U.S. Motive Lead Acid Battery Market (By Construction: Flooded, Valve Regulated Lead Acid (VRLA); By Application: Automotive, Telecom, UPS, Golf carts, Mining; By Purity) - Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2024-2033

The U.S. motive lead acid battery market size was estimated at USD 1.27 billion in 2023 and it is expected to surpass around USD 1.77 billion by 2033, poised to grow at a CAGR of 3.35% from 2024 to 2033.

Key Pointers

• By Construction, the flooded segment held the largest revenue share of 61% in 2023.
• By Purity, the 99.9% Purity segment led the market with the largest market share of 84% in 2023.
• By Application, the material handling accounted for the 27% revenue market share in 2023.

U.S. Motive Lead Acid Battery Market Overview

The U.S. motive lead acid battery market stands as a crucial component within the broader landscape of energy storage solutions. With the increasing demand for efficient power storage in various industries such as automotive, industrial machinery, and transportation, the market for motive lead acid batteries continues to evolve. This overview delves into the key aspects shaping the U.S. motive lead acid battery market, including market dynamics, trends, challenges, and future prospects.

U.S. Motive Lead Acid Battery Market Growth Factors 

The growth of the U.S. motive lead acid battery market is propelled an increasing demand for electric vehicles (EVs) and hybrid vehicles is driving the need for reliable and cost-effective energy storage solutions. Motive lead acid batteries serve as a crucial component in these vehicles, providing the necessary power for propulsion and auxiliary systems. Secondly, the expansion of renewable energy infrastructure, such as solar and wind power generation, creates opportunities for energy storage to balance supply and demand fluctuations. Motive lead acid batteries offer a proven and affordable solution for storing excess energy and delivering it when needed. Additionally, the growing emphasis on sustainability and environmental regulations incentivizes industries to adopt lead acid batteries due to their recyclability and relatively low environmental impact compared to alternative technologies. 

Report Scope of the U.S. Motive Lead Acid Battery Market

U.S. Motive Lead Acid Battery Market Trends:

• Shift towards Advanced Technologies: The U.S. motive lead acid battery market is witnessing a notable shift towards advanced technologies such as absorbent glass mat (AGM) and gel batteries. These technologies offer improved performance, durability, and safety compared to traditional flooded lead acid batteries.
• Focus on Maintenance-Free Solutions: Manufacturers are increasingly focusing on developing maintenance-free lead acid battery solutions. These batteries require minimal upkeep, reducing operational costs and enhancing convenience for end-users across various industries.
• Environmental Sustainability: There is a growing emphasis on environmental sustainability within the U.S. motive lead acid battery market. Manufacturers are investing in eco-friendly manufacturing processes and exploring innovative recycling methods to minimize the environmental impact of lead acid batteries.
• Integration with Renewable Energy Systems: Motive lead acid batteries are being integrated into renewable energy systems such as solar and wind power installations. These batteries help store excess energy generated during peak production periods, ensuring a reliable and continuous power supply.
• Enhanced Safety Features: With safety being a paramount concern, manufacturers are incorporating enhanced safety features into lead acid battery designs. This includes features such as built-in thermal management systems and advanced battery management technologies to mitigate the risk of overheating and thermal runaway.
• Application Diversification: The application scope of motive lead acid batteries is diversifying beyond traditional sectors like automotive and industrial machinery. Emerging applications include backup power systems for telecommunications, uninterruptible power supplies (UPS), and material handling equipment, further expanding the market's reach.

Construction Insights

Flooded accounted for the highest revenue market share of 61% in the U.S. motive lead acid battery market in 2023. Increasing penetration for flooded batteries in marine applications on account of their high-effective power output is expected to augment their demand in the near future. For instance, in January 2023, East Penn Manufacturing Company announced an addition to its lead-acid battery portfolio by launching the Deka marine master battery line for applications including deep cycle batteries for boats in the U.S. market. The marine industry is growing in the U.S. with increasing marine ventures and their applications in trading, coast guard securities, and other leisure activities.

These batteries can operate continuously under a broad temperature range and eliminate the need for air conditioners. This increases the demand for VRLA batteries in several industries. For instance, in August 2023, GLOBE TELECOM, INC., a telecommunications company, announced the adoption of sustainable batteries VRLA batteries for its core network sites in the U.S. market.

Purity Insights

99.9% Purity (Pure Lead Acid) segment led the purity segment with a market share of 84% in 2023. Lead-acid batteries are made with two lead plates and an acid-resistant outer covering, and these plates act as electrodes.  Moreover, the lead plates are crafted using a combination of tin and lead, which cleverly reduces the internal pressure within the battery. The batteries with 99.9% purity have more efficiency and reliability. They offer a great solution for various applications wherein performance is a major output.  

Less than 99.9% purity accounted for second largest share in purity segment in 2023. Lead-acid batteries with a purity of less than 99.9% comprise deviations from the standard combination of sulfuric and lead-acid. In addition, these batteries are recyclable at the end of their life cycle and are adopted by manufacturers when the cost of production goes higher as manufacturing lead acid batteries with less purity is cheaper compared to manufacturing pure lead-acid batteries. Moreover, the U.S. market has a focus on sustainability, waste reduction, and developing battery recycling facilities, which is expected to drive the demand for lead acid batteries with less than 99.9% purity in the country.

Application Insights

In the application segment, material handling accounted for the 27% revenue market share in 2023 and is projected to grow at the second highest CAGR during the forecast period. The material handling application segment consists of forklifts and others such as Automated Guided Vehicles (AGVs). The forklift segment consists of an end-controlled rider pallet jack, narrow aisle forklifts, counterbalanced forklifts, and large counterbalanced forklifts. Increasing investment in this equipment and machinery is expected to propel the market demand for motive lead-acid batteries in the material handling application.

The automotive industry has grown significantly in the past few years owing to the growing population and technological advancements. Government loans to automotive manufacturers and consumers for the expansion of the automotive industry are expected to augment the market. Increasing production of passenger cars, commercial vehicles, and motorcycles are anticipated to spur the market demand for motive lead-acid batteries in the country.

U.S. Motive Lead Acid Battery Market Key Companies

• Crown Battery
• East Penn Manufacturing
• EnerSys
• Exide Technologies
• GS Yuasa Energy Solutions, Inc.
• Hitachi Chemical Co., Ltd.
• Johnson Controls
• Panasonic Corporation of North America
• Trojan Battery Company
• U.S. Battery Mfg.

U.S. Motive Lead Acid Battery Market Segmentations:

By Construction 

• Flooded
• Valve Regulated Lead Acid (VRLA)

By Application 

• Automotive
• Telecom
• UPS
• Electric vehicles
• Golf carts
• Mining
• Material Handling
  • Forklift
    • End-Controlled Rider Pallet Jack
    • Narrow Aisle Forklifts
    • Counterbalanced Forklifts
    • Large Counterbalanced Forklifts
  • Others (AGVs, etc.)
• Other

By Purity 

• 99.9% Purity (Pure Lead acid)
• Less than 99.9% Purity

By Material Handling Application 

• VRLA Motive Lead Acid Battery
  • Forklift
    • End-Controlled Rider Pallet Jack
    • Narrow Aisle Forklifts
    • Counterbalanced forklifts
    • Large counterbalanced forklifts
  • Others
• Flooded Motive Lead Acid Battery
  • Forklift
    • End-Controlled Rider Pallet Jack
    • Narrow Aisle Forklifts
    • Counterbalanced forklifts
    • Large counterbalanced forklifts
  • Others