Lead Acid Battery Market

Lead Acid Battery Market Analysis by Flooded, Gel, and AGM for Transportation, Motive Industrial, Stationary Industrial, Commercial, Residential, and Grid Storage from 2023 to 2033

Analysis of Lead Acid Battery Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Lead Acid Battery Market Growth Outlook for 2023 to 2033

As of 2023, worldwide shipments of lead acid batteries account for a market valuation of US$ 57.1 billion and are estimated to reach US$ 96.5 billion by the end of 2033.

This latest Fact.MR research report predicts the global lead acid battery market is to exhibit expansion at 5.3% CAGR over the next ten years.

Batteries have been playing a crucial role in promoting digitization and the electrification of infrastructure around the world is also projected to bolster the demand for different types of batteries over the coming years. Lead acid battery is the first kind of rechargeable battery ever created and has been around for over 100 years.

Automotive lead acid batteries are highly popular and are still used in the automotive industry on a large scale. However, the surging popularity of li-ion batteries in automotive applications is expected to hamper sales of lead acid batteries across the forecast period.

Surging use of consumer electronics and the growing need for an uninterrupted power supply are also estimated to favour growth potential in the long run. Valve-regulated lead acid (VRLA) batteries and sealed lead acid batteries are forecasted to witness high demand in the future.

Increasing demand for grid storage facilities and data centers around the world is also anticipated to favour sales of lead acid batteries over the next ten years. The growing use of batteries in the telecom industry, supportive government initiatives to promote R&D in battery technology, the establishment of new renewable energy plants, and increasing investments in creating a sustainable energy infrastructure are other factors that could alter lead acid battery sales through 2033.

On the flip side, the limited use capacity of lead acid batteries is expected to be a major restraint for market development throughout the forecast period. The growing availability of novel alternative battery technologies and the development of new advanced batteries are projected to hamper shipments of lead acid batteries in the long run.

  • Offgrid Energy Labs, a start-up incubated by IIT Kanpur, has invented a new type of battery chemistry called ZincGel. These batteries are made from Zinc and other materials that are easily available in India and are non-toxic in nature.

Report Attributes


Lead Acid Battery Market Size in 2023

US$ 57.1 Billion

Projected Market Value (2033F)

US$ 96.5 Billion

Global Market Growth Rate (2023 to 2033)

5.3% CAGR

Market Share of Asia Pacific (2022)


Key Companies Profiled

  • Furukawa Electric Co. Ltd.
  • Hoppecke Batterien GmbH & Co. KG
  • Exide Industries Ltd.
  • Yokohama Batteries Sdn. Bhd
  • Camel Group Co. Ltd.
  • Enersys
  • SiteTel Sweden AB (NorthStar)
  • Narada Power Source Co. Ltd.
  • East Penn Manufacturing Co.
  • GS Yuasa Corporation
  • Coslight Technology International Group Co. Ltd.
  • Leoch International Technology Ltd.
  • Hitachi Chemical Company Ltd.
  • C&D Technologies Inc.
  • Zhangzhou Hauwei Power Supply Technology Co. Ltd.

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How Can New Companies Achieve Recognition in the Industry?

“Development of Novel Battery Technology – Focal Point for Start-ups”

Lead acid batteries have been around for a while now and are long overdue for an upgrade, which has created a highly opportune start-up scenario for incoming lead acid battery manufacturers. Here’s an example of how impactful one start-up with the right research and development approach can revolutionize the battery industry.

  • Gridtential Energy, a Silicon Valley-based start-up, has been leading the charge when it comes to innovation in lead acid batteries. The company has been raising new capital and collaborating with different organizations to develop advanced lead acid batteries for different use cases.
  • In May 2021, Gridtential announced that it had raised US$ 12 million to develop the world’s first 24V single-block, deep-cycle lead acid battery. The gravimetric energy density of this battery was 40 Wh per kg and its cycling temperature range was between - 30 and 50 degree Celsius.
  • In June 2020, Gridtential collaborated with Amara Raja Batteries, a leading battery manufacturer in India, to assemble and test Silicon Joule bipolar reference batteries. These batteries were expected to be 40% lighter in weight and have a better life cycle as compared to conventional lead acid batteries.

Expanding demand for lead acid battery recycling and electric vehicle battery packs are also expected to be areas of interest for upcoming lead acid battery companies over the next ten years. This latest lead acid battery market research report by Fact.MR, a market research and competitive intelligence provider, extensively discusses more start-ups and how they influence factors such as local supply, pricing trends, and safety regulations on a global and regional level.

Lead acid battery market size, share, demand, trends and sales forecast by Fact.MR

Country-wise Insights

Why Should Lead Acid Battery Manufacturers Target Japan?

“Launch of New Battery Energy Storage Projects to Attract Investments”

Japan is a leading market for renewable energy owing to the launch of new renewable energy plants and projects for battery grid storage. The increasing renewable energy installed capacity of the country points toward a bright demand outlook for novel battery technologies going forward.

  • Kansai Electric Power and financial services company Orix recently revealed their plans to build a 48MW energy storage plant in the Wakayama prefecture of Western Japan. This plant will utilize storage batteries to connect to power grids and is expected to witness the start of operation in April 2024.

Increasing demand for batteries in the automotive industry, the growing popularity of electric vehicles, and increasing investments in the development of advanced battery chemistries are other prospects that could augment demand for lead acid batteries and other types of batteries in Japan throughout the forecast period. Supportive government initiatives and subsidies to bolster the battery supply chain in Japan are also expected to boost lead acid battery sales going forward.

  • In February 2023, the government of Japan announced that it would be providing subsidies to businesses to promote the establishment of lithium-ion battery production facilities. It was estimated that the government would allocate around US$ 2.6 billion for this purpose and start the distribution of these subsidies in late April 2023.

How Does This Report Define Lead Acid Battery Demand in Europe?

“Growing Demand for Grid Storage in Renewable Energy Infrastructure”

European countries have been leading the world in terms of renewable energy adoption and this is what makes Europe an opportune space for lead acid battery providers. European countries such as Germany, France, Sweden, and the United Kingdom are focusing on reducing their carbon footprint by adopting renewable energy sources, which is projected to bolster sales of lead acid batteries and other types of batteries in the future.

Lead acid batteries are being extensively used in grid storage applications, which is expected to be the major application in this region. Moreover, the increasing establishment of data centers in the European region is also anticipated to uplift lead acid battery shipments across the forecast period and beyond.

  • In March 2023, InMotion Hosting, a leading name in the premium web hosting industry, announced the opening of its first data center in the European region. The new data center is located in Amsterdam, Netherlands, and is three-story high.

What Makes the United States a Prominent Market for Lead Acid Batteries?

“High Demand for Uninterrupted Power Supply”

Lead acid batteries are extensively used in UPS systems as they have a good storage capacity and are capable of operating on partial charge as well. Growing demand for uninterrupted power supply from various industry verticals such as chemical, oil and gas, healthcare, etc. is estimated to promulgate sales of lead acid batteries in the United States over the next ten years.

The presence of key automotive manufacturers in the country is also expected to provide appealing business opportunities for lead acid battery vendors in the future. Increasing investments in the development of electric vehicle charging infrastructure could also favor market development in the country going forward.

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Category-wise Insights

What Type of Batteries Account for Higher Sales?

“Flooded Lead Acid Batteries Account for Commanding Market Share”

Based on product type, the lead acid battery market is segmented into flooded, gel, and AGM (absorbent glass mat).

Flooded lead acid batteries are most common and used extensively in the Asia Pacific and Europe region. Flooded batteries have high backup power capacity and can also be used when charged partially, which are prime factors contributing to the high share of flooded batteries.

The availability of flooded batteries in various shapes and sizes makes them an ideal choice for a multitude of applications across several industry verticals. The surging use of flooded batteries in commercial and residential applications is anticipated to influentially augment demand growth over the next ten years.

Competitive Landscape

Leading lead acid battery companies are investing heavily in the research and development of novel battery technologies and acquiring new patents to gain a competitive edge over other market players.

  • In June 2022, Mesha Energy Solutions Pvt. Ltd. announced that it had acquired a patent from the government of India for its battery performance technology. The new patented technology was intended to be used by all types of manufacturers including lithium-ion, lead acid, sodium-ion, etc.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Key Segments of Lead Acid Battery Industry Research

  • By Application :

    • Transportation
      • OEM Transportation
        • PCs
        • LCVs
        • HCVs
        • Two Wheelers
        • Others
      • Aftermarket Transportation
        • PCs
        • LCVs
        • HCVs
        • Two Wheelers
        • Others
    • Motive Industrial
      • OEM Motive Industrial
      • Aftermarket Motive Industrial
    • Stationary Industrial
      • OEM Stationary Industrial
      • Aftermarket Stationary Industrial
    • Commercial
      • OEM Commercial
      • Aftermarket Commercial
    • Residential
      • OEM Residential
      • Aftermarket Residential
    • Grid Storage
      • OEM Grid Storage
      • Aftermarket Grid Storage
    • Others
      • OEMs
      • Aftermarket
  • By Product Type :

    • Flooded
    • AGM (Absorbent Glass Mat)
    • Gel
  • By Region :

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

- FAQs -

What is the current size of the lead acid battery market?

The global lead acid battery market stands at a value of US$ 57.1 billion in 2023.

How big will the lead acid battery market be in the future?

Sales of lead acid batteries are set to secure a market valuation of US$ 96.5 billion by 2033-end.

What is the predicted lead acid battery market growth?

Worldwide lead acid battery shipments are predicted to rise at 5.3% CAGR through 2033.

What are the major drivers of the lead acid battery market?

Expansion of the telecom sector, growing demand for energy storage, and advancements in battery technology are key market drivers.

Who are the key manufacturers of lead acid batteries?

Furukawa Electric Co. Ltd., Hoppecke Batterien GmbH & Co. KG, Yokohama Batteries Sdn. Bhd, Enersys, and Exide Industries Ltd. are leading manufacturers of lead acid batteries.

Lead Acid Battery Market