The global lead acid battery market size reached US$ 31.75 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 41.06 Billion by 2027, exhibiting a growth rate (CAGR) of 4.15% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A lead acid battery refers to a cost-effective rechargeable energy storage device, which includes an anode as the positive and a cathode as the negative terminal. They are further connected by the electrolyte to produce electricity through electrochemical reactions. The battery contains toxic lead metal, which can be recycled and prepared for reuse in other products. Apart from this, it involves oxide and grid production, pasting, curing, assembling, formation, filling, charge-discharge proceedings, inspection, and product dispatching as standard processes. The lead acid battery is tolerant to overcharging and relatively affordable and offers a larger current capacity and better performance in low or high temperatures. As a result, it is extensively used in grid storage and other commercial applications. Currently, the lead acid battery is commercially available in varying sizes and types, including flooded and sealed.

Lead Acid Battery Market Trends:
The considerable expansion in the automotive industry and the increasing need for fuel-efficient, electrically chargeable vehicles are primarily driving the market growth. Additionally, the rising environmental concerns and the implementation of green initiatives by governments to promote the uptake of eco-friendly components, such as lead acid batteries, to reduce carbon emissions are acting as another growth-inducing factor. As compared to lithium-ion and nickel-based battery systems, lead acid battery is more economical, recyclable, and reliable. Moreover, the widespread adoption of uninterruptible power supply (UPS) devices across various industrial verticals have further supplemented the demand for lead acid batteries as they have relatively lower-tech battery management requirements. In line with this, the extensive employment of innovative battery manufacturing machines to optimize production processes at minimal costs is further contributing to the market growth. Besides this, strategic collaborations amongst key players to engineer multiple product variants with enhanced efficacy are positively stimulating the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global lead acid battery market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, construction method, sales channel and application.

Breakup by Product:

SLI
Stationary
Motive

Breakup by Construction Method:

Flooded
Valve Regulated Sealed Lead–acid Battery (VRLA)

Breakup by Sales Channel:

OEM
Aftermarket

Breakup by Application:

Automotive
UPS
Telecom
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being C&D Technologies Inc., Clarios International Inc., East Penn Manufacturing Co., EnerSys, Exide Industries Limited, GS Yuasa Corporation, HBL Power Systems Limited, HOPPECKE Batterien GmbH & Co. KG, Leoch International Technology Limited, Panasonic Holdings Corporation and Teledyne Technologies Incorporated.

Key questions answered in this report:
How has the global lead acid battery market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global lead acid battery market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the construction method?
What is the breakup of the market based on the sales channel?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global lead acid battery market and who are the key players?
What is the degree of competition in the industry?