Market Snapshot:
The lead acid battery is used as a source for energy storage and is transferred across different applications as an energy source in terms of electricity. This thusly is impacting the lead acid battery to grow in industry on a worldwide scale. These batteries comprise of a sulfuric acid arrangement electrolyte with lead dioxide as cathode and metallic lead as anode making these battery powered. Electrolyte water is used as protection from consumption and low release rate are not many of the key highlights exhibited by lead acid batteries which consequently enhances its market value. EnerSys is reported as developed in assembling capacities at two manufacturing plant areas particularly in Pennsylvania and Florida, to oblige the expanding request from the aviation and defense sections. The global market is set to grow as the demand for lead acid batteries is rising due to the growing demand for energy storage devices used in the automobile industry. The rising demand for commercial vehicles, motorcycles, and passenger car manufacturing industries is likely to boost the market.
Highlights from Lead Acid Battery- Market Study
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
The key Manufacturers profiled in the report are Clarios (United States), Exide Industries Limited (India), Leoch International Technology Limited (China), Shandong Sacred Sun Power Sources Co., Ltd. (China), C&D Technologies, Inc.(United States), GS Yuasa Corporation (Japan), Penn Battery Co. – Zibo, China, Furukawa Battery Co., Ltd. (Japan), Crown Battery Manufacturing Company (United States) and B.B. Battery Co., Ltd. (China). Additionally, other players that are part of this comprehensive study are HOPPECKE Batterien GmbH & Co. KG (Germany), First National Battery (South Africa), Koyo Battery Co., Ltd. (China), Middle East Battery Company (MEBCO) (Saudi Arabia) and EnerSys (United States).
Geographic Breakdown and Segment Analysis
The Global Lead Acid Battery- market presents a comprehensive analysis of the Lead Acid Battery- market by product type (Stationary and Motive), by end-user/application (SLI, Stationary, E-Bikes, Low Speed EVs and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Lead Acid Battery- industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Lead Acid Battery- market
Analyst at AMA have segmented the market study of Global Lead Acid Battery- market by Type, Application and Region.
Influencing Trend:
Growing need for uninterruptible power supply (UPS) systems
Market Growth Drivers:
Rising Demand for Cost-effective Power Backup Systems and Growing Data Centers and the Telecommunication Industry
Challenges:
Environmental Concerns
Restraints:
Shorter Lifespan of Batteries Owing to Low Capacity
Opportunities:
Technological Advancements in Lead Acid Battery and Rising Demand for Renewables to Increase the Demand for Energy Storage Battery
Market Developments Activities:
In December 2024, Xtreme Bass Series announced a partnership with Trojan Battery for the 2025 season, with Trojan Battery becoming the presenting sponsor of the Big Bass of the Year award.
In November 2024, EnerSys introduced the iQ Mini™, a compact battery monitoring device designed to enhance the performance and lifespan of their maintenance-free NexSys® Thin Plate Pure Lead (TPPL) batteries
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Rye market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others