Lead Acid Battery Market
Lead Acid Battery Market Analysis by Flooded, Gel, and AGM for Transportation, Motive Industrial, Stationary Industrial, Commercial, Residential, and Grid Storage from 2023 to 2033
Analysis of Lead Acid Battery Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Lead Acid Battery Market Growth Outlook for 2023 to 2033
As of 2023, worldwide shipments of lead acid batteries account for a market valuation of US$ 57.1 billion and are estimated to reach US$ 96.5 billion by the end of 2033.
This latest Fact.MR research report predicts the global lead acid battery market is to exhibit expansion at 5.3% CAGR over the next ten years.
Batteries have been playing a crucial role in promoting digitization and the electrification of infrastructure around the world is also projected to bolster the demand for different types of batteries over the coming years. Lead acid battery is the first kind of rechargeable battery ever created and has been around for over 100 years.
Automotive lead acid batteries are highly popular and are still used in the automotive industry on a large scale. However, the surging popularity of li-ion batteries in automotive applications is expected to hamper sales of lead acid batteries across the forecast period.
Surging use of consumer electronics and the growing need for an uninterrupted power supply are also estimated to favour growth potential in the long run. Valve-regulated lead acid (VRLA) batteries and sealed lead acid batteries are forecasted to witness high demand in the future.
Increasing demand for grid storage facilities and data centers around the world is also anticipated to favour sales of lead acid batteries over the next ten years. The growing use of batteries in the telecom industry, supportive government initiatives to promote R&D in battery technology, the establishment of new renewable energy plants, and increasing investments in creating a sustainable energy infrastructure are other factors that could alter lead acid battery sales through 2033.
On the flip side, the limited use capacity of lead acid batteries is expected to be a major restraint for market development throughout the forecast period. The growing availability of novel alternative battery technologies and the development of new advanced batteries are projected to hamper shipments of lead acid batteries in the long run.
- Offgrid Energy Labs, a start-up incubated by IIT Kanpur, has invented a new type of battery chemistry called ZincGel. These batteries are made from Zinc and other materials that are easily available in India and are non-toxic in nature.
| Report Attributes | Details |
|---|---|
| Lead Acid Battery Market Size in 2023 | US$ 57.1 Billion |
| Projected Market Value (2033F) | US$ 96.5 Billion |
| Global Market Growth Rate (2023 to 2033) | 5.3% CAGR |
| Market Share of Asia Pacific (2022) | >50% |
| Key Companies Profiled | Furukawa Electric Co. Ltd.; Hoppecke Batterien GmbH & Co. KG; Exide Industries Ltd.; Yokohama Batteries Sdn. Bhd; Camel Group Co. Ltd.; Enersys; SiteTel Sweden AB (NorthStar); Narada Power Source Co. Ltd.; East Penn Manufacturing Co.; GS Yuasa Corporation; Coslight Technology International Group Co. Ltd.; Leoch International Technology Ltd.; Hitachi Chemical Company Ltd.; C&D Technologies Inc.; Zhangzhou Hauwei Power Supply Technology Co. Ltd. |
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How Can New Companies Achieve Recognition in the Industry?
“Development of Novel Battery Technology - Focal Point for Start-ups”
Lead acid batteries have been around for a while now and are long overdue for an upgrade, which has created a highly opportune start-up scenario for incoming lead acid battery manufacturers. Here’s an example of how impactful one start-up with the right research and development approach can revolutionize the battery industry.
- Gridtential Energy, a Silicon Valley-based start-up, has been leading the charge when it comes to innovation in lead acid batteries. The company has been raising new capital and collaborating with different organizations to develop advanced lead acid batteries for different use cases.
- In May 2021, Gridtential announced that it had raised US$ 12 million to develop the world’s first 24V single-block, deep-cycle lead acid battery. The gravimetric energy density of this battery was 40 Wh per kg and its cycling temperature range was between - 30 and 50 degree Celsius.
- In June 2020, Gridtential collaborated with Amara Raja Batteries, a leading battery manufacturer in India, to assemble and test Silicon Joule bipolar reference batteries. These batteries were expected to be 40% lighter in weight and have a better life cycle as compared to conventional lead acid batteries.
Expanding demand for lead acid battery recycling and electric vehicle battery packs are also expected to be areas of interest for upcoming lead acid battery companies over the next ten years. This latest lead acid battery market research report by Fact.MR, a market research and competitive intelligence provider, extensively discusses more start-ups and how they influence factors such as local supply, pricing trends, and safety regulations on a global and regional level.
Country-wise Insights
Why Should Lead Acid Battery Manufacturers Target Japan?
“Launch of New Battery Energy Storage Projects to Attract Investments”
Japan is a leading market for renewable energy owing to the launch of new renewable energy plants and projects for battery grid storage. The increasing renewable energy installed capacity of the country points toward a bright demand outlook for novel battery technologies going forward.
- Kansai Electric Power and financial services company Orix recently revealed their plans to build a 48MW energy storage plant in the Wakayama prefecture of Western Japan. This plant will utilize storage batteries to connect to power grids and is expected to witness the start of operation in April 2024.
Increasing demand for batteries in the automotive industry, the growing popularity of electric vehicles, and increasing investments in the development of advanced battery chemistries are other prospects that could augment demand for lead acid batteries and other types of batteries in Japan throughout the forecast period. Supportive government initiatives and subsidies to bolster the battery supply chain in Japan are also expected to boost lead acid battery sales going forward.
- In February 2023, the government of Japan announced that it would be providing subsidies to businesses to promote the establishment of lithium-ion battery production facilities. It was estimated that the government would allocate around US$ 2.6 billion for this purpose and start the distribution of these subsidies in late April 2023.
How Does This Report Define Lead Acid Battery Demand in Europe?
“Growing Demand for Grid Storage in Renewable Energy Infrastructure”
European countries have been leading the world in terms of renewable energy adoption and this is what makes Europe an opportune space for lead acid battery providers. European countries such as Germany, France, Sweden, and the United Kingdom are focusing on reducing their carbon footprint by adopting renewable energy sources, which is projected to bolster sales of lead acid batteries and other types of batteries in the future.
Lead acid batteries are being extensively used in grid storage applications, which is expected to be the major application in this region. Moreover, the increasing establishment of data centers in the European region is also anticipated to uplift lead acid battery shipments across the forecast period and beyond.
- In March 2023, InMotion Hosting, a leading name in the premium web hosting industry, announced the opening of its first data center in the European region. The new data center is located in Amsterdam, Netherlands, and is three-story high.
What Makes the United States a Prominent Market for Lead Acid Batteries?
“High Demand for Uninterrupted Power Supply”
Lead acid batteries are extensively used in UPS systems as they have a good storage capacity and are capable of operating on partial charge as well. Growing demand for uninterrupted power supply from various industry verticals such as chemical, oil and gas, healthcare, etc. is estimated to promulgate sales of lead acid batteries in the United States over the next ten years.
The presence of key automotive manufacturers in the country is also expected to provide appealing business opportunities for lead acid battery vendors in the future. Increasing investments in the development of electric vehicle charging infrastructure could also favor market development in the country going forward.
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Category-wise Insights
What Type of Batteries Account for Higher Sales?
“Flooded Lead Acid Batteries Account for Commanding Market Share”
Based on product type, the lead acid battery market is segmented into flooded, gel, and AGM (absorbent glass mat).
Flooded lead acid batteries are most common and used extensively in the Asia Pacific and Europe region. Flooded batteries have high backup power capacity and can also be used when charged partially, which are prime factors contributing to the high share of flooded batteries.
The availability of flooded batteries in various shapes and sizes makes them an ideal choice for a multitude of applications across several industry verticals. The surging use of flooded batteries in commercial and residential applications is anticipated to influentially augment demand growth over the next ten years.
Competitive Landscape
Leading lead acid battery companies are investing heavily in the research and development of novel battery technologies and acquiring new patents to gain a competitive edge over other market players.
- In June 2022, Mesha Energy Solutions Pvt. Ltd. announced that it had acquired a patent from the government of India for its battery performance technology. The new patented technology was intended to be used by all types of manufacturers including lithium-ion, lead acid, sodium-ion, etc.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Key Segments of Lead Acid Battery Industry Research
-
By Application :
- Transportation
- OEM Transportation
- PCs
- LCVs
- HCVs
- Two Wheelers
- Others
- Aftermarket Transportation
- PCs
- LCVs
- HCVs
- Two Wheelers
- Others
- OEM Transportation
- Motive Industrial
- OEM Motive Industrial
- Aftermarket Motive Industrial
- Stationary Industrial
- OEM Stationary Industrial
- Aftermarket Stationary Industrial
- Commercial
- OEM Commercial
- Aftermarket Commercial
- Residential
- OEM Residential
- Aftermarket Residential
- Grid Storage
- OEM Grid Storage
- Aftermarket Grid Storage
- Others
- OEMs
- Aftermarket
- Transportation
-
By Product Type :
- Flooded
- AGM (Absorbent Glass Mat)
- Gel
-
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Key Success Factors
- 4. Market Background
- 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 6. Global Market - Pricing Analysis
- 7. Global Market Demand in Value (US$ Mn) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 8. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033, by Product Type
- 8.1. Flooded
- 8.2. AGM (Absorbent Glass Mat)
- 8.3. Gel
- 9. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033, by Application
- 9.1. Transportation
- 9.1.1. OEM Transportation
- 9.1.1.1. PC
- 9.1.1.2. LCV
- 9.1.1.3. HCV
- 9.1.1.4. Two Wheelers
- 9.1.1.5. Others
- 9.1.2. Aftermarket
- 9.1.2.1. PC
- 9.1.2.2. LCV
- 9.1.2.3. HCV
- 9.1.2.4. Two Wheelers
- 9.1.2.5. Others
- 9.1.1. OEM Transportation
- 9.2. Motive Industrial
- 9.2.1. OEM Motive Industrial
- 9.2.2. Aftermarket Motive Industrial
- 9.3. Stationary Industrial
- 9.3.1. OEM Stationary Industrial
- 9.3.2. Aftermarket Stationary Industrial
- 9.4. Commercial
- 9.4.1. OEM Commercial
- 9.4.2. Aftermarket Commercial
- 9.5. Residential
- 9.5.1. OEM Residential
- 9.5.2. Aftermarket Residential
- 9.6. Grid Storage
- 9.6.1. OEM Grid Storage
- 9.6.2. Aftermarket Grid Storage
- 9.7. Others
- 9.7.1. OEM Others
- 9.7.2. Aftermarket Others
- 9.1. Transportation
- 10. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033, by Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Eastern Europe
- 10.4. Western Europe
- 10.5. Asia Pacific Excl. Japan (APEJ)
- 10.6. Japan
- 10.7. Middle East & Africa (MEA)
- 11. North America Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 12. Latin America Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 13. Western Europe Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 14. Eastern Europe Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 15. APEJ Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 16. Japan Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 17. MEA Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 18. Market Structure Analysis
- 19. Company Profiles
- 19.1. Furukawa Electric Co., Ltd
- 19.2. Hitachi Chemical Company, Ltd
- 19.3. Narada Power Source Co. Ltd
- 19.4. SiteTel Sweden AB (NorthStar)
- 19.5. Leoch International Technology Ltd
- 19.6. Yokohama Batteries Sdn. Bhd.
- 19.7. Enersys
- 19.8. Exide Industries Ltd
- 19.9. GS Yuasa Corporation
- 19.10. Hoppecke Batterien GmbH & Co. KG
- 19.11. Crown Battery Corporation
- 19.12. C&D Technologies, Inc.
- 19.13. Coslight Technology International Group Co. Ltd.
- 19.14. East Penn Manufacturing Co.
- 19.15. Chaowei Power Holdings Limited
- 19.16. Zhangzhou Hauwei Power Supply Technology Co., Ltd
- 19.17. B.B Battery
- 19.18. Camel Group Co., Ltd
- 19.19. Shandong Sacred Sun Power Sources Co. Ltd
- 20. Research Methodology
- 21. Assumption & Acronyms Used
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List Of Table
Table 01: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Product Type, 2018 to 2022
Table 02: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Product Type, 2023 to 2033
Table 03: Global Market Y-o-Y, by Product Type, 2023 to 2033
Table 04: Global Market Value (US$ Mn) Analysis, by Application, 2018 to 2033
Table 05: Global Market Value (US$ Mn) Analysis, by Application, 2018 to 2033
Table 06: Global Market Volume (Units) Analysis, by Application, 2018 to 2033
Table 07: Global Market Volume (Units) Analysis, by Application, 2018 to 2033
Table 08: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2018 to 2022
Table 09: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2023 to 2033
Table 10: Global Market Y-o-Y, by Region, 2023 to 2033
Table 11: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Product Type, 2018 to 2022
Table 12: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Product Type, 2023 to 2033
Table 13: North America Market Y-o-Y, by Product Type, 2023 to 2033
Table 14: North America Market Value (US$ Mn) Analysis, by Application, 2018 to 2033
Table 15: North America Market Value (US$ Mn) Analysis, by Application, 2018 to 2033
Table 16: North America Market Volume (Units) Analysis, by Application, 2018 to 2033
Table 17: North America Market Volume (Units) Analysis, by Application, 2018 to 2033
Table 18: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2018 to 2022
Table 19: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2023 to 2033
Table 20: North America Market Y-o-Y, by Region, 2023 to 2033
Table 21: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Product Type, 2018 to 2022
Table 22: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Product Type, 2023 to 2033
Table 23: Latin America Market Y-o-Y, by Product Type, 2023 to 2033
Table 24: Latin America Market Value (US$ Mn) Analysis, by Application, 2018 to 2033
Table 25: Latin America Market Value (US$ Mn) Analysis, by Application, 2018 to 2033
Table 26: Latin America Market Volume (Units) Analysis, by Application, 2018 to 2033
Table 27: Latin America Market Volume (Units) Analysis, by Application, 2018 to 2033
Table 28: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2018 to 2022
Table 29: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2023 to 2033
Table 30: Latin America Market Y-o-Y, by Region, 2023 to 2033
Table 31: Eastern Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Product Type, 2018 to 2022
Table 32: Eastern Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Product Type, 2023 to 2033
Table 33: Eastern Europe Market Y-o-Y, by Product Type, 2023 to 2033
Table 34: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2018 to 2033
Table 35: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2018 to 2033
Table 36: Eastern Europe Market Volume (Units) Analysis, by Application, 2018 to 2033
Table 37: Eastern Europe Market Volume (Units) Analysis, by Application, 2018 to 2033
Table 38: Eastern Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2018 to 2022
Table 39: Eastern Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2023 to 2033
Table 40: Eastern Europe Market Y-o-Y, by Region, 2023 to 2033
Table 41: Western Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Product Type, 2018 to 2022
Table 42: Western Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Product Type, 2023 to 2033
Table 43: Western Europe Market Y-o-Y, by Product Type, 2023 to 2033
Table 44: Western Europe Market Value (US$ Mn) Analysis, by Application, 2018 to 2033
Table 45: Western Europe Market Value (US$ Mn) Analysis, by Application, 2018 to 2033
Table 46: Western Europe Market Volume (Units) Analysis, by Application, 2018 to 2033
Table 47: Western Europe Market Volume (Units) Analysis, by Application, 2018 to 2033
Table 48: Western Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2018 to 2022
Table 49: Western Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2023 to 2033
Table 50: Western Europe Market Y-o-Y, by Region, 2023 to 2033
Table 51: APEJ Market Value (US$ Mn) and Volume (Units) Analysis, by Product Type, 2018 to 2022
Table 52: APEJ Market Value (US$ Mn) and Volume (Units) Analysis, by Product Type, 2023 to 2033
Table 53: APEJ Market Y-o-Y, by Product Type, 2023 to 2033
Table 54: APEJ Market Value (US$ Mn) Analysis, by Application, 2018 to 2033
Table 55: APEJ Market Value (US$ Mn) Analysis, by Application, 2018 to 2033
Table 56: APEJ Market Volume (Units) Analysis, by Application, 2018 to 2033
Table 57: APEJ Market Volume (Units) Analysis, by Application, 2018 to 2033
Table 58: APEJ Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2018 to 2022
Table 59: APEJ Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2023 to 2033
Table 60: APEJ Market Y-o-Y, by Region, 2023 to 2033
Table 61: Japan Market Value (US$ Mn) and Volume (Units) Analysis, by Product Type, 2018 to 2022
Table 62: Japan Market Value (US$ Mn) and Volume (Units) Analysis, by Product Type, 2023 to 2033
Table 63: Japan Market Y-o-Y, by Product Type, 2023 to 2033
Table 64: Japan Market Value (US$ Mn) Analysis, by Application, 2018 to 2033
Table 65: Japan Market Value (US$ Mn) Analysis, by Application, 2018 to 2033
Table 66: Japan Market Volume (Units) Analysis, by Application, 2018 to 2033
Table 67: Japan Market Volume (Units) Analysis, by Application, 2018 to 2033
Table 68: Japan Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2018 to 2022
Table 69: Japan Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2023 to 2033
Table 70: Japan Market Y-o-Y, by Region, 2023 to 2033
Table 71: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Product Type, 2018 to 2022
Table 72: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Product Type, 2023 to 2033
Table 73: MEA Market Y-o-Y, by Product Type, 2023 to 2033
Table 74: MEA Market Value (US$ Mn) Analysis, by Application, 2018 to 2033
Table 75: MEA Market Value (US$ Mn) Analysis, by Application, 2018 to 2033
Table 76: MEA Market Volume (Units) Analysis, by Application, 2018 to 2033
Table 77: MEA Market Volume (Units) Analysis, by Application, 2018 to 2033
Table 78: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2018 to 2022
Table 79: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2023 to 2033
Table 80: MEA Market Y-o-Y, by Region, 2023 to 2033
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List Of Figures
Figure 01: Global GDP Forecast (US$ Bn) & Y-o-Y Growth, 2018 to 2033
Figure 02: Latin America GDP Forecast (US$ Bn) & Y-o-Y Growth, 2018 to 2033
Figure 03: APEJ GDP Forecast (US$ Bn) & Y-o-Y Growth, 2018 to 2033
Figure 04: North America GDP Forecast (US$ Bn) & Y-o-Y Growth, 2018 to 2033
Figure 05: Eastern Europe GDP Forecast (US$ Bn) & Y-o-Y Growth, 2018 to 2033
Figure 06: Japan GDP Forecast (US$ Bn) & Y-o-Y Growth, 2018 to 2033
Figure 07: Western Europe GDP Forecast (US$ Bn) & Y-o-Y Growth, 2018 to 2033
Figure 08: MEA GDP Forecast (US$ Bn) & Y-o-Y Growth, 2018 to 2033
Figure 09: Global Automotive Production (Units) Outlook
Figure 10: Global Electric Scooters Market Sales Volume (‘000 Units)
Figure 11: GDP Per Capita (US$) by Country
Figure 12: Global Market Historical Volume (‘000 Units), 2018 to 2022
Figure 13: Global Market Volume (‘000 Units) Forecast, 2023 to 2033
Figure 14: Global Market Value (US$ Mn) Forecast, 2018 to 2033
Figure 15: Global Market Absolute $ Opportunity, 2018 to 2033
Figure 16: Global Market: BPS Analysis by Product Type - 2023 to 2033
Figure 17: Global Market: Y-o-Y Growth Comparison by Product Type, 2018 to 2033
Figure 18: Global Market: Y-o-Y Growth Comparison by Product Type, 2018 to 2033
Figure 19: Global Market Absolute $ Opportunity by Flooded Battery Segment, 2023 to 2033
Figure 20: Global Market Absolute $ Opportunity by AGM Segment, 2023 to 2033
Figure 21: Global Market Absolute $ Opportunity by Gel Battery, 2023 to 2033
Figure 22: Global Market: BPS Analysis by Application - 2023 to 2033
Figure 23: Global Market: Y-o-Y Growth Comparison by Application, 2018 to 2033
Figure 24: Global Market: Y-o-Y Growth Comparison by Application, 2018 to 2033
Figure 25: Global Market Absolute $ Opportunity by Transportation, 2023 to 2033
Figure 26: Global Market Absolute $ Opportunity by Motive Industrial, 2023 to 2033
Figure 27: Global Market Absolute $ Opportunity by Stationary Industrial, 2023 to 2033
Figure 28: Global Market Absolute $ Opportunity by Commercial, 2023 to 2033
Figure 29: Global Market Absolute $ Opportunity by Residential, 2023 to 2033
Figure 30: Global Market Absolute $ Opportunity by Grid Storage, 2023 to 2033
Figure 31: Global Market Absolute $ Opportunity by Others, 2023 to 2033
Figure 32: Global Market Share and BPS Analysis by Region
Figure 33: Global Market Y-o-Y Growth Projections by Region, 2023 to 2033
Figure 34: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 35: APEJ Market Absolute $ Opportunity, 2023 to 2033
Figure 36: North America Market Absolute $ Opportunity, 2023 to 2033
Figure 37: Latin America Market Absolute $ Opportunity, 2023 to 2033
Figure 38: Eastern Europe Market Absolute $ Opportunity, 2023 to 2033
Figure 39: Western Europe Market Absolute $ Opportunity, 2023 to 2033
Figure 40: Japan Market Absolute $ Opportunity, 2023 to 2033
Figure 41: MEA Market Absolute $ Opportunity, 2023 to 2033
Figure 42: North America Market Share and BPS Analysis by Country
Figure 43: North America Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 44: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 45: North America Market Absolute $ Opportunity by the U.S., 2018 to 2023 and 2033
Figure 46: North America Market Absolute $ Opportunity by Canada, 2018 to 2023 and 2033
Figure 47: North America Market: BPS Analysis by Product Type - 2023 to 2033
Figure 48: North America Market: Y-o-Y Growth Comparison by Product Type, 2018 to 2033
Figure 49: North America Market: Y-o-Y Growth Comparison by Product Type, 2018 to 2033
Figure 50: North America Market: BPS Analysis by Application - 2023 to 2033
Figure 51: North America Market: Y-o-Y Growth Comparison by Application, 2018 to 2033
Figure 52: North America Market: Y-o-Y Growth Comparison by Application, 2018 to 2033
Figure 53: Latin America Market Share and BPS Analysis by Country
Figure 54: Latin America Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 55: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 56: Latin America Market Absolute $ Opportunity by Brazil, 2018 to 2023 and 2033
Figure 57: Latin America Market Absolute $ Opportunity by Mexico, 2018 to 2023 and 2033
Figure 58: Latin America Market Absolute $ Opportunity by Rest of Latin America, 2018 to 2023 and 2033
Figure 59: Latin America Market: BPS Analysis by Product Type - 2023 to 2033
Figure 60: Latin America Market: Y-o-Y Growth Comparison by Product Type, 2018 to 2033
Figure 61: Latin America Market: Y-o-Y Growth Comparison by Product Type, 2018 to 2033
Figure 62: Latin America Market: BPS Analysis by Application - 2023 to 2033
Figure 63: Latin America Market: Y-o-Y Growth Comparison by Application, 2018 to 2033
Figure 64: Latin America Market: Y-o-Y Growth Comparison by Application, 2018 to 2033
Figure 65: Western Europe Market Share and BPS Analysis by Country
Figure 66: Western Europe Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 67: Western Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 68: Western Europe Market Absolute $ Opportunity by Germany, 2018 to 2023 and 2033
Figure 69: Western Europe Market Absolute $ Opportunity by Italy, 2018 to 2023 and 2033
Figure 70: Western Europe Market Absolute $ Opportunity by France, 2018 to 2023 and 2033
Figure 71: Western Europe Market Absolute $ Opportunity by U.K. a, 2018 to 2023 and 2033
Figure 72: Western Europe Market Absolute $ Opportunity by Spain, 2018 to 2023 and 2033
Figure 73: Western Europe Market Absolute $ Opportunity by Rest of Western Europe, 2018 to 2023 and 2033
Figure 74: Western Europe Market: BPS Analysis by Product Type - 2023 to 2033
Figure 75: Western Europe Market: Y-o-Y Growth Comparison by Product Type, 2018 to 2033
Figure 76: Western Europe Market: Y-o-Y Growth Comparison by Product Type, 2018 to 2033
Figure 77: Western Europe Market: BPS Analysis by Application - 2023 to 2033
Figure 78: Western Europe Market: Y-o-Y Growth Comparison by Application, 2018 to 2033
Figure 79: Western Europe Market: Y-o-Y Growth Comparison by Application, 2018 to 2033
Figure 80: Eastern Europe Market Share and BPS Analysis by Country
Figure 81: Eastern Europe Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 82: Eastern Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 83: Eastern Europe Market Absolute $ Opportunity by Russia, 2018 to 2023 and 2033
Figure 84: Eastern Europe Market Absolute $ Opportunity by Poland, 2018 to 2023 and 2033
Figure 85: Eastern Europe Market Absolute $ Opportunity by Rest of Latin America, 2018 to 2023 and 2033
Figure 86: Eastern Europe Market: BPS Analysis by Product Type - 2023 to 2033
Figure 87: Eastern Europe Market: Y-o-Y Growth Comparison by Product Type, 2018 to 2033
Figure 88: Eastern Europe Market: Y-o-Y Growth Comparison by Product Type, 2018 to 2033
Figure 89: Eastern Europe Market: BPS Analysis by Application - 2023 to 2033
Figure 90: Eastern Europe Market: Y-o-Y Growth Comparison by Application, 2018 to 2033
Figure 91: Eastern Europe Market: Y-o-Y Growth Comparison by Application, 2018 to 2033
Figure 92: Asia Pacific Excl. Japan Market Share and BPS Analysis by Country - 2023 to 2033
Figure 93: Asia Pacific Excl. Japan Market Y-o-Y Growth Projections by Country, 2019 to 2029
Figure 94: Asia Pacific Excl. Japan Market Attractiveness by Country, 2019 to 2029
Figure 95: China Market Absolute $ Opportunity, 2023 to 2033
Figure 96: India Market Absolute $ Opportunity, 2023 to 2033
Figure 97: ASEAN Market Absolute $ Opportunity, 2023 to 2033
Figure 98: ASEAN Market Absolute $ Opportunity, 2023 to 2033
Figure 99: Rest of APEJ Market Absolute $ Opportunity, 2023 to 2033
Figure 100: APEJ Market: BPS Analysis by Product Type - 2023 to 2033
Figure 101: APEJ Market: Y-o-Y Growth Comparison by Product Type, 2018 to 2033
Figure 102: APEJ Market: Y-o-Y Growth Comparison by Product Type, 2018 to 2033
Figure 103: APEJ Market: BPS Analysis by Application - 2023 to 2033
Figure 104: APEJ Market: Y-o-Y Growth Comparison by Application, 2018 to 2033
Figure 105: APEJ Market: Y-o-Y Growth Comparison by Application, 2018 to 2033
Figure 106: Japan Market Absolute $ Opportunity, 2023 to 2033
Figure 107: Japan Market: BPS Analysis by Product Type - 2023 to 2033
Figure 108: Japan Market: Y-o-Y Growth Comparison by Product Type, 2018 to 2033
Figure 109: Japan Market: Y-o-Y Growth Comparison by Product Type, 2018 to 2033
Figure 110: Japan Market: BPS Analysis by Application - 2023 to 2033
Figure 111: Japan Market: Y-o-Y Growth Comparison by Application, 2018 to 2033
Figure 112: Japan Market: Y-o-Y Growth Comparison by Application, 2018 to 2033
Figure 113: MEA Market Share and BPS Analysis by Country
Figure 114: MEA Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 115: MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 116: GCC Countries Market Absolute $ Opportunity, 2023 to 2033
Figure 117: South Africa Market Absolute $ Opportunity, 2023 to 2033
Figure 118: Turkey Market Absolute $ Opportunity, 2023 to 2033
Figure 119: Rest of MEA Market Absolute $ Opportunity, 2023 to 2033
Figure 120: MEA Market: BPS Analysis by Product Type - 2023 to 2033
Figure 121: MEA Market: Y-o-Y Growth Comparison by Product Type, 2018 to 2033
Figure 122: MEA Market: Y-o-Y Growth Comparison by Product Type, 2018 to 2033
Figure 123: MEA Market: BPS Analysis by Application - 2023 to 2033
Figure 124: MEA Market: Y-o-Y Growth Comparison by Application, 2018 to 2033
Figure 125: MEA Market: Y-o-Y Growth Comparison by Application, 2018 to 2033
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- FAQs -
What is the current size of the lead acid battery market?
The global lead acid battery market stands at a value of US$ 57.1 billion in 2023.
How big will the lead acid battery market be in the future?
Sales of lead acid batteries are set to secure a market valuation of US$ 96.5 billion by 2033-end.
What is the predicted lead acid battery market growth?
Worldwide lead acid battery shipments are predicted to rise at 5.3% CAGR through 2033.
What are the major drivers of the lead acid battery market?
Expansion of the telecom sector, growing demand for energy storage, and advancements in battery technology are key market drivers.
Who are the key manufacturers of lead acid batteries?
Furukawa Electric Co. Ltd., Hoppecke Batterien GmbH & Co. KG, Yokohama Batteries Sdn. Bhd, Enersys, and Exide Industries Ltd. are leading manufacturers of lead acid batteries.
Lead Acid Battery Market