    4.3. Regulatory framework
    4.4. Lead Acid Battery Market Impact Analysis
           4.4.1. Market driver analysis
                     4.4.1.1. Cost competitive energy storage solution
                     4.4.1.2. Increasing demand for uninterrupted power supply
                     4.4.1.3. Datacenter Infrastructure expansion
                     4.4.1.4. Expansion in automotive industry
                     4.4.1.5. Growth of telecom sector
                     4.4.1.6. Advancement in technology
           4.4.2. Market restraint analysis
                     4.4.2.1. Increasing application of Lead-Ion Batteries
                     4.4.2.2. Stringent government regulations

Continue…

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