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Global Lead Acid Battery Market Share, Analysis, Trends, Forecast: By Technology: Flooded, VRLA (Valve Regulated Lead-acid); By Product: SLI Batteries, Stationary Batteries, Portable Batteries; By End Use: Automotive, Utility, Industrial, Commercial and Residential; Regional Analysis; Market Dynamics; Competitive Landscape; 2023-2028
Global Lead Acid Battery Market Outlook
The global market size for lead acid battery reached a value of more than USD 37.85 billion in 2021. The global lead acid battery market is expected to grow at a CAGR of 4.50% between 2023 and 2028.
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Key Trends in the Market
Lead acid battery is a rechargeable battery technology that comprises of two electrodes immersed in an electrolyte of a sulphuric acid. They are used for various applications including large grid-scale power systems and small-scale power storage such as starting lighting, UPS systems, and ignition power sources for automobile. It is called a lead acid battery because it uses lead and sulphuric acid to function.
- Increasing investments in the enterprise cloud computing with expansion of data centres globally is expected to contribute to the growth of the lead acid battery market. This is due to the increased need for large-scale and uninterrupted power for data centres.
- Advancements in lead acid batteries such as safety, low cost, brilliant recycling capabilities, and improved performance are increasing its demand from various sectors thereby helping in the growth of the overall market.
- The telecom sector is adopting the use of lead acid batteries at a fast rate because they offer enough power to support the large telecom load required. Lead acid batteries also have very low maintenance costs increasing its demand.
Market Analysis
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Based on technology, the lead acid battery market can be bifurcated into flooded and VRLA (Valve Regulated Lead-acid). By product, the market is divided into SLI batteries, stationary batteries, and portable batteries. On the basis of end use, the market is segmented into automotive, utility, industrial, and commercial and residential. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global lead acid battery market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Panasonic Corporation
- Exide Industries Ltd
- GS Yuasa International Ltd.
- Hankook & Company Co., Ltd.
- HOPPECKE Batteries, Inc
- Clarios
- Others
Market Share by Technology
VRLA (valve regulated lead acid) batteries are projected to have a larger market share because they are more advanced than flooded batteries and also tend to have a longer life cycle with brilliant performance levels. The major difference that allows the VRLA segment to have a larger share is in the oxygen recombination mechanism that eliminates the need to add water to valve regulated lead acid battery, simplifying operations. In comparison to other batteries such as nickel cadmium and lithium ion, lead acid batteries are more cost effective and hence are preferred over other batteries.
Market Share by Region
The Asia Pacific has been dominating the lead acid battery market and is expected to do the same in the forecast period because of increasing sales of electric vehicles. Lead acid batteries are preferred for electric vehicle applications due to their cost-efficiency, low-cost energy storage capability, and reliability. Moreover, energy storage applications in the industrial sectors in the Asia Pacific region is also subjected to fuel the market growth rapidly.
Developed industrial sectors and presence of major leading automobile companies such as Ford and Toyota are a major factor for the growth of the market in the North America region.
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Competitive Landscape
Panasonic Corporation is an industrial conglomerate company whose motto is ‘A better life, A better world’. It has its headquarter in Osaka, Japan and was founded in 1918. It manufactures electronics such as home appliances, and industrial equipment, among other products. It also provides business solutions, audio video solutions, supply chain management, and various other services to its customers globally.
Exide Industries Ltd. was established in 1947 and is headquartered in West Bengal in India. It is a multinational battery selling company that manufactures lead-acid batteries for use in industrial and automotive sectors. Some of its products include inverter batteries, institutional UPS batteries, genset batteries, e-rickshaw vehicles, and submarine batteries, among others. It also provides solar solutions to the customers with an aim to contribute to sustainable goals.
Clarios was founded in 1885 and is based in Wisconsin, United States. It is a motor vehicle manufacturing company which develops, creates, and distributes advanced battery technologies for all types of vehicles and continue to expand and create more in order to fulfil customer’s demand. It believes in providing energy storage solutions to customers from all around the globe.
Other market players include GS Yuasa International Ltd., Hankook & Company Co., Ltd., and HOPPECKE Batteries Inc, among others.
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:
|
| Breakup by Technology |
|
| Breakup by Product |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| 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 Regional
7 Opportunities and Challenges in the Market
8 Global Lead Acid Battery Market Analysis
8.1 Key Industry Highlights
8.2 Global Lead Acid Battery Historical Market (2018-2022)
8.3 Global Lead Acid Battery Market Forecast (2023-2028)
8.4 Global Lead Acid Battery Market by Technology
8.4.1 Flooded
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 VRLA (Valve Regulated Lead-acid)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Lead Acid Battery Market by Product
8.5.1 SLI Batteries
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 Stationary Batteries
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 Portable Batteries
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Lead Acid Battery Market by End Use
8.6.1 Automotive
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 Utility
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 Industrial
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 Commercial and Residential
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.7 Global Lead Acid Battery Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America 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 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 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 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 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 Value Chain Analysis
16 Trade Data Analysis (HS Code - 850710, 850720)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Panasonic Corporation
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Exide Industries Ltd
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 GS Yuasa International Ltd.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Hankook & Company Co., Ltd.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 HOPPECKE Batteries, Inc
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Clarios
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Figures and Tables
1. Global Lead Acid Battery Market: Key Industry Highlights, 2018 and 2028
2. Global Lead Acid Battery Historical Market: Breakup by Technology (USD Million), 2018-2022
3. Global Lead Acid Battery Market Forecast: Breakup by Technology (USD Million), 2023-2028
4. Global Lead Acid Battery Historical Market: Breakup by Product (USD Million), 2018-2022
5. Global Lead Acid Battery Market Forecast: Breakup by Product (USD Million), 2023-2028
6. Global Lead Acid Battery Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Lead Acid Battery Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Lead Acid Battery Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Lead Acid Battery Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Lead Acid Battery Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Lead Acid Battery Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Lead Acid Battery Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Lead Acid Battery Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Lead Acid Battery Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Lead Acid Battery Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Lead Acid Battery Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Lead Acid Battery Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Lead Acid Battery Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Lead Acid Battery Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Lead Acid Battery Market Structure
Key Questions Answered in the Report
The global market size for lead acid batteries reached a value of more than USD 37.85 billion in 2021.
The market is expected to grow at a CAGR of 4.50% between 2023 and 2028.
The major market drivers include reduced cost and improved reliability of lead acid batteries, and their increasing use in the automotive sector.
The key trends of the market are increasing investments, technological advancements, and growing use in the telecom sector.
Key market players include Panasonic Corporation, Exide Industries Ltd., GS Yuasa International Ltd., Hankook & Company Co., Ltd., HOPPECKE Batteries Inc, and Clarios, among others.
A lead acid battery is a rechargeable battery that comprises of two electrodes immersed in an electrolyte of a sulphuric acid.
There are various end uses of lead acid batteries, including automotive, utility, industrial, and commercial and residential.
The global lead acid battery market is segmented based on technology, product, end use, and region.
It is called a lead acid battery because it uses lead and sulphuric acid to operate.
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