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Pune India, Dec 08, 2022 (GLOBE NEWSWIRE) — The market has been studied for the below mentioned segmentation and regional analysis for North America, Europe, Asia, South America and Middle East & Africa. These are the key regions where lead battery market is currently running and is expected to expand in the near future. Manufacturers and suppliers involved in lead battery market it is present in various countries in the regions mentioned above.
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The report provides a detailed understanding of the market segments formed by combining various perspectives such as application, construction, sales channel, and others. Apart from this, the key driving factors, restraints, potential growth opportunities, and market challenges are also discussed in the paragraphs below.
Significant players operating in the world lead battery market are C&D Technologies, Shandong Sacred Sun Power Sources, GS Yuasa International, Enersis, BB Batteri, Middle East Batteri Company, Ekide Industries, MUTLU, Narada Power Source Co., Ltd. Leoch International Technology, and Amara Raja Batteries, among others. To achieve significant market share in the global lead-acid battery market and strengthen their position, manufacturers are following expansion methods such as current development, mergers and acquisitions, product innovations, collaborations and partnerships, joint ventures.
The lead-acid battery is the most conventional type of rechargeable battery and is used in a wide range of industries. Also, because the cells have a high power-to-weight ratio, it offers the advantage of supplying a high surge current. Lead-acid batteries are preferred for use in the automotive industry because of their high power-to-weight ratio and low cost. Battery terminals, plates, cells, separators and containers are components of lead acid batteries. Most data centers in the region use a lot of energy. In order to maintain a stable power supply, backup systems use battery technologies that are necessary to power and store data in the data center. Salesforce is one of many software companies that plans to continue investing in data centers and enterprise cloud computing infrastructure. The proliferation of relevant features, such as lead-acid batteries with valve regulation, will result in an increase in data center infrastructure. The need for data centers to centralize information, store data and distribute data is also expected to grow as IT infrastructure continues to advance. Globally, there is a heavy reliance on constant communication, and the exchange of information is on the rise. These and other factors, together with the increasing frequency of unplanned power outages, will create profitable prospects for the expansion of the lead-acid battery business.
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Scope of the Lead Acid Battery Market Report
| Report Metric | Information |
| Study period | 2021-2029 |
| Basic year | in 2021 |
| Forecast period | 2022-2029 |
| Unit of market share | billion dollars |
| Segments covered | By application, by construction, by sales channel, region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and the Middle East and Africa |
| The main players | C&D Technologies, Shandong Sacred Sun Power Sources, GS Yuasa International, Enersis, BB Batteries, Middle East Battery Company, Ekide Industries, MUTLU, Narada Power Source Co., Ltd. Leoch International Technology, and Amara Raja Batteries, among others |
Segmentation analysis
VRLA is expected to be the fastest growing segment in 2021.
Construction includes flooded and VRLA. VRLA is expected to achieve the highest growth rate during the forecast period. Favorable features including strong temperature resistance and minimal electrolyte evaporation and spillage will increase demand for the products. This type of battery is additionally resistant to shocks and vibrations. They have advantages over traditional flooded units in terms of installation, safety and energy density.
The SLI segment is expected to be the fastest growing segment in 2021.
The application segment is stationary, motive and SLI. Due to increased demand for other products, such as stationery and motifs, it is expected to develop slowly during the forecast period. However, growing demand in high-power applications such as the automotive industry is projected to favorably impact the growth of the segment. During the forecast period, growth is expected to be supported by increasing automobile production, particularly in China, Japan, India, Brazil, Mexico, South Korea, and the United States. For example, Amara Raja Batteries and Johnson Controls signed an agreement in October 2018 to provide new battery technology in India that offers superior consumer features and strict pollution criteria for the automotive sector. During the forecast period, such initiatives are anticipated to fuel the demand for lead-acid batteries.
Regional analysis
Regional analysis provides detailed insight into key regions and countries. Some of the key countries analyzed for the Lead Acid Battery are USA, Canada, Mexico, Germany, France, UK, Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa and Saudi Arabia.
- The Asia Pacific region accounts for a large share. The use of lead-acid batteries is expected to be driven by the growing construction sector in developing countries, including China, South Korea, Vietnam, India, Japan, Malaysia and Indonesia. The Association of Indian Automobile Manufacturers reports that overall car sales increased by 14.22% from 2016-2017 to 2017-2018. SLI lead-acid batteries will become more popular as car sales increase. Due to growing demand for energy storage batteries in China and India, Asia Pacific is projected to have the highest CAGR during the forecast period. Furthermore, supportive government policies aimed at attracting FDI and public-private partnerships are predicted to increase demand for regional products.
Country analysis
The Germany lead acid battery market size is valued at USD 6.19 billion in 2021 and is expected to reach USD 7.13 billion by 2029, with a CAGR of 1.8% from 2022 to 2029.
Growing demand from a wide range of industries, including telecommunications, oil and gas, automotive, mining, manufacturing and chemicals, is a major driver of demand in the German market. Demand for lead-acid batteries has also increased as a result of the presence of major car manufacturers in Germany.
The China Lead Acid Battery market is valued at USD 12 billion in 2021 and is expected to reach USD 14.7 billion by 2029, with a CAGR of 2.6% from 2022 to 2029. In China, the need for consistent and efficient power supply has increased. High capacity batteries are also in high demand due to the wide use of devices such as inverters, UPS systems and switchgear. These factors are driving the demand for lead acid batteries in the country.
The lead acid battery market size in India is estimated at USD 10 billion in 2021 and is expected to reach USD 11.9 billion by 2029, at a CAGR of 2.3% from 2022 to 2029. India’s lead-acid battery market is growing as a result of the country’s booming telecom sector and increased technological advancement. The growing subscriber base in India over the last ten years is largely attributed to the growing population, the era of digitization and the introduction of 4G services. This trend is expected to continue with the upcoming rollout of 5G services across the country. As a result of the need for companies to build more telecommunications towers across the country to accommodate the growing number of customers, there is now a significant market for backup lead-acid batteries.
Impact of Covid-19
Covid-19 has had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobiles, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences for technology services. In addition, the pandemic has led to significant growth in technology in both developing and developed countries.
Furthermore, the growth of this market is mainly driven by the growing demand for lead acid batteries from various applications including commercial and residential applications.
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