Lead Acid Battery Market - Global Industry Analysis

Market Overview

The Lead Acid Battery market accounted for USD 43.4 Billion in 2020 and is expected to reach USD 61.9 Billion by 2028, growing at a CAGR of 4.5% from 2021 to 2028.

The lead acid battery is used as a source for energy storing and is transferred across different applications as an energy source in terms of electricity. This thusly is impacting the lead acid battery to grow in industry on the worldwide scale. These batteries comprise of a sulfuric acid arrangement electrolyte with lead dioxide as cathode and metallic lead as anode making these battery-powered. Electrolyte water is used as protection from consumption and low release rate are not many of the key highlights exhibited by lead acid battery which consequently enhances its market value.

EnerSys is reported as developed in assembling capacities at two manufacturing plant areas particular in Pennsylvania and Florida, to oblige the expanding request from the aviation and defence sections.

COVID-19 Impact Analysis

The lead acid battery industry is anticipated to witness slow growth during the forecast period due to the ongoing global pandemic of COVID-19. The government has imposed strict lockdown protocols along with social distancing mandates in order to curb the community spreading of the COVID-19, which directly affected the manufacturing of lead acid batteries. However, the business outlook is projected to improve with release of vaccination drives conducted globally which will bring normal situations to the manufacturing abilities thus improving the industry statistics of lead acid batteries in the near future.

Growth Factors

Growing demand for automobiles has augmented the lead acid battery market forecasts over the last few years. These batteries hold a dominating position across the conventional automobile industry along with other applications including micro hybrid systems and vehicles with start-stop functionality, which in turn will drive the product penetration. Lead acid battery is witnessing a cyclical demand growth owing to the superior cranking power and soaring demand for advanced vehicle technologies. Customers across the globe are gaining more interest in power sports, which in turn is further boosting the market statistics for these units globally.

Improvement in the transportation business, alongside an expansion in energy storing application is projected to drive industry interest in the impending future. Rapid development of the business vehicle, cruiser, and traveler vehicle industrial ventures is additionally projected to drive the item interest. Developing interest for UPS in different areas, such as banking, oil and gas, medical services, and synthetic substances is emphatically driving the interest.

Report Scope :

Technology Segment Analysis Preview

The lead acid battery market has been segmented, by technology, into basic lead acid battery & advanced lead acid battery. This segmentation is based on the nature of the application in which the battery unit is being used. A basic lead acid battery is most commonly used because of its cost-effectiveness. The nature of this battery impacts the applications in which it is being used and also the kind of users that are implementing the same.

End Use Industry Segment Analysis Preview

Lead acid batteries are used widely across industries. The market has been segmented, by end-user, into utility, transportation, industrial, and commercial & residential. The transportation segment dominated the market in 2018 and is expected to lead the lead-acid battery market during the forecast period. This is primarily because these batteries are cost-effective and are preferred for the installation in internal combustion vehicles for SLI applications.

Regional Analysis Preview

Asia Pacific dominated the global lead acid battery market in 2018 because the region comprises relatively developing countries that require cost-effective energy storage solutions. The industrial and commercial & residential sectors, along with the transportation sector, proved to be the major consumers of these battery systems. The Asia Pacific region is expected to lead the market during the forecast period. China, Singapore, South Korea, Japan, and India are considered the main industrial hubs and offer tremendous growth opportunities for the lead-acid battery market in this region.

Major regions including North America & Europe face harsh climatic conditions in winter seasons, which fuel the requirement for a power delivery system that offers high cranking performance. Low cost and operational reliability are few of the prominent factors augmenting the adoption of lead acid battery over the other available alternatives. Moreover, growing adoption of start stop technology across conventional vehicles in order to comply with the fuel efficiency standards will enhance the market trends of these units across SLI applications.

Key Market Players & Competitive Landscape

Some of key players in Lead Acid Battery market are Clarios, Exide Industries Limited, Leoch, Shangdong, C&D Technologies, GS Yuasa East, Penn Zibo, Furukawa Crown Battery, B.B. Battery, HOPPECKE, First National Battery, Koyo Battery, Middle East Battery and Enersys among others.

There are few of the recent trends and developments in the past few years.

In November 2018, Exide Industries launched a new range of online UPS called Power NXT. This range of batteries would cater to the needs of the Small Office Home Office (SOHO) and large format retailers.

In March 2017, North Star launched RED and RED HT batteries to expand its reserve power portfolio. The RED series uses pure lead TPPL technology to deliver a recharge time of 6 hours from 50% state of charge to 100%. The RED HT series uses pure lead high-temperature–TPPL-HT technology to deliver a long life up to 7 years and better performance at an operating temperature of 40°C (104°F). This battery is suitable for high-temperature applications.

The Lead Acid Battery market is segmented as follows:

By Technology

• Basic Lead Acid Battery
• Advanced Lead Acid Battery

By Type

• Stationary
• Motive

By End Use Industry

• Commercial
• Utility
• Transportation
• Manufacturing
• Residential
• Industrial
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

• Chapter No. 1: Introduction
  • 1.1. Report Description
    • 1.1.1. Purpose of the Report
    • 1.1.2. USP & Key Offerings
  • 1.2. Key Benefits for Stakehulders
  • 1.3. Target Audience
  • 1.4. Report Scope
• Chapter No. 2: Executive Summary
  • 2.1. Key Findings
    • 2.1.1. Top Investment Pockets
      • 2.1.1.1. Market Attractiveness Analysis, By Technology
      • 2.1.1.2. Market Attractiveness Analysis, By Type
      • 2.1.1.3. Market Attractiveness Analysis, By End-User
      • 2.1.1.4. Market Attractiveness Analysis, By Region
  • 2.2. Market Snapshot
  • 2.3. Global Lead Acid Battery Market, 2020 – 2028 (USD Million)
  • 2.4. Insights from Primary Respondents
• Chapter No. 3: COVID 19 Impact Analysis
  • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
    • 3.1.1. North America
    • 3.1.2. Europe
    • 3.1.3. Asia Pacific
    • 3.1.4. Latin America
    • 3.1.5. The Middle-East and Africa
  • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
  • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
  • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
  • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
    • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
  • 3.6. Short Term Dynamics
  • 3.7. Long Term Dynamics
• Chapter No. 4: Lead Acid Battery Market – Technology Segment Analysis
  • 4.1. Overview
    • 4.1.1. Market Revenue Share, By Technology, 2020 & 2028
  • 4.2. Basic Lead Acid Battery
    • 4.2.1. Market Size and Forecast, By Region (USD Million)
    • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 4.3. Advanced Lead Acid Battery
    • 4.3.1. Market Size and Forecast, By Region (USD Million)
    • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 5: Lead Acid Battery Market – Type Segment Analysis
  • 5.1. Overview
    • 5.1.1. Market Revenue Share, By Type, 2020 & 2028
  • 5.2. Stationary
    • 5.2.1. Market Size and Forecast, By Region (USD Million)
    • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.3. Motive
    • 5.3.1. Market Size and Forecast, By Region (USD Million)
    • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 6: Lead Acid Battery Market – End-User Segment Analysis
  • 6.1. Overview
    • 6.1.1. Market Revenue Share, By End-User, 2020 & 2028
  • 6.2. Industrial
    • 6.2.1. Market Size and Forecast, By Region (USD Million)
    • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.3. Utility
    • 6.3.1. Market Size and Forecast, By Region (USD Million)
    • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.4. Transportation
    • 6.4.1. Market Size and Forecast, By Region (USD Million)
    • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.5. Commercial and Residential
    • 6.5.1. Market Size and Forecast, By Region (USD Million)
    • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 7: Lead Acid Battery Market – Regional Analysis
  • 7.1. Overview
    • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
    • 7.1.2. Global Market Revenue, By Region, 2020 – 2028 (USD Million)
  • 7.2. North America
    • 7.2.1. North America Market Revenue, By Country, 2020 – 2028 (USD Million)
    • 7.2.2. North America Market Revenue, By Technology, 2020 – 2028
    • 7.2.3. North America Market Revenue, By Type, 2020 – 2028
    • 7.2.4. North America Market Revenue, By End-User, 2020 – 2028
    • 7.2.5. U.S.
      • 7.2.5.1. U.S. Market Revenue, By Technology, 2020 – 2028
      • 7.2.5.2. U.S. Market Revenue, By Type, 2020 – 2028
      • 7.2.5.3. U.S. Market Revenue, By End-User, 2020 – 2028
    • 7.2.6. Canada
      • 7.2.6.1. Canada Market Revenue, By Technology, 2020 – 2028
      • 7.2.6.2. Canada Market Revenue, By Type, 2020 – 2028
      • 7.2.6.3. Canada Market Revenue, By End-User, 2020 – 2028
    • 7.2.7. Mexico
      • 7.2.7.1. Mexico Market Revenue, By Technology, 2020 – 2028
      • 7.2.7.2. Mexico Market Revenue, By Type, 2020 – 2028
      • 7.2.7.3. Mexico Market Revenue, By End-User, 2020 – 2028
  • 7.3. Europe
    • 7.3.1. Europe Market Revenue, By Country, 2020 – 2028 (USD Million)
    • 7.3.2. Europe Market Revenue, By Technology, 2020 – 2028
    • 7.3.3. Europe Market Revenue, By Type, 2020 – 2028
    • 7.3.4. Europe Market Revenue, By End-User, 2020 – 2028
    • 7.3.5. Germany
      • 7.3.5.1. Germany Market Revenue, By Technology, 2020 – 2028
      • 7.3.5.2. Germany Market Revenue, By Type, 2020 – 2028
      • 7.3.5.3. Germany Market Revenue, By End-User, 2020 – 2028
    • 7.3.6. France
      • 7.3.6.1. France Market Revenue, By Technology, 2020 – 2028
      • 7.3.6.2. France Market Revenue, By Type, 2020 – 2028
      • 7.3.6.3. France Market Revenue, By End-User, 2020 – 2028
    • 7.3.7. U.K.
      • 7.3.7.1. U.K. Market Revenue, By Technology, 2020 – 2028
      • 7.3.7.2. U.K. Market Revenue, By Type, 2020 – 2028
      • 7.3.7.3. U.K. Market Revenue, By End-User, 2020 – 2028
    • 7.3.8. Italy
      • 7.3.8.1. Italy Market Revenue, By Technology, 2020 – 2028
      • 7.3.8.2. Italy Market Revenue, By Type, 2020 – 2028
      • 7.3.8.3. Italy Market Revenue, By End-User, 2020 – 2028
    • 7.3.9. Spain
      • 7.3.9.1. Spain Market Revenue, By Technology, 2020 – 2028
      • 7.3.9.2. Spain Market Revenue, By Type, 2020 – 2028
      • 7.3.9.3. Spain Market Revenue, By End-User, 2020 – 2028
    • 7.3.10. Rest of Europe
      • 7.3.10.1. Rest of Europe Market Revenue, By Technology, 2020 – 2028
      • 7.3.10.2. Rest of Europe Market Revenue, By Type, 2020 – 2028
      • 7.3.10.3. Rest of Europe Market Revenue, By End-User, 2020 – 2028
  • 7.4. Asia Pacific
    • 7.4.1. Asia Pacific Market Revenue, By Country, 2020 – 2028 (USD Million)
    • 7.4.2. Asia Pacific Market Revenue, By Technology, 2020 – 2028
    • 7.4.3. Asia Pacific Market Revenue, By Type, 2020 – 2028
    • 7.4.4. Asia Pacific Market Revenue, By End-User, 2020 – 2028
    • 7.4.5. China
      • 7.4.5.1. China Market Revenue, By Technology, 2020 – 2028
      • 7.4.5.2. China Market Revenue, By Type, 2020 – 2028
      • 7.4.5.3. China Market Revenue, By End-User, 2020 – 2028
    • 7.4.6. Japan
      • 7.4.6.1. Japan Market Revenue, By Technology, 2020 – 2028
      • 7.4.6.2. Japan Market Revenue, By Type, 2020 – 2028
      • 7.4.6.3. Japan Market Revenue, By End-User, 2020 – 2028
    • 7.4.7. India
      • 7.4.7.1. India Market Revenue, By Technology, 2020 – 2028
      • 7.4.7.2. India Market Revenue, By Type, 2020 – 2028
      • 7.4.7.3. India Market Revenue, By End-User, 2020 – 2028
    • 7.4.8. South Korea
      • 7.4.8.1. South Korea Market Revenue, By Technology, 2020 – 2028
      • 7.4.8.2. South Korea Market Revenue, By Type, 2020 – 2028
      • 7.4.8.3. South Korea Market Revenue, By End-User, 2020 – 2028
    • 7.4.9. South-East Asia
      • 7.4.9.1. South-East Asia Market Revenue, By Technology, 2020 – 2028
      • 7.4.9.2. South-East Asia Market Revenue, By Type, 2020 – 2028
      • 7.4.9.3. South-East Asia Market Revenue, By End-User, 2020 – 2028
    • 7.4.10. Rest of Asia Pacific
      • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Technology, 2020 – 2028
      • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Type, 2020 – 2028
      • 7.4.10.3. Rest of Asia Pacific Market Revenue, By End-User, 2020 – 2028
  • 7.5. Latin America
    • 7.5.1. Latin America Market Revenue, By Country, 2020 – 2028 (USD Million)
    • 7.5.2. Latin America Market Revenue, By Technology, 2020 – 2028
    • 7.5.3. Latin America Market Revenue, By Type, 2020 – 2028
    • 7.5.4. Latin America Market Revenue, By End-User, 2020 – 2028
    • 7.5.5. Brazil
      • 7.5.5.1. Brazil Market Revenue, By Technology, 2020 – 2028
      • 7.5.5.2. Brazil Market Revenue, By Type, 2020 – 2028
      • 7.5.5.3. Brazil Market Revenue, By End-User, 2020 – 2028
    • 7.5.6. Argentina
      • 7.5.6.1. Argentina Market Revenue, By Technology, 2020 – 2028
      • 7.5.6.2. Argentina Market Revenue, By Type, 2020 – 2028
      • 7.5.6.3. Argentina Market Revenue, By End-User, 2020 – 2028
    • 7.5.7. Rest of Latin America
      • 7.5.7.1. Rest of Latin America Market Revenue, By Technology, 2020 – 2028
      • 7.5.7.2. Rest of Latin America Market Revenue, By Type, 2020 – 2028
      • 7.5.7.3. Rest of Latin America Market Revenue, By End-User, 2020 – 2028
  • 7.6. The Middle-East and Africa
    • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2020 – 2028 (USD Million)
    • 7.6.2. The Middle-East and Africa Market Revenue, By Technology, 2020 – 2028
    • 7.6.3. The Middle-East and Africa Market Revenue, By Type, 2020 – 2028
    • 7.6.4. The Middle-East and Africa Market Revenue, By End-User, 2020 – 2028
    • 7.6.5. GCC Countries
      • 7.6.5.1. GCC Countries Market Revenue, By Technology, 2020 – 2028
      • 7.6.5.2. GCC Countries Market Revenue, By Type, 2020 – 2028
      • 7.6.5.3. GCC Countries Market Revenue, By End-User, 2020 – 2028
    • 7.6.6. South Africa
      • 7.6.6.1. South Africa Market Revenue, By Technology, 2020 – 2028
      • 7.6.6.2. South Africa Market Revenue, By Type, 2020 – 2028
      • 7.6.6.3. South Africa Market Revenue, By End-User, 2020 – 2028
    • 7.6.7. Rest of Middle-East Africa
      • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Technology, 2020 – 2028
      • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Type, 2020 – 2028
      • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By End-User, 2020 – 2028
• Chapter No. 8: Lead Acid Battery Market – Industry Analysis
  • 8.1. Introduction
  • 8.2. Market Drivers
    • 8.2.1. Driving Factor 1 Analysis
    • 8.2.2. Driving Factor 2 Analysis
  • 8.3. Market Restraints
    • 8.3.1. Restraining Factor Analysis
  • 8.4. Market Opportunities
    • 8.4.1. Market Opportunity Analysis
  • 8.5. Porter’s Five Forces Analysis
  • 8.6. PEST Analysis
  • 8.7. Regulatory Landscape
  • 8.8. Technology Landscape
  • 8.9. Regional Market Trends
    • 8.9.1. North America
    • 8.9.2. Europe
    • 8.9.3. Asia Pacific
    • 8.9.4. Latin America
    • 8.9.5. The Middle-East and Africa
  • 8.10. Pricing Analysis
  • 8.11. Value Chain Analysis
  • 8.12. Downstream Buyers
  • 8.13. Distributors/Traders List
• Chapter No. 9: Competitive Landscape
  • 9.1. Company Market Share Analysis – 2019
    • 9.1.1. Global Lead Acid Battery Market: Company Market Share, 2019
    • 9.1.2. Global Lead Acid Battery Market, Company Market Revenue, 2016 – 2019 (USD Million)
    • 9.1.3. Global Lead Acid Battery Market, Company Y-o-Y Growth, 2017 – 2019 (%)
    • 9.1.4. Global Lead Acid Battery Market: Radar Determinant Chart, 2019
  • 9.2. Strategic Developments
    • 9.2.1. Acquisitions & Mergers
    • 9.2.2. New Product Launch
    • 9.2.3. Regional Expansion
  • 9.3. Company Strategic Developments – Heat Map Analysis
• Chapter No. 10: Company Profiles
  • 10.1. Clarios Exide Industries Limited
    • 10.1.1. Company Overview
    • 10.1.2. Key Executives
    • 10.1.3. Product Portfolio
    • 10.1.4. Financial Overview
    • 10.1.5. Operating Business Segments
    • 10.1.6. Business Performance
    • 10.1.7. Recent Developments
  • 10.2. Leoch Shangdong
  • 10.3. C&D Technulogies
  • 10.4. GS Yuasa
  • 10.5. East Penn Zibo Furukawa Crown Battery
  • 10.6. B.B. Battery HOPPECKE
  • 10.7. First National Battery
  • 10.8. Koyo Battery
  • 10.9. Middle East Battery
  • 10.10. Enersys
  • 10.11. EXIDE
• Chapter No. 11: Marketing Strategy Analysis
  • 11.1. Marketing Channel
  • 11.2. Direct Marketing
  • 11.3. Indirect Marketing
  • 11.4. Marketing Channel Development Trends
  • 11.5. Economic/Pulitical Environmental Change
• Chapter No. 12 Research Methodology
  • 12.1. Research Methodology
  • 12.2. Phase I - Secondary Research
  • 12.3. Phase II - Data Modeling
    • 12.3.1. Company Share Analysis Model
    • 12.3.2. Revenue Based Modeling
  • 12.4. Phase III - Primary Research
  • 12.5. Research Limitations
    • 12.5.1. Assumptions