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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; 2024-2032
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 2024-2032. With demand for energy storage to expectedly rise, the demand for lead acid batteries is likely to increase.
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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
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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
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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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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 (2018-2023)
8.3 Global Lead Acid Battery for Energy Storage Market Forecast (2024-2032)
8.4 Global Lead Acid Battery for Energy Storage Market by Type
8.4.1 Utility Owned
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Custom Owned
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Third Party Owned
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Lead Acid Battery for Energy Storage Market by Application
8.5.1 Micro grid
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Household
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Industrial
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Military
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Lead Acid Battery for Energy Storage Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Lead Acid Battery for Energy Storage Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Lead Acid Battery for Energy Storage Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Lead Acid Battery for Energy Storage Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Lead Acid Battery for Energy Storage Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Lead Acid Battery for Energy Storage Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 2032
2. Global Lead Acid Battery for Energy Storage Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Lead Acid Battery for Energy Storage Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Lead Acid Battery for Energy Storage Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Lead Acid Battery for Energy Storage Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Lead Acid Battery for Energy Storage Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Lead Acid Battery for Energy Storage Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Lead Acid Battery for Energy Storage Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Lead Acid Battery for Energy Storage Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Lead Acid Battery for Energy Storage Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Lead Acid Battery for Energy Storage Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Lead Acid Battery for Energy Storage Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Lead Acid Battery for Energy Storage Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Lead Acid Battery for Energy Storage Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Lead Acid Battery for Energy Storage Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Lead Acid Battery for Energy Storage Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Lead Acid Battery for Energy Storage Market Forecast: Breakup by Country (USD Million), 2024-2032
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 2024 and 2032.
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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