Global Lead-Acid Battery Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Lead-Acid Battery Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

A lead acid battery is a rechargeable battery that uses lead and sulfuric acid to function. The lead is submerged into the sulfuric acid to allow a controlled chemical reaction. This chemical reaction is what causes the battery to produce electricity.

Market Overview:

The latest research study on the global Lead-Acid Battery market finds that the global Lead-Acid Battery market reached a value of USD 46287.69 million in 2023. It’s expected that the market will achieve USD 73852.69 million by 2029, exhibiting a CAGR of 8.1% during the forecast period.

Rapid technological advancements and expansion in the telecom sector to boost market growth

One of the industries that has seen a massive y-o-y growth is the telecom industry. In the times to come, the industry is expected to witness a boom. The competitive wireless telecom industry is all set to experience new levels of challenges, as a new generation of connectivity comes into existence. The telecommunications sector is one of the very fewl industries experiencing rapid technological development and improvement even during the tough times of recession. This sector continues to be an important force for innovation, growth, and disruption across multiple sectors. The majorl telecom players in the industry continue to invest in the expansion and development of their processes and operations to capitalize on the increasingly apparent opportunity for bolstered revenue generation streams. With several advancements in the communication technology and increasing interconnectivity of devices, the wireless telecom industry is prepared to continue serving as the primary support source for the overarching technology world.

Technology companies active in the market include AT&T, Deutsche Telekom AG, Verizon Communications, and others. US-based AT&T has announced ambitious plans to spend $4.25 billion to expand fiber optic coverage. The telecoms giant hopes to have its fiber network reach more than 30 million homes and businesses in its current service area by the end of 2025. Lead-acid batteries are mainly used as backup power sources for mobile base stations in the communications industry. With the rapid development of the communications industry worldwide, the industry's demand for lead-acid batteries will grow steadily.

Region Overview:

In 2022, the share of the Lead-Acid Battery market in Asia Pacific stood at 51.67%.

Company Overview:

Clarios is one of the major players operating in the Lead-Acid Battery market, holding a share of 13.75% in 2023.

Segmentation Overview:

Among different product types, VRLA Battery segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Automotive Starter segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Lead-Acid Battery market covered in Chapter 3:

Camel
Chaowei Power
Amara Raja
Sacred Sun Power Sources
Midac Power
CSB Energy Technology Co., Ltd.
Sebang
Clarios
GS Yuasa Corporate
Banner batteries
Shoto
C&D Technologies
Hankook AtlasBX
Ramcar Batteries Inc.
EAST PENN Manufacturing
Fengfan
Leoch
Narada Power
Exide Industries
Tianneng Power
Enersys
FIAMM
Exide Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the Lead-Acid Battery market from 2019 to 2030 is primarily split into:

VRLA Battery
Flooded Battery
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Lead-Acid Battery market from 2019 to 2030 covers:

Automotive Starter
Motorcycles and Electric Bikes
Forklifts and Other Vehicles
UPS
Telecom
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)