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Lead Acid Battery Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Lead Acid Battery Market: By Type (VRLA Battery and Flooded Battery); Application (Automotive Starter, Motorcycles & Electric Bikes, Forklifts & other Vehicles, Communication Industry, UPS and Others); and Region—Industry Dynamics, Market Size and Opportunity Forecast Until 2031

  • Published Date: 24-Mar-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0622260  | Delivery: 2 to 4 Hours

REPORT SCOPE

Report AttributeDetails
Market Size Value in 2022US$ 46.96 Billion
Expected Revenue in 2031US$ 82.02 Billion
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Bn)
CAGR6.53%
Segments coveredBy Type, By Application, By Region
Key Companies                                                                                               Clarios, Exide Technologies, CSB Energy Technology, Yuasa, EnerSys, East Penn Manufacturing, Fiamm, Sebang, Hankook AtlasBX, Amara Raja, C&D Technologies, Midac Batteries, ACDelco, Banner Batteries, First National Battery, Chilwee, Tianneng Holding Group, Shuangdeng Group (Shoto), Camel Group, Fengfan, Leoch, Narada Power, Sacred Sun Power Sources, Coslight Technology, Other Prominent Players
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FREQUENTLY ASKED QUESTIONS

The Global lead acid battery market is projected to grow at a CAGR of 6.53% during the forecast period 2023-2031.

Lead acid is deployed in a wide array of industries including automotive, industrial, manufacturing and utilities among others as they are used in back-up power supplies for alarm and smaller computer systems. 

Lead-acid batteries are less expensive than other options, such as Li-ion batteries, and they are also more environmentally friendly.

The size of the global lead acid battery market in 2021 was US$ 46.96 Billion in 2022. 

The global lead acid battery market is driven by the cost-competitive energy storage solution.

Type, application and region are the different segments of the global lead acid battery market.

Based on application, the global lead-acid battery market is segmented into automotive starter, motorcycles & electric bikes, forklifts & other vehicles, communication industry, UPS and others.

Low-cost alternatives in energy storage space are a restraining factor which inhibits the growth of the market during the forecast period.

UK is expected to project the highest CAGR in the Europe lead-acid battery market during the forecast period.

The flooded battery segment is estimated to have the highest market share in 2022. 

Asia Pacific holds a major share in terms of revenue in the global lead acid battery market in 2022.

Clarios, Exide Technologies, CSB Energy Technology, Yuasa, EnerSys, East Penn Manufacturing, Fiamm, Sebang, Hankook AtlasBX, Amara Raja, C&D Technologies, Banner batteries, Tianneng Holding Group, Sacred Sun Power Sources and Coslight Technology among others.

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