Advanced Lead Acid Battery Market (By Type: Stationary, Motive; By Construction Method: Flooded, VRLA, Others; By End User: Automotive and Transportation, Energy and Power, Industrial, Commercial, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 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:

• The Asia Pacific market had the largest share followed by the North American region.
• Asia Pacific market shall have a good growth in terms of value during the forecast period for the advanced lead acid battery market.
• On the basis of the type, the stationary segment of the advanced lead acid battery is expected to have the largest market share during the forecast.
• On the basis of the construction method, the valve regulated lead acid battery segment is expected to have the largest market growth during the forecast period.
• On the basis of the end user, the utility segment is the fastest growing market segment. The utility segment shall grow well during the forecast period.

Advanced Lead Acid Battery Market Report Scope

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:

• 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

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

• Stationary 
• Motive

By Construction Method

• Flooded
• VRLA
• Others

By End User

• Automotive and Transportation
• Energy and Power
• Industrial
• Commercial
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)