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U.S. Lead Acid Battery Market Size

Report ID: GMI5683
Published Date: May 2023
Report Format: PDF

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U.S. Lead Acid Battery Market Size

U.S. Lead Acid Battery Market size surpassed USD 10.7 billion in 2022 and is anticipated to register 1.9% CAGR from 2023 to 2032. The demand is set to witness an upsurge owing to its utilization across off-grid power generation and transportation industry.

U.S. Lead Acid Battery Market

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Lead acid battery industry is set to witness an appreciable momentum owing to its increasing applicability across automotive, telecommunications, and power sector. These batteries on account of their cost efficiency, high battery capacity, product reliability and safety have garnered significant predominance for diverse applications. Moreover, the ability of these batteries to offer a competitively priced and paradigm consumer shift toward easily accessible energy storage solution will favor the business scenario.

U.S. Lead Acid Battery Market Report Attributes
Report Attribute	Details
Base Year:	2022
U.S. Lead Acid Battery Market Size in 2022:	USD 10.7 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	1.9%
2032 Value Projection:	USD 12.9 Billion
Historical Data for:	2019 to 2022
No. of Pages:	70
Tables, Charts & Figures:	71
Segments covered:	Power Rating, Fuel, Phase
Growth Drivers:	Robust development of data centers Increasing demand for uninterrupted power supply Flourishing automobile industry
Pitfalls & Challenges:	Surging penetration of lithium-ion batteries

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Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of U.S. lead acid battery exceeded USD 10.7 billion in 2022 and is poised witness 1.9% CAGR during 2023 to 2032 attributed to the rising demand for application across off-grid power generation and transportation sector.

The stationary lead-acid battery segment is estimated to record robust growth from 2023-2032 driven by rising concerns over reliable power quality, resulting in robust adoption of these batteries.

The OEM industry amassed over USD 2 billion in revenue in 2022 and is foreseen to grow at a steady rate till 2032 credited to the rising demand among automobile & stationary applications.

The major industry participants in the U.S. lead acid battery business landscape include Crown Battery Manufacturing Company, C&D Technologies, EXIDE INDUSTRIES, East Penn Manufacturing Co, Clarios, EnerSys, Power Sonic Corporation, Fullriver Battery, Universal Power Group, U.S. Battery Manufacturing Company, MK Battery, and Schumacher Electric Corporation.