Lead Acid Battery Market Size By Application (Stationary {Telecommunications, UPS, Control & Switchgear,}, Motive, SLI {Automobiles, Motorcycles}), By Construction (Flooded, VRLA), By Sales Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Industry Trends

Lead Acid Battery Market size exceeded USD 57 billion in 2019 and annual installation is anticipated to exceed 800 million units by 2026. The steady demand for reliable power solutions will positively impact the market demand for the product on a global scale. The SLI batteries holds majority of the market share in 2019.
 

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A lead acid battery unit (LAB) is an energy storage system, deployed predominantly as a power source across multiple applications. It is a rechargeable battery comprising lead-dioxide cathode, sulfuric acid solution electrolyte, and sponge metallic lead anode. Low discharge rate, large electrolyte reserves and resistance to corrosion are some of the prominent characteristics demonstrated by lead acid battery units complementing the global market growth.
 

The lead acid battery market will witness decremental growth in the short term owing to the ongoing COVID-19 pandemic. Respective governments and regulators have implemented social distancing mandates of varying degrees to subdue the spread of disease on a global scale. Lockdown of manufacturing operations, and shortage of workforce are few eminent factors that will limit the installation of lead acid battery units.
 

However, if growth of virus decelerates over upcoming months, the battery industry statistics will undergo accelerated growth owing to its competitive price index along with ease of raw material availability.
 

The global lead acid battery industry report covers the detailed analysis of industry trends segmented on a regional & country basis across applications, construction, and sales channels. Moreover, the market forecasts & estimates are in line with the data represented by multiple regional, state and central level authorities including the International Energy Agency, European Battery Alliance, International Lead Association (ILA), Battery Council International, International Tin Association, Asian Development Bank, Battery Association of Japan, regulatory bodies and company annual reports.
 

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SLI battery units with high cranking performance witnessing surge in market demand

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A steady demand for automobiles has created a positive business scenario for lead acid battery market demand. The lead acid battery units account for a dominant market share across conventional automobiles, vehicles with start-stop functionality and micro hybrid systems, thereby creating significant market opportunities for high penetration of lead acid battery units. Introduction of advanced vehicle technologies along with growing consumer inclination toward power sports have created a cyclical demand for lead acid battery with superior cranking power.
 

Several regions, most notably Europe & North America undergo harsh winter conditions, thereby increasing the demand for power delivery systems with high cranking performance. Reliable operation and low costs are some of the key underlying factors favoring the deployment of lead acid battery over other available counterparts. In addition, the shifting transition toward the adoption of start-stop technology by automotive manufacturers, to conform with fuel efficiency standards will further augment the market share for SLI application.
 

Demand for high energy density driving the installation of VRLA batteries

Valve Regulated Lead Acid battery (VRLA) industry has witnessed significant growth on account of their high-power density and ease of installation. The Absorbed Glass Mat (AGM) lead acid batteries are the recent advancements in VRLA battery technology driven by the dynamic customer requirements. A VRLA based lead acid battery deploys a fiberglass as a separator which holds the electrolyte in place instead of using a gel and are spill-proof, while offering considerable resistance to vibration and impact.
 

Consequently, VRLA battery deployment is witnessing substantial growth when compared to traditional flooded batteries owing to their ability of high & reliable power delivery with high rate of discharge. Moreover, minimal maintenance costs and large power reserves are some of the eminent features driving the lead acid battery market share across multiple industries including telecommunications, and automotive amongst others.
 

Increasing battery replacement rates boosting the aftermarket industry growth

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The increasing replacement rates for battery units at end of life phase have provided significant market opportunities to the battery suppliers operating across the industry landscape. The aftermarket battery industry is a key contributor to the overall sales of lead acid battery units in comparison with Original Equipment Manufacturers (OEMs).
 

The industry trends vary substantially across different application areas. For instance, batteries deployed across the automobile sector are dominated by aftermarket sales distribution channel and offer lucrative prospects to vendors and authorized automotive & spare parts dealers.
 

An SLI battery unit has a usual lifespan of 5-7 years, after which it needs to be swapped. However, harsh urban driving conditions & profiles along with ongoing integration of advanced vehicles platforms have fueled the replacement rates of conventional battery units. This has enabled the manufacturers to capitalize on remunerative opportunities and enhance their market share. In addition, the existence of robust supply chains has further enhanced the access to aftermarket battery units which in turn will propel the unit adoption of lead acid battery.
 

Presence of a robust manufacturing sector and ongoing commercialization will drive the market statistics across Asia Pacific

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Asia Pacific, Europe and North America accounted for over 79% of the market share for lead acid battery units in 2019. Growing demand for high energy density battery units coupled with growing consumer preference toward personal mobility has fueled the adoption of these units. In addition, the surging demand for cost effective power storage technologies across critical power application including telecommunication, backup power and backup lighting amongst others have further enhanced the product demand.
 

Ongoing industrialization along with positive outlook toward automotive sector growth will drive the Asia Pacific lead acid battery market trends. The Asia Pacific region is highly characterized by the presence of an established service sector, growing urbanization, and restricted access to electricity.
 

Development of new commercial centers across the region has fueled the installation of UPS systems which in turn has propelled the product adoption. In addition, the ongoing investments aimed toward automotive manufacturing facilities along with growing vehicle sales across the region has augmented the regional market outlook.
 

Over the years, many domestic and international companies have relocated their production & R&D facilities across emerging economies including China & India on account of low production costs and supportive regulatory & policy landscape. Rising purchasing power along with growing replacement of conventional battery systems are some of the paramount factors favoring the product deployment across the region.
 

Development of robust distribution channels acting as the focal point of lead acid battery industry participants

The presence of a forward distribution channel prevailing between manufacturers and installers has resulted in high efficiencies across the overall supply chain. Distributors and manufacturers supply finished batteries to installers who are responsible for providing after sales services to end consumers.
 

In addition, market leaders are focusing aggressively toward backward integration by manufacturing battery components to achieve economies of scale and increase their market share across the lead acid battery industry.
 

Key market players operating across the lead acid battery market comprise of GS Yuasa, Clarios, Koyo Battery, Leoch, C&D Technologies, East Penn, B.B. Battery, Zibo, Furukawa, HOPPECKE, Shangdong, First National Battery, Middle East Battery, Exide Industries Limited, Enersys, and Crown Battery amongst others.
 

Lead Acid Battery market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units, and ‘USD” from 2015 to 2026, for the following segments:
 

By Application

• Stationary
  • Telecommunication
  • UPS
  • Control & Switchgear
  • Others
• Motive
• SLI
  • Automobiles
  • Motorcycles

By Construction

• Flooded
• VRLA

By Sales Channel

• OEM
• Aftermarket

The above information has been provided for the following regions and country:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Spain
  • Austria
  • Netherlands
  • Sweden
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Malaysia
  • Thailand
  • Philippines
  • Vietnam
  • Singapore
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Iran
  • Egypt
  • Turkey
  • Morocco
  • South Africa
  • Nigeria
  • Algeria
• Latin America
  • Brazil
  • Argentina
  • Mexico
  • Chile
  • Colombia