Global Lead–acid Battery Market is poised to $59.7 billion by 2026




A lead cell is composed of three basic components: anode, cathode, and electrolyte. The anode is the negative terminal, the cathode is the positive terminal, and the electrolyte connects both terminals to drive an electrochemical reaction that generates electricity. A sponge metallic lead anode, lead-dioxide cathode, and sulphuric acid solution electrolyte battery is referred to as a lead-acid battery It is the first battery to be used for commercial purposes. It contains toxic lead but is recyclable.

The global lead-acid battery market is expanding rapidly and is expected to grow at a CAGR of 5.2 per cent during the forecast period. Growing SLI applications in the automotive industry, growth in renewable energy production, and high demand for energy storage devices are some of the factors driving up demand for lead-acid batteries. As the telecom industry expands in countries such as the United States, Brazil, India, and the United Kingdom, there is a greater need for UPS systems as a backup power source, which leads to greater adoption of lead-acid batteries as a cost-competitive energy source. However, the increasing adoption and popularity of lithium-ion batteries stifle market growth to a large extent.

The global lead-acid battery market was worth $39.7 billion in 2018 and is expected to be worth $59.7 billion by 2026, growing at a 5.24 per cent CAGR from 2019 to 2026.

Lithium-ion batteries are the primary replacements for lead-acid batteries due to their superior performance. As a result, these factors are expected to impede global lead-acid battery market growth over the forecast period. Google and Samsung, for example, are planning to expand their data centres in order to simplify data complexities.

As a result, the demand for UPS systems in data centres around the world is increasing, potentially creating healthy growth opportunities for the global lead-acid market during the forecast period. The key global lead-acid battery market trend observed in recent years has been the expansion of data centres and the resulting demand for heavy weight lead-acid batteries.

The global lead-acid battery market is divided into product, construction method, application, and region segments. It is classified as SLI, stationary, and motive based on the product. It is divided into two types: flooded lead-acid batteries and valve-regulated sealed lead-acid batteries (VRLA). The global lead-acid battery market is segmented into automotive, UPS, telecom, and other applications.

The automotive industry is further subdivided into passenger vehicles, electric bikes, and transportation vehicles. It is being researched in North America, Europe, Asia-Pacific, and Latin America

Asia-Pacific was the largest regional market among all regions in 2018 and is expected to be the largest during the forecast period. The lead-acid battery market is primarily driven by high demand for cost-effective energy storage devices, active participation of Asian countries in mandatory renewable energy targets, population growth, and increased demand for UPS systems. Furthermore, thriving automotive production around the world contributes to the market's expansion. EnerSys, Exide Industries, Crown Battery, East Penn, HOPPECKE, NorthStar, Hitachi Chemical, Teledyne Technologies, Hankook AltasBX, and C&D Technologies are the major players studied and profiled in this market.

In 2018, the SLI segment accounted for the largest global lead-acid battery market share by product. The primary benefit of SLI batteries is their long cycle life and reduced vehicle weight. As a result, the growth of SLI batteries as a cost-effective energy source is being driven by the increase in vehicle sales.

According to a 2017 article published by Elsevier B.V., the demand for SLI batteries is expected to rise for many small and inexpensive ICE vehicles, particularly in developing countries such as India, Indonesia, and China. This is due to a lack of strict regulatory concerns governing the use of vehicle batteries, as well as issues with CO2 emission penalties.

The flooded battery segment has emerged as the global leader in terms of construction method, surpassing all other construction methods. Flooded lead-acid batteries are also in high demand in diesel-electric submarines for powering electric motors and nuclear submarines for emergency power backup.

Asia-Pacific is the largest regional market in this, accounting for roughly 40% of total share in 2018. China, India, Japan, South Korea, and Australia are major contributors to the Asia-Pacific region. High automotive production and sales, rapid industrialization, population growth, and a surge in demand for UPS systems are some of the factors driving this region's growth.

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