Market Overview:
The global lead acid battery market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for lead acid batteries from various applications such as UPS, motorcycles and electric bikes, automotive, and others. In addition, the growing demand for renewable energy sources is also fueling the growth of the global lead acid battery market. However, high initial cost and environmental concerns are restraining the growth of this market. Based on type, VRLA battery accounted for a major share of the global lead acid battery market in 2017. This segment is projected to grow at a CAGR of 6% during the forecast period owing to its advantages such as low maintenance cost and longer life span as compared to other types of lead acid batteries.
Product Definition:
Lead acid battery is a type of rechargeable battery that uses lead plates and sulfuric acid to store energy. Lead acid batteries are widely used in automobiles, motorcycles, boats, UPS systems and many other applications.
VRLA Battery:
Virtual RealityLA (VRLA) battery is a new technology that utilizes the existing infrastructure of lead-acid batteries. It was developed by Williams Partners, a private equity firm based in the U.S., and it has been commercialized by EnerSys, an American manufacturer of energy storage products. The development of VRLA battery has helped to reduce costs and increase efficiency in electric vehicle charging stations as compared to conventional lithium-ion batteries used in automobiles currently available in the market.
Flooded Battery:
Flooded battery is a type of secondary battery that uses an electrolyte solution to permit the flow of current between the positive and negative terminals. The flooded cell consists of a single liquid chamber, which is divided by a separator into two compartments, each with an electrode. As current flows through the electrolyte it causes the chemical reactions that produce electricity.
Application Insights:
Automotive was the largest segment in 2017 and accounted for over 40% of the global lead-acid battery market share. The automotive sector is one of the leading consumers of these batteries as they offer high power density, superior performance, and low maintenance cost. Moreover, increasing demand for electric vehicles will drive this application segment over the forecast period.
Lead-acid batteries are used in various automotive applications including power steering systems, lighting systems, fuel pumps & ignition switches among others. They are also used in UPS to provide emergency power supply to computers and mobile phones among other electronic devices during normal electricity supply hours. Increasing demand for smartphones has led to an increase in UPS installations which is expected to have a positive impact on market growth over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for UPS systems in data centers, rapid industrialization, and growing automotive industry. Europe accounted for a significant share of global lead acid battery market owing to high product adoption in several applications including UPS system, renewable energy storage system (RES), and others. However, stringent environmental regulations by various regulatory bodies such as EEA are anticipated to hamper the regional growth over the forecast period.
North America is projected to witness steady growth over the coming years on account of rising demand from end-use industries such as transportation and electronics among other sectors including utility sector especially during peak load hours along with an increase in investment opportunities from private players regarding VRLA batteries that offer better performance than conventional flooded batteries at a lower cost per kWh capacity factor which results into higher revenue generation per kilowatt hour capacity compared with traditional Lead Acid Battery Systems (LAD).
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for lead acid batteries, as they are used in most electric vehicles.
- Stringent environmental regulations: Governments across the world are implementing stringent environmental regulations, which is leading to an increase in the adoption of lead acid batteries as they are environment-friendly.
- Development of smart grids: The development of smart grids is expected to create opportunities for lead acid battery manufacturers as these batteries can be used for energy storage applications.
- Growing popularity of renewable energy sources: Renewable energy sources such as solar and wind power are becoming increasingly popular due to their low cost and environment-friendly nature. This is likely to result in an increase in the demand for lead acid batteries from renewable energy projects over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lead Acid Battery Market Research Report
By Type
VRLA Battery, Flooded Battery, Others
By Application
UPS, Motorcycles and Electric Bikes, Automotive, Others
By Companies
Leoch International Technology, CSB Battery, Chloride Batteries, Nipress, B.B. Battery, Zibo Torch Energy, Johnson Controls, East Penn Manufacturing, Crown Battery, Fujian Quanzhou Dahua Battery, Leoch International Technology, NorthStar, EnerSys, C&D Technologies, GS Yuasa Corporation, Coslight Technology, Atlasbx, Exide Technologies, Saft Groupe, Hoppecke Batteries
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
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Lead Acid Battery Market Report Segments:
The global Lead Acid Battery market is segmented on the basis of:
Types
VRLA Battery, Flooded Battery, Others
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
UPS, Motorcycles and Electric Bikes, Automotive, 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:
- Leoch International Technology
- CSB Battery
- Chloride Batteries
- Nipress
- B.B. Battery
- Zibo Torch Energy
- Johnson Controls
- East Penn Manufacturing
- Crown Battery
- Fujian Quanzhou Dahua Battery
- Leoch International Technology
- NorthStar
- EnerSys
- C&D Technologies
- GS Yuasa Corporation
- Coslight Technology
- Atlasbx
- Exide Technologies
- Saft Groupe
- Hoppecke Batteries
Highlights of The 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:
- VRLA Battery
- Flooded Battery
- Others
- By Application:
- UPS
- Motorcycles and Electric Bikes
- Automotive
- 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 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
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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?
A lead acid battery is a type of battery that uses lead as one of its main components. Lead acid batteries are often used in vehicles, power tools, and other electronics.
Some of the key players operating in the lead acid battery market are Leoch International Technology, CSB Battery, Chloride Batteries, Nipress, B.B. Battery, Zibo Torch Energy, Johnson Controls, East Penn Manufacturing, Crown Battery, Fujian Quanzhou Dahua Battery, Leoch International Technology, NorthStar, EnerSys, C&D Technologies, GS Yuasa Corporation, Coslight Technology, Atlasbx, Exide Technologies, Saft Groupe, Hoppecke Batteries.
The 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 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 Lead Acid Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Lead Acid Battery Market Size & Forecast, 2018-2028
4.5.1 Lead Acid Battery Market Size and Y-o-Y Growth
4.5.2 Lead Acid Battery Market Absolute $ Opportunity
Chapter 5 Global 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 Lead Acid Battery Market Size Forecast by Type
5.2.1 VRLA Battery
5.2.2 Flooded Battery
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Lead Acid Battery Market Size Forecast by Applications
6.2.1 UPS
6.2.2 Motorcycles and Electric Bikes
6.2.3 Automotive
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 Lead Acid Battery Analysis and Forecast
9.1 Introduction
9.2 North America 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 Lead Acid Battery Market Size Forecast by Type
9.6.1 VRLA Battery
9.6.2 Flooded Battery
9.6.3 Others
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 Lead Acid Battery Market Size Forecast by Applications
9.10.1 UPS
9.10.2 Motorcycles and Electric Bikes
9.10.3 Automotive
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 Lead Acid Battery Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Lead Acid Battery Market Size Forecast by Type
10.6.1 VRLA Battery
10.6.2 Flooded Battery
10.6.3 Others
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 Lead Acid Battery Market Size Forecast by Applications
10.10.1 UPS
10.10.2 Motorcycles and Electric Bikes
10.10.3 Automotive
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 Lead Acid Battery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Lead Acid Battery Market Size Forecast by Type
11.6.1 VRLA Battery
11.6.2 Flooded Battery
11.6.3 Others
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 Lead Acid Battery Market Size Forecast by Applications
11.10.1 UPS
11.10.2 Motorcycles and Electric Bikes
11.10.3 Automotive
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 Lead Acid Battery Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Lead Acid Battery Market Size Forecast by Type
12.6.1 VRLA Battery
12.6.2 Flooded Battery
12.6.3 Others
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 Lead Acid Battery Market Size Forecast by Applications
12.10.1 UPS
12.10.2 Motorcycles and Electric Bikes
12.10.3 Automotive
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) Lead Acid Battery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Lead Acid Battery Market Size Forecast by Type
13.6.1 VRLA Battery
13.6.2 Flooded Battery
13.6.3 Others
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) Lead Acid Battery Market Size Forecast by Applications
13.10.1 UPS
13.10.2 Motorcycles and Electric Bikes
13.10.3 Automotive
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 Lead Acid Battery Market: Competitive Dashboard
14.2 Global Lead Acid Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Leoch International Technology
14.3.2 CSB Battery
14.3.3 Chloride Batteries
14.3.4 Nipress
14.3.5 B.B. Battery
14.3.6 Zibo Torch Energy
14.3.7 Johnson Controls
14.3.8 East Penn Manufacturing
14.3.9 Crown Battery
14.3.10 Fujian Quanzhou Dahua Battery
14.3.11 Leoch International Technology
14.3.12 NorthStar
14.3.13 EnerSys
14.3.14 C&D Technologies
14.3.15 GS Yuasa Corporation
14.3.16 Coslight Technology
14.3.17 Atlasbx
14.3.18 Exide Technologies
14.3.19 Saft Groupe
14.3.20 Hoppecke Batteries
