Authored By: Sarah
11 Jul 2024

 Lead Acid Battery Market in US Size to grow by USD 1256.5 million between 2024-2028

According to a research report “ Lead Acid Battery Market in US” by Application (Mobile, Stationary) Type (Flooded, Sealed) Geography (North America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1256.5 million, at a CAGR of  3.14% during the forecast period. The telecommunications sector in the United States has experienced remarkable growth due to increasing mobile and smartphone usage and declining telecom tariffs. This expansion has led to a significant increase in telecom subscriptions and the installation of telecom towers. In response to the industry's growing demand for sustainable solutions and the need to reduce carbon footprint and greenhouse gas emissions, leading manufacturers such as C&D Technologies INC, Clarios, EnerSys, and East Penn Manufacturing Co. are broadening their product offerings to include eco-friendly telecom power systems. These green solutions cater to the increasing demand for renewable energy sources and the industry's commitment to environmental sustainability.

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By Application, the Mobile segment is projected to dominate the market size in 2024

In the US market, Flooded Lead Acid (FLA) batteries remain the preferred choice due to their cost-effectiveness. With a lower cost per ampere-hour compared to other lead acid battery types, FLA batteries offer an attractive solution for businesses. Although they necessitate more maintenance and ventilation than Valve-Regulated Lead Acid (VRLA) batteries, their reliability, robustness, and proven track record make up for it. FLA batteries are widely utilized in various sectors, including automotive, industrial, and renewable energy storage, due to their consistent power output and longevity. Industries requiring deep cycling and high discharge rates, such as forklifts, backup power systems, and off-grid solar installations, particularly favor FLA batteries. Their dependability and cost-efficiency continue to drive their demand in the market.

By Type, Flooded  segment is expected to hold the largest market size for the year 2024

The lead acid battery market in the US exhibits significant growth, particularly within the mobile segment. This segment encompasses batteries utilized in cars, ICE vehicles, EVs, commercial vehicles, and two-wheelers. In the automotive industry, lead acid batteries are indispensable for SLI applications in ICE vehicles and start/stop systems in conventional vehicles and EVs. The automotive sector's expansion over the last decade, driven by increasing automobile production volumes in both emerging and developed markets like the US, underpins the stable growth of the mobile segment during the forecast period. The demand for lead acid batteries in the automotive industry is directly proportional to the production volume, making it a crucial component in the industry's growth trajectory.

North America is forecasted to hold the largest market size by region in 2024

ai_geographic_landscape

The Lead Acid Battery Market in US growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 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.
  • Wirtz Mfg Co. Inc.
.

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Research Analysis Overview

The Lead Acid Battery Market in the US is a significant segment of the larger rechargeable battery market, with major applications in various industries such as telecom, UPS systems for data centers, and the military. Brand-new batteries in this market include Zinc-based and Nickel-based batteries, which are traditionally used in automotive applications. However, the shift towards more advanced technologies like Lithium-ion batteries is gaining momentum due to their higher energy density and longer cycle life. Lead Acid batteries consist of Lead electrodes and Lead alloy plates submerged in a Sulfuric acid solution. The batteries are rechargeable and are widely used due to their low cost and reliability. In recent years, there has been a growing demand for Valve Regulated Lead Acid (VRLA) batteries, such as Gel VRLA and Absorbent Glass Mat (AGM) batteries, which offer improved safety and maintenance-free operation. Despite their advantages, Lead Acid batteries contain toxic materials like Lead and Sulfuric acid, which can pose environmental and safety concerns. In contrast, Lithium-ion batteries, which are used in electronic equipment and energy storage devices, do not contain toxic materials and offer higher energy density. The wireless telecom industry and connectivity infrastructure are also driving the demand for energy storage space in the telecom sector, further fueling the growth of the Lead Acid Battery Market in the US. Nickel-Metal Hydride batteries and Lithium-ion technology are also gaining popularity in various applications, including UPS systems and military applications, due to their higher energy density and longer cycle life. Overall, the Lead Acid Battery Market in the US is expected to grow steadily, driven by the increasing demand for reliable and cost-effective energy storage solutions.

Market Research Overview

The Lead Acid Battery Market in the US is witnessing significant growth due to the increasing demand for rechargeable batteries in various sectors. Passenger cars and e-bikes are major consumers of sealed lead-acid batteries, while ICE vehicles and marine commerce activities utilize deep-cycle batteries. The automotive sector also uses SLI (Starting, Lighting, Ignition) and VRLA (Valve-regulated lead-acid) batteries in electric motors, diesel-electric submarines, and nuclear submarines. In the industrial sector, lead-acid batteries are used in forklift trucks and UPS systems for backup power and cold-start capabilities. The IT sector, telecom industry, and data centers sub-segment are major consumers of VRLA batteries for powering servers and telecom towers. The global electricity generation sector is also adopting lead-acid batteries for renewable energy storage, especially in wind, solar, and hydroelectric power. The VRLA segment is expected to dominate the market due to its advantages over other technologies like lithium-ion batteries, nickel-based batteries, and zinc-based batteries. Lead-acid batteries contain toxic materials like sulfuric acid and lead, making their disposal a concern. However, recycling centers are increasingly adopting advanced technologies to recover lead and sulfuric acid, reducing the environmental impact. The market is expected to grow further with the increasing demand for energy storage devices in the telecom sector, digitalization, and the rise of 5G services. The market is also witnessing innovations in lead-acid battery technology, such as multi-stage charging methods, new electrode designs, and advanced materials like gel VRLA batteries and Absorbent Glass Mat.

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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