Global Lead Acid Battery Market Growth 2023-2029

Global Lead Acid Battery Market Growth 2023-2029

Lead acid batteries are rechargeable batteries consisting of lead plates with a sulfuric acid/water electrolyte solution. One of the singular advantages of lead acid batteries is that they are the most commonly used form of battery for most rechargeable battery applications (for example, in starting car engines), and therefore have a well-established established, mature technology base.

From January to December 2020, the global lead-acid battery sales volume was approximately 589287 million VAh, an increase of 1.22% year-on-year. In the global market, both lead-acid batteries and lithium-ion batteries occupy a dominant position in secondary batteries. It is expected that the overall market demand will continue to grow.

LPI (LP Information)' newest research report, the “Lead Acid Battery Industry Forecast” looks at past sales and reviews total world Lead Acid Battery sales in 2022, providing a comprehensive analysis by region and market sector of projected Lead Acid Battery sales for 2023 through 2029. With Lead Acid Battery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lead Acid Battery industry.

This Insight Report provides a comprehensive analysis of the global Lead Acid Battery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lead Acid Battery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Lead Acid Battery market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lead Acid Battery and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lead Acid Battery.

The global Lead Acid Battery market size is projected to grow from US$ 52370 million in 2022 to US$ 65350 million in 2029; it is expected to grow at a CAGR of 65350 from 2023 to 2029.

Global key players of Lead-Acid Battery (Lead-Acid Batteries) include Clarios, Tianneng Holding Group, Chilwee, Exide Technologies, CSB Energy Technology, GS Yuasa, EnerSys and East Penn Manufacturing, etc. Top five players occupy for a share about 44%. Asia Pacific is the largest market, with a share about 50%, followed by Europe and North America. In terms of product, VRLA Battery is the largest segment, with a share over 71%. In terms of application, Automotive Starter is the largest market, with a share over 51%.

This report presents a comprehensive overview, market shares, and growth opportunities of Lead Acid Battery market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
VRLA Battery
Flooded Battery
Others

Segmentation by application
UPS
Motorcycles and Electric Bikes
Automotive
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Leoch International Technology
CSB Battery
Chloride Batteries
Nipress
B.B. Battery
Zibo Torch Energy
Johnson Controls
East Penn Manufacturing
Crown Battery
Fujian Quanzhou Dahua Battery
Panasonic Corporation
NorthStar
EnerSys
C&D Technologies
GS Yuasa Corporation
Coslight Technology
Atlasbx
Exide Technologies
Saft Groupe
Hoppecke Batteries

Key Questions Addressed in this Report

What is the 10-year outlook for the global Lead Acid Battery market?

What factors are driving Lead Acid Battery market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Lead Acid Battery market opportunities vary by end market size?

How does Lead Acid Battery break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.