Lead Acid Battery Market, By Product Type (SLI Lead Acid Battery, Stationary Lead Acid Battery, Motive Lead Acid Battery), By Construction Method (Flooded Lead Acid Battery and VRLA Lead Acid Battery), By End-use (Industrial, Commercial, Residential), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Mar 2024

Code : CMI984

Pages :167

Formats :

Excel and PDF

Industry : Semiconductors

Market Challenges: Environmental Regulations Impacting Lead Usage

Global lead acid battery market faces several challenges. Increased environmental regulations around the use and disposal of lead pose a threat as lead is toxic. Current technologies also limit energy density as compared to newer battery chemistries. Rising demand for EVs and renewable energy is redirecting investment away from this legacy technology. High cost of recycling spent batteries also hampers profitability.

For instance, in May 2021, Amara Raja Batteries, a major lead-acid battery manufacturer in India, recommenced manufacturing after receiving closure orders in April 2021 due to environmental regulation violations from government of India

Market Opportunities: Pervasive Use in Automotive Applications

Lead acid batteries continue to be widely used for automotive starting, lighting and ignition due to their low cost and reliability. These are universally compatible with chargers and devices. Their use in off-grid renewable energy and UPS systems helps meet rising energy demands worldwide. Telecom tower installations and industrial equipment applications keep revenues stable. New sealed and improved gel battery technologies boost performance.