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PUBLISHER: The Business Research Company | PRODUCT CODE: 1217124

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1217124

Lead Acid Batteries Global Market Report 2023

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“Lead Acid Batteries Global Market Report 2023 ” 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 lead acid batteries 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.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for lead acid batteries ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The lead acid batteries 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.

Scope

Markets Covered:

1) By Type: Stationary; Motive

2) By Technology: Basic Lead Acid Battery; Advanced Lead Acid Battery

3) By Construction Method: Flooded; Valve Regulated Lead Acid (VRLA)

4) By End User: Transportation; Industrial; Residential; Commercial

Companies Mentioned: EnerSys; Exide Industries; GS Yuasa; Clarios; Panasonic

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the lead-acid batteries market are: EnerSys, Exide Industries, GS Yuasa, Clarios, Panasonic, Chaowei Power, Narada Power, HBL Power Systems, Crown Battery, and NorthStar.

The global lead acid batteries market is expected to grow from $41.33 billion in 2021 to $45.42 billion in 2022 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The lead-acid batteries market is expected to reach $56.55 billion in 2026 at a CAGR of 5.6%.

The lead-acid batteries market consists of sales of sealed and flooded batteries . 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.

Lead-acid batteries are bigger and store a high amount of energy. These batteries are generally used in automobiles, uninterruptible power supply (UPS), telecommunications, and inverters attributed to their requirement for a high-power supply.

Asia-Pacific was the largest region in the lead-acid batteries market in 2021. The regions covered in the lead-acid batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main types of lead-acid batteries are stationary and motive. Stationary lead-acid batteries are utilized in conjunction with a backup power device such as an inverter or a UPS to provide the necessary backup to the equipment being powered. SLA batteries with lower capacities are utilized in devices such as emergency lighting and security equipment. The various technologies used are Basic Lead Acid Battery; Advanced Lead Acid Battery is constructed through the Flooded and Valve Regulated Lead Acid (VRLA) method. The various end-users include transportation, industrial, residential and commercial end-users.

Growing demand in the automobile industry contributed to the growth of the lead-acid batteries market. Rising research and development activities in the automotive lead-acid battery industry, coupled with government initiatives for electric vehicles are propelling the growth of the global automotive market, thereby increasing the demand for lead-acid batteries. For instance, in October 2022, according to the Indian Brand Equity Foundation (IBEF), India-based, an India-based government agency for providing economic information, incentives of US$ 3.5 billion are proposed by the Indian government as part of a revised program to promote the production and export of clean technology vehicles over five years until 2026. Additionally, as of June 2021, 87,659 electric vehicles had received incentive support, 6,265 electric buses had been approved for usage by various state/city transportation undertakings, and Rs. 871 crores (US$ 117 million) had been spent under the FAME-II plan. The increasing adoption of lead-acid batteries in electric vehicles along with growing government initiatives to promote electric vehicles is anticipated to drive the demand for the lead-acid battery market in the forecast period.

The declining price of lithium-ion batteries strongly challenges the lead-acid batteries market and restrains the market. Lithium-Ion batteries are cost-effective with offered characteristics such as high energy storage, depth of discharge, increased life span, and better performance and are popularly used in electric vehicles, and military and aerospace applications. According to the Our World in Data article published in June 2021, a UK -based non-profit organization for research and data, in the past three decades, the cost of lithium-ion battery cells has decreased by 97%. Therefore, the decrease in prices of lithium-ion batteries is challenging the demand for the lead-acid market.

The introduction of an absorbent glass mat (AGM), a lead-acid battery with a lower weight, better electrical reliability, and higher performance is contributing to higher demand for lead-acid batteries. According to Battery University, AGM is a preferred battery for upscale motorbikes, owing to features such as reduced weight, lesser acid spilling, and good performance at cold temperatures. These batteries are also gaining traction in motor home, marine, and robotic applications. Therefore, advancements in lead-acid batteries will generate higher demand for the lead-acid batteries market in the forecast period.

In January 2021, Batek Makina Ltd, a Turkey-based battery equipment manufacturer acquired Bertola Snc for an undisclosed amount. Through this acquisition, Batek Makina Ltd aims to expand its offering into the battery charging equipment industry and to bring diversification in business. Bertola Snc is an Italy-based company operating in battery charging equipment.

The countries covered in the aircraft cables market are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The lead-acid batteries market research report is one of a series of new reports from The Business Research Company that provides lead-acid batteries market statistics, including lead-acid batteries industry global market size, regional shares, competitors with a lead-acid batteries market share, detailed lead-acid batteries market segments, market trends and opportunities, and any further data you may need to thrive in the lead-acid batteries industry. This lead-acid batteries 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.

Product Code: r2232

Table of Contents

1. Executive Summary

2. Lead Acid Batteries Market Characteristics

3. Lead Acid Batteries Market - Macro Economic Scenario

3.1 COVID-19 Impact On Lead Acid Batteries Market

3.2 Ukraine-Russia War Impact On Lead Acid Batteries Market

3.3 Impact Of High Inflation On Lead Acid Batteries Market

4. Lead Acid Batteries Market Size And Growth

  • 4.1. Global Lead Acid Batteries Historic Market, 2017 - 2022, $ Billion
    • 4.1.1. Drivers Of The Market
    • 4.1.2. Restraints On The Market
  • 4.2. Global Lead Acid Batteries Forecast Market, 2022 - 2027F, 2032F, $ Billion
    • 4.2.1. Drivers Of The Market
    • 4.2.2. Restraints On the Market

5. Lead Acid Batteries Market Segmentation

  • 5.1. Global Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Stationary
  • Motive
  • 5.2. Global Lead Acid Batteries Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Basic Lead Acid Battery
  • Advanced Lead Acid Battery
  • 5.3. Global Lead Acid Batteries Market, Segmentation By Construction Method, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Flooded
  • Valve Regulated Lead Acid (VRLA)
  • 5.4. Global Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Transportation
  • Industrial
  • Residential
  • Commercial

6. Lead Acid Batteries Market Regional And Country Analysis

  • 6.1. Global Lead Acid Batteries Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 6.2. Global Lead Acid Batteries Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

7. Asia-Pacific Lead Acid Batteries Market

  • 7.1. Asia-Pacific Lead Acid Batteries Market Overview
  • 7.2. Asia-Pacific Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 7.3. Asia-Pacific Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

8. China Lead Acid Batteries Market

  • 8.1. China Lead Acid Batteries Market Overview
  • 8.2. China Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F,$ Billion
  • 8.3. China Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F,$ Billion

9. India Lead Acid Batteries Market

  • 9.1. India Lead Acid Batteries Market Overview
  • 9.2. India Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 9.3. India Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

10. Japan Lead Acid Batteries Market

  • 10.1. Japan Lead Acid Batteries Market Overview
  • 10.2. Japan Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 10.3. Japan Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

11. Australia Lead Acid Batteries Market

  • 11.1. Australia Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 11.2. Australia Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

12. Indonesia Lead Acid Batteries Market

  • 12.1. Indonesia Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 12.2. Indonesia Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

13. South Korea Lead Acid Batteries Market

  • 13.1. South Korea Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 13.2. South Korea Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

14. Western Europe Lead Acid Batteries Market

  • 14.1. Western Europe Lead Acid Batteries Market Overview
  • 14.2. Western Europe Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 14.3. Western Europe Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

15. UK Lead Acid Batteries Market

  • 15.1. UK Lead Acid Batteries Market Overview
  • 15.2. UK Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 15.3. UK Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

16. Germany Lead Acid Batteries Market

  • 16.1. Germany Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 16.2. Germany Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

17. France Lead Acid Batteries Market

  • 17.4. France Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 17.5. France Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

18. Eastern Europe Lead Acid Batteries Market

  • 18.1. Eastern Europe Lead Acid Batteries Market Overview
  • 18.2. Eastern Europe Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 18.3. Eastern Europe Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

19. Russia Lead Acid Batteries Market

  • 19.1. Russia Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 19.2. Russia Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

20. North America Lead Acid Batteries Market

  • 20.1. North America Lead Acid Batteries Market Overview
  • 20.2. North America Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 20.3. North America Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

21. USA Lead Acid Batteries Market

  • 21.1. USA Lead Acid Batteries Market Overview
  • 21.2. USA Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 21.3. USA Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

22. South America Lead Acid Batteries Market

  • 22.1. South America Lead Acid Batteries Market Overview
  • 22.2. South America Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 22.3. South America Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

23. Brazil Lead Acid Batteries Market

  • 23.1. Brazil Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 23.2. Brazil Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

24. Middle East Lead Acid Batteries Market

  • 24.1. Middle East Lead Acid Batteries Market Overview
  • 24.2. Middle East Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 24.3. Middle East Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

25. Africa Lead Acid Batteries Market

  • 25.1. Africa Lead Acid Batteries Market Overview
  • 25.2. Africa Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 25.3. Africa Lead Acid Batteries Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

26. Lead Acid Batteries Market Competitive Landscape And Company Profiles

  • 26.1. Lead Acid Batteries Market Competitive Landscape
  • 26.2. Lead Acid Batteries Market Company Profiles
    • 26.2.1. EnerSys
      • 26.2.1.1. Overview
      • 26.2.1.2. Products and Services
      • 26.2.1.3. Strategy
      • 26.2.1.4. Financial Performance
    • 26.2.2. Exide Industries
      • 26.2.2.1. Overview
      • 26.2.2.2. Products and Services
      • 26.2.2.3. Strategy
      • 26.2.2.4. Financial Performance
    • 26.2.3. GS Yuasa
      • 26.2.3.1. Overview
      • 26.2.3.2. Products and Services
      • 26.2.3.3. Strategy
      • 26.2.3.4. Financial Performance
    • 26.2.4. Clarios
      • 26.2.4.1. Overview
      • 26.2.4.2. Products and Services
      • 26.2.4.3. Strategy
      • 26.2.4.4. Financial Performance
    • 26.2.5. Panasonic
      • 26.2.5.1. Overview
      • 26.2.5.2. Products and Services
      • 26.2.5.3. Strategy
      • 26.2.5.4. Financial Performance

27. Key Mergers And Acquisitions In The Lead Acid Batteries Market

28. Lead Acid Batteries Market Trends And Strategies

29. Lead Acid Batteries Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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