According to IMARC Group, The global automotive lead-acid battery market size reached US$ 13.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.1 Billion by 2028, exhibiting a growth rate (CAGR) of 2.3% during 2023-2028.
Lead-acid batteries are used in the starting, lighting, and ignition (SLI) process of automobiles. They comprise sponge lead (Pb) and lead peroxide (PbO2) plates that are immersed in sulfuric acid to convert chemical energy into electrical power. Lead-acid batteries are robust, cost-effective, resistant to wear and tear, and can tolerate overcharging compared to lithium-ion batteries. They also have high cell voltage and an immense power-to-weight ratio as these items supply high surge currents, thereby making them highly compatible with motor vehicles.
Request for a free sample copy of this report: https://www.imarcgroup.com/automotive-lead-acid-battery-market/requestsample
The rising sales of passenger vehicles, on account of the expanding global population, the growing urbanization, and inflating income levels of individuals, are among the key factors stimulating the automotive lead-acid battery market. Moreover, the increasing awareness among the masses about the harmful impacts of carbon emissions and improving road networks are catalyzing the demand for electric cars and e-bikes across the globe, which are also propelling the market growth. Besides this, the rising usage of these items supply voltage to numerous accessories in vehicles, such as music systems, wipers, radios, air conditioners (ACs), charging plugs, etc., is acting as another significant growth-inducing factor. Furthermore, the growing utilization of batteries, as they offer resistance to corrosion and abrasion and low internal impedance, is further fueling the global market. Apart from this, the introduction of variants comprising recycled materials that makes these items a low environmental footprint energy storage technology is positively influencing the global market. Additionally, manufacturers are investing in research and development (R&D) activities and forming collaborations or partnerships with leading organizations to produce advanced and high-performance batteries, which is anticipated to fuel the automotive lead-acid battery market over the forecasted period.
Top 12 Automotive Lead-Acid Battery Companies in the World
- C&D Technologies, Inc.
- CLARIOS
- CSB Energy Technology Co., Ltd.
- East Penn Manufacturing Company, Inc
- EnerSys
- Exide Industries Limited
- GS Yuasa Corporation
- KOYO BATTERY CO., LTD
- LEOCH INTERNATIONAL TECHNOLOGY LIMITED
- PT. Astra Otoparts
- Robert Bosch GmbH
- Thai Bellco Battery Co. Ltd.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US
IMARC Group
Email: [email protected]
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal