About Lead-Acid Battery
As well as fundamental economic growth for existing applications, new markets for energy storage in rechargeable batteries are driven strongly by growth in renewable energy, the need for reduced transport emissions and the rapid increase in communications technologies. Lead-acid batteries remain the lowest cost and most widely used solution but technology is changing rapidly towards lithium-ion and other new solutions, including a set of post-lithium technologies and ultimately fuel cell batteries. Currently, 75% of such systems in China use lead-acid batteries, although tin use per unit is much lower and technology competition in this sector is much greater and likely to grow fast.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Major players putting High focus on providing customized solutions to customers in order to remain competitive in revenue cycle management solutions. This industry seeing more number of niche players coming up rather than traditional players. To provide the best services to the customers, companies are spending more on technology-based solutions. Analyst at AMA Research estimates that 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.
Clarios (United States), GS Yuasa Corporation (Japan), Exide Technologies (United States), EnerSys (United States), B.B. Battery Co. Ltd. (China), Yokohama (Malaysia), Hitachi Chemical Energy Technology Co. Ltd. (Japan), C&D Technologies Inc. (United States), ATLASBX Co. Ltd. (South Korea) and AC Delco Corporation (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 First National Battery Corporation (South Africa) and Amara Raja Corporation (India).
Segmentation Overview
AMA Research has segmented the market of Global Lead-Acid Battery market by Type (Stationary, Motive/Traction and SLI (AGM, EFB, and MF)), Application (Telecommunication, UPS, Control & Switchgear, Motive (e-Bikes, Forklift, Electric Buses), Automobiles (Cars, Commercial Vehicles ) and Grid Storage) 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, Vietnam, Indonesia, Malaysia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Construction Method, the sub-segment i.e. VRLA 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:
Technological Advancements in Electronic Vehicle Charging Stations, Commercialization of Electric Vehicles and Co-Creation of Novel Equipment, Devices and Developments in the Packaging of Batteries and Their Construction, Durability, and Storage Capacities
Market Growth Drivers:
Growing Demand for Electric Vehicles and Ups Systems and Rise in Demand from Automotive, Power, Healthcare, and Telecom Industries in Developing Nations
Challenges:
Lead is a toxic metal that can be harmful to human health and the environment.
Restraints:
This Market Is Witnessing Stiff Competition from Lithium-Ion Batteries and Government Regulations Aimed At Residue Discharge Which Hamper Growth of Lead-Acid Battery Market
Opportunities:
Growing Regulatory Focus towards Enhancing the Penetration of Electric Vehicles in Emerging Economies and Rising Industrialization and Urbanization in Asia Pacific Region
Market Leaders and their expansionary development strategies
In August 2023, Leoch is to acquire controlling stakes in two China-based lead battery firms owned by GS Yuasa. The move could also pave the way for further expansion and consolidation of the batteries market
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. It makes the company the first in the country to achieve this feat for lead-acid technology.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Lead-acid batteries Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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.