Global Lead Acid Battery Market Size Study, by Type (Flooded, VRLA), by Application (SLI, Stationary, E-Bikes, Low-Speed EVs, Others), and Regional Forecasts 2022-2032

Description

Global Lead Acid Battery Market was valued at USD 45.84 billion in 2023, registering a CAGR of 5.23% during the forecast period from 2024 to 2032. Lead acid batteries have been a stalwart in the battery market due to their long-standing reputation for reliability, cost-effectiveness, and ability to provide high surge currents. This market continues to flourish in several sectors, notably in automotive, industrial, and renewable energy storage applications. Despite the growing competition from emerging battery technologies, lead acid batteries retain a crucial position in global markets due to their established recycling infrastructure and widespread use across multiple industries.

The Global Lead Acid Battery Market is driven by accelerating demand for electric vehicles (EVs), which rely on lead acid batteries for starting, lighting, and ignition (SLI) purposes. Additionally, the battery's role in stationary power systems and backup applications, particularly in industrial and renewable energy settings, further reinforces its importance. However, challenges such as the competition posed by lithium-ion batteries, with their superior energy density and lifecycle, temper market expansion. Nevertheless, the growing adoption of lead acid batteries in the renewable energy sector and advancements in environmentally sustainable battery recycling technologies offer significant growth opportunities for the market in the coming years.

North America currently leads the global market, underpinned by strong demand in automotive and energy storage systems. This region is marked by significant investments in renewable energy infrastructure, further driving the adoption of lead acid batteries. Asia-Pacific, however, is emerging as the fastest-growing region, spurred by the rapid industrialization and growing automotive industry in countries such as China and India. The region's surging EV market and government-led initiatives promoting clean energy are contributing to its robust growth trajectory, positioning Asia-Pacific as a key regional player in the global market landscape.

Major market players included in this report are:

Brookfield Business Partners
GS Yuasa
EnerSys
Exide Industries Ltd.
East Penn Manufacturing
FENGFAN
Luminous Power Technologies Pvt. Ltd.
FIAMM
HBL Power Systems Ltd.
Amara Raja Batteries Ltd.
Su-Kam Power Systems Ltd.
Crown Battery
Leoch International Technology Limited
Hitachi Chemical Co. Ltd.
Hoppecke Batteries

The detailed segments and sub-segment of the market are explained below:

By Type:

Flooded
VRLA (Valve Regulated Lead Acid)

By Application:

SLI (Starting, Lighting, Ignition)
Stationary
E-Bikes
Low-Speed EVs
Others

By Region:

North America

U.S.
Canada

Europe

U.K.
Germany
France
Spain
Italy
ROE (Rest of Europe)

Asia-Pacific

China
India
Japan
Australia
South Korea
RoAPAC (Rest of Asia-Pacific)

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
RoMEA (Rest of Middle East & Africa)

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of the competitive structure of the market.
Demand-side and supply-side analysis of the market

Chapter 1. Global Lead Acid Battery Market Executive Summary

1.1. Global Lead Acid Battery Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Lead Acid Battery Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Lead Acid Battery Market Dynamics

3.1. Market Drivers
- 3.1.1. Demand from Electric Vehicles (EVs)
- 3.1.2. Rising Renewable Energy Storage
- 3.1.3. Growth in Automotive Applications
3.2. Market Challenges
- 3.2.1. Competition from Lithium-Ion and Other Advanced Batteries
- 3.2.2. Environmental Concerns and Regulations
- 3.2.3. High Maintenance Costs of Lead-Acid Batteries
3.3. Market Opportunities
- 3.3.1. Advancements in Battery Recycling Technologies
- 3.3.2. Increasing Demand from Industrial and Stationary Applications
- 3.3.3. Expanding Adoption in Emerging Economies

Chapter 4. Global Lead Acid Battery Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Lead Acid Battery Market Size & Forecasts by Type (2022-2032)

5.1. Segment Dashboard
5.2. Global Lead Acid Battery Market: Type Revenue Trend Analysis (USD Billion)
- 5.2.1. Flooded
- 5.2.2. VRLA

Chapter 6. Global Lead Acid Battery Market Size & Forecasts by Application (2022-2032)

6.1. Segment Dashboard
6.2. Global Lead Acid Battery Market: Application Revenue Trend Analysis (USD Billion)
- 6.2.1. SLI
- 6.2.2. Stationary
- 6.2.3. E-Bikes
- 6.2.4. Low-Speed EVs
- 6.2.5. Others

Chapter 7. Global Lead Acid Battery Market Size & Forecasts by Region (2022-2032)

7.1. North America Lead Acid Battery Market
- 7.1.1. U.S. Lead Acid Battery Market
- 7.1.2. Canada Lead Acid Battery Market
7.2. Europe Lead Acid Battery Market
- 7.2.1. U.K. Lead Acid Battery Market
- 7.2.2. Germany Lead Acid Battery Market
- 7.2.3. France Lead Acid Battery Market
- 7.2.4. Spain Lead Acid Battery Market
- 7.2.5. Italy Lead Acid Battery Market
- 7.2.6. Rest of Europe Lead Acid Battery Market
7.3. Asia-Pacific Lead Acid Battery Market
- 7.3.1. China Lead Acid Battery Market
- 7.3.2. India Lead Acid Battery Market
- 7.3.3. Japan Lead Acid Battery Market
- 7.3.4. Australia Lead Acid Battery Market
- 7.3.5. South Korea Lead Acid Battery Market
- 7.3.6. Rest of Asia-Pacific Lead Acid Battery Market
7.4. Latin America Lead Acid Battery Market
- 7.4.1. Brazil Lead Acid Battery Market
- 7.4.2. Mexico Lead Acid Battery Market
- 7.4.3. Rest of Latin America Lead Acid Battery Market
7.5. Middle East & Africa Lead Acid Battery Market
- 7.5.1. Saudi Arabia Lead Acid Battery Market
- 7.5.2. South Africa Lead Acid Battery Market
- 7.5.3. Rest of Middle East & Africa Lead Acid Battery Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Brookfield Business Partners
- 8.1.2. GS Yuasa
- 8.1.3. EnerSys
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Brookfield Business Partners
- 8.3.2. GS Yuasa
- 8.3.3. EnerSys
- 8.3.4. Exide Industries Ltd.
- 8.3.5. East Penn Manufacturing
- 8.3.6. FENGFAN
- 8.3.7. Luminous Power Technologies Pvt. Ltd.
- 8.3.8. FIAMM
- 8.3.9. HBL Power Systems Ltd.
- 8.3.10. Amara Raja Batteries Ltd.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes