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, Covid-19 Impact Analysis, Price Trend, Competitive Market Share & Forecast, 2021 – 2027

Industry Trends

Lead Acid Battery Market size exceeded USD 50 billion in 2020 and annual installation is anticipated to exceed 1 billion units by 2027. The soaring requirement for power solutions with high reliability and efficiency will complement the market demand for such batteries in the forecast period.
 

The lead acid battery industry is anticipated to witness sluggish CAGR during the forecast period on account of the ongoing global pandemic of COVID-19. The government has imposed strict lockdown protocols along with social distancing mandates to curb the community spreading of the coronavirus, which will restrain the market demand of lead acid battery units. However, the business outlook is anticipated to improve with release of several vaccines which will bring normalcy to the manufacturing abilities thus improving the industry statistics of lead acid batteries.
 

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A lead acid battery is utilized as a system for energy storage and is deployed across various applications as a power source. This in turn is positively influencing the lead acid battery market share on the global scale. These batteries consist of a sulfuric acid solution electrolyte with lead dioxide cathode and sponge metallic lead anode making these units rechargeable.
 

The global lead acid battery market 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.
 

High cranking performance will propel market demand for SLI battery units

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Lead acid battery market from SLI battery segment is set to achieve a significant CAGR owing to growing demand for automobiles. 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. SLI battery segment is witnessing a cyclical demand growth owing to the superior cranking power and soaring demand for advanced vehicle technologies.
 

Major regions including North America & Europe face harsh climatic conditions in winter seasons, which fuels 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 SLI battery over the other available alternatives.
 

Ease of installation and high-power density to drive VRLA battery installation

Valve Regulated Lead Acid battery market have witnessed a substantial CAGR owing to ease of installation and high-power density. The dynamic customer requirements have fueled a demand for new technologies including Absorbed Glass Mat (AGM) lead acid battery, the latest advancement in the VRLA technology.
 

VRLA batteries have witnessed strong growth over the last few years compared to flooded batteries on account of their high rate of discharge coupled with reliable & high-power delivery. Furthermore, large power reserve coupled with ease of operation is several important features offered by these units across various industries including automotive and telecommunications, boosting the lead acid battery market share.
 

Increasing sales of replacement batteries to boost the aftermarket sales channel

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The aftermarket services contribute to the majority of the sales channel market share owing to the increasing battery replacement rates at the end of its service. This will proliferate the market opportunities for battery manufacturers and suppliers across the industry. However, the sales channel trends are majorly impacted by the application the battery is deployed for. For instance, aftermarket sales services are highly preferable across the automobile sector and further offers profitable prospects to an authorized automotive spare parts dealer and other vendors.
 

Ongoing commercialization and growing manufacturing capabilities will drive the market growth across Asia Pacific region

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Rising consumer preference for personal mobility coupled with soaring demand for high energy density battery units will propel the deployment of these units across the Asia Pacific region. Growing demand for efficient and economical power storage units across various industries & applications including telecommunication, residential sector, automobiles, and backup energy systems will augment the product adoption across the region.
 

Positive outlook toward the growth of automotive sector along with ongoing industrialization will propel the Asia Pacific lead acid battery market expansion. The region is highly characterized by the presence of restricted access to electricity, an established service sector and rising urbanization. Increasing investment across commercial infrastructure development will fuel a requirement for efficient energy storage devices including UPS and inverters, which in turn will stimulate product adoption across the region.
 

Collaboration with distributors and various distribution channels acting as key focus of battery manufacturers

The overall supply chain of lead acid battery has observed high efficiencies on account of the collaboration between installers and the manufacturers to form an efficient forward distribution channel. Furthermore, major manufacturers operating across the battery business are focusing on backward integration with raw material suppliers to increase their market share by achieving economies of scale, which in turn will proliferate their presence in the lead acid battery industry.
 

Major industry players operational in the lead acid battery market comprise 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 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 2017 to 2027, 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