Advanced Lead-acid Battery Market by Application and Geography - Forecast and Analysis 2019-2023

Advanced Lead-acid Battery Market by Application and Geography - Forecast and Analysis 2019-2023

Global Advanced Lead-Acid Battery Market: About this market

Technavio’s advanced lead-acid battery market analysis considers sales from automotive, stationary, and other applications. Our study also finds the sales of an advanced lead-acid battery in the Americas, APAC, and EMEA. In 2018, the automotive segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as low fuel prices and the increasing spending capacity of the population will play a significant role in the automotive segment to maintain its market position. Also, our global advanced lead-acid battery market report looks at factors such as increasing automotive sales and investments, increased government support for EVs, and change in energy mix. However, disadvantages of lead-based batteries, decline in lithium-ion battery costs, and increasing adoption of next-generation storage technologies may hamper the growth of the advanced lead-acid battery industry over the forecast period.

Global Advanced Lead-Acid Battery Market: Overview

Change in the energy mix

There is an increase in the demand and consumption of power around the world, which is resulting from economic development and the growing population. In addition, the growing environmental concerns caused by GHG emissions are motivating governments to adopt sustainable and renewable energy resources such as wind, solar, and biomass. However, the addition of renewable resources into the energy mix has drawbacks, which include the intermittent nature of power generation through renewables such as solar PVs. This has driven the need for energy storage systems (ESS) or solutions such as advanced lead-acid batteries. Thus, this change in energy mix will lead to the expansion of the global advanced lead-acid battery market at a CAGR of over 13% during the forecast period.

Increase in the adoption of microgrids

Electrical grids face several challenges, such as aging grid infrastructure, changing power generation landscape, and growing disparities in the demand and supply of power. These challenges result in the overstressing of the existing grid infrastructure and limit grid stability for smooth operations. Moreover, the high capital cost required to set up new grid infrastructure in rural and distant regions acts as a barrier for the extension of grid networks. Microgrids have emerged as a solution to inconsistencies in grid infrastructure and performance. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global advanced lead-acid battery market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global advanced lead-acid battery market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading advanced lead-acid battery manufacturers, that include Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, Clarios, Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., EnerSys, Exide Technologies, GS Yuasa Corp., Leoch International Technology Ltd., Narada Power Source Co. Ltd., The Furukawa Battery Co. Ltd.

Also, the advanced lead-acid battery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Vendor – Key offerings
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global battery market
      • Table Segments of global battery market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Automotive - Market size and forecast 2018-2023
      • Table Automotive - Market size and forecast 2018-2023 ($ millions)
      • Table Automotive - Year-over-year growth 2019-2023 (%)
    • Stationary - Market size and forecast 2018-2023
      • Table Stationary - Market size and forecast 2018-2023 ($ millions)
      • Table Stationary - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Rising vendor collaborations
    • Changes in grid structure driving demand for energy storage
    • Increasing adoption of microgrids
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
      • Table Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH - Vendor overview
      • Table Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH - Organizational developments
      • Table Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH - Key offerings
    • Clarios
      • Table Clarios - Vendor overview
      • Table Clarios - Organizational developments
      • Table Clarios - Key offerings
    • Crown Battery Manufacturing Co.
      • Table Crown Battery Manufacturing Co. - Vendor overview
      • Table Crown Battery Manufacturing Co. - Organizational developments
      • Table Crown Battery Manufacturing Co. - Key offerings
    • East Penn Manufacturing Co. Inc.
      • Table East Penn Manufacturing Co. Inc. - Vendor overview
      • Table East Penn Manufacturing Co. Inc. - Organizational developments
      • Table East Penn Manufacturing Co. Inc. - Key offerings
    • EnerSys
      • Table EnerSys - Vendor overview
      • Table EnerSys - Business segments
      • Table EnerSys - Organizational developments
      • Table EnerSys - Segment focus
      • Table EnerSys - Key offerings
    • Exide Technologies
      • Table Exide Technologies - Vendor overview
      • Table Exide Technologies - Organizational developments
      • Table Exide Technologies - Key offerings
    • GS Yuasa Corp.
      • Table GS Yuasa Corp. - Vendor overview
      • Table GS Yuasa Corp. - Business segments
      • Table GS Yuasa Corp. - Organizational developments
      • Table GS Yuasa Corp. - Geographic focus
      • Table GS Yuasa Corp. - Segment focus
      • Table GS Yuasa Corp. - Key offerings
    • Leoch International Technology Ltd.
      • Table Leoch International Technology Ltd. - Vendor overview
      • Table Leoch International Technology Ltd. - Organizational developments
      • Table Leoch International Technology Ltd. - Geographic focus
      • Table Leoch International Technology Ltd. - Key offerings
    • Narada Power Source Co. Ltd.
      • Table Narada Power Source Co. Ltd. - Vendor overview
      • Table Narada Power Source Co. Ltd. - Organizational developments
      • Table Narada Power Source Co. Ltd. - Key offerings
    • The Furukawa Battery Co. Ltd.
      • Table The Furukawa Battery Co. Ltd. - Vendor overview
      • Table The Furukawa Battery Co. Ltd. - Business segments
      • Table The Furukawa Battery Co. Ltd. - Geographic focus
      • Table The Furukawa Battery Co. Ltd. - Segment focus
      • Table The Furukawa Battery Co. Ltd. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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