PUBLISHER: Renub Research | PRODUCT CODE: 1594285
PUBLISHER: Renub Research | PRODUCT CODE: 1594285
Lead Acid Battery Market Size
Lead Acid Battery market is expected to grow from US$ 41.39 billion in 2024 to US$ 60.31 billion by 2033, with a CAGR of 4.27% from 2025 to 2033. The market will gain further momentum on the back of an increasing demand for reliable power backup in critical infrastructure, a demand for batteries that could deliver high currents swiftly, and a rising consumer preference for renewable energy solutions.
Global Lead Acid Battery Industry Overview
A Lead Acid Battery is a rechargeable battery using lead and lead dioxide plates submerged in an electrolyte of sulfuric acid to generate electrical energy. Perceived for their durability and capacity to deliver surge currents, lead acid batteries are one of the oldest and most widely used energy storage systems. There are two main types: flooded lead acid batteries, which must be maintained by topping them up with water from time to time, and sealed (or valve-regulated) lead acid batteries, which are maintenance-free and commonly used in enclosed applications.
Lead acid batteries have a number of applications, mainly on the grounds of dependability and relatively low price. The power automobiles - car, motorcycle, and forklift cars - because they deliver the high level of current needed to turn over engines. Lead acid batteries also play the critical role of backup power in hospitals, telecommunications, and data centers where uninterrupted power is required. They are also used in renewable energy systems as well as UPS units because they are reliable.
Growth Drivers for the Lead Acid Battery Market
Growing Demand for Reliable Power Backup Solutions
Growing critical infrastructure such as data centers, healthcare facilities, and telecommunication infrastructure are triggering an expansion in demand for reliable power backup solutions. Lead-acid batteries lead the market for UPS applications primarily because of their cost-effectiveness and ability to deliver immediate, high surge currents. This reliability in power outages or fluctuations ensures continuity of essential services in their operations. The growing reliance of industries on continuous connectivity and high uptime will continue to increase demand for lead acid batteries as a reliable backup source, supporting market expansion in developed and emerging regions.
Growth of the Automotive Sector
A significant user of lead acid batteries is the automobile industries, requiring power supplies from such batteries for the starting of their vehicles and to power up the electrical systems. All said and done with the technological improvement in lead acid batteries, which finally renders them having higher amp-hour capacities and long life cycles, yet lead acid batteries occupy a prime position in conventional vehicles due to cost-effectiveness, recyclability, and the ability to supply high current shortly. Growing sales in automobiles, especially in developing economies, mean more demand for the same. In addition, the increasing electrification of vehicle components and the growth in hybrid vehicles increase the demand for advanced lead acid batteries even further.
Emerging Renewable Energy and Energy Storage Systems
Lead acid batteries play an essential role in the storage systems of energy, mainly for installations relying on renewable energy, stored for later use. This is also likely to continue as the development of solar and wind energy gains momentum, making lead acid batteries a hot product in off-grid and backup energy storage applications due to their affordability and reliability. Moreover, lead acid batteries are highly recyclable, making them much more sustainable than the renewable energy targets. As such, the surge in renewable energy storage is driving steady market growth for lead acid batteries.
USA Lead Acid Battery Market
The US Lead Acid Battery market is robust with a stable base of consumers such as in the automotive, industrial, and for backup power. Lead-acid batteries are still considered the mainstream component in the powertrain and electrical system for automobiles and are used in industries that require an energy storage source with a reliable application such as for telecom and healthcare solutions as well as for data centers relying on UPS devices. This market is witnessing a boost due to the rise of installations of renewable energy sources and increasing demand for low-cost energy storage solutions. Apart from this, government policies and incentives in pursuit of energy efficiency have boosted the demand for lead acid batteries.
France Lead Acid Battery Market
The France Lead Acid Battery market is growing steadily due to growth from the automotive, industrial, and energy sectors. Lead acid batteries have the widest market due to the increasing volumes of the automotive industry in powering most vehicle applications for starting engines and for electrical systems in vehicles. On the other hand, these batteries are crucial for backup power equipment for all critical infrastructure - hospitals, telecommunications, data centers, and so on. Increased emphasis in France on renewable energy resources is also boosting the demand for energy storage products, where lead acid batteries are one of the most economically viable sources for off-grid and backup purposes, further motivated by policies and favorable governmental initiatives promoting measures for energy efficiency and green technologies.
China Lead Acid Battery Market
China Lead Acid Battery market is witnessing a major surge as a result of growing automotive, industrial uses, and energy storage solutions. Lead acid batteries are now an integral part of modern vehicles for automobiles, trucks, and electric vehicles (EVs), in which the lead acid battery will start and run vehicle engines and auxiliary systems dependably. In critical applications like telecommunications, data centers, and healthcare, lead acid backup power systems are used. China is fast adopting solar and wind as the new sources of renewable energy. This, in turn, enhances the demand for such energy storage systems for lead acid batteries as they still are the most cost-effective and suitable solution. Government moves towards supporting adoption of electrical vehicles and efficient energy use further drive growth.
UAE Lead Acid Battery Market
UAE Lead Acid Battery market is expected to grow steadily with growing demand in reliable power storage and automotive applications. Lead acid batteries are mainly applied in vehicles for engine starting and powering electrical systems, with growing automotive sectors in the UAE sustaining market growth. Additionally, demand for backup power solutions continues to grow in telecommunication, healthcare, and data centers, wherein lead acid batteries dominate the uninterruptible power supply category. In the UAE, the need for renewable energy sources, particularly solar-based sources, has made the focus change in terms of the interest in developing cheap energy storage technologies. Lead acid batteries remain the most widely used energy storage technologies; governments' initiatives into sustainable energy solutions have expanded this market.
Lead Acid Battery Company Analysis
The major participants in the Lead Acid Battery market includes EnerSys, Exide Industries Limited, GS Yuasa Corporation, HBL Power Systems Limited, Leoch International Technology Limited, Panasonic Holdings Corporation, Teledyne Technologies Incorporated, etc.
Lead Acid Battery Company News
In June 2023, EnerSys said it has started a non-binding Memorandum of Understanding with Verkor SAS - a prominent player in battery technology in Europe in order to explore the possibility of building a lithium battery gigafactory in the United States.
In May 2023: Energy storage solutions provider C&D Technologies, a world leader in the uninterruptible power supplies sector for the data center market, introduced its Pure Lead Max (PLM) VRLA battery that debuts as the company's longest-lasting VRLA for UPS systems. Its industry-leading eight-year warranty makes it one of the most durable products on the market.
In May 2023, EnerSys launched ODYSSEY Connect patented technology that will actively track and monitor a variety of battery performance and health metrics for optimal performance. The data is then transmitted to any Apple or AndroidTM smart device using Bluetooth.
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Construction Method- Industry is divided into 2 viewpoints:
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Application- Industry is divided into 4 viewpoints:
Countries- Industry is divided into 25 viewpoints:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
All companies have been covered with 5 Viewpoints
Company Analysis