Lead Acid Battery Market (By Product: SLI, Stationary, Motive; By Construction Method: Flooded, VRLA; By Application) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030

The global Lead Acid Battery market size was estimated at around USD 60.95 billion in 2021 and it is projected to hit around USD 99.88 billion by 2030, growing at a CAGR of 5.64% from 2022 to 2030.

Lead Acid Battery Market Size 2021 to 2030

Report Highlights

  • Starting, Lighting, and Ignition (SLI) batteries contributed to the largest revenue share of the lead-acid battery market in 2021. It is projected to witness sluggish growth over the forecast period.
  • Valve Regulated Lead Acid (VRLA) segment held a 34.91% market share in 2021 and is anticipated to witness the highest growth over the forecast period. 
  • UPS accounted for 10.51% of the global market share in terms of revenue in 2021. The segment is expected to witness the highest CAGR of 7.8% from 2022 to 2030. 
  • Asia Pacific is anticipated to be the most lucrative market in terms of CAGR during the forecast period.

Lead acid batteries are expected to witness a significant rise in demand owing to their increasing usage in various industries including oil and gas, nuclear power, electricity generation, gas turbine, hospitality, transport infrastructure, manufacturing, construction, mining, and off-grid renewable. Moreover, advantages associated with these batteries, such as durability, high voltage capability, low-cost, and simple manufacturing processes are expected to increase the demand.

Lead acid batteries find wide usage in automotive applications including forklifts, golf carts, and industrial cleaners. High usage of lead acid battery in forklifts on account of low cost, reliability, and well-established supply chain of the product, is likely to positively influence the market. The lead acid battery is widely used in automobiles as it delivers high power to start the engine. The superior safety, quality, and recycling process of these batteries are anticipated to augment the market growth over the forecast period.

Starting, Lighting and Ignition (SLI) was the largest product segment and accounted for more than half of global lead acid battery market revenue in 2021. Growing demand for SLI batteries in commercial vehicles and passenger cars is expected to strengthen the segment growth over the forecast period.

Scope of The Report

Report Coverage Details
Market Size in 2021 USD 60.95 billion 
Revenue Forecast by 2030 USD 99.88 billion
Growth rate from 2022 to 2030 CAGR of 5.64%
Base Year 2021
Forecast Period 2022 to 2030
Segmentation Product ,Construction Method ,Application ,Region
Companies Covered

East Penn Manufacturing Co.; Exide Technologies; Johnson Controls; ATLASBX Co. Ltd.; NorthStar; C&D Technologies, Inc.; Narada Power Source Co., Ltd.; Amara Raja Corporation GS Yuasa Corp; Crown Battery Manufacturing; and Leoch International Technology Ltd.A

 

Product Insights

Starting, Lighting, and Ignition (SLI) batteries contributed to the largest revenue share of the lead-acid battery market in 2021. It is projected to witness sluggish growth over the forecast period, due to higher demand for other types of products including stationery and motive. However, increasing demand in applications requiring high power including automotive is anticipated to positively influence the segment growth.

Increasing vehicle manufacturing, particularly in China, Japan, India, Brazil, Mexico, South Korea, and the U.S. is expected to promote expansion over the forecast period. For instance, In October 2022, Amara Raja Batteries signed an agreement with Johnson Controls to launch a new battery technology in India which provide sophisticated consumer features and strict emission standards for the automotive industry. Such initiatives are anticipated to drive the demand for lead-acid batteries during the forecast period.

Construction Method Insights

The flooded lead-acid battery sector was the largest segment by the construction method in 2021. It is expected to lose market share owing to high maintenance cost along with complex construction. However, increasing demand for stationary applications will fuel market growth over the forecast period.

Valve Regulated Lead Acid (VRLA) segment held a 34.91% market share in 2021 and is anticipated to witness the highest growth over the forecast period. Rising demand in automotive applications owing to high output and low maintenance of the product will fuel the growth. In addition, VRLA batteries including Absorbent Glass Mat (AGM) offer high resistance to vibration, minimize the terminal corrosion, extend the shelf life, and offer a low self-discharge rate. High availability of various sizes is projected to further fuel the demand over the forecast period.

Application Insights

Automotive was the largest application segment in 2021 in terms of revenue share. The extensive usage of lead-acid batteries in the automotive sector is expected to witness growth as a result of the rising automotive sector. The presence of big automotive players, such as TATA, Maruti Suzuki, Infinium Toyota, Mahindra, Mitsubishi, Hyundai, Honda, and Nissan have fuelled the growth of the automotive sector in the Asia Pacific, due to their strong distribution channels and easy product availability at economical prices.

UPS accounted for 10.51% of the global market share in terms of revenue in 2021. The segment is expected to witness the highest CAGR of 7.8% from 2022 to 2030. Growing demand in various industries including hospitals, industries, educational institutes, corporate offices, research institutions, and houses is projected to fuel the growth of the segment in the forthcoming years.

Regional Insights

The Asia Pacific held the leading market share in 2021. The growing construction industry in emerging countries, such as China, India, Japan, Malaysia, South Korea, Vietnam, and Indonesia is projected to drive the utilization of lead-acid battery. According to the Society of Indian Automobiles Manufacturers, the total automotive sales grew by 15.6% in 2017-2022 over 2016-2017. Expansion in automobile sales will lead to the growth of SLI lead-acid batteries.

Asia Pacific is anticipated to be the most lucrative market in terms of CAGR during the forecast period on account of increasing demand for energy storage batteries in China and India. Furthermore, favorable government regulations designed to generate investments from public-private partnerships and Foreign Direct Investments (FDI) are estimated to fuel regional product demand.

Key Players

  • East Penn Manufacturing Co.
  • Exide Technologies
  • Johnson Controls
  • ATLASBX Co. Ltd.
  • NorthStar
  • C&D Technologies, Inc.
  • Narada Power Source Co., Ltd.
  • Amara Raja Corporation GS Yuasa Corp
  • Crown Battery Manufacturing
  • Leoch International Technology Ltd.

Market Segmentation

  • By Product Outlook
    • SLI
    • Stationary
    • Motive
  • By Construction Method Outlook
    • Flooded
    • VRLA
  • By Application Outlook
    • Automotive
    • UPS
    • Telecom
    • Electric Bikes
    • Transport Vehicles
    • Others
  • By Regional Outlook
    • North America
      • The U.S.
    • Europe
      • Germany
      • The U.K.
      • Italy
      • Russia
    • Asia Pacific
      • China
      • India
    • Central & South America
      • Brazil
    • MEA
      • South Africa

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Lead Acid Battery Market 

5.1. COVID-19 Landscape: Lead Acid Battery Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Lead Acid Battery Market, By Product

8.1. Lead Acid Battery Market, by Product, 2022-2030

8.1.1 SLI

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Stationary

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Motive

8.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Lead Acid Battery Market, By Construction Method

9.1. Lead Acid Battery Market, by Construction Method, 2022-2030

9.1.1. Flooded

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. VRLA

9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Lead Acid Battery Market, By Application 

10.1. Lead Acid Battery Market, by Application, 2022-2030

10.1.1. Automotive

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. UPS

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Telecom

10.1.3.1. Market Revenue and Forecast (2017-2030)

10.1.4. Electric Bikes

10.1.4.1. Market Revenue and Forecast (2017-2030)

10.1.5. Transport Vehicles

10.1.5.1. Market Revenue and Forecast (2017-2030)

10.1.6. Others

10.1.6.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Lead Acid Battery Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Product (2017-2030)

11.1.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.1.3. Market Revenue and Forecast, by Application (2017-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Product (2017-2030)

11.1.4.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.1.4.3. Market Revenue and Forecast, by Application (2017-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Product (2017-2030)

11.1.5.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.1.5.3. Market Revenue and Forecast, by Application (2017-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Product (2017-2030)

11.2.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.2.3. Market Revenue and Forecast, by Application (2017-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Product (2017-2030)

11.2.4.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.2.4.3. Market Revenue and Forecast, by Application (2017-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Product (2017-2030)

11.2.5.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.2.5.3. Market Revenue and Forecast, by Application (2017-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Product (2017-2030)

11.2.6.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.2.6.3. Market Revenue and Forecast, by Application (2017-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Product (2017-2030)

11.2.7.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.2.7.3. Market Revenue and Forecast, by Application (2017-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Product (2017-2030)

11.3.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.3.3. Market Revenue and Forecast, by Application (2017-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Product (2017-2030)

11.3.4.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.3.4.3. Market Revenue and Forecast, by Application (2017-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Product (2017-2030)

11.3.5.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.3.5.3. Market Revenue and Forecast, by Application (2017-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Product (2017-2030)

11.3.6.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.3.6.3. Market Revenue and Forecast, by Application (2017-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Product (2017-2030)

11.3.7.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.3.7.3. Market Revenue and Forecast, by Application (2017-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Product (2017-2030)

11.4.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.4.3. Market Revenue and Forecast, by Application (2017-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Product (2017-2030)

11.4.4.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.4.4.3. Market Revenue and Forecast, by Application (2017-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Product (2017-2030)

11.4.5.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.4.5.3. Market Revenue and Forecast, by Application (2017-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Product (2017-2030)

11.4.6.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.4.6.3. Market Revenue and Forecast, by Application (2017-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Product (2017-2030)

11.4.7.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.4.7.3. Market Revenue and Forecast, by Application (2017-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Product (2017-2030)

11.5.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.5.3. Market Revenue and Forecast, by Application (2017-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Product (2017-2030)

11.5.4.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.5.4.3. Market Revenue and Forecast, by Application (2017-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Product (2017-2030)

11.5.5.2. Market Revenue and Forecast, by Construction Method (2017-2030)

11.5.5.3. Market Revenue and Forecast, by Application (2017-2030)

Chapter 12. Company Profiles

12.1. East Penn Manufacturing Co.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Exide Technologies

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Johnson Controls

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. ATLASBX Co. Ltd.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. NorthStar

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. C&D Technologies, Inc.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Narada Power Source Co., Ltd.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Amara Raja Corporation GS Yuasa Corp

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Crown Battery Manufacturing

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Leoch International Technology Ltd.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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