Lead Acid Battery Market Size By Application (Stationary {Telecommunications, UPS, Control & Switchgear}, Motive, SLI {Automobiles, Motorcycles}), By Construction (Flooded, VRLA {AGM, GEL}), By Sales Channel (OEM, Aftermarket), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2030

Industry Statistics

Lead Acid Battery Market size exceeded USD 80 billion in 2021 and is projected to depict a CAGR of more than 2.5% from 2022 to 2030. Escalating investment in enterprise cloud computing and the expansion of data centers will boost the industry growth.
 

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Most data center operations require a large amount of power. Battery technologies are deployed for backup systems, which are vital for data center storage and power, to ensure an uninterrupted power supply. Software companies including Salesforce are intending to continuously invest resources in enterprise cloud computing and data center capacity. The expansion of data center infrastructure will proliferate the use of suitable products such as valve-regulated lead acid batteries.
 

Likewise, the mounting development of IT infrastructure is set to increase the requirement for data centers to centralize information, store and disseminate data. Heavy reliance on constant communication and the growth of information sharing is being observed worldwide. Factors such as these, alongside rising burden of unplanned power outages will provide lucrative growth opportunities for the lead acid battery market.
 

Availability of substitutes may hamper industry progression

Despite the favorable market landscape, operators of data centers continue to look for efficient alternatives to existing battery systems. The lithium-ion battery technology is becoming a key innovation, with rapid improvements owing to declining costs of technology and materials. In addition, the technology can ensure energy efficiency as compared to traditional battery options. The growing penetration of substitutes may thus create a hindrance to industry development to some extent.
 

Increasing use of consumer electronics to augment stationary battery applications

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In terms of the application, the lead acid battery market from the stationary segment is anticipated to reach 200 million units by 2030. This growth is attributed to a high consumption of electronics and the rising emphasis on reliable power supply to run these devices. Due to the rise in foreign direct investment, the development of capital equipment and infrastructure has surged, especially in developing nations. This infrastructural development will, in turn, bolster the deployment of lead acid batteries in stationary applications.
 

Favorable product advantages will strengthen the demand for VRLA batteries

The VRLA construction battery segment is predicted to exhibit a growth rate of over 2% through 2030. Favorable attributes such as high resistance to temperature and reduced electrolyte evaporation & spillage will push the product demand. This type of battery can also withstand vibration and shock. As compared to conventional flooded units, they can enhance installation, safety, and energy density.
 

Lead acid battery aftermarket as preferred sales channel for cost-effective power systems

The aftermarket sales channel segment recorded revenue of around USD 55 billion in 2021, credited to the high applicability of aftermarket products across a wide range of applications such as motor vehicles, automobiles, and UPS systems. Additionally, the increasing need for cost-effective and reliable power storage and supply solutions will stimulate the product demand.
 

APAC to become a lucrative hub for lead acid battery production

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Asia Pacific held over 35% of the global lead acid battery market share in 2021, given the burgeoning production of automobiles. The emphasis on reliable and efficient power supply has also surged across the region. Furthermore, there is a robust demand for high-capacity batteries on account of the proliferation of devices including inverters, UPS, and switchgear. will also accelerate the regional market development. A rapidly expanding telecom sector in emerging economies will also drive the production and installation of lead acid batteries.
 

Strategic collaborations to reinforce industry landscape

Top players operating in the lead acid battery market are C&D Technologies, GS Yuasa International, Leoch International Technology, B.B. Battery, Middle East Battery Company, Shandong Sacred Sun Power Sources, Enersys, Exide Industries, MUTLU, and Amara Raja Batteries.
 

These leaders are focusing on strategic partnerships to increase their product portfolio and retain their footprint. For instance, in April 2022, EnerSys entered a strategic partnership deal with Orogenic ApS to distribute and sell motive power products in Denmark, Greenland, Iceland, and the Faroe Islands. This alliance was aimed at enabling the company to enhance its presence in the global market.
 

Impact of COVID-19 outbreak on lead acid battery market trends

Since the COVID-19 outbreak, there has been a massive increase in the adoption of digital commerce, smart gadgets, and IoT technology. The usage of digital devices will likely continue, considering the strong presence of tech-savvy consumers. Rapid digitalization is expected to result in the generation of high data volume and the expansion of data center infrastructure. The capacity expansion in data centers will foster the application of lead acid batteries in this sector and in turn, strengthen the industry outlook.
 

This market research report on lead acid battery includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD” from 2018 to 2030, for the following segments:

Market Insights, By Application

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

Market Insights, By Construction

• Flooded
• VRLA
  • AGM
  • GEL

Market Insights, By Sales Channel

• OEM
• Aftermarket

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

• 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