Advanced Lead Acid Battery Market Share Analysis Report, 2023-2032
The global advanced lead acid battery market size was exhibited at USD 25.91 billion in 2022 and is projected to hit around USD 57.98 billion by 2032, growing at a CAGR of 8.39% during the forecast period 2023 to 2032.
Key Pointers:
Advanced Lead Acid Battery Market Report Scope
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Report Coverage |
Details |
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Market Size in 2023 |
USD 28.08 Billion |
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Market Size by 2032 |
USD 57.98 Billion |
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Growth Rate From 2023 to 2032 |
CAGR of 8.39% |
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Base Year |
2022 |
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Forecast Period |
2023 to 2032 |
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Segments Covered |
Type, Construction Method, End User |
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Market Analysis (Terms Used) |
Value (US$ Million/Billion) or (Volume/Units) |
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Regional Scope |
North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
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Key Companies Profiled |
HOPPECKE Batterien, Hitachi Chemical Energy Technology, Crown Battery, East Penn Manufacturing, Exide, EnerSys, HOPPECKE Batterien, GS Yuasa, Leoch, Narada Power Source, Furukawa Battery, Ritar Power, Amara Raja, Trojan, Coslight |
Advanced lead acid batteries can be easily decomposed compared to other battery systems. The neutralization process helps in turning the acid into water. The acid is also processed and converted into other chemical components. Lead acid batteries are easily recycled into a new battery. About 98% of all the advanced lead acid batteries undergo recycling and reprocessing and hence all these factors are expected to drive the market during the forecast period. Doesn't increasing demand for battery storage across the data centers. Lead acid battery systems are used in UPS. These lead acid batteries cater to the backup power needs of various industries. It is extremely crucial for data centers in case of any power disruptions or inconsistencies. Increased installation of data centers is expected to drive the market for the advanced lead acid batteries in the future.
COVID-19 Impact on the global advanced lead acid battery market
Advanced lead acid battery is used in various end use industries, such as utility, transportation, industries, and commercial & residential. However, due to the pandemic, industries were affected globally. . Workforce shortage, logistical restrictions, material unavailability, and other restrictions have slowed the industry's growth during 2019–2020. Asia Pacific is a major hub for global advanced lead acid battery manufacturing, and China is among the world’s largest advanced lead acid battery manufacturer. It also is a major supplier of lead acid battery materials and parts. The COVID-19 pandemic has impacted the supply of advanced lead acid battery and raw materials from the country since January 2020. The global advanced lead acid battery production industry is expected to witness a further decline and significant disruptions in the supply chain if the COVID-19 impact remains.
Advanced Lead Acid Battery Market Dynamics
Driver: Easy recyclable compared to lithium-ion battery
The decomposition process of advanced lead acid batteries is less cumbersome compared to other alternative battery storage systems. The old battery acid, which is generally sulfuric acid, can be handled through two methods. First, the acid is neutralized with an industrial chemical compound equivalent to the household baking soda. This neutralization process turns the acid into water. The water is then cleaned, treated, and tested in a wastewater treatment plant to ensure its compliance with the clean water standards. Second, the acid is processed and converted into another chemical component called sodium sulfate. This is an odorless white powder used as a laundry detergent in the laundry business in glass and textile manufacturing industries. Lead acid batteries are closed-loop recycled, which means that each part of the old battery is processed and recycled into a new battery. It is estimated that about 98% of all advanced lead acid batteries undergo recycling and processing.
Restraints: Safety related to battery usage
Advanced acid batteries, if not handled carefully and correctly, have the potential to cause serious injuries. They can deliver an electric charge at a high rate. The toxic and foul gases released when batteries are charging, including hydrogen (very flammable and easily ignited) and oxygen (supporting combustion), can result in a serious explosion. The sulfuric acid used in a lead acid battery is used as electrolytes. It is very corrosive and can cause severe injuries if it comes in contact with the skin of the people operating the battery. A spilled electrolyte has tremendous potential to cause significant damage to property and the environment
Opportunity: Expanding data cente infrastructure
There is massive demand for battery storage in data centers. Any power disruptions and inconsistencies in data centers can be crucial. Thus, lead acid batteries mostly cater to the backup power needs of this particular industry. UPS used in this industry are mostly lead acid battery systems.
In the near future, the installation of data centers is expected to increase. According to the United Nations, the amount of data created in the world is increasing exponentially. In 2020, 64.2 zettabytes of data were created, that is a 314% increase from 2015. With the growing amount of data, the data handling capacity is also expected to increase in the years to come. As data centers use lead acid batteries, their demand is expected to increase.
Challenge: Limited usage capacity of lead acid battery
Lead acid batteries are expected to have a low useable capacity. Typically, 30–50% of the rated capacity of a lead acid battery is used. This indicates that a 600 Ah battery bank in daily practice provides only, at the maximum, 300 Ah of actual capacity. If one even occasionally drains the batteries more than this, their life would drastically reduce.
These batteries have a limited life cycle. Even if one goes easy on these batteries and is particularly careful to never over drain these cells, the very best deep-cycle lead acid batteries are typically great for 500– 1,000 cycles. If one frequently taps into the battery bank, it will mean that the batteries, in this case, may need replacement in less than 2 years of use.
Asia Pacific is the largest advanced lead acid battery market in terms of value
Asia Pacific accounted for the largest share followed by North America, in terms of value, in 2022. Huge population in this region leads to an increased energy demand. The governments of various countries in this region focus on minimizing the adverse effects of the energy sector on the environment. Thus, it is advisable to store energy in battery systems for fulfilling the energy demand instead of generating energy from burning fossil fuels. These factors lead to the growth in the deployment of battery energy storage systems in residential and public utility applications in Asia Pacific and thus drives the market for advanced lead acid batteries.
Some of the prominent players in the Advanced Lead Acid Battery Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Advanced Lead Acid Battery market.
By Type
By Construction Method
By End User
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Advanced Lead Acid Battery Market
5.1. COVID-19 Landscape: Advanced Lead Acid Battery Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Advanced Lead Acid Battery Market, By Type
8.1. Advanced Lead Acid Battery Market, by Type, 2023-2032
8.1.1 Stationary
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Motive
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Advanced Lead Acid Battery Market, By Construction Method
9.1. Advanced Lead Acid Battery Market, by Construction Method, 2023-2032
9.1.1. Flooded
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. VRLA
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Advanced Lead Acid Battery Market, By End User
10.1. Advanced Lead Acid Battery Market, by End User, 2023-2032
10.1.1. Automotive and Transportation
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Energy and Power
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Industrial
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Commercial
10.1.4.1. Market Revenue and Forecast (2020-2032)
10.1.5. Others
10.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Advanced Lead Acid Battery Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Type (2020-2032)
11.1.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.1.3. Market Revenue and Forecast, by End User (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Type (2020-2032)
11.1.4.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.1.4.3. Market Revenue and Forecast, by End User (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Type (2020-2032)
11.1.5.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.1.5.3. Market Revenue and Forecast, by End User (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Type (2020-2032)
11.2.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.2.3. Market Revenue and Forecast, by End User (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Type (2020-2032)
11.2.4.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.2.4.3. Market Revenue and Forecast, by End User (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Type (2020-2032)
11.2.5.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.2.5.3. Market Revenue and Forecast, by End User (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Type (2020-2032)
11.2.6.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.2.6.3. Market Revenue and Forecast, by End User (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Type (2020-2032)
11.2.7.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.2.7.3. Market Revenue and Forecast, by End User (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Type (2020-2032)
11.3.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.3.3. Market Revenue and Forecast, by End User (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Type (2020-2032)
11.3.4.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.3.4.3. Market Revenue and Forecast, by End User (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Type (2020-2032)
11.3.5.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.3.5.3. Market Revenue and Forecast, by End User (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Type (2020-2032)
11.3.6.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.3.6.3. Market Revenue and Forecast, by End User (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Type (2020-2032)
11.3.7.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.3.7.3. Market Revenue and Forecast, by End User (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Type (2020-2032)
11.4.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.4.3. Market Revenue and Forecast, by End User (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Type (2020-2032)
11.4.4.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.4.4.3. Market Revenue and Forecast, by End User (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Type (2020-2032)
11.4.5.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.4.5.3. Market Revenue and Forecast, by End User (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Type (2020-2032)
11.4.6.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.4.6.3. Market Revenue and Forecast, by End User (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Type (2020-2032)
11.4.7.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.4.7.3. Market Revenue and Forecast, by End User (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Type (2020-2032)
11.5.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.5.3. Market Revenue and Forecast, by End User (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Type (2020-2032)
11.5.4.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.5.4.3. Market Revenue and Forecast, by End User (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Type (2020-2032)
11.5.5.2. Market Revenue and Forecast, by Construction Method (2020-2032)
11.5.5.3. Market Revenue and Forecast, by End User (2020-2032)
Chapter 12. Company Profiles
12.1. HOPPECKE Batterien
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Hitachi Chemical Energy Technology
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Crown Battery
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. East Penn Manufacturing
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Exide
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. EnerSys
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. HOPPECKE Batterien
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. GS Yuasa
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Leoch
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Narada Power Source
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers