Market Overview:
The global industrial lead acid battery market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The motive power type segment is expected to dominate the global industrial lead acid battery market during the forecast period. This can be attributed to the increasing demand for electric vehicles and hybrid vehicles across the globe. The telecom application segment is projected to grow at a highest CAGR during the forecast period owing to increase in data traffic and rising need for uninterrupted power supply.
Product Definition:
Industrial Lead Acid battery is a storage battery used for supplying electric current to an electrical load. It consists of lead plates or grids immersed in sulfuric acid electrolyte. The positive plate is made of lead dioxide, and the negative plate is made of sponge lead.
Reserve Power:
Reserve power is the power that can be drawn from a battery when it is not needed to run the equipment. It's important in lead acid batteries as they need to have some reserve capacity so that if there are any problems with the main supply of electricity, then this extra capacity can help in maintaining the battery performance and safety standards. The normal working hours of a lead acid battery are divided into two parts; namely active hours and reserve hours.
Motive Power:
Motive power is the electrical energy that drives a vehicle. It is also known as electric power or current. In an industrial lead acid battery, the motive force is provided by rechargeable batteries that are used to provide starting and charging capabilities for diesel-electric locomotives and electric vehicles such as forklifts, golf carts, and others.
Application Insights:
The UPS application segment led the global lead-acid battery market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth of this segment can be attributed to increasing demand for data centers, rising number of cyberattacks, and growing concerns about power outages across various industries such as healthcare, telecom etc. Increasing adoption of UPS systems in hospitals, data centers among others is expected to drive the product demand over the coming years.
Telecom was one of the prominent applications that accounted for a significant share in 2017 owing to high usage rates coupled with extensive networks across various regions including North America & Europe which resulted in increased need for batteries during outages or emergency situations which propel its demand globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has led to an increase in manufacturing activities across various sectors such as automotive, consumer electronics, industrial machinery and others. This trend is projected to drive the demand for lead-acid batteries across this region.
The growing adoption of solar energy worldwide has led to a significant rise in demand for Lead-Acid Batteries (LABCs) that are used for storing energy during peak hours when sunlight is available thereby making it suitable as a back up power source during grid connected operation mode or emergency power supply during off-grid applications. Increasing penetration of renewable based electricity generation systems such as wind turbines and solar panels on account of their cost effective nature compared to other sources including fossil fuels will further boost product demand over the coming years.
Growth Factors:
- Increasing demand for industrial lead acid batteries from the transportation sector as a result of the increasing demand for electric and hybrid vehicles.
- The increasing demand for renewable energy sources such as solar and wind power is also expected to drive the growth of the industrial lead acid battery market in the coming years.
- Stringent government regulations pertaining to emissions from conventional lead-acid batteries are expected to promote the adoption of advanced lead-acid battery technologies, thereby driving market growth.
- The growing popularity of energy storage systems owing to their ability to store energy generated from renewable sources is also anticipated to fuel market growth in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Lead Acid Battery Market Research Report
By Type
Reserve Power, Motive Power
By Application
Industrial Forklifts, Telecom, UPS, Others
By Companies
Exide Technology, GS Yuasa, Northstar, Narada, Coslight, Saft, East Penn, New Power, C&D, Exide Industries, Amaraja, Hoppecke, Crown Batteries, EnerSy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Lead Acid Battery Market Report Segments:
The global Industrial Lead Acid Battery market is segmented on the basis of:
Types
Reserve Power, Motive Power
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Forklifts, Telecom, UPS, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Exide Technology
- GS Yuasa
- Northstar
- Narada
- Coslight
- Saft
- East Penn
- New Power
- C&D
- Exide Industries
- Amaraja
- Hoppecke
- Crown Batteries
- EnerSy
Highlights of The Industrial Lead Acid Battery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Reserve Power
- Motive Power
- By Application:
- Industrial Forklifts
- Telecom
- UPS
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Lead Acid Battery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An industrial lead acid battery is a type of rechargeable battery that uses lead as one of its main chemistries. Lead acid batteries are popular for powering tools, vehicles, and other equipment in industrial settings.
Some of the major companies in the industrial lead acid battery market are Exide Technology, GS Yuasa, Northstar, Narada, Coslight, Saft, East Penn, New Power, C&D, Exide Industries, Amaraja, Hoppecke, Crown Batteries, EnerSy.
The industrial lead acid battery market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Lead Acid Battery Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Lead Acid Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Lead Acid Battery Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Lead Acid Battery Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Lead Acid Battery Market Size & Forecast, 2018-2028
4.5.1 Industrial Lead Acid Battery Market Size and Y-o-Y Growth
4.5.2 Industrial Lead Acid Battery Market Absolute $ Opportunity
Chapter 5 Global Industrial Lead Acid Battery Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Lead Acid Battery Market Size Forecast by Type
5.2.1 Reserve Power
5.2.2 Motive Power
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Lead Acid Battery Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Lead Acid Battery Market Size Forecast by Applications
6.2.1 Industrial Forklifts
6.2.2 Telecom
6.2.3 UPS
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Lead Acid Battery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Lead Acid Battery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Lead Acid Battery Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Lead Acid Battery Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Lead Acid Battery Market Size Forecast by Type
9.6.1 Reserve Power
9.6.2 Motive Power
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Lead Acid Battery Market Size Forecast by Applications
9.10.1 Industrial Forklifts
9.10.2 Telecom
9.10.3 UPS
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Lead Acid Battery Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Lead Acid Battery Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Lead Acid Battery Market Size Forecast by Type
10.6.1 Reserve Power
10.6.2 Motive Power
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Lead Acid Battery Market Size Forecast by Applications
10.10.1 Industrial Forklifts
10.10.2 Telecom
10.10.3 UPS
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Lead Acid Battery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Lead Acid Battery Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Lead Acid Battery Market Size Forecast by Type
11.6.1 Reserve Power
11.6.2 Motive Power
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Lead Acid Battery Market Size Forecast by Applications
11.10.1 Industrial Forklifts
11.10.2 Telecom
11.10.3 UPS
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Lead Acid Battery Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Lead Acid Battery Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Lead Acid Battery Market Size Forecast by Type
12.6.1 Reserve Power
12.6.2 Motive Power
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Lead Acid Battery Market Size Forecast by Applications
12.10.1 Industrial Forklifts
12.10.2 Telecom
12.10.3 UPS
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Lead Acid Battery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Lead Acid Battery Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Lead Acid Battery Market Size Forecast by Type
13.6.1 Reserve Power
13.6.2 Motive Power
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Lead Acid Battery Market Size Forecast by Applications
13.10.1 Industrial Forklifts
13.10.2 Telecom
13.10.3 UPS
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Lead Acid Battery Market: Competitive Dashboard
14.2 Global Industrial Lead Acid Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Exide Technology
14.3.2 GS Yuasa
14.3.3 Northstar
14.3.4 Narada
14.3.5 Coslight
14.3.6 Saft
14.3.7 East Penn
14.3.8 New Power
14.3.9 C&D
14.3.10 Exide Industries
14.3.11 Amaraja
14.3.12 Hoppecke
14.3.13 Crown Batteries
14.3.14 EnerSy
