Air Quality Control Systems Market Assessment, By Technology [Flue Gas Desulfurization, Electrostatic Precipitators, NOx Control Systems, Scrubber, Mercury Control Systems], By Pollutant Type [Gas, Dust, Multi-Pollutant], By Product [Indoor, Ambient], By

Air Quality Control Systems Market Assessment, By Technology [Flue Gas Desulfurization, Electrostatic Precipitators, NOx Control Systems, Scrubber, Mercury Control Systems], By Pollutant Type [Gas, Dust, Multi-Pollutant], By Product [Indoor, Ambient], By End-use Industry [Power Generation, Construction Material, Metal Processing, Oil and Gas, Food and Beverage, Textile, Pharmaceutical, Others], By Region, Opportunities and Forecast, 2017-2031F

Global automotive lead acid battery market is projected to witness a CAGR of 2.52% during the forecast period 2024-2031, growing from USD 32.97 billion in 2023 to USD 40.24 billion in 2031. The market has witnessed significant growth in recent years and is expected to maintain an expansion in the coming years owing to a rising number of vehicle ownerships, technological advancements in vehicles, growing requirements for passenger cars, and stringent government regulations to reduce carbon emissions. The global automotive lead acid battery market demand is rising owing to the increasing adoption of electric and hybrid vehicles, the convenience of buying lead acid batteries, and rapid urbanization. The significant growth in investment in improving battery technology to extend the duration and reduce charging time without the effectiveness of lead acid batteries is fostering the growth of the global lead acid batteries market. Governments across the globe are compelling companies to increase their investment in enhancing battery technology to offer an overall better driving experience and vehicle safety.

Companies in the global automotive lead acid battery market are significantly investing in different research and development activities to advance the performance and durability of automotive lead acid batteries. The significant increase in requirements for automotive industries resulted in the surged production of vehicles across emerging countries, which further raised the demand for automotive components, including automotive lead acid batteries. In addition, companies are launching advanced lead acid batteries to offer high performance and improved durability for vehicles.

For instance, in July 2024, Exide Industries Ltd announced the launch of the starting, light, and ignition (SLI-AGM) battery for the automotive market. The lead acid battery class is based on Absorbent Glass Mat (AGM) technology and is designed to offer reliable starting power and potentially longer life compared to standard lead acid batteries.

Rapid Production of Automobiles to Drive the Global Automotive Lead Acid Battery Market Growth

The considerable increase in the production of automobiles and technological advancement in electric vehicles are projected to drive the global automotive lead acid battery market growth in the forecast period. With the rapid advancement of innovative technology and the growing prevalence of electric vehicles, lead acid batteries continue to be broadly utilized in various automobiles as these are the most mature rechargeable battery technologies. Automakers in the automotive market are introducing new vehicles equipped with maintenance and charging equipment precisely designed for lead acid batteries. Additionally, the rising automotive production and sales are leading to a surge in the requirement for lead acid batteries, which are essential for powering the expanding number of vehicles. The outlook for the automotive lead acid battery market continues to be positive, fueled by rising vehicle ownership rates and global automotive production. Companies for vehicles in the market are integrating lead acid batteries in vehicles to offer safety and cost-effectiveness.

For instance, in April 2024, GS Yuasa Corporation announced the launch of a renewed ECO.R HV Auxiliary Valve-Regulated Lead-Acid (VRLA) battery series for Toyota hybrid vehicles in June 2024 to address the demand for automotive batteries and expectations.

Advancements in Lead Acid Battery Technology Drives the Global Automotive Lead Acid Battery Market Demand

Lead-acid batteries are a type of rechargeable battery known for their relatively low energy density. Despite the rising prevalence of lithium-ion batteries in EVs, lead acid batteries continue to be significant for traditional vehicles and certain applications owing to their cost-efficiency and reliability. Absorbent Glass Mat and Gel battery technologies represent efficient advancements in lead acid batteries. AGM batteries use a fiberglass mat to absorb and retain the electrolyte, which improves vibration resistance and makes them spill-proof. Contrarily, Gel batteries utilize a silica-based gel to immobilize the electrolyte, which enhances their cycle life and deep-cycling performance. In addition, companies in the market are collaborating to launch innovative and advanced batteries to deliver effective durability and reliability to vehicles.

For instance, in January 2024, CLARIOS, LLC announced a collaboration with Altris AB to advance sustainable sodium-ion battery technology. Automakers are responding to this shift by investigating different multi-battery options, such as lithium-ion batteries, absorbent glass mat (AGM) lead acid batteries, and other types of chemistries, for some of the most iconic vehicles globally.

Government Rules and Regulations to Propel Market Growth

Governments of emerging countries are framing different environmental rules and taking sustainable initiatives to reduce emissions and encourage eco-friendly transportation, driving the global automotive lead acid battery market growth in the forecast period. Governments across the globe, especially in emerging countries, implement stringent emission standards to reduce air pollution, noise pollution, and climate change, compelling companies to introduce more advanced, eco-friendly, and fuel-efficient vehicles. Therefore, companies are increasing the production of electric and hybrid vehicles, which further fosters the global automotive lead acid battery market demand. In addition, governments of different countries are offering incentives and subsidies on the purchase and sale of electric vehicles and increasing investment to promote the adoption of electric vehicles, which paved the way for the rising production of automotive lead acid batteries.

For instance, in April 2023, the United States administration announced new private and public sector investments to increase the adoption rate of electric vehicles and planned to expand the tax credit for purchases of new and used EVs to reduce carbon emissions and bring the benefits of clean energy to communities across the nation.

Passenger Car to Dominate the Global Automotive Lead Acid Battery Market Share

Passenger cars hold the largest market share for lead acid batteries due to increased production of electric passenger vehicles, rising awareness concerning sustainable transportation, and rapid technological advancement. The global passenger car market demand is rising as these are prominent for personal mobility, have a high initial burst of power, and are typically more efficient than other types of vehicles to commute locally. In addition, automakers are producing passenger cars owing to their low maintenance costs and longer lifespan. Furthermore, governments in emerging countries significantly compel companies to produce electric passenger cars as they offer durability, safety, and longevity in sustained-use scenarios. Furthermore, companies are introducing electric passenger cars to enhance the driving experience of end users and efficiently contribute to zero carbon emissions.

For instance, in January 2024, BYD Company Limited announced the launch of electric cars in Indonesia to expand its market presence and product portfolio.

Asia-Pacific Dominates the Global Automotive Lead Acid Battery Market Size

Asia-Pacific dominates the global automotive lead acid batteries market owing to a significant increase in populations, urbanization, industrialization, and the growing demand for electric vehicles across emerging countries. Asia-Pacific automotive lead acid battery market growth is rising considerably owing to witness a notable move towards sustainable transportation, maintenance-free lead acid batteries, and efficient advancement in designs and technologies. The key drivers propelling the automotive lead acid battery market demand are high production and sales of electric vehicles, population growth, rapid industrialization, and urbanization. Companies in the market are efficiently working on integrating lead acid batteries in vehicles to address the rising demand and reduce their carbon footprint.

For instance, in August 2024, Zelio E Bikes announced the launch of the Eeva e-scooter lineup including Eeva, Eeva ZX+, and Eeva Eco. The high-end Eeva ZX+ trim includes all the features available in the Eeva and Eeva Eco trims and offers a selection of 5 different battery packs. Also, the company offers a warranty of one year or 10,000 km for both lead acid and lithium-ion batteries.

Future Market Scenario (2024 – 2031F)

The increase in production and sales of electric vehicles and rising awareness concerning sustainable transportation are projected to propel the global automotive lead acid battery market growth.

Rapid industrialization, stringent government regulations to reduce carbon footprint, and growing requirements for SLI batteries are estimated to foster the global automotive lead acid battery market demand in the forecast period.

Emerging countries are planning to expand logistics and transportation sectors that require efficient battery solutions for passenger and commercial vehicles, further propelling market growth across the globe.

The growing awareness of environmental concerns propels the market propels the market, the increasing emphasis on sustainable practices, and the surging requirement for responsible waste management.

Key Players Landscape and Outlook

Companies in the global automotive lead acid battery market are investing significantly in different research and development activities to expand their durability and advance the performance of vehicles. Companies in the global market are continuously working on developing new products to expand their product range and gain momentum across different regions. In addition, companies in the market are efficiently adopting different growth strategies, including partnerships, amalgamation, joint ventures, mergers and acquisitions, and collaboration to expand their market presence and product range.

CSB Energy Technology Co., Ltd, a leading global manufacturer of valve-regulated lead-acid batteries, offers better and more reliable battery solutions and has a worldwide distribution network coupled with consistent development in the quality of their products.