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Lead Acid Battery Market report categorizes the global market by Product Type (SLI Lead Acid Battery, Stationary Lead Acid Battery, and Motive Lead Acid Battery)

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lead acid battery market global industry insight

Lead Acid Battery Market - Global Industry

Insight, Trends, Outlook, and Opportunity

Analysis 2017-2025

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report description

REPORT DESCRIPTION

Lead Acid Battery Overview

Lead acid battery is considered to be the oldest type of rechargeable battery with its use spanning across

industries. It has the advantage of supplying high surge current, as the cells have large power to weight ratio. High

power to weight ratio and low cost makes lead acid batteries attractive for its use in the automotive sector. Lead

acid batteries comprises of container, plates, cell, separators, and battery terminals.

The increasing demand from various industries, such as automotive sector, telecom sector, uninterrupted power

supply in oil and gas mining, manufacturing, and chemical is expected to the boost the growth of the lead acid

batteries market globally. Moreover, the low cost of the batteries coupled with new developments and innovation

in lead acid battery products is further expected to augment the market growth. However, environmental restrains,

due to lead content and threat from substitute namely lithium-ion battery are the major restraints for the growth of

global lead acid battery market.

Asia Pacific accounted for the largest market share in the global lead acid battery market, in terms of revenue in

2016 and this trend is expected to continue over the forecast period. The growing industrialization and

globalization in this region is the major driver in the growth of market.

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report description 1

REPORT DESCRIPTION

According to China Association of automobile manufacturers (CAAM), China witnessed a year on year of

6.2% from 2016 to 2017 in automobile sales. Moreover, the increased government expenditure in the retail

sector has resulted in the growth of the various industries, such as construction, power, banking, and telecom

industry, in turn fuelling the demand for lead acid batteries, owing to its efficient use as energy storage system.

According to Indian Brand Equity Foundation (IBEF), Ministry of Commerce and Industry, Government of

India, the retail market in India is expected to nearly double to US$ 1 trillion by 2020 from US$ 600 billion in

2015, due to income growth, urbanization, and attitudinal shifts.

North America accounted for the second largest market globally. The developed industrial sector in this region

stands to be the major factor contributing to the market growth. The presence of leading automobile

companies, which include Toyota, Ford motor company, General Motors, and Fiat Chrysler Automobiles has

augmented the demand for lead acid batteries. According to the International Trade Association, exports of

automotive parts from the U.S has shown a steady growth from US$ 5 billion in 2012 to US$ 7.2 billion by

2015. Moreover, the developed telecom sector coupled with the increasing oil and gas related activities post

the shale gas boom has propelled the need for power storage device hence, surging the demand for lead acid

batteries in the region.

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report description 2

REPORT DESCRIPTION

Based on the product, SLI lead acid battery is the largest segment in 2016 and is expected to show the same trend

during the forecast period. SLI lead acid battery holds a revenue of US$ 26.80 billion and is expected to grow at a

CAGR of 3.39% from 2017 - 2025. The increasing use of SLI lead acid battery in electric vehicles, owing to its

excellent cold cracking abilities in engine starting coupled with durability are the major factors contributing to

market growth.

Major Players in the Global Lead Acid Battery Market

The major players operating in the global lead acid battery market include Johnson Controls, ATLASBX Co. Ltd,

Exide Technologies, East Penn Manufacturing Co, Crown Battery Manufacturing Company, C&D Technologies,

INC, GS Yuasa Company, and Leoch International Technology Ltd.

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