Report Overview

Global Lead-Acid Battery Market: Overview

Global Lead-Acid Battery Market is expected to grow significantly due to the growing adoption of lead-acid batteries in the automotive sector and the Uninterruptible Power Source (UPS), along with some developments in manufacturing methods. Increased demand for the product in off-grid power generation is expected to enhance the market size of lead-acid battery market during the forecast period.

Development in the transport sector, along with an increase in energy storage applications, is projected to drive industry demand soon. Rapid growth in the commercial vehicle, motorcycle and passenger car manufacturing industries is also projected to drive product demand.

Growing demand for UPS in different sectors, such as banking, oil and gas, healthcare, and chemicals, is driving the market positively. Advances in the automotive industry in India, Brazil, Mexico, South Korea, Indonesia, Thailand, and Vietnam are expected to create market opportunities for growth. Increased demand for pollution-free electric cars, coupled with technological advances, is projected to fuel demand for lead-acid batteries over the coming years.

Global Lead-Acid Battery Market: Market Segmentation

Based on type, the global Lead-Acid Battery market segmented into Standby, Motive, and SLI. Increased vehicle manufacturing, particularly in China, Japan, India, Brazil, Mexico, South Korea, and the United States, is expected to support expansion over the forecast period. For example, in October 2018, Amara Raja Batteries signed an agreement with Johnson Controls to launch a new battery technology in India that provides sophisticated consumer features and strict emission standards for the automotive industry. These initiatives are expected to boost the demand for lead-acid batteries during the forecast period.

Global Lead-Acid Battery Market: Construction

Based on Construction, the global Lead-Acid Battery market segmented into Flooded, and VRLA. The flooded lead-acid battery segment had the largest share in the previous years. It is expected to lose market share due to high maintenance costs and complex construction. Increased demand for stationary applications will, however, fuel market growth over the forecast period.

Global Lead-Acid Battery Market: Application

Based on Application, the global Lead-Acid Battery market segmented into Automotive, UPS, Telecom, Electric Bikes, Transport Vehicles and Others. Automotive was the biggest application segment in terms of revenue share. The extensive use of lead-acid batteries in the automotive sector is expected to see growth as a result of the growing automotive industry. The presence of leading automotive players such as TATA, Maruti Suzuki, Mahindra, Mitsubishi, Infinium Toyota, Hyundai, Honda, and Nissan has fueled the growth of the automotive industry in the Asia Pacific due to their strong sales channels and easy availability at economical prices.

Global Lead-Acid Battery Market: Regional Insights

Based on region, the global Lead-Acid Battery market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to be the most lucrative CAGR market during the forecast period due to the increasing demand for energy storage batteries in China and India. Also, favorable government regulations designed to generate investment from public-private alliances and foreign direct investment (FDI) are projected to fuel regional product demand.

Competitive Landscape

The major players in the global Lead-Acid Battery are Enersys, Exide Industries, GS Yuasa, Clarios, Chaowei Power, Narada Power, HBL Power Systems, Crown Battery, Northstar, Hitachi Chemical, Exide Technologies and other prominent players.

Recent Development

• March, 2020: GNB Industrial Power, a Division of Exide Technologies, LLC announced the launch of a new lithium-ion battery at MODEX 2020 that takes motive power battery performance to the next level. The GNB LiFTFORCE LPX 2.0 has greater energy density, improved integration and communication capabilities and a wider application range – all at a lower cost compared to the first generation LiFTFORCE LPX offering.

• January, 2019: GS Yuasa Corporation announced the launch of its LIM50EL series of industrial lithium-ion battery modules. The battery modules in the LIM50EL series are compatible with those in the existing LIM50EN series, but have significantly longer life spans due to progress with optimization of materials.

By Type

Ø  Standby

Ø  Motive

Ø  SLI Calcium

By Construction

Ø  Flooded

Ø  VRLA

By Application

Ø  Automotive

Ø  UPS

Ø  Telecom

Ø  Electric Bikes

Ø  Transport Vehicles

Ø  Others

By Region:  

Ø  North America

Ø  Europe

Ø  Asia Pacific

Ø  Latin America

Ø  Middle East & Africa

The objective of the Study:

Ø  To analyze and forecast the global Lead-Acid Battery Market size of the market in terms of value.

Ø  To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.

Ø  The Global Lead-Acid Battery Market segmented into five regions, namely, North America, Europe, Asia Pacific, Latin America, Middle East & Africa and their leading countries.

Ø  To outline, categorized, and forecast the global Lead-Acid Battery Market based on type, construction, and application.

Ø  To examine competitive developments like technological advancement, services, and regulative framework within the global Lead-Acid Battery Market.

Ø  To highlight the impact analysis of the factors affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

Ø  To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.