Advanced Lead Acid Battery Market Size & Share, by Type (Motive, Stationary); End User - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 6194
  • Published Date: Nov 15, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Advanced Lead Acid Battery Market size was over USD 27.58 billion in 2024 and is anticipated to cross USD 61.78 billion by 2037, growing at more than 6.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of advanced lead acid battery is estimated at USD 28.99 billion. This growth is driven by the increased fuel efficiency provided by such batteries. Advanced lead-acid batteries provide a fuel efficiency of 80-85% while being significantly priced lower than the other energy-efficient batteries in the market.


Advanced Lead Acid Battery Market Overview
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Advanced Lead Acid Battery Sector: Growth Drivers and Challenges

Growth Drivers

  • Better recyclability - Decomposing advanced lead acid batteries is less intricate when compared to other batteries, including lithium-ion batteries. It has been estimated that approximately 99% of advanced lead-acid batteries are recycled annually. Every part of the battery to utilized and processed to create a whole new battery. Neutralization of the sulphuric acid in the advanced lead batteries is done in one of the two different methods. One method involves using an industry chemical, which is similar to baking soda that converts the acid to water. The other method comprises processing the acid into sodium sulfate, which also finds its applications in dry cleaning and laundry services, glass, and textile manufacture. Another advantage that is expected to push the advanced lead acid battery market in an upward trajectory is that the least amount of energy investment is required to produce a new lead acid battery
  • Proliferating data centers - In these digital times, data centers are the corner store for any business, and any setback in this department may lead to large repercussions. To prevent any power disruptions, and allow the ceaseless working of the data center, the infrastructure relies on advanced lead acid batteries, to back up the power. Providing the benefit of lower energy costs, these batteries can operate even at higher temperatures. It also removes any requirement for persistent repairs, while keeping the whole backup system reliable and safe. There are approximately 11,000 data centers globally, and expanding by the day, that rely on advanced lead acid batteries for a steady function.
  • Increased demands for electric vehicles - Another area of application of advanced lead acid batteries is in electronic vehicles. Amidst the mounting concerns over increased greenhouse gas emissions, and the urgency to find environmentally friendly solutions in automotive, electric vehicles are steadily gaining their market presence. Advanced lead-acid batteries provide a dependable, safe, and powerful replacement to carry the battery’s load, and allow the vehicles to run on electricity, rather than the secondary fuels. Globally, every year nearly 11 million electric vehicles are being sold and this number is only expected to rise in the coming times, leading to further requirements for advanced lead acid batteries.

Challenges

  • Safety concerns - Due to their ability to deliver high-rate electric charge, caution must be exercised when handling these batteries. The toxic gases released when charging these batteries include the emission of hydrogen and oxygen which are highly inflammable and carry an inherent risk of explosion. The sulfuric acid present inside the battery must be dealt with carefully since it carries the peril of physical injury upon bare contact. Additionally, its spillage can extensively damage not just the property but also the environment.
     
  • Limited capacity - Only up to a quarter of the advanced lead acid battery is utilized which severely affects its overall performance. The life cycles of these batteries are limited, and when not maintained well, the battery may be rendered useless within a short period.

Advanced Lead Acid Battery Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

6.4%

Base Year Market Size (2024)

USD 27.58 billion

Forecast Year Market Size (2037)

USD 61.78 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Advanced Lead Acid Battery Segmentation

Type (Motive, Stationary)

Stationary segment is set to account for advanced lead acid battery market share of around 53% by 2037. The factors behind the growth of the segment are the utilization of advanced lead acid batteries in high-priority environments like healthcare, automotive, telecommunications, power supply, etc. Used in coordination with backup energy supplies like inverters and UPS, they facilitate a smooth flow of energy for uninterrupted power supply. They also play an important role in security equipment and renewable energy systems. They also find their application in railway signaling systems to ensure an uninterrupted power supply. Solar photovoltaic cells are used in the areas where grid power is not yet installed. Advanced lead-acid batteries aid in storing the power for the supply of electricity at night to fulfill the energy requirements. These can last for years, support deep discharge, and provide energy-efficient power backup across various industries, to prevent services from coming to a halt. A full charge may take up to 16 hours to provide a substantial backup.

End User (Transportation, Industrial, Commercial, Residential)

In advanced lead acid battery market, transportation segment is estimated to account for revenue share of around 21% by 2037. Advanced lead acid batteries are also utilized in commercial vehicles for reduced fuel consumption and reduction in idling times in the event of a stop. With adequate safety measurements, these batteries may be used to the advantage of durability, power, reduced costs, and self-discharge. Mild hybrid cars employ 12V or 48V advanced lead acid batteries due to the dynamic charge acceptance.  Another aspect to be considered is that there are no supply chain interruptions due to the simplicity of the manufacture of advanced lead acid batteries. Not merely in cars, they are also put to use in electric scooters which is a major preference due to the plethora of environmental factors, and cost efficiency.

Our in-depth analysis of the global market includes the following segments:

            Type

  • Motive
  • Stationary

            End User

  • Transportation
  • Industrial
  • Commercial
  • Residential

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Advanced Lead Acid Industry-Regional Synopsis

APAC Market Statistics

Asia Pacific advanced lead acid battery market is projected to dominate revenue share of over 41% by 2037. The market growth in the region is also expected on account of the rising energy demand due to the population explosion in the area. Governments in this area are campaigning to reduce the detrimental effects of burning fossil fuels and encourage options that are more sustainable and environmentally friendly. There is a surging demand for battery energy storage systems in this area for both public and residential purposes, which serves as a driver for the market in this area.

In China, the demand for advanced lead acid batteries can be substantiated by the presence of nearly 3,000 battery manufacturers to meet its huge demand. There is also a growing demand for telecommunications and making the off-grid power supply available to the population at large. There is a staunch commitment to expanding and strengthening environmentally friendly solutions, with multiple companies investing in the infrastructure to up the production of batteries in this area. It is proving to be a profitable business even in South Korea, due to the growing electrical vehicles industry.

North America Market Analysis

By 2037, North American advanced lead acid battery market is estimated to dominate over 23% revenue share, owing to the recyclability of the batteries. This region has the highest lead acid battery recyclability rate globally. There is a massive demand for these across various sectors like automotive, data centers, and manufacturing. Adoption of electric vehicles is also at an all-time high in this area, which is expected to climb only upwards.

The U.S. has witnessed an uptick in the market due to the various stringent government regulations in force to tackle greenhouse emissions, and designing and developing new solutions to reduce the carbon footprint. The CAGR of the electric vehicles market in the U.S. stands at 9.8% which proves that the advanced lead acid battery market is set to expand further in the upcoming decade. Canada too is witnessing rising awareness amongst the public about the detrimental effects of carbon emissions on the environment. This factor directs the customers towards choosing sustainable energy options.

Research Nester
Advanced Lead Acid Battery Market Share
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Companies Dominating the Advanced Lead Acid Battery Landscape

    With environment preservation becoming the need of the hour, industry leaders are investing in R&D and developing products to meet the growing demands keeping innovation and performance as their objective.

    • Exide Industries
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Clarios
    • Leoch
    • Midac Batteries
    • Hitachi
    • Crown Battery
    • Fiamm
    • Panasonic Holdings Corporation
    • First National Battery
    • Amara Raja

In the News

  • Exide Industries - Exide Industries, post collaborating with Kia and Hyundai, is actively on the lookout for alliances with two-wheeler manufacturers in India. The deal is in regards to the supply of lithium-ion batteries.
  • Clarios - Altris and Clarios have joined hands to develop low-voltage sodium-ion batteries which are supposed to find their applications in electric and hybrid vehicles.

Author Credits:  Dhruv Bhatia


  • Report ID: 6194
  • Published Date: Nov 15, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of advanced lead acid battery is estimated at USD 28.99 billion.

The advanced lead acid battery market size was over USD 27.58 billion in 2024 and is anticipated to cross USD 61.78 billion by 2037, growing at more than 6.4% CAGR during the forecast period i.e., between 2025-2037. The market growth is impelled by increased fuel efficiency provided by such batteries.

Asia Pacific industry is predicted to account for largest revenue share of 41% by 2037, fuelled by high demands for energy in this region due to increasing population, eliminating dependence on fossil fuels.

The major players in the market are Exide Industries, Clarios, Leoch, Hitachi, Fiamm, Crown Battery, Amara Raja, Panasonic Holdings Corporation, and others.
Advanced Lead Acid Battery Market Report Scope
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