PUBLISHER: The Business Research Company | PRODUCT CODE: 1666333
PUBLISHER: The Business Research Company | PRODUCT CODE: 1666333
Advanced lead-acid batteries represent an enhanced version of conventional lead-acid batteries utilized across various applications. They find extensive use in a diverse array of purposes, including small-scale power storage such as UPS (Uninterruptible Power Supply) systems, as well as serving as starting, lighting, and ignition power sources for automobiles.
The primary types of advanced lead-acid batteries include stationary and motive variants. Stationary advanced lead-acid batteries are designed for providing backup power in applications such as telecommunications, UPS, and renewable energy systems. They are constructed using various methods, including flooded and VRLA (Valve-Regulated Lead Acid) battery technologies. These batteries cater to diverse end-users, including utility, transportation, industrial, commercial, and residential sectors.
The advanced lead acid battery market research report is one of a series of new reports from The Business Research Company that provides advanced lead acid battery market statistics, including advanced lead acid battery industry global market size, regional shares, competitors with an advanced lead acid battery market share, detailed advanced lead acid battery market segments, market trends, and opportunities, and any further data you may need to thrive in the advanced lead acid battery industry. This advanced lead acid battery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The advanced lead acid battery market size has grown strongly in recent years. It will grow from$26.15 billion in 2024 to $28.52 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to automotive industry demand, telecommunication infrastructure growth, ups (uninterruptible power supply) systems, grid energy storage projects, demand from industrial applications
The advanced lead acid battery market size is expected to see strong growth in the next few years. It will grow to $40.16 billion in 2029 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to development of smart grids, growing telecom sector, rise in renewable energy installations, expanding e-mobility market, focus on energy storage systems. Major trends in the forecast period include advancements in battery technology, government initiatives for energy storage, enhanced energy density, advanced electrode designs, integration of carbon additives.
The growth of the advanced lead-acid batteries market is expected to be driven by the increasing number of fuel-efficient vehicles. Fuel efficiency refers to the distance a vehicle can travel per unit of fuel consumed, often expressed in miles per gallon (mpg). Advanced lead-acid batteries are essential for supporting a vehicle's electrical system, providing power to applications when the high-voltage system is off and safely initiating the high-voltage battery. For instance, in June 2024, the U.S. Department of Transportation reported that new fuel economy standards are projected to save Americans over $23 billion in fuel costs. These standards aim to enhance vehicle fuel efficiency by 2% annually for passenger cars from 2027 to 2031 and for light trucks from 2029 to 2031, ultimately targeting 50.4 miles per gallon by 2031. Thus, the rise in fuel-efficient vehicles is significantly driving the demand for advanced lead-acid batteries.
The growth of the advanced lead-acid battery market is expected to be significantly boosted by the rising penetration of electric vehicles (EVs). Electric vehicles operate on electricity instead of relying on an internal combustion engine, which generates power through the combustion of fuel and gases. Lead-acid batteries are utilized in electric vehicles to support other battery loads, as they are powerful, cost-effective, safe, and reliable, making them suitable for various applications in commercially available electric-drive vehicles. For example, in January 2024, a report from Kelley Blue Book, a Cox Automotive company, indicated that in 2023, a record 1.2 million car buyers in the United States opted for electric vehicles, representing 7.6% of the total U.S. vehicle market, an increase from 5.9% in 2022. Thus, the growing penetration of electric vehicles is driving demand for advanced lead-acid batteries.
Leading companies in the advanced lead-acid battery sector are concentrating on the development of pure lead technology and valve-regulated lead-acid (VRLA) technology to minimize leakage risks. Pure lead technology employs high-purity lead in the battery plates, which improves performance by lowering internal resistance and reducing corrosion, ultimately extending battery life and boosting efficiency. Meanwhile, VRLA technology features sealed lead-acid batteries that do not require frequent maintenance; they are designed to recombine gases produced during charging and limit electrolyte loss. For example, in May 2023, C&D Technologies, a technology firm based in the US, introduced the pure lead max (PLM) VRLA battery. This high-performance energy storage solution is specifically engineered for uninterruptible power supply (UPS) systems and is particularly well-suited for the rigorous demands of data centers. It incorporates advanced pure lead technology and a unique catalyst design that enhances its performance and durability, supported by an industry-leading eight-year warranty. This cutting-edge design not only extends the battery's lifespan but also significantly reduces resistance and corrosion, leading to a lower total cost of ownership for UPS applications. Furthermore, the PLM battery emphasizes sustainability by utilizing up to 80% recycled materials and being 98% recyclable.
Prominent companies in the advanced lead-acid battery sector are working on groundbreaking technologies like graphene to enhance battery performance. Graphene consists of a single layer of carbon atoms arranged in a two-dimensional honeycomb structure. For example, in January 2024, Ipower Batteries Pvt Ltd, a battery technology company based in India, introduced graphene series lead-acid batteries. This innovation incorporates graphene into the traditional lead-acid battery design, marking a significant advancement in battery technology. The use of graphene improves lead-acid batteries by enhancing conductivity, lowering internal resistance, and boosting overall efficiency. The Graphene series batteries are designed to offer a longer cycle life and faster charging times compared to standard lead-acid batteries. Additionally, these batteries aim to provide a more cost-effective and sustainable energy storage solution.
In August 2022, Schuler, a Germany-based forming technology company, acquired Sovema Group for an undisclosed sum. This acquisition expands Schuler's portfolio in lithium-ion and lead-acid battery parts business, catering to the surging demand for battery manufacturing equipment across Europe and beyond. Sovema Group, based in Italy, specializes in the production of lead-acid batteries.
Major companies operating in the advanced lead acid battery market include Exide Industries Ltd., GS Yuasa International Ltd., Clarios, Amara Raja Group, Chaowei Power Holdings Ltd., Coslight Technology International Group Co. Ltd., Crown Battery, East Penn Manufacturing Company, The Furukawa Battery Co. Ltd., Zhejiang Narada Power Source Co. Ltd., Trojan Battery Company, Tianneng Battery Group Co. Ltd., CSB Energy Technology Co. Ltd., Fiamm Energy Technology S.P.A., Banner Batterien Ltd., First National Battery, Camel Group Co. Ltd., Enersys, Leoch International Technology Limited Inc., C&D Technologies Inc., KOYO BATTERY CO. Ltd., PT. Astra Otoparts Tbk, Robert Bosch GmbH, Thai Bellco Battery Co. Ltd., HOPPECKE Batterien, Hitachi Chemical Energy Technology, Blackridge Research & Consulting, Panasonic Holdings Corporation, Midac Batteries SpA
Asia-Pacific was the largest region in the Advanced Lead Acid Battery market in 2024. The regions covered in the advanced lead acid battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the advanced lead acid battery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The advanced lead acid battery market consists of sales of UPS (uninterruptible power supplies), and battery components. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Advanced Lead Acid Battery Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on advanced lead acid battery market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for advanced lead acid battery ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The advanced lead acid battery market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.