Lead-acid battery market analysis based on development factors, applications and future prospects – LSMedia

2021-11-13 02:38:50 By : Ms. Cathy Chen

Independent Liverpool Student Newspaper

According to a new research report entitled "Lead-acid battery market in 2026" by Trend Market Research (TMR), the global lead-acid battery market is expected to grow at a compound annual growth rate of XX% during the forecast period of 2026. The report shows that by 2026, the global lead-acid battery market is expected to exceed 700,000 units. The growth of the global lead-acid battery market is mainly due to the widespread use of lead-acid batteries in passenger car applications, because the low cost of lead-acid batteries is combined with the reliability of performance. Due to the existence of large manufacturing and recycling bases, favorable government regulations, the development of the automotive and industrial sectors, and the focus on research and development activities.

Increased automobile production, increased demand for lead-acid batteries for UPS applications in the industrial sector, and low cost and reliability driving market growth

Globally, 85% of lead is mainly used in batteries for passenger cars, trucks, motorcycles, uninterruptible power supplies, and solar storage. The demand for passenger cars has increased significantly and is expected to increase further in the near future. This, in turn, has created a high demand for lead-acid batteries. The automobile and manufacturing industries are experiencing significant expansion. This drives the demand for stationary batteries for backup power and deep-cycle batteries for wheeled mobile devices such as golf carts, wheelchairs, and scissor lifts. However, due to the high lead content of lead-acid batteries, improper and illegal disposal can cause environmental pollution. In addition, due to the poor performance and low cycle life of lead-acid batteries restricting market growth, the automotive industry's demand for alternative lithium-ion batteries is increasing. Advances in the manufacturing process of lead-acid battery recycling provide an opportunity to reduce the adverse impact on the environment.

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Due to better cycle life, high specific power and low maintenance, the demand for absorbent glass mat sealed batteries in automotive and UPS applications has increased

According to the type of product, the lead-acid battery market is divided into submerged type and sealed type. The sealing part has been further subdivided into AGM and Gel. Flooded lead-acid batteries are commonly used batteries. They are widely used in the automotive industry. Compared with other lead-acid batteries, they have the lowest cost per ampere hour. Sealed lead-acid batteries are commonly referred to as valve-regulated lead-acid (VRLA) batteries. The number of plates and their thickness determine their end use/application. The adsorption glass matt process is used in AGM lead-acid batteries, where highly porous and fine microfiber glass separators are used.

Automotive, UPS and telecommunications applications together account for more than XX% of the full-cell battery market. Therefore, these are the main part of the product type. Due to the widespread use of unmanned transportation vehicles, electric forklifts and electric bicycles, it is expected that the submerged part will constitute a major share of the market in the near future.

Automotive and motorcycle applications dominate the global lead-acid battery market

According to the application, the lead-acid battery market has been divided into automobiles, motorcycles, power, renewable energy, UPS, and telecommunications. The automotive sector occupies a major share of the lead-acid battery market. The second is the motorcycle market segment. This trend may continue throughout the forecast period. Lead-acid batteries are mainly used in automobiles and motorcycles for starting, lighting and ignition purposes. Renewable applications are one of the latest development markets for stationary lead-acid batteries for off-grid renewable energy power generation. All major countries are paying attention to renewable energy power generation. This is expected to expand the scale of the lead-acid battery market.

The Asia-Pacific region is expected to dominate the market during the forecast period

Geographically, the global lead-acid battery market has been divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Due to the rapid growth of the construction industry in countries such as China, India, Japan, South Korea, and Malaysia, the Asia-Pacific region is expected to occupy a prominent market share. Due to the low cost and performance reliability of lead-acid batteries, this has promoted the use of lead-acid batteries in UPS applications. Increasing population has led to an increase in vehicle usage, and the government's favorable policies for recycling lead in the hands of public-private partners are expected to boost the demand for lead-acid batteries in the region. Due to the continuous development, research and investment in offshore renewable energy power generation activities and installations in Germany, the United Kingdom and Italy, Europe is an important region in the lead-acid battery market.

Semi-integrated market with four to major players and various small and medium-sized players

The main participants involved in the report include EnerSys, EXIDE INDUSTRIES LTD., JOHNSON CONTROLS INTERNATIONAL PLC, GS Yuasa Corporation, etc. Other participants include First National Battery, NorthStar, Amar Raja Batteries Ltd, HOPPECKE, Exide Technologies, HBL Power Systems Limited, C&D Technologies, Inc., East Penn Manufacturing Co., FIAMM Energy Technology SpA, Crown Battery Manufacturing Co., and Trojan Battery Company. Companies operating in the global lead-acid battery market respond to the main market of lead-acid batteries by integrating production facilities and manufacturing processes, focusing on market strategies to improve overseas management performance. For example, Exide Technologies occupies a major share of the US and European markets. The company's target is mid- and downstream automakers in the Asia-Pacific region. GS Yuasa Corporation is a major lead-acid battery manufacturer in Japan, and also focuses on overseas markets.

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Lead-acid battery market: by product type (revenue million US dollars; number of thousand units; 2026)

Lead-acid battery market: Classified by application (revenue million US dollars; number of thousands of units; 2026)

Lead-acid battery market: regional analysis (revenue in millions of dollars; sales in thousands of units; 2026)

o Rest of Asia Pacific

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o Rest of Latin America

• Middle East and Africa (MEA)

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