Lead Acid Batteries Market Report 2025

The lead acid batteries market size has grown strongly in recent years. It will grow from $27.27 billion in 2024 to $29 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rapid growth in the automotive industry and rising demand for renewable energy.

The lead acid batteries market size is expected to see strong growth in the next few years. It will grow to $36.83 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing demand for electric vehicles and expansion of data center infrastructure. Major trends in the forecast period include development of graphene-enhanced lead acid batteries, use of carbon additives in lead acid battery electrodes, increased focus on valve regulated stationary lead-acid batteries, introduction of battery analyzers for testing lead-acid batteries and strategic partnerships and collaborations among market players.

The increasing demand from the automobile industry has significantly contributed to the growth of the lead-acid batteries market. Enhanced research and development efforts in the automotive lead-acid battery sector, along with government initiatives promoting electric vehicles, are fueling growth in the global automotive market and, consequently, driving the demand for lead-acid batteries. For example, in 2023, the Organisation Internationale des Constructeurs d'Automobiles (OICA), a France-based international association of automobile manufacturers, reported that global vehicle production reached 93,546,599 units in 2023, a substantial increase from the 85,016,728 units produced in 2022. The growing use of lead-acid batteries in electric vehicles and escalating government initiatives to support electric vehicles are expected to further boost demand for lead-acid batteries in the upcoming years.

The rising adoption of electric vehicles (EVs) is anticipated to propel the lead-acid batteries market's growth in the future. EVs utilize one or more electric motors for propulsion, relying on onboard batteries to store all their power. They can be charged through various systems, energy sources, or self-contained batteries. Lead-acid batteries typically serve auxiliary functions in electric vehicles, rather than acting as the primary traction battery. They play a vital role in powering auxiliary systems and components. For instance, the World Economic Forum, a Switzerland-based non-governmental organization, noted in May 2023 that total EV sales reached 10.5 million in 2022, marking a 55% increase compared to 6.7 million in 2021. Additionally, the total EV market share grew from 8.3% in 2021 to 13% in 2022. Thus, the growing adoption of electric vehicles is driving the demand for lead-acid batteries.

The introduction of absorbent glass mat (AGM) technology, representing a lighter, more electrically reliable, and high-performance lead-acid battery variant, is contributing to heightened demand. AGM batteries are favored for upscale motorcycles, offering reduced weight, minimal acid spilling, and excellent performance in cold temperatures. These batteries are gaining traction not only in motorcycles but also in applications such as motor homes, marine vehicles, and robotics. As advancements in lead-acid battery technologies continue, the market is anticipated to experience increased demand.

In August 2022, Schuler AG, a German manufacturing company specializing in presses and battery technology, completed the acquisition of Sovema Group S.p.A. The acquisition positions Schuler to develop the necessary technologies for equipping gigafactories dedicated to mass-producing lithium-ion batteries. The transaction encompasses both the lithium-ion and lead-acid battery divisions of Italy-based Sovema. Sovema Group S.p.A., a battery manufacturing company, operates in both these segments.

In January 2022, Reliance Industries Limited, a conglomerate based in India, acquired Faradion for an undisclosed amount. This acquisition is intended to bolster Reliance Industries' expertise in battery technology, especially in the area of sustainable energy storage. Faradion, a technology company located in the UK, specializes in the production of sodium-ion batteries.

Major companies operating in the lead acid batteries market include Chaowei Power Holdings Limited, GS Yuasa Corporation, Clarios International Inc, EnerSys, East Penn Manufacturing Co, Camel Group Co., Ltd, Zhejiang Narada Power Source Co. Ltd., Leoch International Technology Ltd, Exide Industries Ltd, Panasonic Corporation, Amara Raja Batteries Limited, Guangdong Techfine Electronic Co., Ltd., Kaiying Power Supply & Electrical Equip Co., Ltd., Fujian Jiage Power Tech Co., Ltd., Jujiang Power Technology Co., Ltd., Suzhou Foberria New Energy Technology Co., Ltd., Xiamen Songli Import and Export Co., Ltd., Manbat, AceOn Group, ENIX Energies, Ultracell, AKTEX INC, AKOM JSC, The Ural Plant of Chemical Reagents, SOLARUS ENERGY Ltd, Yuntong Power Co.,Ltd, Krascrystal Co., Ltd, Veaga-Teplo Ltd, C&D Technologies, Inc, CSB Energy Technology Co., Ltd., Koyo Battery Co., Ltd, Astra Otoparts, Robert Bosch GmbH, Stryten Salina, LLC, Industrias Tudor Sp De Bateriais Ltda, Grupo Craft, Acumuladores Moura S.A., Sociedad Química y Minera (SQM) Salar S.A., Baterias Willard S.A., Dubatt Battery Recycling LLC, Sharaf Group, Middle East Battery Company (MEBCO), Seri Industrial S.p.A., Classic Power Batteries Trading LLC, Lento Industries Private Limited, Sunlight Group, E Schnapp Co Works Ltd, Shmuel De-Leon Energy, Ltd., Dixon Batteries, Enertec Batteries Pty Ltd, First National Battery, Renergy Technologies, Sunfor Technologies (PTY) Ltd.

Asia-Pacific was the largest region in the global lead-acid batteries market in 2024. The regions covered in the lead acid batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the lead acid batteries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

Lead-acid batteries, due to their larger size and high energy storage capacity, are commonly employed in various applications such as automobiles, uninterruptible power supply (UPS), telecommunications, and inverters, primarily because of the substantial power supply they can provide.

The primary classifications of lead-acid batteries are stationary and motive. Stationary lead-acid batteries are utilized in conjunction with backup power devices such as inverters or UPS systems, offering essential backup power to the connected equipment. Small capacity SLA batteries find application in devices such as emergency lighting and security equipment. Different technologies employed include Basic Lead Acid Battery and Advanced Lead Acid Battery, which is constructed through the Flooded and Valve Regulated Lead Acid (VRLA) methods. End-users for these batteries span transportation, industrial, residential, and commercial sectors.

The lead-acid batteries market research report is one of a series of new reports that provides lead-acid batteries market statistics, including lead-acid batteries industry global market size, regional shares, competitors with a lead-acid batteries market share, detailed lead-acid batteries market segments, market trends and opportunities, and any further data you may need to thrive in the lead-acid batteries industry. This lead-acid batteries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The lead-acid batteries market consists of sales of sealed and flooded batteries. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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