NEW
YORK, July 5, 2024 /PRNewswire/ -- The lead acid
battery market size in US is estimated to grow by USD 1.25 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
3.14% during the forecast period. Rising
focus on green telecom towers is driving market
growth, with a trend towards rising vendor
collaborations. However, declining costs of lithium-ion
batteries poses a challenge. Key market players include C and
D Technologies Inc., Camel Group Co. Ltd., CLARIOS LLC, Concorde
Battery Corp., Crown Equipment Corp., East Penn Manufacturing Co.
Inc., Energizer Holdings Inc., EnerSys, Exponential Power Inc., HBL
Power Systems Ltd., Johnson Controls International Plc., Panasonic
Holdings Corp., Power Sonic Corp., Robert Bosch GmbH, Surrette
Battery Co. Ltd., Teledyne Technologies Inc., Trojan Battery Co.
LLC, U.S. Battery Manufacturing Co., UPS Battery Center Ltd., and
Wirtz Mfg Co. Inc..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application (Mobile and
Stationary), Type (Flooded and Sealed), and Geography (North
America)
|
Region
Covered
|
US
|
Key companies
profiled
|
C and D Technologies
Inc., Camel Group Co. Ltd., CLARIOS LLC, Concorde Battery Corp.,
Crown Equipment Corp., East Penn Manufacturing Co. Inc., Energizer
Holdings Inc., EnerSys, Exponential Power Inc., HBL Power Systems
Ltd., Johnson Controls International Plc., Panasonic Holdings
Corp., Power Sonic Corp., Robert Bosch GmbH, Surrette Battery Co.
Ltd., Teledyne Technologies Inc., Trojan Battery Co. LLC, U.S.
Battery Manufacturing Co., UPS Battery Center Ltd., and Wirtz Mfg
Co. Inc.
|
Key Market Trends Fueling Growth
The lead acid battery market in the US is experiencing enhanced
cooperation among market participants and research organizations.
Collaborations focus on advancing lead acid battery technology to
surpass lithium-ion batteries' performance. Pre-competitive
research organizations, such as the Consortium for Battery
Innovation (CBI), facilitate these collaborations. Members include
major lead acid battery manufacturers like C and D Technologies
Inc., Crown Equipment, EnerSys, and Energizer Holdings Inc., as
well as suppliers such as Cabot Corp., Daramic LLC, and Microporous
LLC. Through pre-competitive R&D, these companies leverage
advanced techniques, tools, and capabilities to enhance lead acid
battery longevity, driving growth in demand and the US market
during the forecast period.
The Lead Acid Battery market in the US is experiencing
significant growth, particularly in the renewable energy sector.
Solar, wind, hydropower, and bioenergy are driving this trend, as
these industries require reliable energy storage solutions. The
generation grid, substations, data centers, and telecom sectors are
key consumers of lead acid batteries. The IT sector's demand for
uninterrupted power is increasing the use of VRLA batteries,
specifically flooded, horizontal well, and vertical well lead
storage batteries. Rechargeable batteries, made of lead and
sulfuric acid, are in high demand due to their long life and low
maintenance. New technologies like Absorbent Glass Mat and Gel VRLA
batteries, as well as new electrode designs, are improving battery
performance. Automation, pulse charging, and multi-stage charging
methods are also gaining popularity. Lead acid batteries are used
for cranking power, cold-start capabilities, backup power, UPS
systems, and stationary batteries. The telecom industry's
expansion, digitalization, and 5G services are increasing the
demand for lead acid batteries in telecom towers. Despite the
benefits, lead acid batteries contain toxic materials and require
careful handling. Lithium-ion batteries are gaining popularity but
lead acid batteries remain a cost-effective and reliable option for
many applications.
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Market Challenges
- Lead acid batteries have long been the go-to choice for
applications requiring a high burst of instantaneous power, such as
automotive cranking. However, lithium-ion batteries are gaining
popularity due to their superior performance, including higher
current density, longer power-holding capacity, and longer shelf
life. The cost gap between these battery chemistries has narrowed
significantly due to increased production scale and manufacturing
efficiency. This trend, coupled with the adoption of battery
technology in the automotive industry and cost-effective production
methods, is driving the growth of lithium-ion batteries at the
expense of lead acid batteries. Furthermore, ongoing research and
development projects aim to enhance the performance of lithium-ion
batteries, making them an increasingly competitive alternative to
lead acid batteries. Consequently, the lead acid battery market in
the US is expected to face challenges from the growing adoption and
improved performance of lithium-ion batteries during the forecast
period.
- The Lead Acid Battery market in the US faces challenges in
battery disposal and recycling. Old batteries contain hazardous
materials like lead oxide, lead electrodes, and sulfuric acid
solution. Rechargeable batteries, such as lead alloy plates and
water, require proper disposal to prevent environmental harm. The
rise of lithium-ion technology, nickel-based batteries, and
zinc-based batteries poses competition. The automotive sector,
uninterruptible power supply (UPS), servers, and telecom sector
heavily rely on brand-new batteries. Valve-regulated lead-acid
batteries are popular in forklift trucks, nuclear submarines,
diesel-electric submarines, electric motors, marine commerce
activities, ICE vehicles, e-bikes, and sealed lead-acid batteries
in passenger cars. The energy storage sector, wireless telecom
industry, connectivity, and military also use lead-acid batteries.
The IEA and renewables sector are shifting towards lithium-ion
technology, challenging the lead acid battery market. Original
Equipment Manufacturers (OEMs) use nickel-cadmium batteries and
nickel-metal hydride batteries, but lead acid batteries remain a
cost-effective solution for many applications.
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Segment Overview
This lead acid battery market in US report extensively covers
market segmentation by
- Application
- 1.1 Mobile
- 1.2 Stationary
- Type
- Geography
1.1 Mobile- The Lead Acid Battery Market in the US
is primarily driven by the mobile segment, which includes batteries
used in cars, commercial vehicles, two-wheelers, and Electric
Vehicles (EVs). In the automotive industry, lead acid batteries are
essential for Starting, Lighting, Ignition (SLI) in Internal
Combustion Engine (ICE) vehicles and start/stop applications in
conventional vehicles and EVs. The automotive sector has seen
significant growth over the last decade, with the sale of passenger
cars in the US increasing by over 25% from 2010 to 2022. This
growth is expected to continue, with Kia Motors Corp.'s launch of
new hybrid models and off-road modes in the US. However, the demand
for ICE vehicles is projected to decline in the latter stage of the
forecast period due to the increasing adoption of EVs and
mild/micro hybrids. This shift is expected to offset the decline in
demand for lead acid batteries for ICE vehicles. In the mobile
segment, EVs and micro/mild hybrids use lead acid batteries as
auxiliary power sources and for start/stop applications. The
growing demand for these vehicles, driven by favorable government
policies and the need to reduce transportation emissions, will
drive growth in the mobile segment during the forecast period.
Additionally, the stable demand for replacement batteries in
existing ICE vehicles will continue to boost sales of lead acid
batteries in the US market.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Lead Acid Battery market in the US is witnessing significant
growth in various sectors, including the telecom industry and
energy storage space. These batteries are widely used in wireless
telecom networks for providing backup power and maintaining
connectivity during power outages. In the military sector, lead
acid batteries are utilized for powering communication equipment
and vehicles. Data centers and Uninterruptible Power Supply (UPS)
systems also rely on these batteries for ensuring uninterrupted
power supply. Lead acid batteries consist of lead plates submerged
in a sulfuric acid solution. They are rechargeable batteries,
available in different types such as Absorbent Glass Mat (AGM) and
Gel VRLA (Valve Regulated Lead Acid) batteries. Despite the
emergence of lithium-ion technology, lead acid batteries continue
to dominate the market due to their low cost, reliability, and long
service life. However, the use of toxic materials like lead and
sulfuric acid poses environmental concerns, leading to the
development of alternative technologies. Lead acid batteries
consist of lead oxide and lead electrodes, which undergo chemical
reactions during charging and discharging. Water is added to the
battery to maintain the electrolyte level. The market for lead acid
batteries includes brand-new batteries for various applications,
such as telecommunications equipment, electronic equipment, and
energy storage devices. Other rechargeable batteries, including
nickel-based batteries and zinc-based batteries, also compete in
the market.
Market Research Overview
The Lead Acid Battery Market in the US is witnessing significant
growth in various sectors, including telecom, energy storage,
wireless telecom industry, military, data centers, and UPS systems.
In the telecom sector, lead-acid batteries are widely used for
connectivity and powering telecommunications equipment. The energy
storage space is another major area of application, with lead-acid
batteries providing backup power for renewable energy sources such
as solar, wind, hydropower, and bioenergy. Lead-acid batteries are
also essential in the IT sector for powering servers and data
centers, as well as in the automotive industry for cranking power
and backup systems in vehicles. The market includes various types
of lead-acid batteries, such as VRLA (Valve-Regulated Lead-Acid)
segment, which includes flooded batteries, Absorbent Glass Mat
(AGM), and Gel VRLA batteries. New technologies like new electrode
designs, Calcium-alloy grids, carbon additives, pulse charging, and
multi-stage charging methods are being developed to enhance the
performance and efficiency of lead-acid batteries. The market is
also witnessing the emergence of lithium-ion batteries,
nickel-based batteries, and zinc-based batteries as alternatives,
but lead-acid batteries continue to dominate due to their
cost-effectiveness, reliability, and wide availability. The market
is also witnessing the impact of digitalization and the rollout of
5G services, with an increasing number of telecom towers being
installed to support the growing subscriber base. The market is
expected to continue growing, driven by the increasing demand for
stationary batteries, SLI (Starting, Lighting, and Ignition)
batteries, and UPS systems in various applications. Despite their
advantages, lead-acid batteries contain toxic materials such as
lead and sulfuric acid, which require careful handling and
disposal. Recycling centers play a crucial role in the market, with
lead oxide, lead electrodes, sulfuric acid solution, and water
being the primary materials recovered from used batteries. The
market is expected to continue evolving, with new technologies and
applications emerging to meet the changing needs of various
industries.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Type
-
- Geography
-
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
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Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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