The global lead-acid battery market size is expected to reach USD 56.56 billion by 2030 according to a new study by Polaris Market Research. The report “Lead-acid Battery Market Share, Size, Trends, Industry Analysis Report, By Application (Stationary, Motive, SLI); By Construction (Flooded, VRLA); By Sales Channel (OEM, Aftermarket); By End-Use; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing demand for telecommunication and data center applications is the factor that is driving the industry growth during the forecast period. The telecom business is one of the areas that has seen enormous year-over-year expansion. Even amid a recession, the telecommunications industry is one of the few areas that has seen rapid technological advancement and progress.
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To capitalize on the increasingly obvious possibilities for increased income-generating streams, the leading telecom players in the industry continue to engage in the expansion and improvement of their procedures and operations. The wireless telecom business is predicted to continue serving as the key support source for the broader technology world due to various breakthroughs in communication technologies and increased device interconnectivity.
Further, the expanding subscriber base in India over the previous decade has been attributed to a rising population, the age of digitization, and the debut of 4G services, and it is expected to continue to increase further with the planned rollout of 5G services across the globe.
SLI segment accounted for the leading share in the global industry. The key benefit of SLI batteries is their long cycle life and reduced vehicle weight. Many small and inexpensive ICE vehicles are predicted to increase demand for SLI batteries, particularly in developing nations like India, Indonesia, and China. This is due to a lack of stringent regulatory concerns regarding the use of automotive batteries and CO2 emission penalties.
Major players such as Narada Power Source Co. Ltd., C&D Technologies, Inc., Chaowei Power Holdings Limited., Clarios, East Penn Manufacturing Co., B. B. Battery Camel Group Co., Ltd., Crown Battery Corporation, Enersys, Exide Industries Ltd., Furukawa Electric Co., Ltd., GS Yuasa Corporation, Leoch International Technology Ltd., Shandong Sacred Sun Power Sources Co. Ltd., and Yokohama Batteries Sdn. Bhd. are some key players operating in the global industry.
In September 2021, Birla Carbon, a maker of carbon black, confirmed its introduction into the energy systems sector. Birla Carbon's new conduction carbons portfolio is aimed at the lithium-ion and lead-acid battery sectors, allowing for composition and performance customization in several sectors such as automotive, telecoms, the motive force, energy storage systems, and e-bikes.
Polaris Market Research has segmented the lead-acid battery market report based on product, construction, end-use, sales channel, and region:
Lead-acid Battery, Product Outlook (Revenue - USD Billion, 2018 - 2030)
Lead-acid Battery, Construction Outlook (Revenue - USD Billion, 2018 - 2030)
Lead-acid Battery, Sales Channel Outlook (Revenue - USD Billion, 2018 - 2030)
Lead-acid Battery, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Lead-acid Battery, Regional Outlook (Revenue - USD Billion, 2018 - 2030)