Lead Acid Battery Market by Technology (Basic, Advanced Lead Acid), Type (Stationary, Motive), Construction Method (Flooded, VRLA), End-User (Utilities, Transportation, Industrial, Commercial & Residential), and Region - Global Forecast to 2024

Lead Acid Battery Market by Technology (Basic, Advanced Lead Acid), Type (Stationary, Motive), Construction Method (Flooded, VRLA), End-User (Utilities, Transportation, Industrial, Commercial & Residential), and Region - Global Forecast to 2024

“The global lead acid battery market is projected to grow at a CAGR of about 4 - 5% from 2019 to 2024”
The global lead acid battery market is projected to reach USD 52.5 billion by 2024 from an estimated USD 41.6 billion in 2019, at a CAGR of 4.7% during the forecast period. This growth can be attributed to factors such as the basic requirement of cost-effective battery storage solutions in the developing countries, the rapid expansion of the telecom sector across the globe, and the rapidly expanding data centers requiring a steady supply of back-up power from uninterrupted power supplies (UPS).

“The transportation segment is expected to be the largest market, by end-user, during the forecast period”
The transportation segment is expected to be the largest market, by end-user, during the forecast period. This segment consists of automobiles and logistics. Majority of the implementation happens in the stat, lighting, and ignition (SLI) application in this segment. Cargo handling units like cargo vehicles, trolleys, forklifts, etc.

Advanced lead acid battery segment is expected to be the fastest-growing segment of the lead acid battery market, by technology, during the forecast period
Advanced lead acid batteries contain carbon cushioning which limits the rate at which the anode plate of the lead acid battery gets used up. This control on the plate ensures a longer life of the battery and also drastically reduces the maintenance of the cell. Thus, this segment is expected to see significant growth in the forecast period as end-users from all domains value these benefits, which make advanced lead acid batteries more valuable than the basic ones.

“Asia Pacific: The largest lead acid battery market”
Asia Pacific is projected to be the largest and the fastest-growing lead acid battery market by 2024. Countries like China, Japan, and India, generally prefer cost-effective solutions to cater to their need for battery storage systems. Applications like peak shaving, integration of generated renewable energy into the national grid, consistency in the electric energy supplied, and dependable source for backup power, require the installation of lead acid battery systems.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier I–60%, Tier II–20%, and Tier III–20%
By Designation: C-Level–55%, Director Level–30%, and Others–15%
By Region: North America–15%, Europe–20%, Asia Pacific–25%, the Middle East & Africa–25%, and South America–10%

Note: Others includes sales managers, marketing managers, product managers, and product engineers.
The tier of the companies is defined on the basis of their total revenue as of 2017; Tier 1: USD 1 billion, Tier 2: from USD 1 billion to USD 500 million, and Tier 3:

The global lead acid battery market is dominated by a few major players that have an extensive regional presence. The leading players in the lead acid battery market are EnerSys (US), Exide Industries (India), GS Yuasa (China), Clarios (US), Panasonic (Japan), Chaowei Power (China), Narada Power (China), HBL Power Systems (India), Crown Battery (US), NorthStar (Sweden), Hitachi Chemical (Japan), Exide Technologies (US), Teledyne Technologies (US), East Penn (US), Hankook AltasBX (Korea), HOPPECKE (Germany), C&D Technologies (US), Rolls Battery (Canada), Camel Power (Malaysia), Amara Raja Power System (India), XUPAI Battery (China), Okaya Power (India), Leoch International Technology (Hong Kong), Harbin Coslight Power (China), First National Battery (South Africa)

Research Coverage:
The report defines, describes, and forecasts the global lead acid battery market, by technology, type, construction method, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the lead acid battery market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONAL SCOPE
    • LIMITATIONS
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • SCOPE
    • MARKET SIZE ESTIMATION
      • DEMAND-SIDE ANALYSIS
        • Table INSTALLATION OF LEAD ACID BATTERIES IN THE TRANSPORTATION SECTOR FORMED THE DETERMINING FACTOR FOR DEDUCING THE GLOBAL LEAD ACID BATTERY MARKET
      • SUPPLY SIDE ANALYSIS
      • FORECAST
    • SOME OF THE INSIGHTS OF INDUSTRY EXPERTS
  • EXECUTIVE SUMMARY
    • Table GLOBAL LEAD ACID BATTERY MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE LEAD ACID BATTERY MARKET DURING THE FORECAST PERIOD
    • LEAD ACID BATTERY MARKET, BY TECHNOLOGY
    • LEAD ACID BATTERY MARKET, BY TYPE
    • LEAD ACID BATTERY MARKET, BY CONSTRUCTION METHOD
    • LEAD ACID BATTERY MARKET, BY END-USER
    • LEAD ACID BATTERY MARKET, BY INDUSTRIAL SEGMENT
    • LEAD ACID BATTERY MARKET, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table UPCOMING INVESTMENTS IN THE BATTERY STORAGE SPACE
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
        • Table COST COMPARISON OF LEAD ACID BATTERIES AND LITHIUM-ION BATTERIES
    • SUPPLY CHAIN ANALYSIS
      • RAW MATERIAL SUPPLIERS
      • MANUFACTURERS
      • DISTRIBUTORS
      • END-USERS/ENGINE MANUFACTURERS
  • LEAD ACID BATTERY MARKET, BY TECHNOLOGY
    • INTRODUCTION
      • Table LEAD ACID BATTERY MARKET SIZE, BY TECHNOLOGY, 2017-2024 (USD BILLION)
    • BASIC LEAD ACID BATTERY
      • DEMAND FOR BASIC LEAD ACID BATTERY IS DRIVEN BY ITS LOW SELLING COST
        • Table BASIC LEAD ACID MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
    • ADVANCED LEAD ACID BATTERY
      • DEMAND FOR ADVANCED LEAD ACID BATTERY IS DRIVEN BY ITS LONGER LIFE CYCLE AS COMPARED WITH BASIC LEAD ACID BATTERY
        • Table ADVANCED LEAD ACID BATTERY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
  • LEAD ACID BATTERY MARKET, BY TYPE
    • INTRODUCTION
      • Table LEAD ACID BATTERY MARKET SIZE, BY TYPE, 2017-2024 (USD BILLION)
    • STATIONARY
      • USAGE OF THESE BATTERIES WOULD PRIMARILY BE IN THE COMMERCIAL & RESIDENTIAL SECTORS AND UTILITIES, WHICH IS EXPECTED TO LEAD TO THE GROWTH OF THE SEGMENT DURING THE FORECAST PERIOD
        • Table STATIONARY: LEAD ACID BATTERY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
    • MOTIVE
      • INCREASED APPLICATION IN THE STARTING, LIGHTING, AND IGNITION (SLI) AND RELATED TRANSPORTATION SECTOR IS EXPECTED TO BOOST THE SEGMENT DURING THE FORECAST PERIOD
        • Table MOTIVE: LEAD ACID BATTERY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
  • LEAD ACID BATTERY MARKET, BY CONSTRUCTION METHOD
    • INTRODUCTION
      • Table LEAD ACID BATTERY MARKET SIZE, BY CONSTRUCTION METHOD, 2017-2024 (USD BILLION)
    • FLOODED
      • THE USAGE IN STATIC APPLICATIONS WILL HELP IN THE GROWTH OF THE SEGMENT DURING THE FORECAST PERIOD
        • Table FLOODED: LEAD ACID BATTERY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
    • VRLA BATTERY
      • USAGE OF VRLA BATTERIES IN THE MOTIVE AND TRANSPORTATION SEGMENTS IS EXPECTED TO GROW DURING THE FORECAST PERIOD
        • Table VRLA: LEAD ACID BATTERY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
  • LEAD ACID BATTERY MARKET, BY END-USER
    • INTRODUCTION
      • Table LEAD ACID BATTERY MARKET, BY END-USER, 2018 (USD BILLION)
    • UTILITY
      • RENEWABLE ENERGY DRIVES THE NEED FOR LEAD ACID BATTERY IN THE UTILITY SEGMENT
        • Table UTILITY: LEAD ACID MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
    • TRANSPORTATION
      • INCREASING NEED FOR EFFICIENT MANAGEMENT OF GOODS AND SERVICES IN THE TRANSPORTATION SECTOR HAS LED TO A RISE IN THE DEMAND FOR LEAD ACID BATTERIES
        • Table TRANSPORTATION: LEAD ACID BATTERY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
    • INDUSTRIAL
      • POWER BACKUP IN INDUSTRIAL APPLICATIONS CREATES THE NEED FOR USAGE OF LEAD ACID BATTERIES
        • Table LEAD ACID BATTERY MARKET SIZE, BY INDUSTRIES, 2017-2024 (USD BILLION)
        • Table INDUSTRIAL: LEAD ACID BATTERY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
    • COMMERCIAL & RESIDENTIAL
      • DEMAND FOR ADVANCED LEAD ACID BATTERY IS DRIVEN BY ITS LONGER LIFE CYCLE AS COMPARED WITH BASIC LEAD ACID BATTERY
        • Table COMMERCIAL & RESIDENTIAL: LEAD ACID BATTERY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
  • LEAD ACID BATTERY MARKET, BY REGION
    • INTRODUCTION
      • Table LEAD ACID BATTERY MARKET SIZE, BY REGION, 2017-2024 (USD BILLION)
    • ASIA PACIFIC
      • BY TECHNOLOGY
        • Table ASIA PACIFIC: LEAD ACID BATTERY MARKET SIZE, BY TECHNOLOGY, 2017-2024 (USD BILLION)
      • BY TYPE
        • Table ASIA PACIFIC: LEAD ACID BATTERY MARKET SIZE, BY TYPE, 2017-2024 (USD BILLION)
      • BY CONSTRUCTION METHOD
        • Table ASIA PACIFIC: LEAD ACID BATTERY MARKET SIZE, BY CONSTRUCTION METHOD, 2017-2024 (USD BILLION)
      • BY END-USER
        • Table ASIA PACIFIC: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
      • BY COUNTRY
        • Table ASIA PACIFIC: LEAD ACID BATTERY MARKET SIZE, BY COUNTRY, 2017-2024 (USD BILLION)
        • Table CHINA: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
        • Table JAPAN: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
        • Table INDIA: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
        • Table SOUTH KOREA: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
        • Table REST OF ASIA PACIFIC: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
    • EUROPE
      • BY TECHNOLOGY
        • Table EUROPE: LEAD ACID BATTERY MARKET SIZE, BY TECHNOLOGY, 2017-2024 (USD BILLION)
      • BY TYPE
        • Table EUROPE: LEAD ACID BATTERY MARKET SIZE, BY TYPE, 2017-2024 (USD BILLION)
      • BY CONSTRUCTION METHOD
        • Table EUROPE: LEAD ACID BATTERY MARKET SIZE, BY CONSTRUCTION METHOD, 2017-2024 (USD BILLION)
      • BY END-USER
        • Table EUROPE: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
      • BY COUNTRY
        • Table EUROPE: LEAD ACID BATTERY MARKET SIZE, BY COUNTRY, 2017-2024 (USD BILLION)
        • Table GERMANY: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
        • Table RUSSIA: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
        • Table UK: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
        • Table ITALY: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
        • Table REST OF EUROPE: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
    • NORTH AMERICA
      • BY TECHNOLOGY
        • Table NORTH AMERICA: LEAD ACID BATTERY MARKET SIZE, BY TECHNOLOGY, 2017-2024 (USD BILLION)
      • BY TYPE
        • Table NORTH AMERICA: LEAD ACID BATTERY MARKET SIZE, BY TYPE, 2017-2024 (USD BILLION)
      • BY CONSTRUCTION METHOD
        • Table NORTH AMERICA: LEAD ACID BATTERY MARKET SIZE, BY CONSTRUCTION METHOD, 2017-2024 (USD BILLION)
      • BY END-USER
        • Table NORTH AMERICA: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: LEAD ACID BATTERY MARKET SIZE, BY COUNTRY, 2017-2024 (USD BILLION)
        • Table US: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
        • Table CANADA: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
        • Table MEXICO: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
    • SOUTH AMERICA
      • BY TECHNOLOGY
        • Table SOUTH AMERICA: LEAD ACID BATTERY MARKET SIZE, BY TECHNOLOGY, 2017-2024 (USD BILLION)
      • BY TYPE
        • Table SOUTH AMERICA: LEAD ACID BATTERY MARKET SIZE, BY TYPE, 2017-2024 (USD BILLION)
      • BY CONSTRUCTION METHOD
        • Table SOUTH AMERICA: LEAD ACID BATTERY MARKET SIZE, BY CONSTRUCTION METHOD, 2017-2024 (USD BILLION)
      • BY END-USER
        • Table SOUTH AMERICA: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
      • BY COUNTRY
        • Table SOUTH AMERICA: LEAD ACID BATTERY MARKET SIZE, BY COUNTRY, 2017-2024 (USD BILLION)
        • Table BRAZIL: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
        • Table CHILE: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
        • Table REST OF SOUTH AMERICA: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
    • MIDDLE EAST & AFRICA
      • BY TECHNOLOGY
        • Table MIDDLE EAST & AFRICA: LEAD ACID BATTERY MARKET SIZE, BY TECHNOLOGY, 2017-2024 (USD BILLION)
      • BY TYPE
        • Table MIDDLE EAST & AFRICA: LEAD ACID BATTERY MARKET SIZE, BY TYPE, 2017-2024 (USD BILLION)
      • BY CONSTRUCTION METHOD
        • Table MIDDLE EAST & AFRICA: LEAD ACID BATTERY MARKET SIZE, BY CONSTRUCTION METHOD, 2017-2024 (USD BILLION)
      • BY END-USER
        • Table MIDDLE EAST & AFRICA: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
      • BY COUNTRY
        • Table MIDDLE EAST & AFRICA: LEAD ACID BATTERY MARKET SIZE, BY COUNTRY, 2017-2024 (USD BILLION)
        • Table UAE: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
        • Table SAUDI ARABIA: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
        • Table SOUTH AFRICA: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
        • Table REST OF THE MIDDLE EAST &AFRICA: LEAD ACID BATTERY MARKET SIZE, BY END-USER, 2017-2024 (USD BILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE LEADERSHIP MAPPING, 2018
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC
      • EMERGING
    • MARKET SHARE ANALYSIS
    • COMPETITIVE SCENARIO
      • NEW PRODUCT LAUNCHES
      • EXPANSIONS & INVESTMENTS
      • CONTRACTS & AGREEMENTS
      • MERGERS & ACQUISITIONS
  • COMPANY PROFILES
    • ENERSYS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • EXIDE INDUSTRIES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GS YUASA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CLARIOS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • PANASONIC
      • BUSINESS OVERVIEW
      • PRODUCT OFFERINGS
      • MNM VIEW
    • CHAOWEI POWER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • NARADA POWER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • HBL POWER SYSTEMS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • CROWN BATTERY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • NORTHSTAR
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • HITACHI CHEMICAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • EXIDE TECHNOLOGIES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook