Lead Acid Battery Market

Lead Acid Battery Market: Asia Pacific, Latin America, Japan, Middle East & Africa Industry Analysis and Opportunity Assessment 2014 - 2020

  • 2015-04-29
  • REP-GB-430
Lead Acid Battery Market

An Incisive, In-depth Analysis on the Lead Acid Battery Market

This study offers a comprehensive, 360 degree analysis on the Lead Acid Battery market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Lead Acid Battery market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Target Regions (Asia Pacific, Japan, Middle East & Africa and Latin America) Lead Acid Battery Market Overview

Target Regions lead acid battery market is projected to reach US$ 31,708.4 Million by 2020 at an estimated CAGR of 4.6% during the forecast period. Lead acid battery is one among the oldest known commercial battery known to the industry. It utilises lead electrodes and sulphuric acid as electrolyte to store electrical energy. Unique selling propositions of lead acid battery include reliability, relatively low maintenance cost than other batteries, low charging time and durability. Automotive industry is one among the largest end user of lead acid battery across the globe. Some of the technical limitations such as low energy density and weight of the battery offer little resistance towards growth of this market.

Application Overview

On the basis of applications the market is segmented as transportation, stationary industrial, motive industrial, commercial, residential and grid storage. Transportation and stationary industrial segments collectively contributed to about around 82.4% of market revenues in 2014. Stationary industrial application segment is identified as one of the fastest growing market during the forecast period with CAGR of 8.5%. Though, grid storage as of 2013 accounts for miniscule share in the market, it is projected to grow at a healthy CAGR of 7.2% during the forecast period.

Regional Overview

In of 2014, Asia Pacific dominated the market and accounted for around 63.2% of the target regions market, followed by Latin America and Japan. In 2014, Asia Pacific lead acid battery market was valued at US$ 15,297 Million, which is projected to reach US$ 19,880.9 Million by 2020. In 2014, Latin America and Japan were the other major contributors to the target regions market; the contribution from these regions was 14.4% and 14.1% respectively. Though, Middle East & Africa accounted for miniscule share in the target regions market, it is expected to register a CAGR of 4.9% during the forecast period.

Drivers and Trends

Lead acid batteries are one of the predominantly used batteries in automobiles such as passenger cars, commercial cars and motorcycles. The rapid urbanization and industrialization trend in various developing countries across the globe is one among the chief drivers of lead acid battery market. Increasing requirement of uninterrupted power supply in industries, corporate offices, hospitals, research institutions, educational institutes and houses further add to demand of these batteries. Implementation of smart grid projects, deployment of vehicle charging infrastructure, increasing usage of hybrid and electric vehicles, increasing installation of renewable energy systems and increasing span of telecom towers are some of the underlying demand drivers for lead acid battery across the globe.


Lead is an essential raw material used in the manufacturing of lead acid batteries. The lead prices account for approximately 49% of the overall cost of the lead acid batteries produced. Any fluctuations in the lead prices affect the overall profitability of lead acid battery manufacturers.

The report profiles the key strategies and financial outlook of Johnson Controls INC, Exide Technologies, GS Yuasa Corporation, Yokohama Industries and Enersys. The market is highly fragmented with the existence of small players along with the big players. In coming years, due to high production of automotive and need of reliable power APAC is expected to continue its dominance in the target regions lead acid battery market.

This Future Market Insights Report examines the ‘Lead Acid Battery’ market for the period 2014-2020. The primary objective of the report is to offer updates and market opportunities in the Asia Pacific, Middle East & Africa, Latin America and Japan lead acid battery market.

Lead acid batteries are power storage devices, widely used in automotive, UPS, telecommunication and for various other purposes in various industries. A lead acid battery comprises four main elements: a positive plate, which is covered with a paste of lead dioxide; a negative plate made of sponge lead; a separator made of insulating material between the two plates, but allows the electrolyte and the ions into it to enable conduction without the two plates touching; and an electrolyte consisting of water and sulphuric acid.

The report starts with an overview of lead acid battery. Lead acid batteries have had been used by various industries for decades now.  To understand and assess the opportunities in this market the report is categorically split under two sections namely: market analysis by applications and regions.

FMI covers the lead acid battery market performance in terms of volume (units) and revenue (US$ Million) split in Asia Pacific, Middle East and Africa, Latin America and Japan lead acid battery market.  This section also includes FMI’s analyses of key trends, drivers and restraints from supply and demand perspective. Impact analysis of key growth drivers and restraints based on the weighted average model included in the report better equips and arms client with crystal clear decision making insights.

The next section of the report analyses the market based on application and presents the forecast in terms of volume and value for the next five years,

Application types covered in the report include:

  • Transportation

  • Motive Industrial

  • Stationary Industrial

  • Residential

  • Commercial

  • Grid Storage

The next section of the report analyses the market based on regions & their respective countries and presents the forecast in terms of volume and value for the next five years,

Regions covered in the report include:

  • Asia Pacific

    • India

    • China

    • ASEAN

    • Oceania

    • Rest of Asia Pacific

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Japan

  • Middle East & Africa

    • GCC

    • Turkey

    • South Africa

    • Rest of Middle East & Africa

All the above sections, by region and by application evaluate the present scenario and growth prospects of lead acid battery market for the period 2014-2020. The report has considered 2013 as base year with market values estimated for year 2014 and forecast developed from 2014 onwards.

To calculate the market size, the report considers average price of lead acid battery across geographies. Furthermore, data points such as regional split and market split by application, qualitative inputs from primary respondents have been incorporated to arrive at apt market estimates. The forecast presented here assesses the total revenue as well as volume of lead acid battery. When developing the forecast of the market, the starting point is sizing the current market, which forms the basis for the forecast of how the market is anticipated to take shape in the near future. Given the characteristics of market, we triangulated the outcome based on different analysis based on supply side, demand side and dynamics of parent market. However, quantifying the market across aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the lead acid battery market.

As previously highlighted, the market for lead acid battery is split into various sub categories based on regions and applications. All these sub segments or categories have been analysed in terms of basis point share (BPS) to understand individual segments relative contribution to growth.

Furthermore, to understand key growth segments in terms of growth & adoption of lead acid battery, Future Market Insights developed market attractiveness index. The resulting index should help providers identify real market opportunities.

In the final section of the report, lead acid battery landscape is included to provide report audiences with a dashboard view, based on categories of providers across the value chain, presence in lead acid battery product portfolio and key differentiators,

Few of the market players featured in the section include:

  • EnerSys Inc.

  • GS Yuasa Corporation

  • Exide Technologies

  • Johnson Controls Inc.

  • Yokohama Industries

Lead Acid Battery Market Reports - Table of Contents

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Harish Tiwari

Harish Tiwari

Global Head - Business Development

Pranay Mhaisekar

Pranay Mhaisekar

Business Development

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