Lead Acid Battery Market- Global Industry Analysis, Size and Forecast by 2023
Lead acid battery market includes rechargeable devices such as lead electrodes submerged in diluted sulfuric acid. It utilizes lead electrodes and sulphuric acid as electrolyte to store electrical energy. Lead acid battery is used for starting, lightning and ignition (SLI) purpose in automobiles.

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Lead calcium batteries, lead antimony batteries, valve regulated lead acid batteries, Absorbed Glass Mat (AGM) Battery, Gel Cell, SLI Batteries, deep cycle batteries and advanced lead acid batteries are a few varieties of lead acid battery. These batteries find application in automotive and traction applications, standby/back-up/emergency power.
The global market for lead acid battery is estimated to grow during the forecast period (2017-2023) on account of the growing demand for stationary lead acid batteries in off-grid renewable energy generation. Increasing vehicle production coupled with rising adoption of vehicle electrification are anticipated to be the major factors that is expected to create vast opportunities for key players in automobile lead acid battery market.

Implementation of smart grid projects, deployment of vehicle-charging infrastructure, increasing usage of hybrid and electric vehicles and increasing span of telecom towers are some of the factors expected to drive the global lead acid battery market.

Moreover, increasing focus on absorbent glass mat (AGM) batteries is expected to propel the market growth for lead acid battery during the forecast period. AGM batteries are maintenance-free, more vibration resistant and has zero fume emissions. Owing to the low internal resistance of these batteries and longer service life, the market for lead acid battery is projected to grow during the forecast period.

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Key players in the global lead acid battery market include Johnson Controls Inc., GS Yuasa Corporation, Exide Technologies, EnerSys, C&D Technologies Inc., Amara Raja Batteries Limited, Eaglepicher Technologies, LLC, Axion Power International and East Penn Manufacturing.