The Business Research Company’s report on the Advanced Lead Acid Battery Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
#How have key drivers contributed to the rapid growth of the advanced lead acid battery market?
The rise in the number of fuel-efficiency vehicles is expected to propel the growth of the advanced lead-acid batteries market going forward. Fuel efficiency in vehicles refers to the distance traveled per unit of fuel consumed, typically measured in miles per gallon (mpg). Advanced lead-acid batteries play a critical role in supporting the car’s electrical network, powering vehicle applications when the high-voltage system is disengaged, and safely initializing the high-voltage battery. For instance, in June 2024, according to the U.S. Department of Transportation, a US-based government department, new fuel economy standards will save Americans over $23 billion in fuel costs. The standards will raise vehicle fuel efficiency by 2% annually for passenger cars (2027-2031) and light trucks (2029-2031), targeting 50.4 miles per gallon by 2031 . Therefore, the rise in the number of fuel-efficiency vehicles is driving the advanced lead-acid batteries market.
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How has the advanced lead acid battery market size evolved, and what are the latest forecasts for its expansion?
The advanced lead acid battery market size has grown strongly in recent years. It will grow from$26.15 billion in 2024 to $28.52 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to automotive industry demand, telecommunication infrastructure growth, ups (uninterruptible power supply) systems, grid energy storage projects, demand from industrial applications
The advanced lead acid battery market size is expected to see strong growth in the next few years. It will grow to “$40.16 billion in 2029 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to development of smart grids, growing telecom sector, rise in renewable energy installations, expanding e-mobility market, focus on energy storage systems. Major trends in the forecast period include advancements in battery technology, government initiatives for energy storage, enhanced energy density, advanced electrode designs, integration of carbon additives.
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Which major companies dominate the advanced lead acid battery market?
Major companies operating in the advanced lead acid battery market include Exide Industries Ltd., GS Yuasa International Ltd., Clarios, Amara Raja Group, Chaowei Power Holdings Ltd., Coslight Technology International Group Co. Ltd., Crown Battery, East Penn Manufacturing Company, The Furukawa Battery Co. Ltd., Zhejiang Narada Power Source Co. Ltd., Trojan Battery Company, Tianneng Battery Group Co. Ltd., CSB Energy Technology Co. Ltd., Fiamm Energy Technology S.P.A., Banner Batterien Ltd., First National Battery, Camel Group Co. Ltd., Enersys, Leoch International Technology Limited Inc., C&D Technologies Inc., KOYO BATTERY CO. Ltd., PT. Astra Otoparts Tbk, Robert Bosch GmbH, Thai Bellco Battery Co. Ltd., HOPPECKE Batterien, Hitachi Chemical Energy Technology, Blackridge Research & Consulting, Panasonic Holdings Corporation, Midac Batteries SpA
What trends will shape the future of the advanced biofuels market?
Major companies in the advanced lead-acid battery market are focusing on developing pure lead technology and valve-regulated lead-acid (VRLA) technology to reduce the risk of leaks. Pure lead technology utilizes high-purity lead in battery plates, enhancing performance by reducing internal resistance and corrosion, which leads to longer battery life and improved efficiency. VRLA technology involves sealed lead-acid batteries that do not require regular maintenance, designed to recombine gases generated during charging and minimize electrolyte loss. For instance, in May 2023, C&D Technologies, a US-based technology company, launched the pure lead max (PLM) VRLA battery, a high-performance energy storage solution specifically designed for uninterruptible power supply (UPS) systems, particularly suited for the demanding conditions of data centers. It employs advanced pure lead technology along with a distinctive catalyst design, which enhances its performance and lifespan while featuring an industry-leading eight-year warranty. This innovative design not only prolongs the battery’s operational life but also significantly diminishes resistance and corrosion, resulting in a reduced total cost of ownership for UPS applications. Additionally, the PLM battery prioritizes sustainability, utilizing up to 80% recycled materials and being 98% recyclable.
Which region dominates the advanced lead acid battery market, and what factors contribute to its leadership?
Asia-Pacific was the largest region in the Advanced Lead Acid Battery market in 2024. The regions covered in the advanced lead acid battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How is the advanced lead acid battery market segmented, and which segment holds the largest share?
The advanced lead acid battery market covered in this report is segmented –
1) By Type: Stationary, Motive
2) By Construction Method: Flooded, VRLA (Valve Regulated Lead Acid battery)
3) By End-User: Utility, Transportation, Industrial, Commercial And Residential
Subsegments:
1) By Stationary: Telecom Applications, Renewable Energy Storage, Uninterruptible Power Supply (UPS), Grid Storage, Other Stationary Applications
2) By Motive: Forklifts, Electric Vehicles (EVs), Golf Carts, Marine Applications, Other Motive Applications
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How is the advanced lead acid battery market defined?
Advanced lead-acid batteries are an upgraded variant of ordinary lead-acid batteries used for a variety of purposes. These are used in a wide range of applications, including small-scale power storage like UPS systems, starting lighting, and ignition power sources for autos.
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