LEAD ACID BATTERY MARKET ANALYSIS

Key Developments

• In October 2022, BAE USA'sv a defence, aerospace and security solutions provider, their stationary lead-acid battery energy storage system secured certification for the third edition of ANSI/CAN/UL 1973. The certification, conducted by UL Solutions, a U.S.-based testing and certification company, attests to the ESS's capabilities.
• Amara Raja Batteries (ARBL) revealed plans in July 2022 to expand its lead-acid business beyond India. The focus of this expansion lies in Africa, the Middle East, and South-East Asia, aiming to broaden geographical reach.
• In December 2021, GS Yuasa Corporation a company v specializing in the development and production of lead acid and lithium-ion batteries, announced plans to double the production capacity of its motorcycle lead-acid batteries through equity holder TGY. This strategic move aims to increase market share in India and diversify the range of battery models.
• In January 2021, Batek Makina Ltd., a Turkey-based battery equipment manufacturer, acquired Bertola Snc, a Italy-based company specializing in battery charging equipment. This acquisition aims to expand Batek Makina Ltd.'s offerings and diversify its business into the battery charging equipment industry.