Stationary Lead-acid Battery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Stationary Lead-acid Battery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The stationary lead acid battery market is expected to grow at a CAGR of over 4% during the period of 2020-2025. Factors such growing industrial sector and the low cost of lead-acid batteries, to drive the secondary lead-acid battery market during the forecast period. However, declining lithium-ion battery prices and increasing electric vehicles sales, are likely to restrain the growth of the secondary lead-acid battery market in the coming years.

Key Highlights

• Valve regulated lead-acid battery is expected to dominate the market due to the increasing application in power backup systems around the world.
• Decreasing cost of solar PV equipment and supportive global initiatives over concern of rising pollution, is expected to increase the utilization of off-grid solar projects significantly, which in turn is expected to provide great opportunity for the stationary lead-acid battery market in forecast period.
• Asia-Pacific is expected to dominate the stationary lead acid battery market, with the majority of the demand coming from the China, Japan, and India.

Key Market TrendsValve Regulated Battery to Dominate The Market

• Valve regulated battery are designed majorly for power back up system and therefore, it is always installed with the various charging system, which means that there is a continuous cycle of charge and discharge in the battery whenever the application is in use. The 12-volt batteries have been the most commonly used batteries for more than 50 years.
• The major factors attributing to the growth of valve regulated battery market is the increasing demand for these batteries to power back-up system application such as Telecom, UPS, Energy Storage Systems (ESS), etc. for high performance, long life, and cost efficiency.
• Lead acid battery is the technology of choice for all valve regulated battery applications in conventional UPS application, such UPS for telecom industry, data centre industry, etc.
• Although there has been a slight decline in market growth for the valve regulated battery, due to increasing demand for lithium ion batteries, modern power back-up technologies are expected to continue to use valve regulated battery type lead acid batteries to provide power for a range of electronics and safety features within the power back-up system.
• Therefore, the aforementioned factors are expected to drive the market in forecast period, similar to the trend witnessed in recent years.

Asia-Pacific to Dominate the Market Growth

• Asia-Pacific is expected to dominate the stationary lead acid battery market, with the majority of the demand coming from the China, Japan, and India.
• Major countries of Asia Pacific region, is focusing on increasing the number of data centres installed across the countries, due to the growth of the IT sector. Lead acid batteries are expected to be used as a backup power solution in these data centres owing to their functionality across a wide temperature range.
• Moreover, the government of China is planning to increase the number of hospitals in China is expected to drive the requirement for power backup devices, which in turn will increase the demand for stationary lead-acid batteries.
• Moreover, favorable government policies in the region along with growing number of public-private partnership projects are expected to augment the usage of lead-acid batteries in the buildings.
• Additionally, in India, the growing IT industry sector, increasing number of solar power projects, and continuous expansion of telecommunication infrastructure is expected to drive the demand for stationary lead acid batteries in the country.
• The telecom sector remains as one of the most promising end users for lead-acid batteries in India. The Indian telecommunication sector has registered a strong growth over the past decade and is currently, the world’s second-largest telecommunications market, with a subscriber base of 1.19 billion as of 2018.
• Therefore due to increasing economies of countries such as India and China, and the growth of power backup systems, growth of telecommunication sector in India and favorable government policies in the region are expected to help grow the market.

Competitive Landscape

The stationary lead-acid battery market is fragmented. Some of key players in this market include Panasonic Corporation, GS Yuasa Corporation, EnerSys, East Penn Manufacturing Co, and Leoch International Technology Limited.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Johnson Controls International PLC
Exide Technologies Inc.
GS Yuasa Corporation
EnerSys
East Penn Manufacturing Co.
C&D Technologies Inc.
Amara Raja Batteries Ltd
Leoch International Technology Limited
Panasonic Corporation

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