Global Lead Acid Battery Market was valued at USD 59.25 Bn in 2019 and is expected to reach USD 95.10 Bn by 2027, by a CAGR of 6.09% during the forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

Global Lead Acid Battery Market

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Global Lead Acid Battery Market Dynamics:

• Increasing demand for e-bikes and electric vehicles and UPS systems.
• Less maintenance and substitution costs, and reducing dependence on conventional fuel technologies.
• Increasing demand from the telecommunication, automotive, power, oil and gas and healthcare sector is anticipated as a fresh new opportunity in this market.
• Lead-acid batteries have a low cost and are easily rechargeable power devices. Hence, these play a major role in generation of backup power in developing economies such as India, China, Mexico, Indonesia, and South Korea.
• Increasing private investments are likely to offer growth opportunities for the lead-acid battery market.
• The growing disposable income and improving the lifestyle of peoples is consequently, leading to an increase in the use of electrical devices which contributes to the demand for lead-acid batteries.

• Stringent lead emission standards and regulations aimed at regulating lead and residue discharge that are likely to hamper the growth of the lead-acid battery market
• Shift towards lithium-ion batteries is restraining the lead-acid battery market.
• Risks of battery explosion due to overcharging.
Global Lead Acid Battery Market Regional Analysis:

Geographically, the global lead-acid battery market has been split into North America, Europe, Asia Pacific, and Middle East & Africa. APAC is expected to lead the market with CAGR of 4.6% during the forecast period. Owing to increased application rate in automotive, oil and gas, manufacturing, and healthcare sectors. Additionally, growing construction industry in emerging countries including China, India, Japan, South Korea, Malaysia, Indonesia, and Vietnam is anticipated to fuel the utilization of lead-acid batteries.

Europe is anticipated to exhibit second number market growth owing to increasing number of offshore and onshore renewable energy installations in Germany, Italy, Sweden, and the UK. Additionally, the growing population and rising disposable income in the region are likely to propel the demand for passenger cars, which in turn is expected to aid in industry expansion.
Global Lead Acid Battery Market Recent Highlights

• Gravita India company signed a contract with Amara Raja Batteries for lead-acid battery scrap collection and recycling arrangements.
• Recently Johnson Controls announced the release of the VARTA Start-Stop Service Program (VSSP 2.1) to carry out battery replacements in a user-friendly manner.
• Hyster-Yale Group and GNB Industrial Power have collaborated to provide quality lead-acid batteries for materials handling equipment.
• On 14 may 2019 GNB Industrial Power, a division of Exide Technologies announced that Hyster-Yale Group has certified the use of GNB LIFEFORCE LPX lithium-ion batteries in its Class one sit down counterbalance Hyster and Yale lift trucks.
• GS Yuasa Corporation is a Japan-based lead-acid battery manufacturer, which is also concentrating on the overseas markets through mergers and acquisitions.
• Recently Johnson controls made partnership with the China’s largest e-commerce company JD.Com Inc. to supply automotive batteries to both automotive retailers and customers in China.

The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global Lead Acid Battery Market dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence.

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Scope of the Global Lead Acid Battery Market Report: Inquire before buying

Global Lead Acid Battery Market, by Type

• Stationary
• Motive
• Starting, Lighting, and Ignition
Global Lead Acid Battery Market, by Construction Type

• Flooded
• Sealed
Global Lead Acid Battery Market, by Technology

• Basic Lead Acid Battery
• Advanced Lead Acid battery
Global Lead Acid Battery Market, by End User

• Automotive
• Motor Cycles
• Motive Power
• Renewable Power
• UPS & Telecom
• Industrial
• Commercial & Residential
• Others (Wheelchairs, etc.)
Global Lead Acid Battery Market, by region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Lead Acid Battery Market:

• EnergySys Limited
• Exide Industries Ltd.
• Johnson Controls International Plc.
• GS Yuasa Corporation
• Amar Raja Batteries Ltd
• HOPPECKE
• HBL Power Systems Limited
• C&D Technologies, Inc.
• East Penn Manufacturing Co.
• FIAMM Energy Technology
• Crown Battery Manufacturing Co.
• Trojan Battery Company.
• Fujian Quanzhou Dahua Battery Co. Ltd.
• B.B. Battery Co. Ltd.
• Berhad, Hitachi Chemical Energy Technology Co. Ltd.
• ATLASBX Co. Ltd.
• AC Delco Corporation
• First National Battery Corporation.

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