Lead Acid Battery Market

Market Leaders - Lead Acid Battery Market

The global lead acid battery market is expected to grow from an estimated USD 41.6 billion in 2019 to USD 52.5 billion by 2024, at a CAGR of 4.7% during the forecast period. The growth of this market is driven by burgeoning expansion in the automotive industry, rapid technological advancement, development of the telecom sector, and the cost-effectiveness of lead acid battery storage solution.

The global lead acid battery market is dominated by a few major players that have an extensive regional presence. The leading players in the 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).

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The major strategies adopted by the players include new product launches, investments & expansions, mergers & acquisitions, contracts & agreements, partnerships, alliances, joint ventures, and collaborations. Contracts & agreements was the most commonly adopted strategy from February 2016 to February 2019. These industry players also adopted new product launches and mergers & acquisitions as major strategies during that period.

Enersys is a global company providing energy solutions for a wide range of industrial applications. EnerSys’s product portfolio includes various series of batteries like DataSafe, CYCLON, PowerSafe-SuperSafe, Hawker, Genesis, Quallion, Odyssey, NexSys, Ironclad, and GAZ batteries. EnerSys markets its batteries under the brand name SuperSafe in India, Malaysia, Indonesia, Singapore, and Thailand, where in other regions the batteries are sold under the brand PowerSafe. Some of its valve-regulated lead-acid batteries are branded as Powersafe/SuperSafe DDm, and DataSafe HX, among others. Hawker ArmaSafe Plus and Genesis EP are some of its TPPL (thin plate pure lead-tin) lead-acid batteries. The company earns more than 50% of its revenue from the Americas. The company’s revenue in 2018, grew by 9% as compared to 2017. A major contributor to this increase was the increase in revenue from the EMEA region. The company’s operational expenses have increased due to changes in the price of raw materials, especially lead. The company has adopted various growth strategies to increase its revenue and regional presence. From 2003 to 2018, the company undertook 28 mergers & acquisitions. For instance, in December 2018, the company acquired Alpha Technologies Group, a power solutions provider. With the help of this merger, the company has diversified its product offering, penetrated new markets, and strengthened regional presence

GS Yuasa is one of the biggest players in the global battery market. It has nine wholly-owned and affiliated companies in Japan which offer batteries, financial & accounting services, and polypropylene filters, among others. Its battery business operations are segmented into five categories – Automotive Batteries (Japan), Automotive Batteries (Overseas), Industrial Batteries & Power supplies, Automotive Lithium-ion Batteries, and Others, which includes defense, space, submarine and other applications. The company’s revenue has increased significantly, i.e., 14% from 2016 to 2017. This increase was achieved due to the growing demand from the automotive sector in Japan. Further, the company was also 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 per the European Norms. The company also adopted other growth strategies. For instance, in 2018, GS Yuasa established its new subsidiary called Siam GS Battery Myanmar Limited, in Myanmar, for serving customers in the automotive and household power segment.

Related Reports:

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

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Report Code
EP 7328
RI Published ON
8/30/2019
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