The Lead acid battery is a battery in which the positive electrode is lead dioxide, the negative electrode is sponge lead, the electrolyte is a sulfuric acid aqueous solution, and the separator (diaphragm) uses microporous rubber separator, microporous plastic separator or other materials as per different types of lead batteries. The shell of the Lead acid battery is made of hard rubber, engineering plastic, fiberglass, and other materials. With the popularization and use of electric bicycles, Lead acid batteries have entered the ranks of daily necessities.
In the discharge state of a Lead acid battery, the main component of the positive electrode is lead dioxide, and the negative electrode is lead, whereas, in the charged state, the main components of the positive and negative electrodes are lead sulfate. The lead is very soft. Thus, various additives are added, such as tin, calcium, antimony, and selenium, to add extra mechanical and electrical strength. The sulfuric acid concentration continues to decrease, and the internal resistance of the battery increases. Therefore, the energy density and life of the battery are limited.
Global Lead acid batteries projected to grow with a significant CAGR over the forecast period, 2020-2027. Owing to their mature technology, high safety, high recycling efficiency, applicable temperature bandwidth, stable voltage, right combination consistency, and low price and have distinct market competitive advantages. In the global market, Lead acid batteries occupy a dominant position in the battery market. Moreover, Lead acid batteries play an indispensable and vital role in all economic fields, whether in transportation, communications, power, military or navigation, aviation.
Lead acid batteries are used widely in secondary chemical batteries, especially in applications such as start-up and large-scale energy storage, which are difficult to be replaced by other new batteries for a long time. Compared with other battery metal materials, lead resources are relatively abundant. Lead reserves and recycled lead have a relatively long period of time to ensure the sustainable development of the Lead acid battery industry. A large number of Lead acid batteries used will not cause a shortage of lead resources for a long time.
However, environmental issues will be a crucial factor affecting the future Lead acid battery market. The production process of Lead acid batteries uses heavy metal lead in a large amount. Government sound regulations and effective management, lead emissions from Lead acid battery production account for only 1.5% of total emissions. Additionally, reducing vehicle emissions and improving fuel efficiency will also lead to changes in the automotive Lead acid battery market, which is expected to maintain growth in the forecast years.
The Lead acid battery has high recycling efficiency, which helps in the least emission of lead from the Lead acid battery while disposing of them. The Lead acid battery used in data centers, transportation, military, and many others; thus, it needed to be highly efficient to reduce the chances of replacing it in a shorter period. Therefore, the Lead acid battery is charged in a short interval of time, works for a longer time, and gets recycled.
The Lead acid battery market attains a dominant position in the market owing to its rising demand in various segments that majorly work on Lead acid batteries such as data centers, communication, military, automotive, and others. Along with its sustainability, durability, high bandwidth, and other features. The Lead acid market has managed to maintain its dominant share in the market and will continue to increase in the forecast period.
Based on technology, the global Lead acid Battery market bifurcated into Basic and Advance Lead acid battery. Advance Lead acid batteries will dominate the market in the future. Owing to, cost-effective nature, and with more than 90% of recycling rate and enhanced anode electrode life increases the battery pack and offers fast charging. Thus, it is a significant advantage of advanced Lead acid batteries, as this task is difficult to achieve with basic Lead acid batteries.
Based on Type, the global Lead acid Battery market classified into stationary and motive. The motive Lead acid battery will dominate the market in the forecast period. It is owing to its battery design that provides a steady current over a longer period and to regulate the deep discharge, whereas stationary battery used during emergency backup, lighting, security systems, and railway backup systems. Thus, the demand for the motive battery is more than the SLA battery in the future market.
Based on construction methods, the global Lead acid Battery market bifurcated into Flooded and Valve Regulated Lead-acid. VRLA expected to be the largest market segment in the forecast period. Compared with conventional Lead acid batteries, valve-regulated Lead acid batteries ensure battery life with less maintenance. In the future, due to their various advantages, these batteries may be superior to traditional flooded Lead acid batteries.
Based on end-users, the global Lead acid battery is classified into industrial, Utility, Transportation, Commercial, and Residential. The transportation segment expected to be the largest market in the forecast period from 2020-2027. Reducing vehicle emissions and improving fuel efficiency will also lead to changes in the automotive Lead acid battery market, which is expected to maintain growth in the future period.
Based on geography, the global Lead acid battery classified into North America, Europe, Asia Pacific, South America, Middle East & Africa. The Asia-Pacific region will occupy the largest market share in the forecast period due to the presence of large automotive and manufacturing bases that are driving the market growth. Further, the development of industrialization, along with the shifting population from rural to urban areas and an increase in energy consumption in the region expected to drive market growth over the forecast period.
Companies such as EnerSys, Exide Industries, GS Yuasa, Clarios, Panasonic, Chaowei Power, Narada Power, HBL Power Systems, Crown Battery, NorthStar, Hitachi Chemical, Exide Technologies, Teledyne Technologies, East Penn, Hankook AltasBX, HOPPECKE , C&D Technologies, Rolls Battery, Camel Power, Amara Raja Power System, Xupai Battery, Okaya Power, Leoch International Technology, Harbin Coslight Power and First National Battery and others are the prominent key players in the global Lead acid battery market.