Asia Pacific VRLA Battery Market Size - By Application (Stationary, Motive, SLI), By Technology (AGM, GEL), By Sales Channel (OEM, Aftermarket), By Country Outlook & Forecast, 2024 – 2032
Report ID: GMI8790
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Published Date: April 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 19
Tables & Figures: 360
Countries covered: 11
Pages: 150
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Asia Pacific VRLA Battery Market Size - By Application (Stationary, Motive, SLI), By Technology (AGM, GEL), By Sales Channel (OEM, Aftermarket
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Asia Pacific VRLA Battery Market Size
Asia Pacific VRLA battery Market was valued at USD 11.3 billion in 2023 and is estimated to grow at a CAGR of over 3.3% between 2024 and 2032. The proliferation of the data centers in line with introduction of new laws governing data security will positively sway the industry growth.
Valve regulated lead acid also known as sealed lead-acid are maintenance free batteries. These batteries utilize a one-way pressure-relief valve system and provide improved installation & maintenance costs, energy density and more safety. These units offer a cost competitive value proposition to a consumer across diverse end uses amongst a multitude of other competing chemistries.
Asia Pacific VRLA Battery Market Trends
Intensifying demand for continuous & reliable power along with extensive investments in T&D infrastructure have enhanced pressure on the power grid, driving the product demand. The government is striving toward enhancing its competitiveness in telecommunication fields to stimulate private capital for the expansion of associated infrastructure, stimulating the business growth. Moreover, legislative support aimed toward reinforcing the domestic manufacturing capacity has considerably strengthened the lead acid battery market.
Asia Pacific VRLA Battery Market Analysis
The AGM VRLA battery market will surpass USD 12 billion by 2032. Positive regulatory focus toward the adoption of feasible solar reforms along with government mandates to optimize energy is set to positively impact the industry landscape. Increasing investments across the real estate sector coupled with massive government-supported plans across different economies will fuel the business outlook.
The SLI VRLA battery market size will witness growth rate of over 3% through 2032. Increasing production of commercial & private vehicles along with increasing sales of two-wheelers will positively impact the business landscape. The increasing electrification in conventional passenger vehicles in line with surging popularity of advanced features in cars will fuel the business landscape. Shift in the adoption of start-stop technology by automotive manufacturers will further foster the product penetration.
The China VRLA battery market is set to reach over USD 6 billion by 2032. The upsurge in the national fleet age along with increasing consumer inclination toward repair & maintenance of automobiles will drive the product penetration. High living standards, soaring disposable income and rising adoption of energy efficient power supply & storage solutions are some of the other imperative factors, which will augment the business landscape.
Asia Pacific VRLA Battery Market Share
Amara Raja Energy & Mobility is a division of the larger Amara Raja Group, one of the prominent Indian conglomerates known for its presence in the automotive battery industry among other sectors. The Energy & Mobility division specifically focuses on lead-acid battery manufacturing and related services, catering to both automotive and industrial applications. It continuously emphasizes technological advancement and innovation in its battery manufacturing processes.
Asia Pacific VRLA Battery Market Companies
Eminent players operating in the Asia Pacific VRLA battery industry include:
Asia Pacific VRLA Battery Industry News
This Asia Pacific VRLA battery market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Million Units” & “USD Million” from 2019 to 2032, for the following segments:
Market, By Application
Market, By Technology
Market, By Sales Channel
The above information has been provided for the following countries: