At what pace is the lead acid batteries market growing, and what is its estimated value? The lead acid batteries market size has grown strongly in recent years. It will grow from $27.27 billion in 2024 to $29 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rapid growth in the automotive industry and rising demand for renewable energy. The lead acid batteries market size is expected to see strong growth in the next few years. It will grow to $36.83 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing demand for electric vehicles and expansion of data center infrastructure. Major trends in the forecast period include development of graphene-enhanced lead acid batteries, use of carbon additives in lead acid battery electrodes, increased focus on valve regulated stationary lead-acid batteries, introduction of battery analyzers for testing lead-acid batteries and strategic partnerships and collaborations among market players. Get Your Free Sample of The Global Lead Acid Batteries Market Report: https://www.thebusinessresearchcompany.com/sample.aspx?id=2796&type=smp What are the top drivers to the rising demand in the lead acid batteries market? Growing demand in the automobile industry contributed to the growth of the lead-acid batteries market. Rising research and development activities in the automotive lead-acid battery industry, coupled with government initiatives for electric vehicles are propelling the growth of the global automotive market, thereby increasing the demand for lead-acid batteries. For instance, in 2023, according to the Organisation Internationale des Constructeurs d’Automobiles (OICA), a France-based international association of automobile manufacturers, the global automotive industry in 2023 experienced notable growth, with total vehicle production reaching 93546599 units, a significant increase from the 85016728 units produced in 2022. The increasing adoption of lead-acid batteries in electric vehicles along with growing government initiatives to promote electric vehicles is anticipated to drive the demand for the lead-acid battery market in the forecast period. How is the lead acid batteries market segmented? The lead acid batteries market covered in this report is segmented – 1) By Type: Stationary, Motive And Starting, Lighting And Ignition (SLI) 2) By Technology: Basic Lead-Acid Battery, Advanced Lead-Acid Battery 3) By Construction Method: Flooded, Valve Regulated Lead-Acid (VRLA) 4) By End User: Transportation, Industrial, Commercial And Residential, Utilities Subsegments: 1) By Stationary: Backup Power Systems, Uninterruptible Power Supply (UPS) Systems, Renewable Energy Storage 2) By Motive and Starting: Automotive Batteries, Forklift Batteries, Golf Cart Batteries, Electric Vehicle Batteries, Marine Batteries 3) By Lighting and Ignition (SLI): Conventional Lead Acid Batteries, Absorbent Glass Mat (AGM) Batteries, Gel Batteries, Enhanced Flooded Batteries (EFB), Deep Cycle Batteriesnt Order your report now for swift delivery https://www.thebusinessresearchcompany.com/report/lead-acid-batteries-global-market-report Who are the top competitors in the lead acid batteries market? Major companies operating in the lead acid batteries market include Chaowei Power Holdings Limited, GS Yuasa Corporation, Clarios International Inc, EnerSys, East Penn Manufacturing Co, Camel Group Co., Ltd, Zhejiang Narada Power Source Co. Ltd., Leoch International Technology Ltd, Exide Industries Ltd, Panasonic Corporation, Amara Raja Batteries Limited, Guangdong Techfine Electronic Co., Ltd., Kaiying Power Supply & Electrical Equip Co., Ltd., Fujian Jiage Power Tech Co., Ltd., Jujiang Power Technology Co., Ltd., Suzhou Foberria New Energy Technology Co., Ltd., Xiamen Songli Import and Export Co., Ltd., Manbat, AceOn Group, ENIX Energies, Ultracell, AKTEX INC, AKOM JSC, The Ural Plant of Chemical Reagents, SOLARUS ENERGY Ltd, Yuntong Power Co.,Ltd, Krascrystal Co., Ltd, Veaga-Teplo Ltd, C&D Technologies, Inc, CSB Energy Technology Co., Ltd., Koyo Battery Co., Ltd, Astra Otoparts, Robert Bosch GmbH, Stryten Salina, LLC, Industrias Tudor Sp De Bateriais Ltda, Grupo Craft, Acumuladores Moura S.A., Sociedad Química y Minera (SQM) Salar S.A., Baterias Willard S.A., Dubatt Battery Recycling LLC, Sharaf Group, Middle East Battery Company (MEBCO), Seri Industrial S.p.A., Classic Power Batteries Trading LLC, Lento Industries Private Limited, Sunlight Group, E Schnapp Co Works Ltd, Shmuel De-Leon Energy, Ltd., Dixon Batteries, Enertec Batteries Pty Ltd, First National Battery, Renergy Technologies, Sunfor Technologies (PTY) Ltd What significant trends should we anticipate in the lead acid batteries market over the forecast period? The introduction of an absorbent glass mat (AGM), a lead-acid battery with a lower weight, better electrical reliability, and higher performance is contributing to higher demand for lead-acid batteries. According to Battery University, AGM is a preferred battery for upscale motorbikes, owing to features such as reduced weight, lesser acid spilling, and good performance at cold temperatures. These batteries are also gaining traction in motor home, marine, and robotic applications. Therefore, advancements in lead-acid batteries will generate higher demand for the lead-acid batteries market in the forecast period. Which regional trends are influencing the lead acid batteries market, and which area dominates the industry? The countries covered in the lead acid batteries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain What Does The Lead Acid Batteries Market Report 2025 Offer? The lead acid batteries market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Lead-acid batteries are bigger and store a high amount of energy. These batteries are generally used in automobiles, uninterruptible power supply (UPS), telecommunications, and inverters attributed to their requirement for a high-power supply. Purchase the exclusive report now to unlock valuable market insights: https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2796 About The Business Research Company With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead. 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The Business Research Company published its Lead Acid Batteries Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global lead acid batteries market.
The report covers the lead acid batteries market’s segments- by type: stationary; motive and by end user: transportation; industrial; residential; commercial.View Complete Report: https://www.thebusinessresearchcompany.com/report/lead-acid-batteries-global-market-report-2020-30-covid-19-impact-and-recoveryLead Acid Batteries Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.The introduction of absorbent glass mat (AGM), a lead-acid battery with lower weight, better electrical reliability, and higher performance is contributing to higher demand for lead-acid batteries.
According to Battery University, AGM is a preferred battery for upscale motorbikes, owing to features such as reduced weight, lesser acid spilling, and good performance at cold temperatures.
Lead Acid Batteries Market Segmentation 5.
