Lead Acid Battery Market
                     Lead Acid Battery Market - Quantitative Market Analysis, Current and Future 
Trends
Global Lead Acid Battery Market - Insights
Lead acid battery is considered to be the oldest type of rechargeable battery with its use spanning
across industries. It has the advantage of supplying high surge current, as the cells have large
power to weight ratio.  High power to weight ratio and low cost  makes lead acid batteries
attractive for its use in the automotive sector. Lead acid batteries comprises of container, plates,
cell, separators, and battery terminals.
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The  increasing  demand  from  various  industries,  such  as  automotive  sector,  telecom sector,
uninterrupted power supply in oil and gas mining, manufacturing, and chemical is expected to
the boost the growth of the lead acid batteries market globally. Moreover, the low cost of the
batteries coupled with new developments and innovation in lead acid battery products is further
expected to augment the market growth. However, environmental restrains, due to lead content
and threat from substitute namely lithium-ion battery are the major restraints for the growth of
global lead acid battery market.
In 2016, Asia Pacific was the leading region in the global  lead acid battery market and is
expected to remain the dominant region during the forecast period. The main factors attributed to
the growth of Asia Pacific region in market is  due to rapid increasing industrialization and
globalization  in this  region.  Moreover,  increasing  number  of  automobile  industry  along with
expanding disposable income is triggering sales of automobiles, which in turn increases growth
for  lead  acid  batteries  market.  According  to  China  Association  of  automobile  manufacturers
(CAAM),  during  the  period  2016-2017,  automobile  sales  in  China  rose  by  6.2%.  Lead  acid
batteries are highly efficient to use as energy storage system. The other factors such as increased
government expenditure  in retail  sector favored in the growth of  various industries  such as
construction,  banking,  and telecom industry,  which  in  turn  will  fuel  demand for  lead  acid
batteries.  According  to  Indian  Brand  Equity  Foundation  (IBEF),  Ministry  of  Commerce  and
Industry, Government of India, the retail market in India is expected to nearly double to US$ 1
trillion  by  2020  from  US$  600  billion  in  2015,  due  to  income  growth,  urbanization,  and
attitudinal shifts.
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984
Based on the product, SLI lead acid battery is the largest segment in 2016 and is expected to 
show the same trend during the forecast period. SLI lead acid battery holds a revenue of US$ 
26.80 billion and is expected to grow at a CAGR of 3.39% from 2017 - 2025. The increasing use 
of SLI lead acid battery in electric vehicles, owing to its excellent cold cracking abilities in engine
starting coupled with durability are the major factors contributing to market growth.
Major Players in the Global Lead Acid Battery Market
The major players operating in the global lead acid battery market include  Johnson Controls,
ATLASBX Co. Ltd, Exide Technologies, East Penn Manufacturing Co, Crown Battery Manufacturing
Company, C&D Technologies, INC, GS Yuasa Company, and Leoch International Technology Ltd.
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