Global Lead Acid Battery Market to Reach $65.98 Billion by 2030 at a CAGR of 4.2%

News provided by

Sep 30, 2022, 11:30 ET

DUBLIN, Sept. 30, 2022 /PRNewswire/ -- The "Lead Acid Battery Market By Type, By Technology, By Construction Method, By End-Use and By Region Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The lead acid battery market size is expected to reach USD 65.98 Billion in 2030 and register a revenue CAGR of 4.2% over the forecast period, according to the latest report. The market is expected to grow owing to the rising demand for lead acid batteries from various end-use industries, such as automotive and industrial. Moreover, the market is anticipated to benefit from the growing demand for lead acid batteries from emerging economies, such as China and India.

The automotive industry is one of the major consumers of lead acid batteries, and the market is expected to grow owing to the increasing sales of automobiles in emerging economies. Moreover, the market is anticipated to benefit from the growing demand for lead acid batteries from the industrial sector. The market is expected to grow owing to the rising demand for lead acid batteries from various end-use industries, such as automotive and industrial.

The Asia Pacific region is expected to be the largest market for lead acid batteries, with a revenue CAGR of 4.5% over the forecast period. The market is expected to grow owing to the increasing sales of automobiles in China and India. The market in the region is also anticipated to benefit from the growing demand for lead acid batteries from the industrial sector.

Steady market revenue growth of lead acid batteries is expected to continue as the global automotive industry expands. Increasing environmental concerns and government regulations are also likely to support demand for lead acid batteries over the forecast period.

The lead-acid batteries are a type of battery which uses lead and lead oxide plates submerged in an electrolyte solution of water and sulfuric acid to produce electrical energy. These batteries have been used for over 150 years and are one of the most popular types of batteries in the world due to their low cost, high power density, and good cycle life. Lead-acid batteries are used in a variety of applications, including automotive, UPS, golf carts, and forklifts.

Most of the world's lead-acid batteries are used in vehicles, however, their use is also gaining popularity in other applications such as backup power for telecom towers and solar energy systems. Large lead-acid batteries are also used to provide backup power for telephone exchange equipment. Lead-acid batteries are widely used in standby power supplies for communication systems and computer networks, as well as uninterruptible power supplies (UPS) for both industrial and domestic applications. Lead-acid batteries have been the preferred choice of battery for automotive starter applications due to their high discharge current capability, reliability, and low cost.

For the purpose of this report, the author has segmented lead acid battery market based on type, construction, technology, end-use, and region:Type Outlook (Revenue, USD Million; 2019-2030)

Stationary
Motive

End-use Outlook (Revenue, USD Million; 2019-2030)

Utility
Transportation
Industrial
Commercial & Residential

Technology Outlook (Revenue, USD Million; 2019-2030)

Basic
Advanced

Construction Outlook (Revenue, USD Million; 2019-2030)

Flooded
Vrla (valve regulated lead-acid) Battery

Regional Outlook (Revenue, USD Million; 2019-2030)

North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Sweden
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Israel
Rest of MEA

Key Topics Covered:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary

Chapter 3. Indicative Metrics

Chapter 4. Lead Acid Battery Market Segmentation & Impact Analysis

Chapter 5. Lead Acid Battery Market By Type Insights & Trends

Chapter 6. Lead Acid Battery Market By Technology, Insights & Trends

Chapter 7. Lead Acid Battery Market By Construction Method Insights & Trends

Chapter 8. Lead Acid Battery Market By End-User Insights & Trends

Chapter 9. Lead Acid Battery Market Regional Outlook

Chapter 10. Competitive Landscape

Chapter 11. Company Profiles

Companies Mentioned

EnerSys
Exide Industries Ltd.
GS Yuasa International Ltd.
Advanced Power Solutions VN
Chaowei Power Holdings Ltd.
Narada
HBL Power Systems Ltd.
Crown Battery
NorthStar
Hitachi Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/5tzdv4

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets