Asia Pacific Lead Acid Battery Market Size - By Application (Stationary, Motive, SLI ), By Construction (Flooded, VRLA ), By Sales Channel (OEM, Aftermarket) & Forecast, 2023

Description

List of Tables

Asia Pacific lead acid battery market size is expected to expand at more than 3% CAGR from 2023 to 2032. The rapid industrialization, coupled with the growing need for backup power solutions in commercial and industrial sectors, has been a prominent driving force. Furthermore, the escalating demand for energy storage solutions, driven by the shift toward renewable energy sources, has contributed to the industry growth.

Additionally, the changing preference of automotive sector for lead acid batteries due to their superior cranking power and reliability is shaping the market's growth trajectory. According to a recent study, the export of automobiles in India is increasing with each year, with a growth of 35.9% in 2021-22, which is expected to grow in the coming years.

Asia Pacific lead acid battery market is divided based on application, construction, sales channel, and region.

The SLI application segment is predicted to witness substantial growth through 2032, favored by the escalating sales of automobiles and the increasing focus on improving vehicle performance and efficiency. SLI batteries ensure reliable starting power, efficient lighting, and seamless ignition, thereby propelling their adoption across various automotive applications, including passenger vehicles, commercial vehicles, and motorcycles.

The flooded construction segment is anticipated to record a strong CAGR from 2023 to 2032, fueled by widespread utilization of these batteries across various industries. Flooded lead acid batteries, known for their robust construction and ability to withstand harsh operating conditions, have found extensive applications in telecommunications, uninterruptible power supply (UPS) systems, and other industrial equipment. The durability and cost-effectiveness of these batteries have made them a preferred choice for users seeking reliable and long-lasting power solutions.

India lead acid battery market will generate massive revenues by 2032, owing to the country's burgeoning industrial and automotive sectors. With the government's emphasis on promoting sustainable energy solutions and the rising deployment of renewable energy projects, the demand for lead acid batteries in India has witnessed a notable upsurge. Furthermore, the increasing investments in infrastructure development and the expanding manufacturing sector will create lucrative opportunities for the battery manufacturers in India in the coming years.

Product Code: 6661

Chapter 1 Methodology & Scope

1.1 Market scope and definitions
1.2 Market estimates & forecast parameters
- 1.2.1 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Unpaid sources

Chapter 2 Asia Pacific Lead Acid Battery Industry Insights

2.1 Industry ecosystem analysis
- 2.1.1 Vendor Matrix
2.2 Regulatory landscape
2.3 COVID- 19 impact on the industry outlook
2.4 Industry impact forces
- 2.4.1 Growth drivers
- 2.4.2 Industry pitfalls & challenges
2.5 Growth potential analysis
2.6 Porter's Analysis
- 2.6.1 Bargaining power of suppliers
- 2.6.2 Bargaining power of buyers
- 2.6.3 Threat of new entrants
- 2.6.4 Threat of substitutes
2.7 PESTEL Analysis

Chapter 3 Competitive Benchmarking

3.1 Competitive landscape, 2022
- 3.1.1 Strategic dashboard
3.2 Innovation & technology landscape

Chapter 4 Asia Pacific Lead Acid Battery Market, By Application (Units & USD)

4.1 Key trends, by application
4.2 Stationary
- 4.2.1 Telecommunications
- 4.2.2 UPS
- 4.2.3 Control & Switchgear
- 4.2.4 Others
4.3 Motive
4.4 SLI
- 4.4.1 Automobiles
- 4.4.2 Motorcycles

Chapter 5 Asia Pacific Lead Acid Battery Market, By Construction (Units & USD)

5.1 Key trends, by construction
5.2 Flooded
5.3 VRLA
- 5.3.1 AGM
- 5.3.2 GEL

Chapter 6 Asia Pacific Lead Acid Battery Market, By Channel (Units & USD)

6.1 Key trends, by channel
6.2 OEM
6.3 Aftermarket

Chapter 7 Asia Pacific Lead Acid Battery Market, By Country (Units & USD)

7.1 Key trends, by country
7.2 China
7.3 Japan
7.4 India
7.5 South Korea
7.6 Australia
7.7 Indonesia
7.8 Malaysia
7.9 Thailand
7.10 Philippines
7.11 Vietnam
7.12 Singapore

Chapter 8 Company Profiles

8.1 Clarios
8.2 GS Yuasa International Ltd.
8.3 East Penn Manufacturing Company
8.4 C&D Technologies Inc.
8.5 Leoch International Technology Limited Inc.
8.6 Zibo Torch Energy Co. Ltd.
8.7 B.B. Battery
8.8 HOPPECKE Battery GmbH & Co.
8.9 Furukawa Battery Co., Ltd.
8.10 First National Battery
8.11 Chaowei Power Holdings Limited
8.12 Middle East Battery Company
8.13 EnerSys
8.14 Exide Industries Limited
8.15 MUTLU
8.16 Amara Raja Group
8.17 Crown Battery
8.18 Narada Asia Pacific Pte. Ltd.
8.19 A123 Systems, LLC
8.20 HBL Power System
8.21 Okaya Power Pvt. Ltd.
8.22 Luminous