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Global Lead Acid Battery for Energy Storage Market Share, Size, Growth, Trends, Analysis, Forecast: By Type: Utility Owned, Custom Owned, Third Party Owned; By Application: Micro grid, Household, Industrial, Military; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

Global Lead Acid Battery for Energy Storage Market Outlook

The global lead acid battery for energy storage market is expected to expand at a CAGR of 3.3% during 2023-2028. With demand for energy storage to expectedly rise, the demand for lead acid batteries is likely to increase.

 

Different bodies are engaged in research to find ways to significantly increase the cycle life of advanced lead batteries. As nations follow low carbon and electrification policies, the demand for lead acid battery technology is also likely to increase, and new forms of lead acid battery technology are likely to be introduced. Europe, Asia, and North America are likely to be significant markets. 

 

Global Market Likely to be Driven by Rising Demand for Energy Storage

A lead acid battery system is founded on electrochemical discharge/charge reactions occurring between a negative and a positive electrode. Important elements include 2V cell comprising an assembly of electrolytes, electrodes and separators, 4/6/12/… V mono-blocks comprising cells in serial assembly, battery systems comprising a large assembly of cells or modules PCS. 

 

Lead Acid Batteries Have Significant Potential for Applications of Advanced Technology

While lead acid batteries have been used for almost a century, these batteries still have much potential for applications of advanced technology. Addition of sophisticated additives to active materials and lower resistance models is being done to enhance specific power. Process improvement and automation are being carried out to realise cost reductions. To enhance cycle life, design enhancements (like better corrosion-resistant alloy material and intelligent battery management which entails novel charging strategies) are being implemented. Novel and advanced lead acid concepts are also being formed. Such developments are expected to boost the global lead acid battery for energy storage market.

 

Lead Acid Batteries Have Wide Acceptance in Europe

Europe has an established lead acid manufacturing base. These batteries offer effectual performance at lower investment costs; this is a key reason for their wide acceptance through Europe in off-grid and grid-connected applications. Lead acid batteries also have a relatively higher collection and recycling rate in Europe. Lead acid batteries are employed in multiple projects across the globe. Such factors are expected to stimulate the global lead acid battery for energy storage market.

 

Lead Acid Batteries Have Many Applications

Apart from small portable and mobile systems, lead acid technology has uses in many applications, including stationary stand-by & UPS motive power applications (like those in forklifts) starter batteries (for example, SLI) warranting high power at lower temperatures. 

 

Modern lead batteries already assist the transition to electric vehicles through mild-hybrid and micro cars. Almost all EVs use lead batteries for vital back-up and safety functions. 

 

Such applications are expected to drive the global lead acid battery for energy storage market.

 

Market Segmentation

By type, the market is segmented into:

  • Custom Owned
  • Utility Owned
  • Third Party Owned

 

By application, the market is divided into:

  • Micro grid
  • Household
  • Industrial
  • Military

 

By region, the market is classified into:

  • North America
  • Middle East and Africa
  • Asia Pacific
  • Europe
  • Latin America

 

Key Industry Players in the Market

The report extensively gauges key players in the global lead acid battery for energy storage market; it monitors their capacity and newest occurrences like mergers and acquisitions, capacity expansions, and plant turnarounds:

 

  • East Penn Manufacturing Company
  • Narada Asia Pacific Pte. Ltd.
  • Amara Raja Batteries Ltd.
  • Leoch International Technology Limited
  • Enersys
  • GS Yuasa International Ltd.
  • FIAMM Energy Technology S.p.A.
  • Exide Industries Limited
  • Others

 

Through Porter’s Five Forces model and SWOT analysis, the EMR report offers deep insights into the industry.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Region
Breakup by Type
  • Utility Owned
  • Custom Owned
  • Third Party Owned
Breakup by Application
  • Micro grid
  • Household
  • Industrial
  • Military
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Enersys
  • Exide Industries Limited
  • East Penn Manufacturing Company
  • Narada Asia Pacific Pte. Ltd.
  • Amara Raja Batteries Ltd.
  • Leoch International Technology Limited
  • GS Yuasa International Ltd.
  • FIAMM Energy Technology S.p.A.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions   
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments  
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Region
7    Opportunities and Challenges in the Market
8    Global Lead Acid Battery for Energy Storage Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Lead Acid Battery for Energy Storage Historical Market (2018-2022) 
    8.3    Global Lead Acid Battery for Energy Storage Market Forecast (2023-2028)
    8.4    Global Lead Acid Battery for Energy Storage Market by Type
        8.4.1    Utility Owned
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028) 
        8.4.2    Custom Owned 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Third Party Owned
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    8.5    Global Lead Acid Battery for Energy Storage Market by Application
        8.5.1    Micro grid 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Household 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Industrial 
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Military
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
    8.6    Global Lead Acid Battery for Energy Storage Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Lead Acid Battery for Energy Storage Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Lead Acid Battery for Energy Storage Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Lead Acid Battery for Energy Storage Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Lead Acid Battery for Energy Storage Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Lead Acid Battery for Energy Storage Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Enersys
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Exide Industries Limited
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    East Penn Manufacturing Company
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Narada Asia Pacific Pte. Ltd. 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Amara Raja Batteries Ltd.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Leoch International Technology Limited
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    GS Yuasa International Ltd.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    FIAMM Energy Technology S.p.A.
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Lead Acid Battery for Energy Storage Market: Key Industry Highlights, 2018 and 2028
2.    Global Lead Acid Battery for Energy Storage Historical Market: Breakup by Type (USD Million), 2018-2022
3.    Global Lead Acid Battery for Energy Storage Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    Global Lead Acid Battery for Energy Storage Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Global Lead Acid Battery for Energy Storage Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Global Lead Acid Battery for Energy Storage Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Lead Acid Battery for Energy Storage Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Lead Acid Battery for Energy Storage Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Lead Acid Battery for Energy Storage Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Lead Acid Battery for Energy Storage Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Lead Acid Battery for Energy Storage Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Lead Acid Battery for Energy Storage Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Lead Acid Battery for Energy Storage Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Lead Acid Battery for Energy Storage Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Lead Acid Battery for Energy Storage Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Lead Acid Battery for Energy Storage Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Lead Acid Battery for Energy Storage Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Global Lead Acid Battery for Energy Storage Market Structure.

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 3.3% between 2023 and 2028.

The major drivers of the market are rising demand for energy storage, low investment cost, and wide acceptance in a number of grid-related applications.

The key trends guiding the growth of the market include implementation of low carbon and electrification policies and increasing applications of advanced technology.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Custom owned, utility owned, and third party owned are the type of lead acid battery for energy storage in the market.

Micro grid, household, industrial, and military are the various applications in the global lead acid battery for energy storage market.

Lead acid battery for energy storage are safe, reliable, simple to manufacture, and cost-effective.

The major players in the market are East Penn Manufacturing Company, Narada Asia Pacific Pte. Ltd., Amara Raja Batteries Ltd., Leoch International Technology Limited, Enersys, GS Yuasa International Ltd., FIAMM Energy Technology S.p.A., and Exide Industries Limited, among others.

Lead acid battery for energy storage have immense future potential, as research is underway to explore the usage of additives to active lead acid battery materials that can lower resistance and enhance power for improved performance and wider applications.

Lead acid batteries can easily be recycled due to which they can be reused and repurposed, improving the supply chain and disposal of lead acid battery for energy storage.

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