Lead acid batteries are cheap, tolerant to overcharging, have capacity to carry high current and is widely available in varied sizes and specification. The yare recyclable and the rate of recycling is more than 90% in couple of countries. all these attractive features had increased the demand of it in various sectors as chemical, manufacturing, mining, oil and gas, telecom sector and automotive sector.
The more compatible competitor of the lead acid batteries are Lithium-ion batteries which hare easily monitored by Battery Management Systems, consume less energy to charge and are environmentally safe. The demand for the lithium-ion batteries is restraining the global lead acid battery market.
According to Coherent Market Insight, the global Lead Acid Battery was valued at US$ 47.5 Bn in 2021 and is expected to grow US$ 94.5 Bn by 2030, growing CAGR of 8.2% between 2022 and 2030.
Leading Companies in the Lead Acid Battery Industry:
1. Johnson Controls
Johnson Controls International plc was incorporated in 1885 and is headquartered in Cork, Ireland. Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products. On November 2018, Johnson Controls International plc announced a definitive agreement to sell its cell battery, Power Solutions business to Brookfield Business Partners.
2. Exide Technologies
The Exide Technologies was founded in 1888, headquartered at Milton, Georgia, U.S. In 2018, Exide acquired Aker Wade Technologies, which design and manufactures advanced charging systems for industrial forklifts. This addition to Exide GNB industrial power battery will provide best in class total power solutions to the motive power industry.
3. East Penn Manufacturing Co
The company was founded in 1946, headquartered in Pennsylvania, U.S. in October 2022, East Penn Achieves Ford Q1 Status East Penn Manufacturing Co. has been recognized by Ford Motor Company as a Q1 level supplier. In December 2022, Company introduced a unique and exclusive fully-integrated charging system designed specifically for all Deka motive power batteries — lead and lithium. Engineered to meet the 24/7 needs of today’s material handling fleets, the Deka PowerForce offers a highly efficient modular space-saving design, providing more runtime for your fleet.
4. Crown Battery Manufacturing Company
Crown Battery started operations in 1926 as a supplier of lead batteries for cars. The company now delivers power on six continents, in applications ranging from material handling and heavy-duty commercial, to mining, electric vehicles, and renewable energy. The company is headquartered in Fremont, Ohio.
5. C&D Technologies INC.
C&D Technologies, Inc. produces integrated reserve power systems. The Company offers embedded high frequency switching power supplies for use in telecommunications equipment, office electronics, computer systems, and motive power systems. On June 2022, C&D Technologies announced the launch of a Pure Lead Plus® VRLA battery to improve backup power for critical data-center applications. The batteries optimize data center performance while reducing overall operating costs. The company is headquartered in Pennsylvania, U.S. and founded in 1906.
6. GS Yuasa Company
GS Yuasa Corporation engages in the manufacture and sale of batteries, power supplies, lighting equipment, and other battery and electrical equipment in Japan, the rest of Asia, North America, Europe, and internationally. GS Yuasa Corporation was incorporated in 2004 and is headquartered in Kyoto, Japan. In May 2021, GS Yuasa Corporation announced that, the Company’s consolidated subsidiary, GS Yuasa International Ltd., has completed acquisition of all of the shares of Sanken Densetsu Co., Ltd., to further enhance its competitive edge and achieve sustainable growth through the integration of the technological and R&D capabilities.
7. Leoch International Technology Ltd
The company was founded in 1999 and is headquartered in Shenzhen, the People's Republic of China. Leoch International Technology Limited, an investment holding company, researches and develops, manufactures, and sells lead acid batteries under the LEOCH brand name in the People's Republic of China, Europe, the Middle East, Africa, the Americas, and Asia-Pacific region. Leoch, one of the largest battery manufacturers in the world, has announced the acquisition of a 100 per cent stake in DBS Leoch.
8. Chaowei Power Holdings Limited
Chaowei Power Holdings Limited was founded in 1998 and is headquartered in Changxing, the People's Republic of China. Chaowei Power Holdings Limited, together with its subsidiaries, manufactures and sells lead-acid motive batteries, lithium-ion batteries, and other related products for use in electric bikes, electric tricycles, and special-purpose electric vehicles in the People's Republic of China.
9. Camel Group Col fork
Camel Group Co., Ltd. engages in the research and development, production, sale, and recycling of lead acid batteries in Asia. The company produces traction, winding, Huazhong, DF, and swan battery series. Its products are used in automobiles, agricultural vehicles, ships, forklifts, golf carts, electric vehicles, industrial, and various special purposes vehicles. Camel Group Co., Ltd. was founded in 1980 and is headquartered in Xiangyang, China. On April 2022, Gridtential Energy, the inventor of Silicon Joule® bipole battery technology, announced a product development agreement with Camel Energy, to culminate in the delivery of start/stop batteries for internal combustion engine (ICE) vehicles. W
10. Hoppecke Batterien GmbH & Co. KG.
Since 1927, the family company Hoppecke has been developing and producing industrial battery systems and is headquartered in Nordrhein-Westfalen, Germany.
*Definition- Lead acid battery is a type of rechargeable battery that supply high current due to high power to weight ratio and so is widely used in automotive sector.
