The global automotive lead acid battery market is driven by several factors, including the increasing demand for automobiles, particularly electric and hybrid vehicles, as well as the rising need for reliable power sources for various applications such as backup power for hospitals, data centers, and telecom towers. Additionally, the market is propelled by technological advancements in the field of lead acid batteries, such as the development of valve regulated lead acid (VRLA) batteries, which offer improved safety and maintenance-free operation. However, the market is also challenged by factors such as the growing popularity of alternative energy storage technologies, including lithium-ion batteries, as well as concerns related to environmental sustainability and the disposal of lead acid batteries. Nevertheless, the market is expected to continue its growth trajectory in the coming years, driven by the expanding automotive industry and the increasing demand for reliable power sources in various sectors.
The global Automotive Lead Acid Battery Market was valued at US$ 17,456.70 Mn in 2021 and is expected to reach US$ 25,871.30 Mn by 2030, growing at a CAGR of 5.3% between 2022 and 2030.
Leading Companies in the Automotive Lead Acid Battery Industry:
1. Exide Technologies
Exide Technologies was founded in 1888 and is headquartered in Milton, Georgia, United States. Exide Technologies operates in more than 80 countries and is a leading provider of stored energy solutions, including batteries and power storage systems. In 2020, the company announced a strategic agreement with EDP Renewables North America to deploy energy storage systems using Exide's advanced lead-acid battery technology in California.
2. Enersys Inc.
Enersys Inc. was founded in 1888 and is headquartered in Reading, Pennsylvania, United States. Enersys Inc. operates in more than 100 countries and is a leading provider of industrial batteries, power storage solutions, and energy systems. In 2020, the company announced the launch of its new line of high-performance automotive batteries, the ODYSSEY Performance Series.
3. FIAMM S.p.A
FIAMM S.p.A was founded in 1942 and is headquartered in Flero, Italy. FIAMM S.p.A operates in more than 60 countries and is a leading manufacturer of batteries and horns for various applications, including automotive, industrial, and marine. In 2020, the company announced a collaboration with Japanese automaker Suzuki to develop and supply batteries for its hybrid and electric vehicles.
4. Johnson Controls Inc.
Johnson Controls Inc. was founded in 1885 and is headquartered in Cork, Ireland. Johnson Controls Inc. operates in more than 150 countries and is a leading provider of energy storage solutions, including automotive batteries, hybrid and electric vehicle batteries, and renewable energy storage systems. In 2020, the company announced a new partnership with Toshiba to develop and manufacture lithium-ion batteries for electric vehicles.
5. Exide Industries
Exide Industries was founded in 1947 and is headquartered in Kolkata, India. Exide Industries operates in more than 50 countries and is a leading manufacturer of lead-acid batteries for various applications, including automotive, industrial, and home backup power.
6. GS Yuasa Corporation
GS Yuasa Corporation was founded in 1917 and is headquartered in Kyoto, Japan. GS Yuasa Corporation operates in more than 20 countries and is a leading manufacturer of batteries for various applications, including automotive, industrial, and aerospace.
7. CSB Battery Technologies
CSB Battery Technologies was founded in 1986 and is headquartered in Taipei, Taiwan. CSB Battery Technologies operates in more than 100 countries and is a leading manufacturer of sealed lead-acid batteries for various applications, including UPS, telecom, and security systems. In 2020, the company announced the launch of its new AGM battery, the XHRL12330W, designed for use in hybrid and electric vehicles.
8. Panasonic Corporation
Panasonic Corporation was founded in 1918 and is headquartered in Osaka, Japan. Panasonic Corporation operates in more than 160 countries and is a leading manufacturer of batteries and energy storage systems for various applications, including automotive, home, and industrial use. In 2020, the company announced the development of a new high-capacity lithium-ion battery for electric vehicles, which it plans to begin mass-producing in 2021.
9. East Penn Manufacturing Company
East Penn Manufacturing Company was founded in 1946 and is headquartered in Lyon Station, Pennsylvania, United States. East Penn Manufacturing Company operates in more than 90 countries and is a leading manufacturer of lead-acid batteries for various applications, including automotive, marine, and industrial use. In 2020, the company announced a new partnership with German automotive supplier Continental to develop and produce batteries for hybrid and electric vehicles.
10. Leoch International Technology Limited
Leoch International Technology Limited was founded in 1999 and is headquartered in Hong Kong, China. Leoch International Technology Limited operates in more than 100 countries and is a leading manufacturer of lead-acid and lithium-ion batteries for various applications, including automotive, industrial, and renewable energy storage. In 2020, the company announced plans to expand its production capacity for lithium-ion batteries to meet increasing demand for electric vehicles.
*Definition- An automotive lead acid battery is a type of rechargeable battery used to power the electrical systems of a vehicle. It consists of lead plates and an electrolyte solution, and is designed to provide reliable and long-lasting power for various automotive applications.
