Lead-Acid Battery Market By Product, By Construction Method (Flooded, Valve Regulated Sealed Lead-acid battery ), By Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

List of Tables

The global lead-acid battery market was valued at $52.1 billion in 2022, and is projected to reach $81.4 billion by 2032, growing at a CAGR of 4.6% from 2023 to 2032.

Introduction

A lead-acid battery is a type of rechargeable battery that utilizes a chemical reaction involving lead dioxide and lead to generate electrical energy. It falls under the category of secondary batteries, which means it can be charged and discharged multiple times. Lead-acid batteries are widely used for various applications due to their reliability, cost-effectiveness, and well-established technology.

The basic construction of a lead-acid battery consists of lead dioxide (PbO2) as the positive electrode (cathode), metallic lead (Pb) as the negative electrode (anode), and sulfuric acid (H2SO4) as the electrolyte. During discharge, the lead dioxide undergoes a chemical reaction with the lead, producing lead sulfate (PbSO4) and releasing electrical energy. In the charging process, this reaction is reversed, converting lead sulfate back into lead dioxide and metallic lead.

Lead-acid batteries are known for their robustness and ability to deliver a high current, making them suitable for applications such as automotive starting batteries, uninterruptible power supplies (UPS), and backup power systems. They are also commonly used in off-grid renewable energy systems, providing a reliable and cost-effective energy storage solution.

There are different types of lead-acid batteries, including traditional flooded batteries, where the electrodes are immersed in a liquid electrolyte, as well as advanced variants like sealed lead-acid batteries, which include Absorbent Glass Mat (AGM) and Gel batteries. These advanced types offer maintenance-free operation and is positioned in various orientations without the risk of electrolyte leakage.

Market Dynamics

The lead-acid battery market is experiencing a notable surge driven by key factors that underscore its adaptability and continued relevance in the evolving energy landscape. A significant catalyst is the industry's shift towards advanced lead-acid technologies, such as enhanced flooded batteries (EFB) and absorbent glass mat (AGM) batteries. These advanced variants offer superior performance, longer cycle life, and reduced maintenance requirements, addressing the demand for more efficient and sustainable energy storage solutions. In addition, rise in demand for renewable energy systems, particularly in off-grid applications, has propelled the lead-acid battery market growth. As renewable energy installations witness substantial growth, lead-acid batteries play a crucial role in storing and supplying power during intermittent energy production, contributing to grid stability. Also, ongoing R&D efforts are focused on technological innovations aimed at enhancing the overall performance of lead-acid batteries. These innovations, targeting improved energy density, charge efficiency, and environmental impact, underscore the industry's commitment to staying at the forefront of technological advancements, ensuring the lead-acid battery market remains a pivotal player in the broader spectrum of energy storage solutions.

Rise in competition from lithium-ion batteries is one significant restraint for the market growth. With advancements in technology and decreasing costs, lithium-ion batteries have gained prominence, particularly in applications that demand higher energy density and lighter weight. This heightened competition poses a threat to the traditional dominance of lead-acid batteries, compelling market participants to strategize and innovate to maintain their competitive edge.

Moreover, environmental concerns and recycling challenges constitute another formidable restraint for the lead-acid battery market. The lead content in these batteries raises environmental apprehensions, necessitating stringent regulations and responsible disposal methods. Recycling initiatives are imperative, yet the complexities and costs associated with proper recycling processes impact the economic viability of lead-acid batteries. Addressing these environmental concerns and establishing efficient recycling practices are crucial for the sustainable growth of the lead-acid battery market, as heightened awareness of environmental impacts continues to shape consumer preferences and regulatory frameworks. Navigating these challenges requires a concerted effort from industry stakeholders to strike a balance between technological evolution, market competitiveness, and environmental responsibility.

The lead-acid battery market is poised to capitalize on several promising opportunities that shape its growth toward sustained growth and innovation. Exploration of emerging markets and applications is one such opportunity. As industries continue to evolve, lead-acid batteries find new and diverse applications, such as electric mobility, grid storage, and remote power systems. The adaptability of lead-acid batteries positions them to meet the unique demands of these emerging markets, fostering expansion and diversification.

Furthermore, strategic collaborations and partnerships emerge as a key opportunity for the lead-acid battery market. Collaborative efforts between industry players, research institutions, and government bodies drive technological advancements, accelerate innovation, and expand market reach. Strategic partnerships may involve joint ventures, research and development initiatives, or distribution agreements, fostering a synergistic approach that combines expertise and resources. These collaborations enable the exchange of knowledge and resources, enhancing the overall competitiveness and market positioning of lead-acid batteries.

Embracing opportunities in emerging markets and forging strategic collaborations not only stimulates growth but also positions the lead-acid battery market as a dynamic player in the broader energy storage landscape. The industry's proactive engagement with these opportunities demonstrates its commitment to staying at the forefront of technological advancements and market trends, ensuring a resilient and forward-looking trajectory for lead-acid batteries.

Segments Overview

The lead-acid battery market is segmented on the basis of product, construction method, application, and region. By the product, it is segmented into SLI, stationary, and motive. By construction, it is bifurcated into the flooded lead-acid battery and valve regulated sealed lead-acid battery (VRLA). By application, the lead-acid battery market is divided into automotive, UPS, telecom, and others. The automotive segment is further divided into passenger cars, electric bikes, and transportation vehicles. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major companies profiled in this report are EnerSys, Crown Battery, East Penn Manufacturing Company, Inc., HOPPECKE, NorthStar, Hitachi Ltd., Exide Technologies, LLC, Teledyne Technologies Incorporated, Hankook AltasBX, and C&D Technologies. The decline in the cost price of lead-acid battery and the increase in awareness among the people regarding the advantages of utilization of solar energy have a positive impact on the lead-acid battery market. Additional growth strategies such as an expansion of storage capacities, acquisition, partnership, and research & innovation in the optimization and improvement of efficiency and reliability have led to key developments in the global lead-acid battery market trends.

Key Market Trends

On the basis of product, the SLI segment registered the highest accounting for nearly three-fifths of the market share and is projected to maintain the same during the forecast period.

On the basis of construction method, flooded segment registered the highest market share accounting for nearly three-fourth of the market share in 2022.

On the basis of application, automotive segment dominates the highest market share accounting for nearly three-fifths of the market share in 2022.

On the basis of region, Asia-Pacific dominates the market, accounting for nearly two-fifths of the market share in 2022.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the lead-acid battery market analysis from 2022 to 2032 to identify the prevailing lead-acid battery market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the lead-acid battery market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global lead-acid battery market trends, key players, market segments, application areas, and market growth strategies.

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Analysis of raw material in a product (by %)
Manufacturing Capacity
Investment Opportunities
Upcoming/New Entrant by Regions
Technology Trend Analysis
Market share analysis of players by products/segments
New Product Development/ Product Matrix of Key Players
Regulatory Guidelines
Strategic Recommedations
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Brands Share Analysis
Expanded list for Company Profiles
Historic market data
Import Export Analysis/Data

Key Market Segments

By Product

SLI
Stationary
Motive

By Construction Method

Flooded
Valve Regulated Sealed Lead-acid battery (VRLA)

By Application

Automotive
- Type
- Passenger Cars
- Electric Bikes
- Transport Vehicles
UPS
Telecom
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA

Key Market Players:

EnerSys
Crown Battery
East Penn Manufacturing Company, Inc.
HOPPECKE
NorthStar
Hitachi Ltd (Hitachi Chemical Co Ltd)
Exide Technologies, LLC
Teledyne Technologies Incorporated
Hankook AltasBX
C&D Technologies

Product Code: A05962

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
3.5. Value Chain Analysis
3.6. Key Regulation Analysis
3.7. Patent Landscape

CHAPTER 4: LEAD-ACID BATTERY MARKET, BY PRODUCT

4.1. Overview
- 4.1.1. Market size and forecast
4.2. SLI
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Stationary
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Motive
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country

CHAPTER 5: LEAD-ACID BATTERY MARKET, BY CONSTRUCTION METHOD

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Flooded
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Valve Regulated Sealed Lead-acid battery (VRLA)
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: LEAD-ACID BATTERY MARKET, BY APPLICATION

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Automotive
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.2.4. Automotive Lead-Acid Battery Market by Type
  - 6.2.4.1. Passenger Cars Market size and forecast, by region
  - 6.2.4.2. Passenger Cars Market size and forecast, by country
  - 6.2.4.3. Electric Bikes Market size and forecast, by region
  - 6.2.4.4. Electric Bikes Market size and forecast, by country
  - 6.2.4.5. Transport Vehicles Market size and forecast, by region
  - 6.2.4.6. Transport Vehicles Market size and forecast, by country
6.3. UPS
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Telecom
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
6.5. Others
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country

CHAPTER 7: LEAD-ACID BATTERY MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Product
- 7.2.3. Market size and forecast, by Construction Method
- 7.2.4. Market size and forecast, by Application
  - 7.2.4.1. North America Automotive Lead-Acid Battery Market by Type
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Market size and forecast, by Product
  - 7.2.5.1.2. Market size and forecast, by Construction Method
  - 7.2.5.1.3. Market size and forecast, by Application
  - 7.2.5.1.3.1. U.S. Automotive Lead-Acid Battery Market by Type
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Market size and forecast, by Product
  - 7.2.5.2.2. Market size and forecast, by Construction Method
  - 7.2.5.2.3. Market size and forecast, by Application
  - 7.2.5.2.3.1. Canada Automotive Lead-Acid Battery Market by Type
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Market size and forecast, by Product
  - 7.2.5.3.2. Market size and forecast, by Construction Method
  - 7.2.5.3.3. Market size and forecast, by Application
  - 7.2.5.3.3.1. Mexico Automotive Lead-Acid Battery Market by Type
7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Product
- 7.3.3. Market size and forecast, by Construction Method
- 7.3.4. Market size and forecast, by Application
  - 7.3.4.1. Europe Automotive Lead-Acid Battery Market by Type
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Market size and forecast, by Product
  - 7.3.5.1.2. Market size and forecast, by Construction Method
  - 7.3.5.1.3. Market size and forecast, by Application
  - 7.3.5.1.3.1. Germany Automotive Lead-Acid Battery Market by Type
  - 7.3.5.2. France
  - 7.3.5.2.1. Market size and forecast, by Product
  - 7.3.5.2.2. Market size and forecast, by Construction Method
  - 7.3.5.2.3. Market size and forecast, by Application
  - 7.3.5.2.3.1. France Automotive Lead-Acid Battery Market by Type
  - 7.3.5.3. Italy
  - 7.3.5.3.1. Market size and forecast, by Product
  - 7.3.5.3.2. Market size and forecast, by Construction Method
  - 7.3.5.3.3. Market size and forecast, by Application
  - 7.3.5.3.3.1. Italy Automotive Lead-Acid Battery Market by Type
  - 7.3.5.4. Spain
  - 7.3.5.4.1. Market size and forecast, by Product
  - 7.3.5.4.2. Market size and forecast, by Construction Method
  - 7.3.5.4.3. Market size and forecast, by Application
  - 7.3.5.4.3.1. Spain Automotive Lead-Acid Battery Market by Type
  - 7.3.5.5. UK
  - 7.3.5.5.1. Market size and forecast, by Product
  - 7.3.5.5.2. Market size and forecast, by Construction Method
  - 7.3.5.5.3. Market size and forecast, by Application
  - 7.3.5.5.3.1. UK Automotive Lead-Acid Battery Market by Type
  - 7.3.5.6. Rest of Europe
  - 7.3.5.6.1. Market size and forecast, by Product
  - 7.3.5.6.2. Market size and forecast, by Construction Method
  - 7.3.5.6.3. Market size and forecast, by Application
  - 7.3.5.6.3.1. Rest of Europe Automotive Lead-Acid Battery Market by Type
7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Product
- 7.4.3. Market size and forecast, by Construction Method
- 7.4.4. Market size and forecast, by Application
  - 7.4.4.1. Asia-Pacific Automotive Lead-Acid Battery Market by Type
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Market size and forecast, by Product
  - 7.4.5.1.2. Market size and forecast, by Construction Method
  - 7.4.5.1.3. Market size and forecast, by Application
  - 7.4.5.1.3.1. China Automotive Lead-Acid Battery Market by Type
  - 7.4.5.2. Japan
  - 7.4.5.2.1. Market size and forecast, by Product
  - 7.4.5.2.2. Market size and forecast, by Construction Method
  - 7.4.5.2.3. Market size and forecast, by Application
  - 7.4.5.2.3.1. Japan Automotive Lead-Acid Battery Market by Type
  - 7.4.5.3. India
  - 7.4.5.3.1. Market size and forecast, by Product
  - 7.4.5.3.2. Market size and forecast, by Construction Method
  - 7.4.5.3.3. Market size and forecast, by Application
  - 7.4.5.3.3.1. India Automotive Lead-Acid Battery Market by Type
  - 7.4.5.4. South Korea
  - 7.4.5.4.1. Market size and forecast, by Product
  - 7.4.5.4.2. Market size and forecast, by Construction Method
  - 7.4.5.4.3. Market size and forecast, by Application
  - 7.4.5.4.3.1. South Korea Automotive Lead-Acid Battery Market by Type
  - 7.4.5.5. Australia
  - 7.4.5.5.1. Market size and forecast, by Product
  - 7.4.5.5.2. Market size and forecast, by Construction Method
  - 7.4.5.5.3. Market size and forecast, by Application
  - 7.4.5.5.3.1. Australia Automotive Lead-Acid Battery Market by Type
  - 7.4.5.6. Rest of Asia-Pacific
  - 7.4.5.6.1. Market size and forecast, by Product
  - 7.4.5.6.2. Market size and forecast, by Construction Method
  - 7.4.5.6.3. Market size and forecast, by Application
  - 7.4.5.6.3.1. Rest of Asia-Pacific Automotive Lead-Acid Battery Market by Type
7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Product
- 7.5.3. Market size and forecast, by Construction Method
- 7.5.4. Market size and forecast, by Application
  - 7.5.4.1. LAMEA Automotive Lead-Acid Battery Market by Type
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Brazil
  - 7.5.5.1.1. Market size and forecast, by Product
  - 7.5.5.1.2. Market size and forecast, by Construction Method
  - 7.5.5.1.3. Market size and forecast, by Application
  - 7.5.5.1.3.1. Brazil Automotive Lead-Acid Battery Market by Type
  - 7.5.5.2. South Africa
  - 7.5.5.2.1. Market size and forecast, by Product
  - 7.5.5.2.2. Market size and forecast, by Construction Method
  - 7.5.5.2.3. Market size and forecast, by Application
  - 7.5.5.2.3.1. South Africa Automotive Lead-Acid Battery Market by Type
  - 7.5.5.3. Saudi Arabia
  - 7.5.5.3.1. Market size and forecast, by Product
  - 7.5.5.3.2. Market size and forecast, by Construction Method
  - 7.5.5.3.3. Market size and forecast, by Application
  - 7.5.5.3.3.1. Saudi Arabia Automotive Lead-Acid Battery Market by Type
  - 7.5.5.4. Rest of LAMEA
  - 7.5.5.4.1. Market size and forecast, by Product
  - 7.5.5.4.2. Market size and forecast, by Construction Method
  - 7.5.5.4.3. Market size and forecast, by Application
  - 7.5.5.4.3.1. Rest of LAMEA Automotive Lead-Acid Battery Market by Type

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. EnerSys
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
9.2. Crown Battery
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
9.3. East Penn Manufacturing Company, Inc.
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
9.4. HOPPECKE
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
9.5. NorthStar
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
9.6. Hitachi Ltd (Hitachi Chemical Co Ltd)
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
9.7. Exide Technologies, LLC
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
9.8. Teledyne Technologies Incorporated
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
9.9. Hankook AltasBX
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
9.10. C&D Technologies
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments