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Updated on : April 15,

Advanced Lead Acid Battery Market

The advanced lead acid battery market was valued at USD 22.7 billion in and is projected to reach USD 30.7 billion by , growing at a cagr 6.3% from to . Advanced lead acid batteries being a cost-competitive energy storage solution with easy recyclability when compared with lithium-ion batteries, is driving the market growth.

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COVID-19 Impact on the global advanced lead acid battery market

Advanced lead acid battery is used in various end use industries, such as utility, transportation, industries, and commercial & residential. However, due to the pandemic, industries were affected globally. . Workforce shortage, logistical restrictions, material unavailability, and other restrictions have slowed the industry's growth during &#;.  Asia Pacific is a major hub for global advanced lead acid battery manufacturing, and China is among the world&#;s largest advanced lead acid battery manufacturer.  It also is a major supplier of lead acid battery materials and parts. The  COVID-19 pandemic has impacted the supply of advanced lead acid battery and raw materials from the country since January . The global advanced lead acid battery production industry is expected to witness a further decline and significant disruptions in the supply chain if the COVID-19 impact remains.

Advanced Lead Acid Battery Market Dynamics

Driver: Easy recyclable compared to lithium-ion battery

The decomposition process of advanced lead acid batteries is less cumbersome compared to other alternative battery storage systems. The old battery acid, which is generally sulfuric acid, can be handled through two methods. First, the acid is neutralized with an industrial chemical compound equivalent to the household baking soda. This neutralization process turns the acid into water. The water is then cleaned, treated, and tested in a wastewater treatment plant to ensure its compliance with the clean water standards. Second, the acid is processed and converted into another chemical component called sodium sulfate. This is an odorless white powder used as a laundry detergent in the laundry business in glass and textile manufacturing industries. Lead acid batteries are closed-loop recycled, which means that each part of the old battery is processed and recycled into a new battery. It is estimated that about 98% of all advanced lead acid batteries undergo recycling and processing.

Restraints: Safety related to battery usage

Advanced acid batteries, if not handled carefully and correctly, have the potential to cause serious injuries. They can deliver an electric charge at a high rate. The toxic and foul gases released when batteries are charging, including hydrogen (very flammable and easily ignited) and oxygen (supporting combustion), can result in a serious explosion. The sulfuric acid used in a lead acid battery is used as  electrolytes. It is very corrosive and can cause severe injuries if it comes in contact with the skin of the people operating the battery. A spilled electrolyte has tremendous potential to cause significant damage to property and the environment

Opportunity: Expanding data cente infrastructure

There is massive demand for battery storage in data centers. Any power disruptions and inconsistencies in data centers can be crucial. Thus, lead acid batteries mostly cater to the backup power needs of this particular industry. UPS used in this industry are mostly lead acid battery systems.

In the near future, the installation of data centers is expected to increase. According to the United Nations, the amount of data created in the world is increasing exponentially. In , 64.2 zettabytes of data were created, that is a 314% increase from . With the growing amount of data, the data handling capacity is also expected to increase in the years to come. As data centers use lead acid batteries, their demand is expected to increase.

Challenge: Limited usage capacity of lead acid battery

Lead acid batteries are expected to have a low useable capacity.  Typically,  30&#;50% of the rated capacity of a lead acid battery is used. This indicates that a 600 Ah battery bank in daily practice provides only, at the maximum, 300 Ah of actual capacity. If one even occasionally drains the batteries more than this, their life would drastically reduce.

These batteries have a limited life cycle. Even if one goes easy on these batteries and is particularly careful to never over drain these cells, the very best deep-cycle lead acid batteries are typically great for 500&#; 1,000 cycles. If one frequently taps into the battery bank, it  will mean that the batteries, in this case, may need replacement in less than 2 years of use.

Based on type, stationary segment is the fastest growing market during the forecast period

The stationary segment is the second-largest segment in in terms of value. These batteries are used for smooth power integration in solar PV systems, provided that the battery bank has an accurate capacity. Majorly professional stationary batteries are used as a standby power supply in energy, telecommunications, hospitals, and industry. Thus, with growth in the telecom sector and rapid  industrialization in developing countries, the demand for this segment is expected to boost during the forecast period.

Based on construction method, VRLA segment accounted for the largest and fastest market during the forecast period

The VRLA advanced lead acid battery accounted for the largest segment, by construction method in , in terms of value. A VRLA battery is an improved version of a semiconcentric sulfuric acid electrolyte battery. Owing to  its construction, a VRLA battery does not specifically require the addition of water to the cells, regularly and is mostly  termed as no or zero maintenance batteries. VRLA batteries having no maintenance requirement will drive the market for this segment.

Based on end-user, utility segment is the fastest growing market during the forecast period

With increased renewable input and the need to optimize electricity generated from renewables, the energy storage concept is getting more critical. Advanced lead acid batteries are reliable, cost-effective solutions, making battery storage affordable for the utility sector. Thus, growth in power consumption in various countries across the globe is driving the demand for advanced lead acid battery during the forecast period.

Asia Pacific is the largest advanced lead acid battery market in terms of value

Asia  Pacific accounted for the largest share followed by North America, in terms of value, in .   Huge population in this region leads to an increased energy demand. The governments of various countries in this region focus on minimizing the adverse effects of the energy sector on the environment. Thus, it is advisable to store energy in battery systems for fulfilling the energy demand instead of generating energy from burning fossil fuels. These factors lead to the growth in the deployment of battery energy storage systems in residential and public utility applications in Asia Pacific and thus drives the market for advanced lead acid batteries.

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Advanced Lead Acid Battery Market Players

Major companies in the advanced lead acid battery market include Enersys (US), Exide Industries Ltd. (India), GS Yuasa International Ltd. (Japan), Clarios (US), and Leoch International Technology Limited Inc (China), among others. A total of 25 major players have been covered. These players have adopted expansions, agreements, acquisitions, partnerships, new product launches, and new product developments as the major strategies to consolidate their position in the market.

Advanced Lead Acid Battery Market Report Scope

Report Metric

Details

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Market Size Available for Years

&#;

Base Year Considered

Forecast Period

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Forecast Units

Value (USD Billion)

Segments Covered

Type, Construction Method, End-User, and Region

Geographies Covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies Covered

The major market players include Enersys (US), Exide Industries Ltd. (India), GS Yuasa International Ltd. (Japan), Clarios (US), and Leoch International Technology Limited Inc (China)
(Total of 25 companies)

This research report categorizes the advanced lead acid battery market based on  Type, Construction Method, End-User, and  Region.

Based on Type, the advanced lead acid battery market has been segmented as follows:

• Stationary
• Motive

Based on Construction Method, the advanced lead acid battery market has been segmented as follows:

• Flooded
• VRLA (Valve Regulated Lead Acid battery)

Based on End-User, the advanced lead acid battery market has been segmented as follows:

• Utility
• Transportation
• Industrial
• Commercial & Residential

Based on Region, the advanced lead acid battery market has been segmented as follows:

• Asia Pacific
• North America
• Europe
• Middle East & Africa 
• South America

Recent Developments

• In January , Kolkata Discom CESC and Exide partnered on a grid-connected 315 kWh battery energy storage systems (BESS) at low tension (LT) distribution system. This development enabled better peak load control. The initiative is the first of its sort on this scale in West Bengal. The newly inaugurated BESS is located at CESC&#;s East Calcutta Substation near Kankurgachi, Kolkata
• In July , EnerSys collaborated with Blink Charging Co., one of the providers of electric vehicle (EV) charging equipment and services. This collaboration enabled the development of high-power wireless and enhanced DC fast charging (DCFC) systems with integrated battery storage for the transportation market.
• In June , EnerSys invested over USD 100 million in new capital over the next three years to expand its Thin Plate Pure Lead (TPPL) capacity, with an expected 15% increase. These two initiatives  improved TPPL capacity by more than USD 500 million per year when combined.

Frequently Asked Questions (FAQ):

What is the current size of the global advanced lead acid battery market?

The advanced lead acid battery market is projected to grow from USD 22.7 billion in to USD 30.7 billion by , at a CAGR of 6.3% during the forecast period.

Who are the leading players in the global advanced lead acid battery market?

Some of the key players operating in the advanced lead acid battery market are Enersys (US), Exide Industries Ltd. (India), GS Yuasa International Ltd. (Japan), Clarios (US), and Leoch International Technology Limited Inc (China), among others. .

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