The global stationary lead acid battery market was valued at USD 8.33 billion in 2017. The demand for stationary lead acid batteries has been growing over the past years on account of its low cost, chemical & physical stability, and recharging ability over other battery systems.

                          US stationary lead acid battery market revenue, 2011-2023 (USD Billion)

Lead acid batteries owing to its techno-economic features are widely deployed in numerous applications such as automotive starting batteries, grid storage, telecom sector, and UPS. The automotive industry has been one of the most important markets for lead acid batteries. Over the past few years, this industry has developed various approaches to improve fuel economy through electrification of the vehicle drive train leading to increased demand for stationary lead acid batteries.

Stationary lead acid (SLA) batteries are the commonly used large-capacity rechargeable batteries. These batteries are gaining importance among various end-user industries since they are dependable and cheaper on a cost-per-watt base. Also, stationary lead acid batteries are being widely deployed as an energy source and their demand is set to rise in the near future. However, fluctuating prices of raw material and rising penetration of the lithium-ion battery, owing to its high lifetime and cost-effectiveness, are the major challenges for the lead acid battery industry. Raw material price instability, however, is considered as a restraint for the overall market growth.

Sealed lead acid batteries market dominated the global industry in 2017 and is projected to surpass USD 8 billion by 2023. Sealed lead acid battery or valve regulated lead-acid (VRLA) batteries have been commercially available since the past two decades and have been increasingly embraced by users of uninterruptible power supplies (UPS) due to the ample reduction in installation and operating costs, smaller footprint, lighter weight, and fewer environmental concerns.

Aftermarket stationary lead acid battery sales are expected to offer lucrative opportunities as compared to sales through original equipment manufacturers (OEM). Batteries form the backup power system for commercial and industrial applications. Therefore, during the entire life of any backup energy storage device, batteries tend to get replaced, thus, offering a lucrative proposition for equipment vendors.

                                      Global stationary lead acid battery market, by construction type, 2017 (%)

Telecom dominated the global market in 2017 accounting for 39.9% of the volume consumption. Fast paced industry growth, expansion of infrastructure and shift towards data-driven services in the telecom sector has propelled the product demand. Additionally, factors such as increasing foreign investments, supportive governmental norms, and increasing 4G penetration are expected to drive the global market in the future.

Increasing consumer spending along with tremendous growth in per capita income especially in developing economies is projected to increase the sales of transportation vehicles, thus, creating a favorable scope for the consumption of lead-acid batteries.

Asia Pacific held the largest market for stationary lead acid batteries in 2017 accounting for 42.7% of the global volume market sales. China dominated the Asia Pacific lead-acid battery market in terms of product demand. The country accounted for nearly half of the market share in the overall stationary lead-acid battery regional consumption in 2016. Favorable governmental policies in China along with the rising number of public-private partnership projects projected to catapult the demand for lead acid batteries in this region.

Johnson Controls, GS Yuasa, Hitachi Chemical Energy Technology, Enersys, and Exide Technologies are a few of the major industry players. Various manufacturers are keen on the research & development of environment-friendly products that are economical and offer better efficiency which in turn will open new market opportunities for the market development.

Key segments of the global stationary lead acid battery market

Construction Type Overview, 2011 – 2023 (Million kVAh) (USD Million)

• • Flooded
  • Sealed

Application Overview, 2011 – 2023 (Million kVAh) (USD Million)

• • Telecom
  • UPS
  • Utility
  • Emergency Lighting
  • Security Systems
  • Cable Television/Broadcasting
  • Oil & Gas
  • Renewable Energy
  • Railway Backup Systems
  • Others

Distribution Channel Overview, 2011 – 2023 (Million kVAh) (USD Million)

• • OEM
  • Aftermarket

Region/Country Overview, 2011 – 2023 (Million kVAh) (USD Million)

• • North America
    • U.S.
  • Europe
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • South America

• • Middle East & Africa

Reasons for the study

• The study evaluates the dynamics and movement of the global stationary lead acid battery market across various geographies
• While studying the various types of stationary lead acid battery market, we observed that sealed lead acid batteries are gaining tremendous traction globally, especially via different distribution channels
• We also observed that major factors fueling the market growth include growing renewable energy projects, smart city projects and expansion of telecommunication infrastructure
• The number of manufacturers entering the market has been on the rise over the past few years, thus, making this product a lucrative business opportunity, especially in untapped marketplace such as Latin America and Middle East and Africa

What does the report include?

• The study on the global stationary lead acid battery market includes qualitative factors such as drivers, restraints, and opportunities
• Additionally, the market has been evaluated using the value chain and Porter’s Five Forces’ analysis
• The study covers qualitative and quantitative analysis of the market segmented on the basis of construction type, application and distribution channel. Moreover, the study provides similar information for the key geographies.
• Actual market sizes and forecasts have been provided for all the above-mentioned segments
• The study includes the profiles of key players in the market with a significant global and/or regional presence

Who should buy this report?

• Players across the value chain including raw material suppliers, battery manufactures, distributors, suppliers, retailers, and equipment manufacturing companies
• Venture capitalists and investors looking for more information on the future outlook of the global stationary lead acid battery market

Consultants, analysts, researcher, and academicians looking for insights shaping the global stationary lead acid battery market