Lead Acid Battery Market Key Highlights:
- Market Size (2024): USD 62.90 Billion
- Projected Market Size (2034): USD 109.50 Billion
- CAGR (2024-2034): 5.7%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Lead Acid Battery Market Definition
The lead acid battery market is a crucial segment of the energy and power industry. This industry deals in manufacturing and distribution of rechargeable batteries derived from lead. These batteries use a chemical reaction between lead dioxide, lead, and sulfuric acid for storing and generating electricity. The various products manufactured by this industry comprises of SLI batteries, stationary batteries and motive batteries. The technological advancement in telecom industry coupled with growing use of these batteries in numerous industries has boosted the market growth. This market is expected to rise significantly with the growth of the battery industry across the world.
The demand for these batteries has increased from marine sector due to its use in boats and other marine applications, thereby driving the market growth. Also, the rising focus on renewable energy generation coupled with growing demand for cost-effective power backup systems is playing a pivotal role in shaping the industrial landscape. Moreover, the increasing application of these batteries in several sectors including automotive, emergency power, UPS, data centers and some others is projected to boost the growth of the lead acid battery market. The research and developments related to absorbent glass mat (AGM) along with rising emphasis on recyclable batteries is expected to create opportunities for the market players in the upcoming years.
Lead Acid Battery Market Segmentation:
By Product Type
- Flooded Battery
- AGM Battery
- Gel Battery
By Application
- Transportation
- Motive Industrial
- Stationary Industrial
- Commercial
- Residential
- Grid Storage
- Others
By Sales Channel
Lead Acid Battery Market Companies:
- Furukawa Electric Co., Ltd
- Zhejiang Narada Power Source Co., Ltd
- Clarios
- Leoch International Technology Ltd
- Yokohama Batteries Sdn. Bhd
- EnerSys
- Exide Industries Limited
- GS Yuasa Corporation
- Hoppecke Batterien GmbH & Co. KG
- Crown Battery Corporation
- C&D Technologies, Inc.
- Coslight Technology International Group Co. Ltd
- East Penn Manufacturing Co
- Chaowei Power Holdings Limited
- Zhangzhou Huawei Power Supply Technology Co., Ltd
- B. B. Battery Co., Ltd
- Camel Group Co., Ltd
- Shandong Sacred Sun Power Sources Co.
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