Market Overview:
The global lead-acid batteries 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 automobiles and electric vehicles, and the growing need for backup power systems. The VRLA battery segment is expected to grow at a CAGR of 6.0% from 2018 to 2030, owing to the increasing demand for these batteries in automotive starter applications.
Product Definition:
Lead-acid batteries are a type of rechargeable battery that use lead plates and sulfuric acid to create a electrochemical reaction. These batteries are commonly used in vehicles, as well as in other applications where a large amount of power is needed for a short amount of time. Lead-acid batteries are important because they can store large amounts of energy, making them ideal for use in vehicles and other applications where power is needed on demand.
VRLA Battery:
Virtual Rating System for batteries (VRS-B) is a method to rate the overall performance of a battery based on its ability to meet defined criteria under normal and/or abnormal conditions. VRLA battery has no real world equivalent as there is no single accepted industry standard for rating systems across all applications. However, it can be roughly translated into terms of amp-hours (AH), which gives an idea about the capacity of energy storage in a given weight, size & cost package.
Flooded Battery:
Flooded battery is a type of secondary battery that uses the electrolyte to dissolve the anode and cathode, which are then flooded with liquid. The most common example of this would be a car battery. It has high current capacity due to its large size and more amount of lead content.
The flooded batteries have higher energy than conventional batteries but they have lower voltage output; hence it requires additional devices in order to increase the voltage outputted by the battery.
Application Insights:
Automotive starter was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. Growing demand for vehicles particularly in developing countries such as China and India is anticipated to drive the automotive lead-acid battery market over the forecast period. In addition, stringent government regulations regarding reduced vehicle emissions are expected to have a positive impact on industry growth.
The UPS segment accounted for a share of 15% of global revenue in 2017 owing to increasing demand from commercial and industrial users across various end-use industries such as healthcare, banking, telecom etc. Rapidly expanding IT & telecommunication sector especially in emerging markets including China, India and Brazil is expected to drive product demand from UPS applications over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising demand for lead-acid batteries in countries, such as China and India. In 2016, these two countries accounted for a major share of global production owing to cheap labor and raw material availability. Moreover, increasing penetration of VRLA battery systems in smartphones and laptops is anticipated to drive product demand over the next eight years.
Europe was estimated at USD X million in 2017 on account of high automotive industry participation across Germany, France Italy Russia Spain U.K.
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 more environmentally friendly than other battery types.
- Development of smart grids: The development of smart grids is expected to drive the growth of the lead-acid batteries market, as these grids require a large number of reliable and durable batteries for storage and backup purposes.
- Growing demand from renewable energy sector: The growth in renewable energy sources such as solar and wind power is driving the demand for high-capacity lead-acid batteries that can store large amounts of energy safely and efficiently.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lead-Acid Batteries Market Research Report
By Type
VRLA Battery, Flooded Battery, Others
By Application
Automotive Starter, Motorcycles and Electric Bikes, Forklifts and Other Vehicles, UPS, Others
By Companies
Johnson Controls, Exide Technologies, CSB Battery, GS Yuasa Corporate, Enersys, EAST PENN Manufacturing, FIAMM, Sebang, Atlasbx, Amara Raja, C&D Technologies, Trojan, NorthStar Battery, Midac Power, ACDelco, Banner batteries, First National Battery, Chaowei Power, Tianneng Power, Shoto, Camel, Fengfan, Leoch, Narada Power, Sacred Sun Power Sources, Coslight Technology, Exide Industries Limited
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Lead-Acid Batteries Market Report Segments:
The global Lead-Acid Batteries 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
Automotive Starter, Motorcycles and Electric Bikes, Forklifts and Other Vehicles, 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:
- Johnson Controls
- Exide Technologies
- CSB Battery
- GS Yuasa Corporate
- Enersys
- EAST PENN Manufacturing
- FIAMM
- Sebang
- Atlasbx
- Amara Raja
- C&D Technologies
- Trojan
- NorthStar Battery
- Midac Power
- ACDelco
- Banner batteries
- First National Battery
- Chaowei Power
- Tianneng Power
- Shoto
- Camel
- Fengfan
- Leoch
- Narada Power
- Sacred Sun Power Sources
- Coslight Technology
- Exide Industries Limited
Highlights of The Lead-Acid Batteries 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:
- Automotive Starter
- Motorcycles and Electric Bikes
- Forklifts and Other Vehicles
- 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 Lead-Acid Batteries 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.
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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?
Lead-acid batteries are a type of battery that uses lead and acid to create electricity. Lead-acid batteries are popular because they have a long life and can be recharged many times.
Some of the key players operating in the lead-acid batteries market are Johnson Controls, Exide Technologies, CSB Battery, GS Yuasa Corporate, Enersys, EAST PENN Manufacturing, FIAMM, Sebang, Atlasbx, Amara Raja, C&D Technologies, Trojan, NorthStar Battery, Midac Power, ACDelco, Banner batteries, First National Battery, Chaowei Power, Tianneng Power, Shoto, Camel, Fengfan, Leoch, Narada Power, Sacred Sun Power Sources, Coslight Technology, Exide Industries Limited.
The lead-acid batteries market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lead-Acid Batteries Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lead-Acid Batteries Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lead-Acid Batteries Market - Supply Chain
4.5. Global Lead-Acid Batteries Market Forecast
4.5.1. Lead-Acid Batteries Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lead-Acid Batteries Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lead-Acid Batteries Market Absolute $ Opportunity
5. Global Lead-Acid Batteries Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lead-Acid Batteries Market Size and Volume Forecast by Type
5.3.1. VRLA Battery
5.3.2. Flooded Battery
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lead-Acid Batteries Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lead-Acid Batteries Market Size and Volume Forecast by Application
6.3.1. Automotive Starter
6.3.2. Motorcycles and Electric Bikes
6.3.3. Forklifts and Other Vehicles
6.3.4. UPS
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lead-Acid Batteries Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lead-Acid Batteries Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lead-Acid Batteries Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lead-Acid Batteries Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lead-Acid Batteries Demand Share Forecast, 2019-2026
9. North America Lead-Acid Batteries Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lead-Acid Batteries Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lead-Acid Batteries Market Size and Volume Forecast by Application
9.4.1. Automotive Starter
9.4.2. Motorcycles and Electric Bikes
9.4.3. Forklifts and Other Vehicles
9.4.4. UPS
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lead-Acid Batteries Market Size and Volume Forecast by Type
9.7.1. VRLA Battery
9.7.2. Flooded Battery
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lead-Acid Batteries Demand Share Forecast, 2019-2026
10. Latin America Lead-Acid Batteries Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lead-Acid Batteries Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lead-Acid Batteries Market Size and Volume Forecast by Application
10.4.1. Automotive Starter
10.4.2. Motorcycles and Electric Bikes
10.4.3. Forklifts and Other Vehicles
10.4.4. UPS
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lead-Acid Batteries Market Size and Volume Forecast by Type
10.7.1. VRLA Battery
10.7.2. Flooded Battery
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lead-Acid Batteries Demand Share Forecast, 2019-2026
11. Europe Lead-Acid Batteries Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lead-Acid Batteries Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lead-Acid Batteries Market Size and Volume Forecast by Application
11.4.1. Automotive Starter
11.4.2. Motorcycles and Electric Bikes
11.4.3. Forklifts and Other Vehicles
11.4.4. UPS
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lead-Acid Batteries Market Size and Volume Forecast by Type
11.7.1. VRLA Battery
11.7.2. Flooded Battery
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lead-Acid Batteries Demand Share, 2019-2026
12. Asia Pacific Lead-Acid Batteries Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lead-Acid Batteries Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lead-Acid Batteries Market Size and Volume Forecast by Application
12.4.1. Automotive Starter
12.4.2. Motorcycles and Electric Bikes
12.4.3. Forklifts and Other Vehicles
12.4.4. UPS
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lead-Acid Batteries Market Size and Volume Forecast by Type
12.7.1. VRLA Battery
12.7.2. Flooded Battery
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lead-Acid Batteries Demand Share, 2019-2026
13. Middle East & Africa Lead-Acid Batteries Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lead-Acid Batteries Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lead-Acid Batteries Market Size and Volume Forecast by Application
13.4.1. Automotive Starter
13.4.2. Motorcycles and Electric Bikes
13.4.3. Forklifts and Other Vehicles
13.4.4. UPS
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lead-Acid Batteries Market Size and Volume Forecast by Type
13.7.1. VRLA Battery
13.7.2. Flooded Battery
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lead-Acid Batteries Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lead-Acid Batteries Market: Market Share Analysis
14.2. Lead-Acid Batteries Distributors and Customers
14.3. Lead-Acid Batteries Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Johnson Controls
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Exide Technologies
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CSB Battery
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GS Yuasa Corporate
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Enersys
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. EAST PENN Manufacturing
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. FIAMM
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sebang
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Atlasbx
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Amara Raja
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. C&D Technologies
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Trojan
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. NorthStar Battery
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Midac Power
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ACDelco
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Banner batteries
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. First National Battery
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Chaowei Power
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Tianneng Power
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Shoto
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
