LEAD ACID BATTERY MARKET ANALYSIS

Lead Acid Battery Market Size and Trends

Lead acid battery market is estimated to be valued at USD 53.09 Bn in 2025 and is expected to reach USD 77.28 Bn by 2032, growing at a compound annual growth rate (CAGR) of  5.5% from 2025 to 2032.

To learn more about this report, Request sample copy

The lead acid battery market is expected to witness moderate growth over the forecast period. Though lead acid batteries have significant applications in automotive sector especially for automobiles in developing countries, increasing focus towards developing low-maintenance batteries such as lithium-ion batteries is expected to hamper the growth of this market. Replacement of existing lead acid batteries will continue to boost its demand. However, stricter environment regulations regarding usage of lead will be a major challenge. Growth of electric vehicles provides opportunities for this market, as these vehicles require bulk energy storage solutions largely served by lead acid batteries presently. Developments targeting reduced usage of lead in batteries can provide long-term opportunities for market participants.

Increasing hybrid and electric vehicle adoption

Increasing demand for hybrid and electric vehicles across the globe has been one of the key drivers of growth for lead acid batteries. Unlike lithium-ion batteries used in premium EVs, lead acid batteries are more cost effective and their technology is more mature. As a result, these are increasingly being used as starting, lighting and ignition batteries in hybrid vehicles which have both an internal combustion engine as well as an electric motor. With automakers aggressively expanding their EV/hybrid lineups to comply with stricter emission regulations, the lead acid battery market is expected to witness growth. Recent breakthroughs in material science and manufacturing technologies have also enabled lead acid batteries to last longer which widens their appeal for automotive applications.

For instance, in July 2020, EnerSys a stored energy systems and technology provider for industrial applications, partnered with Blink Charging Company, a leading electric vehicle (EV) charging equipment provider, to develop high-power wireless DC fast charging systems for integrated battery storage in transportation applications.