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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)
Application Overview, 2011 – 2023 (Million kVAh) (USD Million)
Distribution Channel Overview, 2011 – 2023 (Million kVAh) (USD Million)
Region/Country Overview, 2011 – 2023 (Million kVAh) (USD Million)
Reasons for the study
What does the report include?
Who should buy this report?
Consultants, analysts, researcher, and academicians looking for insights shaping the global stationary lead acid battery market
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)
Application Overview, 2011 – 2023 (Million kVAh) (USD Million)
Distribution Channel Overview, 2011 – 2023 (Million kVAh) (USD Million)
Region/Country Overview, 2011 – 2023 (Million kVAh) (USD Million)
Reasons for the study
What does the report include?
Who should buy this report?
Consultants, analysts, researcher, and academicians looking for insights shaping the global stationary lead acid battery market
1. Research Methodology
2. Executive Summary
3. Market Outlook
4. Construction Type Overview
5. Application Overview
6. Distribution Channel Overview
7. Regional Overview
8. Industry Structure
9. Company ProfilesJohnson Controls