About Lead Acid Battery
Lead–acid battery is the eldest type of rechargeable battery, with a very low energy-to-weight ratio & a low energy-to-volume ratio, its capacity to supply high surge currents means that the cells have a relatively large power-to-weight ratio. Lead-acid batteries are widely used in many applications including automotive, motive, & stationary applications. They are widely used due to the cranking property of the battery which offers the power with short span. Presently, lead acid batteries are used for diverse applications in various end-use industries like uninterruptible power supply (UPS), and telecommunication.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.8% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that Japanese, South Korean, and United States Manufacturers will contribute the maximum growth to Global Lead Acid Battery market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Johnson Controls International plc (United States), Exide Technologies (United States), GS Yuasa Corporation (Japan), EnerSys (United States), Hitachi Chemical Energy Technology Co. Ltd. (Taiwan), East Penn Manufacturing Co. (United States), Panasonic Corporation (Japan), NorthStar Battery Company (United States), ATLASBX Co., Ltd. (South Korea) and ACDelco (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are The Amara Raja Group (India), MIDAC S.p.A. (Italy) and Narada Power Source Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Lead Acid Battery market by Type (Stationary, Motive, Start, Light and Ignition Batteries (SLI) and Others), Application (Automotive [Non-Electric Vehicles, Transport Vehicles, Electric Vehicles, Forklifts], Utilities, Oil&Gas, Construction, Telecommunication, Marine, UPS and Others) and Region.
On the basis of geography, the market of Lead Acid Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Construction Method, the sub-segment i.e. Flooded will boost the Lead Acid Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Original Equipment Market (OEM) will boost the Lead Acid Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Rising Legislative Support for Battery Recycling
Market Growth Drivers:
Growing Deployment of Microgrids, Requirement for Continuous Power Supply, Execution of Hybrid Power Systems in Telecom Towers and Growing Construction of Data Centers
Challenges:
Declining Li-Ion Battery Prices
Restraints:
Strict Lead Emission Standards
Opportunities:
Growing Opportunities from Emerging Markets, Growing Applications in a Vehicles and Technological Advancements in Lead Acid Battery
Market Leaders and their expansionary development strategies
In June 2022, Mesha Energy Solutions Pvt. Ltd today announced that it has acquired the grant of a patent by the government of India for its battery performance technology while enhancing the performance of the batteries. This is a significant growth in the nation's green technology.
In January, 2024, Ipower Batteries Pvt Ltd, has a new feather to its cap by being the first Indian company to successfully launch Graphene series lead-acid batteries
Key Target Audience
Lead Acid Battery Manufacturers, Raw Materials Suppliers, Government and Research Organisations, Industry Associations, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.