Lead Acid Battery Market

Lead Acid Battery Market by Technology (Basic, Advanced Lead Acid), Type (Stationary, Motive), Construction Method (Flooded, VRLA), End-User (Utilities, Transportation, Industrial, Commercial & Residential), and Region - Global Forecast to 2024

Report Code: EP 7328 Aug, 2019, by marketsandmarkets.com

[141 Pages Report] The global lead acid battery market is projected to reach USD 52.5 billion by 2024 from an estimated USD 41.6 billion in 2019, at a CAGR of 4.7% during the forecast period. The booming telecommunication sector and expanding data industry, require a cost-effective battery storage solution to provide for backup power is expected to be the most significant catalyst driving the development of this market.

Lead Acid Battery Market

The data centres sub-segment is expected to be the largest contributor to the lead acid battery market, by industrial segment, during the forecast period

The lead acid battery market is sub-segmented, by industrial, into data centres, telecom, oil & gas, and others. Others in the industrial segment include construction, metals & mining, chemical & pharmaceutical, and food & beverage industries. Regions such as Asia Pacific is focussing on increasing the number of data centres installed across the countries, due to the growth of the IT sector. Lead acid batteries are expected to be used as a backup power solution in these data centres owing to their functionality across a wide temperature range.

The VRLA segment is expected to be the fastest-growing market during the forecast period

The lead acid battery market, by construction method, is segmented into flooded, and valve regulated lead acid (VRLA) batteries. The VRLA batteries are technologically more advanced and have a longer life cycle with excellent performance levels. They are more cost-effective as compared to lithium-ion and nickel-cadmium batteries and are expected to be the more favoured lead acid battery among its end-users.

Lead Acid Battery Market

Asia Pacific is expected to be the largest market during the forecast period

In this report, the lead acid battery market has been analysed with respect to five regions, namely, North America, Europe, South America, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to be the largest market from 2019 to 2024. Increasing demand for peak shaving, backup power, grid stability, and renewable energy integration with the main grid has lead to the requirement of cost-effective battery storage solutions. This drives the lead acid battery market in the region.

Key Market Players

The major players in the global lead acid battery market are EnerSys (US), Exide Industries (India), GS Yuasa (China), Clarios (US), Panasonic (Japan), Chaowei Power (China), Narada Power (China), HBL Power Systems (India), Crown Battery (US), NorthStar (Sweden), Hitachi Chemical (Japan), Exide Technologies (US), Teledyne Technologies (US), East Penn (US), Hankook AltasBX (Korea), HOPPECKE (Germany), C&D Technologies (US), Rolls Battery (Canada), Camel Power (Malaysia), Amara Raja Power System (India), Xupai Battery (China), Okaya Power (India), Leoch International Technology (Hong Kong), Harbin Coslight Power (China), and First National Battery (South Africa).

Panasonic Industry’s industrial battery division produces a vast array of rechargeable and non-rechargeable batteries, which include lead acid, lithium-ion, nickel-metal hydride, nickel-cadmium, coin, lithium and alkaline technologies. Panasonic Industries is among the leading electrical and electronic solutions provider having large manufacturing capabilities and advanced technology. The company witnessed an increase in its revenue by 8% in 2017 as compared to 2016. The company offers a large variety of power solution products based on a “mass production, volume sales” approach.  The company plans to refine its batteries for the automotive segment and focus on the Chinese market as it has growth potential in light of rising production of EV’s, commercial and passenger vehicles, but the company’s focus, in the long run, is on lithium-ion batteries.

GS Yuasa is one of the leading manufacturers of battery, power systems, lighting equipment and electrical devices. The company’s revenue has increased significantly, i.e., 14% from 2016 to 2017.  This was achieved due to the rising demand from the automotive sector in Japan. Further, the company was able to increase its revenue by launching batteries compliant with the European Norms. For instance, in December 2017, due to the increasing demand for replacement batteries, the company re-launched ECO.R ENJ series lead acid batteries which were following the European Norms. The company also adopted other growth strategies. For instance, in May 2018, GS Yuasa established its new subsidiary, Siam GS Battery Myanmar Limited, in Myanmar, for serving customers in the automotive and household power segment. Further, in January 2017, a new plant was built in China, with the latest technologies for increasing annual production up to 8 million units annually. Hence, the company plans to grow in domestic as well as international markets, by catering its customers’ demands by incorporating advanced technologies in their energy storage solutions.

Scope of the Report

Report Metric

Details

Market Size available for years

2017-2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

Technology, Type, Construction Method, End-User, and Region

Geographies covered

Asia Pacific, North America, Europe, The Middle East & Africa, and South America

Companies covered

EnerSys (US), Exide Industries (India), GS Yuasa (China), Clarios (US), Panasonic (Japan), Chaowei Power (China), Narada Power (China), HBL Power Systems (India), Crown Battery (US), NorthStar (Sweden), Hitachi Chemical (Japan), Exide Technologies (US), Teledyne Technologies (US), East Penn (US), Hankook AltasBX (Korea), HOPPECKE (Germany), C&D Technologies (US), Rolls Battery (Canada), Camel Power (Malaysia), Amara Raja Power System (India), XUPAI Battery (China), Okaya Power (India), Leoch International Technology (Hong Kong), Harbin Coslight Power (China), First National Battery (South Africa)

This research report categorizes the lead acid battery market based on technology, solution, end-user, application, and region.

Based on Technology, the lead acid battery market has been segmented as follows:

  • Basic Lead Acid Battery
  • Advanced Lead Acid battery

Based on the Type, the lead acid battery market has been segmented as follows:

  • Stationary
  • Motive

Based on the Construction Method, the lead acid battery market has been segmented as follows:

  • Flooded
  • Valve Regulated Lead Acid (VRLA)

Based on End-user, the lead acid battery market has been segmented as follows:

  • Utility
  • Transportation
  • Industrial
  • Commercial & Residential

Based on the Industrial, the lead acid battery market has been sub-segmented as follows:

  • Data Centers
  • Telecom
  • Oil & Gas
  • Others

Based on the Region, the lead acid battery market has been segmented as follows:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

Recent Developments

  • In July 2019, Enersys was appointed Approved Status Vendor for the National PRONTO Association. This enables Enersys to provide its Absorbed Glass Mat (AGM) ODYSSEY batteries to PRONTO warehouse distributor members. 
  • In March 2019, GS Yuasa opened a new automotive lead acid battery plant in Turkey. The plant will be operated by nci GS Yuasa Akü Sanayi ve Ticaret Anonim ªirketi (“IGYA”) an equity affiliate of the GS Yuasa.

Key Questions Addressed by the Report

  • What are the revolutionary technology trends that will be seen over the next five years?
  • Which of the lead acid battery market elements will lead by 2024?
  • Which of the construction method segments will have the maximum opportunity to grow during the forecast period?
  • Which will be the leading region with the highest market share by 2024?
  • How are OEM companies introducing their lead acid battery in different applications?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regional Scope
    1.4 Limitations
    1.5 Years Considered for the Study
    1.6 Currency
    1.7 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Scope
    2.2 Market Size Estimation
           2.2.1 Demand-Side Analysis
                    2.2.1.1 Calculation
                    2.2.1.2 Assumptions
           2.2.2 Supply Side Analysis
                    2.2.2.1 Assumptions
                    2.2.2.2 Calculation
           2.2.3 Forecast
    2.3 Some of the Insights of Industry Experts

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the Lead Acid Battery Market During the Forecast Period
    4.2 Market, By Technology
    4.3 Market, By Type
    4.4 Market, By Construction Method
    4.5 Market, By End-User
    4.6 Market, By Industrial Segment
    4.7 Market, By Region

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Cost-Competitive Energy Storage Solution
                    5.2.1.2 Rapid Technological Advancements and Expansion in the Telecom Sector
                    5.2.1.3 Easily Recyclable Compared With Lithium-Ion Batteries
           5.2.2 Restraints
                    5.2.2.1 Low-Cost Alternatives in Energy Storage Space
                    5.2.2.2 Safety Related to Battery Usage
           5.2.3 Opportunities
                    5.2.3.1 Expanding Data Center Infrastructure
                    5.2.3.2 Increase in Renewable Energy Generation Target
           5.2.4 Challenges
                    5.2.4.1 Limited Usage Capacity of Lead Acid Batteries
                    5.2.4.2 Growth of Electric Vehicles
    5.3 Supply Chain Analysis
           5.3.1 Raw Material Suppliers
           5.3.2 Manufacturers
           5.3.3 Distributors
           5.3.4 End-Users/Engine Manufacturers

6 Market, By Technology (Page No. - 42)
    6.1 Introduction
    6.2 Basic Lead Acid Battery
           6.2.1 Demand for Basic Lead Acid Battery is Driven By Its Low Selling Cost
    6.3 Advanced Lead Acid Battery
           6.3.1 Demand for Advanced Lead Acid Battery is Driven By Its Longer Life Cycle as Compared With Basic Lead Acid Battery

7 Market, By Type (Page No. - 46)
    7.1 Introduction
    7.2 Stationary
           7.2.1 Usage of These Batteries Would Primarily Be in the Commercial & Residential Sectors and Utilities, Which is Expected to Lead to the Growth of the Segment During the Forecast Period
    7.3 Motive
           7.3.1 Increased Application in the Starting, Lighting, and Ignition (Sli) and Related Transportation Sector is Expected to Boost the Segment During the Forecast Period

8 Market, By Construction Method (Page No. - 50)
    8.1 Introduction
    8.2 Flooded
           8.2.1 The Usage in Static Applications Will Help in the Growth of the Segment During the Forecast Period
    8.3 Vrla Battery
           8.3.1 Usage of Vrla Batteries in the Motive and Transportation Segments is Expected to Grow During the Forecast Period

9 Market, By End-User (Page No. - 54)
    9.1 Introduction
    9.2 Utility
           9.2.1 Renewable Energy Drives the Need for Lead Acid Battery in the Utility Segment
    9.3 Transportation
           9.3.1 Increasing Need for Efficient Management of Goods and Services in the Transportation Sector has Led to A Rise in the Demand for Lead Acid Batteries
    9.4 Industrial
           9.4.1 Power Backup in Industrial Applications Creates the Need for Usage of Lead Acid Batteries
    9.5 Commercial & Residential
           9.5.1 Demand for Advanced Lead Acid Battery is Driven By Its Longer Life Cycle as Compared With Basic Lead Acid Battery

10 Market, By Region (Page No. - 59)
     10.1 Introduction
     10.2 Asia Pacific
             10.2.1 By Technology
             10.2.2 By Type
             10.2.3 By Construction Method
             10.2.4 By End-User
             10.2.5 By Country
                        10.2.5.1 China
                                     10.2.5.1.1 The Nation has A Storehouse for Lead to Cater to the Rising Demand for Lead Acid Batteries
                        10.2.5.2 Japan
                                     10.2.5.2.1 The Country is Investing in the Installation of Lead Acid Batteries in the Marine Industry
                        10.2.5.3 India
                                     10.2.5.3.1 The Onset of the Electric Vehicle Market Will Provide the Push to the Lead Acid Battery Sales in the Region
                        10.2.5.4 South Korea
                                     10.2.5.4.1 Major Usage of Lead Acid Batteries Lies in Integrating Renewable Energy to the Existing Grid
                        10.2.5.5 Rest of Asia Pacific
     10.3 Europe
             10.3.1 By Technology
             10.3.2 By Type
             10.3.3 By Construction Method
             10.3.4 By End-User
             10.3.5 By Country
                        10.3.5.1 Germany
                                     10.3.5.1.1 Steady Transition in the Usage of Lead Acid Batteries From the Automotive Sector to the Utilities
                        10.3.5.2 Russia
                                     10.3.5.2.1 Major Developments in the Automobile Manufacturing Category is Expected to Boost Lead Acid Battery Sales
                        10.3.5.3 UK
                                     10.3.5.3.1 The Nation is Working on the Recycling of Lead Acid Batteries
                        10.3.5.4 Italy
                                     10.3.5.4.1 Major Projects in the Renewable Space is Expected to Use Lead Acid Batteries
                        10.3.5.5 Rest of Europe
     10.4 North America
             10.4.1 By Technology
             10.4.2 By Type
             10.4.3 By Construction Method
             10.4.4 By End-User
             10.4.5 By Country
                        10.4.5.1 US
                                     10.4.5.1.1 Major Usage is Expected to Be in Utilities and Home Systems
                        10.4.5.2 Canada
                                     10.4.5.2.1 The Nation is Set to Install Lead Acid Batteries for Renewable Integration and Data Centers
                        10.4.5.3 Mexico
                                     10.4.5.3.1 Lead Acid Batteries are Used in the Metals & Mining Industry
     10.5 South America
             10.5.1 By Technology
             10.5.2 By Type
             10.5.3 By Construction Method
             10.5.4 By End-User
             10.5.5 By Country
                        10.5.5.1 Brazil
                                     10.5.5.1.1 Brazil to Make Massive Investments in Data Centers and the Telecom Industry
                        10.5.5.2 Chile
                                     10.5.5.2.1 Chile is Set to Get Its First Major Investment in Data Centers and Hence Boost the Lead Acid Technology in the Country
                        10.5.5.3 Rest of South America
     10.6 Middle East & Africa
             10.6.1 By Technology
             10.6.2 By Type
             10.6.3 By Construction Method
             10.6.4 By End-User
             10.6.5 By Country
                        10.6.5.1 UAE
                                     10.6.5.1.1 The UAE is Expected to Install Infrastructure to Boost Telecom
                        10.6.5.2 Saudi Arabia
                                     10.6.5.2.1 Google has Set Eyes on the Country to Build Its Data Infrastructure
                        10.6.5.3 South Africa
                                     10.6.5.3.1 Renewable Integration is the Major Application Driving the Lead Acid Battery Market in the Country
                        10.6.5.4 Rest of Middle East & Africa

11 Competitive Landscape (Page No. - 90)
     11.1 Overview
     11.2 Competitive Leadership Mapping, 2018
             11.2.1 Visionary Leaders
             11.2.2 Innovators
             11.2.3 Dynamic
             11.2.4 Emerging
     11.3 Market Share Analysis
     11.4 Competitive Scenario
             11.4.1 New Product Launches
             11.4.2 Expansions & Investments
             11.4.3 Contracts & Agreements
             11.4.4 Mergers & Acquisitions

12 Company Profiles (Page No. - 98)
(Business Overview, Products Offered, Recent Developments & MnM View)* 
     12.1 Enersys
     12.2 Exide Industries
     12.3 GS Yuasa
     12.4 Clarios
     12.5 Panasonic
     12.6 Chaowei Power
     12.7 Narada Power
     12.8 HBL Power Systems
     12.9 Crown Battery
     12.1 Northstar
     12.11 Hitachi Chemical
     12.12 Exide Technologies
*Details on Business Overview, Products Offered, Recent Developments & MnM View Might Not Be Captured in Case of Unlisted Companies. 

13 Appendix (Page No. - 134)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (65 Tables)

Table 1 Installation of Lead Acid Batteries in the Transportation Sector Formed the Determining Factor for Deducing the Global Lead Acid Battery Market
Table 2 Global Lead Acid Battery Market Snapshot
Table 3 Upcoming Investments in the Battery Storage Space
Table 4 Cost Comparison of Lead Acid Batteries and Lithium-Ion Batteries
Table 5 Lead Acid Battery Market Size, By Technology, 2017–2024 (USD Billion)
Table 6 Basic Lead Acid Market Size, By Region, 2017–2024 (USD Billion)
Table 7 Advanced Market Size, By Region, 2017–2024 (USD Billion)
Table 8 Lead Acid Battery Market Size, By Type, 2017–2024 (USD Billion)
Table 9 Stationary: Market Size, By Region, 2017–2024 (USD Billion)
Table 10 Motive: Market Size, By Region, 2017–2024 (USD Billion)
Table 11 Lead Acid Battery Market Size, By Construction Method, 2017–2024 (USD Billion)
Table 12 Flooded: Market Size, By Region, 2017–2024 (USD Billion)
Table 13 Vrla: Market Size, By Region, 2017–2024 (USD Billion)
Table 14 Lead Acid Battery Market, By End-User, 2018 (USD Billion)
Table 15 Utility: Lead Acid Market Size, By End-User, 2017–2024 (USD Billion)
Table 16 Transportation: Market Size, By Region, 2017–2024 (USD Billion)
Table 17 Lead Acid Battery Market Size, By Industries, 2017–2024 (USD Billion)
Table 18 Industrial: Market Size, By Region, 2017–2024 (USD Billion)
Table 19 Commercial & Residential: Market Size, By Region, 2017–2024 (USD Billion)
Table 20 Lead Acid Battery Market Size, By Region, 2017–2024 (USD Billion)
Table 21 Asia Pacific: Market Size, By Technology, 2017–2024 (USD Billion)
Table 22 Asia Pacific: Market Size, By Type, 2017–2024 (USD Billion)
Table 23 Asia Pacific: Market Size, By Construction Method, 2017–2024 (USD Billion)
Table 24 Asia Pacific: Market Size, By End-User, 2017–2024 (USD Billion)
Table 25 Asia Pacific: Market Size, By Country, 2017–2024 (USD Billion)
Table 26 China: Market Size, By End-User, 2017–2024 (USD Billion)
Table 27 Japan: Market Size, By End-User, 2017–2024 (USD Billion)
Table 28 India: Market Size, By End-User, 2017–2024 (USD Billion)
Table 29 South Korea: Market Size, By End-User, 2017–2024 (USD Billion)
Table 30 Rest of Asia Pacific: Market Size, By End-User, 2017–2024 (USD Billion)
Table 31 Europe: Market Size, By Technology, 2017–2024 (USD Billion)
Table 32 Europe: Market Size, By Type, 2017–2024 (USD Billion)
Table 33 Europe: Market Size, By Construction Method, 2017–2024 (USD Billion)
Table 34 Europe: Market Size, By End-User, 2017–2024 (USD Billion)
Table 35 Europe: Market Size, By Country, 2017–2024 (USD Billion)
Table 36 Germany: Market Size, By End-User, 2017–2024 (USD Billion)
Table 37 Russia: Market Size, By End-User, 2017–2024 (USD Billion)
Table 38 UK: Market Size, By End-User, 2017–2024 (USD Billion)
Table 39 Italy: Market Size, By End-User, 2017–2024 (USD Billion)
Table 40 Rest of Europe: Market Size, By End-User, 2017–2024 (USD Billion)
Table 41 North America: Market Size, By Technology, 2017–2024 (USD Billion)
Table 42 North America: Market Size, By Type, 2017–2024 (USD Billion)
Table 43 North America: Market Size, By Construction Method, 2017–2024 (USD Billion)
Table 44 North America: Market Size, By End-User, 2017–2024 (USD Billion)
Table 45 North America: Market Size, By Country, 2017–2024 (USD Billion)
Table 46 US: Market Size, By End-User, 2017–2024 (USD Billion)
Table 47 Canada: Market Size, By End-User, 2017–2024 (USD Billion)
Table 48 Mexico: Market Size, By End-User, 2017–2024 (USD Billion)
Table 49 South America: Market Size, By Technology, 2017–2024 (USD Billion)
Table 50 South America: Market Size, By Type, 2017–2024 (USD Billion)
Table 51 South America: Market Size, By Construction Method, 2017–2024 (USD Billion)
Table 52 South America: Market Size, By End-User, 2017–2024 (USD Billion)
Table 53 South America: Market Size, By Country, 2017–2024 (USD Billion)
Table 54 Brazil: Market Size, By End-User, 2017–2024 (USD Billion)
Table 55 Chile: Market Size, By End-User, 2017–2024 (USD Billion)
Table 56 Rest of South America: Market Size, By End-User, 2017–2024 (USD Billion)
Table 57 Middle East & Africa: Market Size, By Technology, 2017–2024 (USD Billion)
Table 58 Middle East & Africa: Market Size, By Type, 2017–2024 (USD Billion)
Table 59 Middle East & Africa: Market Size, By Construction Method, 2017–2024 (USD Billion)
Table 60 Middle East & Africa: Market Size, By End-User, 2017–2024 (USD Billion)
Table 61 Middle East & Africa: Market Size, By Country, 2017–2024 (USD Billion)
Table 62 UAE: Market Size, By End-User, 2017–2024 (USD Billion)
Table 63 Saudi Arabia: Market Size, By End-User, 2017–2024 (USD Billion)
Table 64 South Africa: Market Size, By End-User, 2017–2024 (USD Billion)
Table 65 Rest of the Middle East &Africa: Market Size, By End-User, 2017–2024 (USD Billion)


List of Figures (37 Figures)

Figure 1 Market Share of the Leading Players, 2018
Figure 2 Basic Lead Acid Battery Segment is Expected to Dominate the Lead Acid Battery Market, By Technology, From 2019 to 2024
Figure 3 Motive Segment is Expected to Dominate the Market, By Type, From 2019 to 2024
Figure 4 Vrla Segment is Expected to Dominate the Market, By Construction Method, From 2019 to 2024
Figure 5 Transportation Segment is Expected to Dominate the Market, By End-User, From 2019 to 2024
Figure 6 Data Centers is Expected to Dominate the Industrial Market From 2019 to 2024
Figure 7 Asia Pacific Held the Largest Share of the Market in 2018
Figure 8 Growth in the Global Need for A Cost-Competitive Energy Storage Solution Clubbed With Rapid Expansion in Telecom and Data Industries is Expected to Drive the Market
Figure 9 Advanced Lead Acid Battery Segment Dominated the Market, By Technology, in 2018
Figure 10 Motive Segment is Expected to Dominate the Lead Acid Battery Market, By Type, During the Forecast Period
Figure 11 Vrla Battery Segment is Expected to Dominate the Market, By Construction Method, During the Forecast Period
Figure 12 Transportation Segment is Expected to Dominate the Market, By End-User, During the Forecast Period
Figure 13 Data Centers Dominated the Industrial Market in 2018
Figure 14 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 Lead Acid Battery Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Global Increase in the Data Handling Capacity
Figure 17 Market: Supply Chain Analysis
Figure 18 Market, By Technology, 2018
Figure 19 Market (Value), By Type, 2019 & 2024
Figure 20 Market (Value), By Construction Method, 2019 & 2024
Figure 21 Lead Acid Battery Market, By End-User, 2018
Figure 22 Regional Snapshot: Asia Pacific Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 Market Size, By Region, 2019–2024
Figure 24 Lead Acid Battery Market Share (Value), By Region, 2024
Figure 25 Asia Pacific: Regional Snapshot
Figure 26 Europe: Regional Snapshot
Figure 27 North America: Regional Snapshot
Figure 28 Key Developments in the Market, January 2016–August 2019
Figure 29 Lead Acid Battery Market (Global) Competitive Leadership Mapping, 2018
Figure 30 Market Share, 2018
Figure 32 Exide Industries: Company Snapshot
Figure 35 Chaowei Power: Company Snapshot
Figure 37 HBL Power Systems: Company Snapshot

This study involved four major activities in estimating the current size of the lead acid battery market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through rigorous primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation technique were done to estimate the market size of the segments and corresponding sub-segments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases, such as  North American Industry Classification System (NAICS)-data, U.S. vehicle registration statistics-data, Battery Association Of Japan-data, International Organization of Motor Vehicle Manufacturers-data, Industrial Technology Research Institute (ITRI) lead usage Industry Publications, several newspaper articles, Statista Industry Journal, Factiva, and, lead acid batteries journal, to identify and collect information useful for a technical, market-oriented, and commercial study of the lead acid battery market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. 

Primary Research

The lead acid battery market comprise several stakeholders such as the companies related to the industry, such as, consulting companies in the battery storage technology sector, government & research organizations, investment organizations, forums, alliances & associations, battery storage solution providers, original equipment manufacturers (OEM), aftermarket solution providers, state & national utility authorities, battery recycle assemblers, Lead acid battery refurbishing companies, dealers & suppliers, and vendors. Its usage characterizes the demand side of this market by end-users like utilities, transportation sector, industries, such as data centers, telecom industries, oil & gas, chemical & pharmaceutical, food & beverage, etc., and the commercial & residential sector. Advancements characterize the supply side in battery manufacturing techniques by OEMs and refurbishing companies, manufacturing basic and advanced lead acid batteries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as following.

Lead Acid Battery Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global lead acid battery market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and sub-segments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the lead acid battery market.

Report Objectives

  • To define, describe, and forecast the global lead acid battery market by technology, type, construction method, end-user, and region
  • To provide detailed information on the major factors influencing the growth of the lead acid battery (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the market with respect to individual growth trends, prospects, and contribution of each segment to the market
  • To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
  • To forecast the growth of the market with respect to the major regions (Asia Pacific, Europe, North America, South America, and the Middle East & Africa)
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • To track and analyze the competitive developments such as contracts & agreements, expansions, new product developments, mergers & acquisitions, and partnerships in the lead acid battery market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
EP 7328
Published ON
Aug, 2019
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