Asia Pacific Lead Acid Battery Market Size - By Application (Stationary {Telecommunications, UPS, Control & Switchgear}, Motive, SLI {Automobiles, Motorcycles}), By Construction (Flooded, VRLA {AGM, GEL}), By Sales Channel (OEM, Aftermarket) & Forecast, 2023 – 2032

Asia Pacific Lead Acid Battery Market Size

Asia Pacific Lead Acid Battery Market size was valued at USD 41.9 billion in 2022 and is estimated to expand at 3.2% CAGR between 2023 and 2032. A lead acid battery is a rechargeable battery variant comprising two electrodes immersed in an electrolyte composed of sulfuric acid. The positive electrode consists of fine particles of metallic lead oxide, while the negative electrode is connected to a lattice structure made of metallic lead. These batteries are known for their reliability and are commonly used in various applications.
 

The technology offers key benefits including cost efficiency, high battery capacity, product reliability and safety, accelerating the industry potential. Moreover, the ability of these batteries to offer a competitively priced and easily accessible energy storage solution for a broad array of applications will favor the business scenario.

COVID– 19 Impact

The COVID- 19 pandemic triggered a significant surge in the adoption of digital commerce, smart devices, and IoT technology. This trend is expected to persist due to the prevalence of tech-savvy consumers. The rapid shift towards digitalization is projected to lead to a substantial increase in data generation and the growth of data center infrastructure. This expansion of data center capacity will drive the utilization of lead acid batteries in this sector, thereby bolstering the industry's prospects.
 

Asia Pacific Lead Acid Battery Market Trends

Ongoing cost associated implementations will lead significant decline in the cost of batteries over the coming years and battery energy storage become more competitive when compared to its available counterparts. This further offers cost savings by avoiding over capacity in the system and by reducing the need for grid infrastructure investment. Increasing need for continuous & reliable power driven by the ever-expanding arena of internet and information technology will create a favorable business opportunity lead acid battery market.
 

Asia Pacific Lead Acid Battery Market Analysis

The VRLA battery market size will witness growth rate of 3.4% through 2032. Reduced electrolyte evaporation, spillage and higher resistance to temperature are some of the key underlying factors which has fueled the product adoption. In addition, ability to withstand shock and vibration also makes them suitable for wide tandem of applications. These units provide improved installation & maintenance costs, energy density and safety when compared with conventional flooded units, stimulating the business growth.
 

The stationary application held approximately 60% share of the Asia Pacific lead acid battery market in 2022. Paradigm shift toward reliable power quality driven by the ever-increasing dependency on electronics will positively impact the business landscape. Moreover, increasing foreign direct investment, primarily across the developing economies is facilitating the development of infrastructure and capital equipment which in turn will propel the industry outlook.

The aftermarket lead acid battery market is set to surpass USD 40 billion by 2032. These units have a relatively limited lifespan, and they need replacement over time. The aftermarket for lead-acid batteries benefits from the constant demand for replacements in various applications, including automotive, industrial, and standby power.
 

The China lead acid battery was valued at over USD 17.8 billion in 2022. The industry will witness an appreciable momentum on account of increasing production of automobiles and surging focus toward reliable & efficient power supply. Furthermore, the increasing demand from telecommunication, UPS, inverters, and controls & switchgears amongst others will boost the adoption of high-capacity batteries. Additionally, the ability of these units to deliver a competitively priced and easily accessible energy storage solution for a broad array of applications will fuel the product penetration.
 

Asia Pacific Lead Acid Battery Market Share

Major key players operating across the Asia Pacific lead acid battery market include

• Clarios
• GS Yuasa International Ltd.
• East Penn Manufacturing Company
• C&D Technologies Inc.
• Leoch International Technology Limited Inc.
• Zibo Torch Energy Co. Ltd.
• B.B. Battery
• HOPPECKE Battery GmbH & Co.
• Furukawa Battery Co., Ltd.
• First National Battery
• Chaowei Power Holdings Limited
• Middle East Battery Company
• EnerSys
• Exide Industries Limited
• MUTLU
• Amara Raja Group
• Crown Battery
• Narada Asia Pacific Pte. Ltd.
• A123 Systems
• LLC
• HBL Power System
• Okaya Power Pvt. Ltd
• Luminous
   

Asia Pacific Lead Acid Battery Market News

• In July 2022, C & D Technologies has unveiled Pure Lead Plus, an innovative VRLA battery designed for essential data center applications. This product is set to deliver a 40% reduction in replacement costs and double the life expectancy from 10 to 20 years. Furthermore, it incorporates the patented MES technology model, which not only reduces the battery rack footprint by 28% but also ensures that 98% of the battery is recyclable.
   
• In February 2022, HOPPECKE Batteries GmbH has recently inaugurated a state-of-the-art production facility for Xtreme VR pure lead batteries. This strategic move is part of the company's growth strategy, aimed at expanding its market presence by introducing the Xtreme series batteries tailored for data center and telecom applications. This initiative will not only enhance the company's position in the regional market but also fortify its lead acid battery product lineup.
   

This Asia Pacific lead acid battery market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD” from 2019 to 2032, for the following segments:

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By Application

• Stationary
  • Telecommunications
  • UPS
  • Control & Switchgear
  • Others
• Motive
• SLI
  • Automobiles
  • Motorcycles

By Construction

• Flooded
• VRLA
  • AGM
  • GEL

By Sales Channel

• OEM
• Aftermarket

The above information has been provided for the following countries:

• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Malaysia
• Thailand
• Philippines
• Vietnam
• Singapore