Automotive Lead Acid Battery Market, 2032 will see sales of electric vehicles surpass 10 million globally. Globally, rising gas and oil prices, stringent emission standards, and environmental concerns have all compelled people to move to electric cars. Electric vehicles need high-end batteries to improve charge acceptance and cycling capabilities, which is likely to drive up demand for automotive lead-acid batteries. Additionally, it is predicted that over the course of the forecast period, the automotive lead acid battery market would grow as a result of government measures supporting alternative fuel vehicles in an effort to reduce reliance on oil imports and public interest in zero-emission automobiles.
The market for lead acid batteries is growing rapidly worldwide. One major force is the massive uptake of lead-acid batteries in the automobile sector. In addition, the market is driven by the widespread use of lead-acid batteries in energy storage applications. The market size is increased by rising demand for UPS in industries including manufacturing, chemical, healthcare, and oil & gas. When size, weight, and recharging are not issues, lead acid is a far superior, more affordable, and reliable choice. Due to the electrification and de-plugging of everything, a single battery chemistry will not be sufficient to cover all the needs of an energy storage system.
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Global Automotive Lead Acid Battery Market: Major Players
Banner Batteries
Lion Batteries Holdings Pty Ltd.
ZIBO TORCH ENERGY Co., LTD.
FIRST NATIONAL BATTERY
Fujian Quanzhou Dahua Battery Co. Ltd.
F.I.A.M.M SpA
Narada Power Source Co., Ltd.
Johnson Controls, Inc.
Leoch Battery Corporation
Hitachi Chemical Energy Technology Co., Ltd
Yokohama Batteries
Camel Group Co., Ltd.
AC Delco Corporation
ATLASBX Co., Ltd.
B.B. Battery
Trojan Battery Company
Furukawa Battery Co. Ltd.
East Penn Manufacturing Company, Inc.
Firefly International Energy Co.
ENERSYS
Exide Technologies
GS Yuasa Corporation
Crown Battery
Global Automotive Lead Acid Battery: Types
Flooded
Enhanced Flooded
AGM
Global Automotive Lead Acid Battery: Applications
Passenger Cars
Light Commercial Vehicles
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In the high-volume automotive sector, where dependability, cost-effectiveness, and a solid supply chain are essential, the lead acid battery is still firmly entrenched. Lead-acid batteries are utilised in motorcycles, passenger automobiles, and commercial vehicles because they are competitively priced.
The lead acid battery offers a high recycling rate, or over 90%, which is significantly higher than lithium, despite the fact that lithium-ion batteries promise higher energy density and performance. Lead acid batteries are frequently employed in power plants and substations because of their higher cell voltage and cheaper price, which help to shape the market environment. Due to the increasing sales of passenger cars around the world, the passenger car sector is predicted to hold the biggest market share in the global automotive lead acid battery.
The market for automotive lead-acid batteries will expand if the automobile industry is expanding, and vice versa. Because lead acid batteries are still widely used in the automotive industry, this trend is expected to continue in the years to come. In cars, these batteries are utilised for ignition, lighting, and starting (SLI). Additional elements supporting market expansion include continued smart grid initiatives, a rise in the use of renewable energy sources, and a quadrupling of telecom towers. It is anticipated that the market would continue to draw significant expenditures aimed at boosting lead-acid battery output. Market participants are considering greenfield or acquisition projects.
