Powering Vehicles with Recyclable Solutions amidst Emerging Alternatives
Global demand for lead-acid batteries, including flooded batteries, remains highly influenced by their exceptionally high recycling rate of about 90%. However, the price of lead-acid batteries are relatively stagnant as compared to new-age electric vehicle batteries such as Ni-MH and Li-ion batteries which are steadily declining in price. This is according to Future Market Insights’ Lead Acid Battery Market Report that explores the true potential of the market and hidden challenges amidst advanced battery technologies making inroads into lightweight electric and hybrid vehicles. As per the report, the lead acid battery market is set to grow 1.6X by 2029, propelled in part by automobile companies showing huge inclination towards absorbed glass mat (AGM) batteries for lower internal resistance and greater electrical reliability.
Frequently Asked Questions About Lead Acid Battery Market
How will the lead acid battery market be critical in the future?
Lead acid battery continues to dominate the market as preferred storage devices of automotive starting and power supply systems. However, with increased warranty time of new high-tech vehicles, lead acid batteries are facing high competition from alterative storage technologies.
Will declining price of li-ion batteries affect the future trajectory of the lead acid battery market?
Yes, the price of lead acid battery have remained relatively stagnant as compared to new-age batteries such as li-ion batteries. However, sales will remain significantly influenced by the ‘high recyclability’ quotient.
Which application area holds potential growth opportunities for market players?
While the automotive & transportation sector continues to influence growth strategies, growing demand for stationary batteries as power backup systems in the industrial sector will result in increased market share.
What is the degree of competition in the lead-acid batteries market?
The lead acid batteries market shows a perfect competition structure, with a large number of regional and local market players. In the current scenario, industry leaders such as Johnson Controls International Plc., GS Yuasa Corporation, Hitachi Chemical Company Ltd. and EnerSys collectively hold around one-fourth of the total revenue share.
Which region will lead the global sales of lead acid batteries?
Asia Pacific Excluding Japan (APEJ) remains in the vanguard of the lead acid batteries market, with the emergence of China and India as the world’s largest automotive markets. While the recent decline in auto sales in these countries are expected to affect the market growth, manufacturers are focusing on capitalizing on grid storage and stationary industrial application areas.
AGM Batteries to Emerge as the Most Preferred Choice
Flooded batteries continue to account for major share of the manufacturers’ bottom lines, with sales value estimated to reach US$ 43.6 Bn in 2019. However, in recent times, AGM batteries are witnessing higher investments and innovation as compared to gel and flooded lead acid batteries. These batteries are finding favor with start-stop feature of various electric vehicles on account of their high cyclability and longer shelf-life. They are majorly used in mid-size vehicles and SUVs, as they are lightweight. Furthermore, many marine, robotic, and motor applications are leveraging AGM batteries due to their high cold cranking amperage (CCA). Although the cost of AGM batteries is comparatively higher, they offer longer life span than their flooded counterparts.
APEJ Remains at Forefront with 1/3rd Revenue Share
Growth prospects of the lead acid battery remain high in Asia Pacific excluding Japan (APEJ). Despite remarkable presence of lithium-ion batteries in EVs, manufactures in the regions continue to rely on automotive lead acid battery, in the view of relatively low cost and high recyclability rate. While lithium is costlier and can be extracted only from a few countries, raw materials of lead acid battery are abundant in developing countries in Asia, such as India. Moreover, escalating dependence on lead acid batteries to supply ignition spark to traditional automobiles, power electric bicycles, and store energy is driving the recycling process in China.
* This data is only a representation. Actual data may vary and will be available in report.
Leveraging Carbon-based Additives to Enhance Battery Conductivity
Although li-ion and advanced rechargeable batteries are making inroads into e-vehicles, amid implementation of strict environmental amendments in several countries, lead-acid batteries are still a great fit for larger off-grid systems. Additionally, easy recyclability and relatively longer-lasting charge storage of lead acid batteries unlike li-ion batteries are key tailwinds propelling their demands across automobile and industrial sectors. In order to enhance conductivity, restrict PbSO4 formation, and improve overall productivity of the battery, different carbon and metal oxide compounds including boron doped graphene and TiO2-reduced graphene oxide (RGO) are added to negative active-material (NAM). Furthermore, studies have been performed on poly (3, 4-ethylenedioxythiophene) (PEDOT) to counter hydrogen leakage, which increases charge acceptance and high-rate partial state-of-charge (HRPSoC) cycles.
Flooded batteries to remain sought-after
AGM batteries gaining significant traction
Transportation sector to persist as key consumer
Application in stationary industries to witness high growth
How Growth will Unfold
The lead acid battery market shows a fair level of fragmentation, with market followers and emerging players including Exide Industries Ltd. and East Penn Manufacturing Co. showing greater prominence as compared to their mature counterparts. Lead-acid battery makers are including more carbon content to the negative plates of batteries, enabling faster charging and improved cranking capacity.
Market followers are leveraging Na2EDTA chelating agents as electrolyte additive for improved conduction, decreased battery formation time, enhanced C-rate performance, and better cyclic efficacy of the lead-acid batteries by tackling the problem of sulfation and hindering the growth of PbSO4 crystals.
A number of emerging market players are focusing on adoption of patented hydrometallurgical methods such as FenixPb, which transforms used battery paste to nanomaterials, such as leady oxide (Pb + PbO), dismissing intermediate formation and electro winning.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Lead Acid Battery Market Assessment 2019 - 2029
A recent market study published by FMI on the lead acid battery market includes the global industry analysis 2014-2018 & opportunity assessment 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historic as well as current growth parameters of the lead acid battery market, the growth prospects of the market are obtained with maximum precision.
Lead Acid Battery Market Taxonomy
The global lead acid battery market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader
- Flooded Battery
- AGM Battery
- Gel Battery
- OEM Transportation
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Two wheelers
- Aftermarket Transportation
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Two Wheelers
- OEM Transportation
- Motive Industrial
- OEM Motive Industrial
- Aftermarket Motive Industrial
- Stationary Industrial
- OEM Stationary Industrial
- Aftermarket Stationary Industrial
- OEM Commercial
- Aftermarket Commercial
- OEM Residential
- Aftermarket Residential
- Grid Storage
- OEM Grid Storage
- Aftermarket Grid Storage
- OEM Others
- Aftermarket Others
- North America
- Latin America
- Eastern Europe
- Western Europe
- Middle East and Africa
The report initiates with the executive summary of the lead acid battery market, which includes a summary of the key findings and statistics of the market. It also includes the demand & supply-side trends pertaining to the lead acid battery market.
In this chapter, readers can find the definition and a detailed taxonomy of the lead acid battery market, which will help them understand the basic information about the lead acid battery market. Along with this, comprehensive information about the lead acid battery and its properties are provided in this section. This section also highlights the inclusions and exclusions, which help readers understand the scope of the lead acid battery market report.
The lead acid battery market report provides key market trends that are expected to significantly impact the market growth during the forecast period. Detailed industry trends are provided in this section.
This section includes the factors that have emerged as key successful factors and strategies adopted by key market participants.
This section explains the global market value analysis and forecast for the lead acid battery market between the forecast periods of 2019-2029. This chapter includes a detailed analysis of the historical lead acid battery market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029). Along with this, pricing analysis of the lead acid battery market at the regional level has been provided in this section. This section also explains the global market volume analysis and forecast for the lead acid battery market between the forecast periods of 2019-2029.
This chapter explains key macro-economic factors that are expected to influence the growth of the lead acid battery market over the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, supply chain, forecast factors, Porter’s five forces analysis, and value chain analysis for the lead acid battery market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.
Based on the product type, the lead acid battery market is segmented into flooded, AGM, and gel. In this chapter, readers can find information about the key trends and developments in the lead acid battery market and market attractiveness analysis based on the product type.
This chapter provides details about the lead acid battery market based on the application and has been classified into transportation, motive industrial, stationary industrial, commercial, residential, grid storage, and others. In this chapter, readers can understand the market attractiveness analysis based on the application.
This chapter explains how the lead acid battery market will grow across various geographic regions such as North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excl. Japan (APEJ), Japan, and Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America lead acid battery market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on the application and countries in North America.
This chapter provides the growth scenario of the lead acid battery market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, an assessment of the market across target segments has been provided.
Important growth prospects of the lead acid battery market based on its end users in several countries such as Germany, U.K., France, Spain, Italy, and the Rest of Western Europe are included in this chapter.
In this chapter Russia and Poland are the prominent countries in the Eastern Europe region that are the prime subjects of assessment to obtain the growth prospects of the Eastern Europe lead acid battery market. Readers can find detailed information about the growth parameters of the Eastern Europe lead acid battery market during the forecast period of 2019-2029.
This chapter highlights the growth of the lead acid battery market in APEJ by focusing on China, India, ASEAN, Australia, New Zealand, and the Rest of APEJ. This section also help readers understand the key factors that are responsible for the growth of the lead acid battery market in APEJ.
This chapter highlights the growth of the lead acid battery market in Japan and help readers understand the key factors that are responsible for the growth of the lead acid battery market in Japan.
This chapter provides information about how the lead acid battery market will grow in major countries in the MEA region such as GCC, South Africa, Turkey, and the Rest of MEA, during the forecast period of 2019-2029.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the lead acid battery market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the lead acid battery market, along with a detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Exide Industries Limited, EnerSys, Johnson Controls International Plc., Leoch International Technology Ltd, SiteTel Sweden AB (NorthStar), Narada Power Source Co. Ltd, Hitachi Chemical Company, Ltd., Furukawa Electric Co., Ltd., Crown Battery Corporation, GS Yuasa Corporation, and Coslight Technology International Group Co. Ltd., among others.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the lead acid battery market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the lead acid battery market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Raw Material Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
- Industry Publications
- Industry Associations
- International Trade Association
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
Lead Acid Battery Market Reports - Table of Contents
21. Research Methodology
22. Assumptions and Acronyms Used