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Asia Pacific Flooded Lead Acid Battery Market Trends

Report ID: GMI9460
Published Date: May 2024
Report Format: PDF

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Asia Pacific Flooded Lead Acid Battery Market Trends

Rising investments in off-grid and microgrid power systems especially in remote areas along with increasing demand for backup power solutions in areas susceptible to frequent power interruptions will boost the business opportunities. The flooded lead acid battery industry is set to benefit from a growing demand for energy storage systems coupled with the large-scale integration of renewable energy. There's an increasing emphasis on improving battery recycling processes to reduce environmental impact and meet regulatory standards which will drive the deployment of these products.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific market for flooded lead acid battery was reached USD 42.9 billion in 2023 and will grow at over 2.9% CAGR between 2024 and 2032, driven by expanding automotive sector coupled with the increasing adoption of EVs and hybrid vehicles.

Asia Pacific flooded lead acid battery market from the stationary application segment will surpass USD 14.3 billion by 2023, due to their vital role in providing reliable backup power solutions for various applications, such as telecommunications, data centers, and utilities.

China flooded lead acid battery industry will exceed USD 25 billion by 2032, propelled by robust industrial sector, rapid urbanization, and extensive infrastructure development projects.

C&D Technologies Inc., Contemporary Amperex Technology Co., Limited, East Penn Manufacturing Company, Inc., EnerSys, Exide Industries Limited, Furukawa Battery Co., Ltd., GS Yuasa Corporation, Johnson Controls International, Robert Bosh GmbH, and Trojan Battery Company, among others.