Lead-Acid Battery Market
Global Lead-Acid Battery Market Size, Share & Trends Analysis Report by Type (flooded lead-acid batteries, sealed lead-acid batteries, AGM lead-acid batteries, Gel Sealed Lead Acid Batteries, and Others), By End-user (Automotive, Industrial, and Others) Forecast 2021-2027 Update Available - Forecast 2024-2030
The global Lead-acid Battery Market is anticipated to grow at a CAGR of around 5.1% during the forecast period. A lead-acid battery is a type of energy storage system that is widely used in the automotive, energy storage, and telecommunications industries, as well as in utilities, marine, manufacturing, and the chemical and pharmaceutical industries. The lead acid battery is commonly used as these batteries are often more cost-effective and are preferred for SLI (starting, lighting, and ignition) applications in internal combustion vehicles. The factors attributing to the growth of the market include increasing SLI applications in automotive industries, rising demand for energy storage devices, and growing renewable energy production. Other factors such as developing the telecom industry in countries including the US, UK, Brazil, India would increase their demand for UPS systems as power backups, therefore this will foster the significant growth of the lead acid batteries market.
Furthermore, since the life of a lead-acid battery is shorter than that of the car, new installations are needed every 3-5 years, which further affect the adoption in the automotive application and further restricting the market growth. Additionally, Environmental concerns regarding lead-acid batteries, such as the risk of explosion, the size of the battery, and its weight, are among the few restraints on market development. Since, the use of lead-acid batteries in solar street lights, and the rise in energy storage systems all provide ample opportunities for the global lead-acid battery market during the forecast period.
Segmental Outlook
The global lead acid battery market is segmented based on type and end-users. Based on type, the market is further segmented into flooded lead-acid batteries, sealed lead-acid batteries, AGM lead-acid batteries, gel sealed lead acid batteries, and others. Based on the end-user segment, the market is categorized into automotive, industrial, and others.
Global Lead Acid Battery Market Share by Type, 2020 (%)
The flooded lead-acid battery is estimated to be the fastest-growing segment in the global lead acid battery market
The flooded lead-acid battery is projected to grow at the highest CAGR during the forecast period due to the increased demand for marine applications such as submarines. As compared to other lead-acid batteries, flooded lead-acid batteries have a higher effective power output, are more cost-effective, and have longer battery life. As a result of the benefits provided by the flooded lead-acid battery, the segmental growth is projected to increase during the forecast period. A flooded battery with lead-acid chemistry is the most popular in the industry that is also known as a valve operated battery. The flood lead-acid batteries last up to 8 years however, some manufacturers determine a battery's lifetime based on the number of cycles it has completed rather than the number of years it has been in use.
Regional Outlooks
The global lead-acid battery market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. The European market is projected to grow significantly during the forecasted period due to widespread automobile production in countries such as Germany, Italy, Sweden, and UK. Moreover, the presence of major automotive manufacturers such as Jaguar, Volkswagen, Volvo, Audi, BMW, Mercedes-Benz, and Fiat further provides a significant opportunity for market growth in the region.
Global Lead-Acid Battery Market Growth, by Region 2021-2027
Asia-Pacific is projected to dominate the global lead acid battery market
Geographically, Asia-Pacific is projected to dominate the global lead acid battery market. The dominance mainly attributed to increasing demand for energy storage systems and rising demand for renewable energy, as well as favourable government funding for the production of solar and wind energy. The major countries in the region include India, Japan, China, and others. The growing car, motorcycle, electric bike (e-bike), telecommunications, and photovoltaic solar industries in China are driving the demand for lead batteries. Furthermore, India's rising automotive industry, a growing number of solar power projects, and ongoing telecommunication infrastructure expansion are expected to boost demand for lead acid batteries in the region
Market Players Outlook
The key players of the lead acid battery market include Hankook & Company Co., Ltd., Banner GmbH, B.B. Battery, C&D Technologies Inc., Chaowei Power Holdings Ltd., East Penn Manufacturing Co., EnerSys, Panasonic Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in November 2018, C&D Technologies announced the acquisition of the Trojan Battery company. This acquisition combined two battery manufacturers with complementary product portfolios that resulted in creating one of the largest storage providers with over $1 billion revenue, 8 manufacturing facilities, and expand its presence in all major regions.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Lead-acid Battery market
- Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying 'who-stands-where in the market.
1. Report Summary
1.1. Research Methods and Tools
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Lead Acid Battery Industry
• Recovery Scenario of Global Lead Acid Battery Industry
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Regulations
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Lead Acid Battery market By Type
5.1.1. Flooded Lead Acid Batteries
5.1.2. Sealed Lead Acid Batteries
5.1.3. AGM Lead Acid Batteries
5.1.4. Gel Sealed Lead Acid Batteries
5.1.5. Others (Deep Cycle Lead Acid Batteries)
5.2. Global Lead Acid Battery market by End-User
5.2.1. Automotive
5.2.2. Industrial
5.2.3. Others (Energy, Consumer)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Acdelco
7.2. Amaron Batteries
7.3. Aqua Metals Inc.
7.4. Hankook & Company Co., Ltd.
7.5. Banner GmbH
7.6. B.B. Battery
7.7. C&D Technologies Inc.
7.8. Chaowei Power Holdings Ltd.
7.9. East Penn Manufacturing Co.
7.10. EnerSys
7.11. First National Battery (Metindustrial (Pty) Ltd.)
7.12. GS Yuasa International Ltd.
7.13. Johnson Controls International plc
7.14. MidacS.p.A.
7.15. Narada Power Source Co. Ltd.
7.16. Panasonic Corp.
7.17. Shandong Sacred Sun Power Sources Co., ltd
7.18. Static Power, Inc.
7.19. Tianneng Battery Group Co., Ltd.
7.20. Zibo Torch Energy Co. Ltd.
1. GLOBAL LEAD ACID BATTERY MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
2. GLOBAL FLOODED LEAD ACID BATTERIES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
3. GLOBAL SEALED LEAD ACID BATTERIES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
4. GLOBAL AGM LEAD ACID BATTERIES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL GEL SEALED LEAD ACID BATTERIES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL OTHER LEAD ACID BATTERIES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL LEAD ACID BATTERY MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
8. GLOBAL LEAD ACID BATTERY IN AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL LEAD ACID BATTERY IN INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION 2020-2027 ($ MILLION)
10. GLOBAL LEAD ACID BATTERY IN OTHER END-USER MARKET RESEARCH AND ANALYSIS BY REGION 2020-2027 ($ MILLION)
11. GLOBAL LEAD ACID MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY 2020-2027 ($ MILLION)
12. NORTH AMERICAN LEAD ACID BATTERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
13. NORTH AMERICAN LEAD ACID BATTERY MARKET RESEARCH AND ANALYSIS BY TYPE,2020-2027 ($ MILLION)
14. NORTH AMERICAN LEAD ACID BATTERY MARKET RESEARCH AND ANALYSIS BYEND-USERS, 2020-2027 ($ MILLION)
15. EUROPEAN LEAD ACID BATTERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
16. EUROPEAN LEAD ACID BATTERY MARKET RESEARCH AND ANALYSIS BY TYPE,2020-2027 ($ MILLION)
17. EUROPEAN LEAD ACID BATTERY MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
18. ASIA-PACIFIC LEAD ACID BATTERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
19. ASIA-PACIFIC LEAD ACID BATTERY MARKET RESEARCH AND ANALYSIS BY TYPE,2020-2027 ($ MILLION)
20. ASIA-PACIFIC LEAD ACID BATTERY MARKET RESEARCH AND ANALYSIS BY END-USERS, 2020-2027 ($ MILLION)
21. REST OF THE WORLD LEAD ACID BATTERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
22. REST OF THE WORLD LEAD ACID BATTERY MARKET RESEARCH AND ANALYSIS BY TYPE 2020-2027 ($ MILLION)
23. REST OF THE WORLD LEAD ACID BATTERY MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL LEAD ACID BATTERY MARKET, 2020-2027 (% MILLION)
2. IMPACT OF COVID-19 ON GLOBAL LEAD ACID BATTERY MARKET BY SEGMENT, 2020-2027 (% MILLION)
3. RECOVERY OF GLOBAL LEAD ACID BATTERY MARKET, 2020-2027 (%)
4. GLOBAL LEAD ACID BATTERY MARKET SHARE BY TYPE,2020 VS 2027 (%)
5. GLOBAL LEAD ACID BATTERY MARKET SHARE BY END-USER 2020 VS 2027 (%)
6. GLOBAL LEAD ACID BATTERY MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL FLOODED LEAD ACID BATTERIES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL SEALED LEAD ACID BATTERIES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL AGM LEAD ACID BATTERIES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL GEL SEALED LEAD ACID BATTERY MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL OTHER LEAD ACID BATTERY MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL LEAD ACID BATTERY IN AUTOMOTIVE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL LEAD ACID BATTERY IN INDUSTRIAL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL LEAD ACID BATTERY IN OTHER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. US LEAD ACID BATTERY MARKET SIZE, 2020-2027($ MILLION)
16. CANADA LEAD ACID BATTERY MARKET SIZE, 2020-2027($ MILLION)
17. UK LEAD ACID BATTERY AND SEALED LEAD ACID BATTERIES MARKET SIZE, 2020-2027($ MILLION)
18. FRANCE LEAD ACID BATTERY MARKET SIZE, 2020-2027($ MILLION)
19. GERMANY LEAD ACID BATTERY MARKET SIZE, 2020-2027($ MILLION)
20. ITALY LEAD ACID BATTERY MARKET SIZE, 2020-2027($ MILLION)
21. SPAIN LEAD ACID BATTERY MARKET SIZE, 2020-2027($ MILLION)
22. REST OF EUROPE LEAD ACID BATTERY MARKET SIZE, 2020-2027($ MILLION)
23. INDIA LEAD ACID BATTERY MARKET SIZE, 2020-2027($ MILLION)
24. CHINA LEAD ACID BATTERY MARKET SIZE, 2020-2027($ MILLION)
25. JAPAN LEAD ACID BATTERY MARKET SIZE, 2020-2027($ MILLION)
26. SOUTH KOREA LEAD ACID BATTERY MARKET SIZE, 2020-2027($ MILLION)
27. REST OF ASIA-PACIFIC LEAD ACID BATTERY MARKET SIZE, 2020-2027($ MILLION)
28. REST OF THE WORLD LEAD ACID BATTERY MARKET SIZE, 2020-2027($ MILLION)
