The global lead acid battery market size is expected to reach around US$ 61 Bn by 2027 and growing at a CAGR of 5% during the forecast period 2020 to 2027.

A lead acid battery is known as an energy storage device, which is mainly a motor and industrial power source. Lead acid battery is a secondary/rechargeable battery composed a cathode of plumbing mercury, a solution of sulfuric acid and a metal-lead sponge. Lead acid batteries are installed as a backup source to ensure consistent power supply in the case of a breakage in addition to vehicle and traction applications.

The report provides analysis of global Lead Acid Battery market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.

Market Dynamics

The advancement of the electric vehicle, passenger vehicles and motorcycle industries increase the demand for lead acid battery industry, and the use of lead acid batteries in the field of energy storage will contribute to demand growth. Huge demand for UPS is fueling business growth in the manufacturing sectors which included processing, oil & gas, chemical and healthcare. Certain considerations, such as smart grid initiatives, car charging network proliferation, increased use of hybrid and electric cars, and increased use of renewable energy, all lead to continued growth in the sector. The low costs of battery processing and long-lasting output would push the demand. However, the product's high level of lead can harm the ecosystem, which is expected to hinder market development. Other characteristics, such as their low energy density, are expected to limit production. Alternatives such as lithium-ion batteries are expected to appear in the car industry as a response to the rise of the market.

Regional Stance

Asia Pacific held significant market share in 2019 and anticipated to govern the market amid the projected time span. China, Japan, India, South Korea and Australia are the main economies in Asia-Pacific. Several of the driving forces of the region's development include rapid industrialization, population growth, increasing production & selling of vehicles, and an increase in demand for UPS systems. In Asia Pacific, lead acid batteries revenue is mainly extracted from the automotive sector due to high passenger car demand, along with growing recognition of electric cars. European Region is expected to see significant growth owing to the growing number of offshore and onshore renewable energy industries. In turn, rising populations and increasing people's readily available income in the area would likely raise passenger car demand, thus leading to growth on the industry.

Report coverage

The market research study on “Lead Acid Battery Market (Lead Acid Battery Market By Type: Stationary: SLI, Motive; Lead Acid Battery Market By Construction: VRLA, Flooded; Lead Acid Battery Market By Application: UPS, Automotive, Telecom, Transport Vehicles, Electric Bikes, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Lead Acid Battery market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Lead Acid Battery market size, and segment markets by type, construction, application, and geography along with the information on companies operating in the market. The Lead Acid Battery market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.  

The global Lead Acid Battery market is segmented as below:

Market Segmentation

Lead Acid Battery Market By Type

• Stationary
• SLI
• Motive

Lead Acid Battery Market By Construction

• VRLA
• Flooded

Lead Acid Battery Market By Application

• UPS
• Automotive
• Telecom
• Transport Vehicles
• Electric Bikes
• Others

Lead Acid Battery Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Mexico
• Brazil
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of MEA

Key Players and Market Situation

Participants include major global players such Narada Power Source Co. Ltd., GS Yuasa Corp, Leoch International Technology Ltd., ATLASBX Co. Ltd., NorthStar, C&D Technologies, Inc., Crown Battery Manufacturing, Johnson Controls, Others.

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