Download Sample, Analysing the Growth Trends of Lead Acid Batteries in EVs
The demand for the automotive lead acid battery market is expected to grow due to the rising sale of EV cars and due to affordability, reliability, and broad use in renewable energy and backup power industries. Also, demand for automotive lead-acid batteries is rising with the growing use in solar installations. As per the data of Battery Council International, the global market growth of lead batteries from 2021 to 2030 is projected to go beyond 66,000 MWh, and the demand for 12V lead batteries is considered a leading segment due to their use in EV cars. As per the data, the growth is expected to go beyond 3% and is expected to reach a market value of US$ 30.1 billion.
Furthermore, the demand for lead-acid batteries is expected to rise due to the rising sale of EV cars. As per the reports of the International Energy Agency, the global sale of EV cars was recorded at 14 million units in 2023, which is 3.5 million more than in 2022 and an unpredicted 35% year-on-year. It is also noted that in 2023, one of five cars sold was an EV car. Thus, the rising sale of the EV car is expected to boost the sale of the automotive lead acid battery market.
Furthermore, the demand for lead-acid batteries is expected to rise due to the rising sale of EV cars. As per the reports of the International Energy Agency, the global sale of EV cars was recorded at 14 million units in 2023, which is 3.5 million more than in 2022 and an unpredicted 35% year-on-year. It is also noted that in 2023, one of five cars sold was an EV car. Thus, the rising sale of the EV car is expected to boost the sale of the automotive lead acid battery market.
Exploring the Synergy Between Lead Acid Batteries and Supercapacitors
Bipolar lead acid is an innovative design compared to traditional lead-acid batteries that provide better performance and energy efficiency. As compared to traditional batteries, which have a single plate design, bipolar batteries' electrodes are connected together in such a way that reduces internal resistance and increases energy density. They enable higher power, and faster charging, and can be used for everything, such as electric vehicles to renewable energy storage. There is also the possibility of offering longer life with improved thermal management for bipolar lead-acid batteries, making them more viable as a sustainable source of energy.
Intergradation of supercapacitors into lead-acid battery systems is expected to result in better performance, especially for applications that involve high charge and discharge cycle rates. Supercapacitors are well known for their high power density and fast response. Such integration of the lead-acid battery and supercapacitor allows the battery to fully center its focus on storage, while the supercapacitor manages high-power requirements to minimize the stress on the battery and expand its lifespan. This combination can further enhance the total efficiency of the system; hence, it would be very efficient for hybrid energy storage systems, renewable energy applications, and grid stabilization, among other uses.
Intergradation of supercapacitors into lead-acid battery systems is expected to result in better performance, especially for applications that involve high charge and discharge cycle rates. Supercapacitors are well known for their high power density and fast response. Such integration of the lead-acid battery and supercapacitor allows the battery to fully center its focus on storage, while the supercapacitor manages high-power requirements to minimize the stress on the battery and expand its lifespan. This combination can further enhance the total efficiency of the system; hence, it would be very efficient for hybrid energy storage systems, renewable energy applications, and grid stabilization, among other uses.
Recent Trends in the Automotive Lead Acid Battery Industry
- Increase focus on enhancing energy density and reducing weight.
- Minimize environmental impact by increasing demand for battery recycling and sustainable practices.
- Integration of smart technology into lead-acid batteries
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Available Substitute and Longer Charging Time Oppose the Automotive Lead Acid Battery Market Growth
Lead-acid batteries take longer to charge than lithium-ion batteries, causing inconvenience for users who need quick charging. This can limit flexibility, increase wait times, complicate infrastructure needs, and potentially shorten battery lifespan. As consumer demand for faster charging grows, lead-acid batteries may become outdated, affecting their resale value in the automotive market. Furthermore, the automotive lead acid battery market is highly volatile, with price fluctuations significantly affecting demand, supply, and market dynamics.
Raw materials like lead and sulfuric acid are considered the major reason for global price changes. Energy-intensive manufacturing processes also contribute to production costs, which are impacted by fluctuations in energy prices. These factors directly impact the price of automotive lead acid batteries. Also, the automotive industry is shifting from traditional vehicles to electric vehicles (EVs), which heavily use lithium-ion batteries. These batteries have benefits such as higher energy density, faster charging, longer lifespan, and lighter weight, making them the best choice for EVs. This shift is causing a decline in demand for lead-acid batteries used in internal combustion engine vehicles.
Raw materials like lead and sulfuric acid are considered the major reason for global price changes. Energy-intensive manufacturing processes also contribute to production costs, which are impacted by fluctuations in energy prices. These factors directly impact the price of automotive lead acid batteries. Also, the automotive industry is shifting from traditional vehicles to electric vehicles (EVs), which heavily use lithium-ion batteries. These batteries have benefits such as higher energy density, faster charging, longer lifespan, and lighter weight, making them the best choice for EVs. This shift is causing a decline in demand for lead-acid batteries used in internal combustion engine vehicles.
New Product Launch Flourishes the Automotive Lead Acid Battery Market
In June 2023, Schaeffler India Limited's Automotive Aftermarket division launched the Schaeffler TruPower 2-wheeler Batteries, designed for two-wheeler applications with VRLA technology. The batteries were durable, with features like a robust alloy, special active material for high performance, AGM separator for spill-proof and vibration-resistant functioning, and high purity lead and electrolyte for a low self-discharge rate. They also had a flexible fitment design for multiple-angle fitment in various two-wheelers. These batteries promise the trouble-free running of the vehicle, offering riders reliable power for their journeys. Riders could have peace of mind even on bumpy terrains, as the batteries were built to withstand tough conditions, ensuring longevity and endurance. Schaeffler TruPower 2-Wheeler Batteries were the standout choice for performance and durability seekers in the market.
On September 2021, Birla Carbon said its new portfolio of conductive carbons was designed for the lithium-ion and lead-acid battery markets, enabling customization in formulation and performance in a variety of segments, including automotive, telecoms, motive power, energy storage systems, and electric bikes. These products leveraged Birla Carbon’s Ultra process to ensure the highest levels of purity and conductivity, enabling increased charge acceptance, particularly under partial state-of-charge operation. According to the firm, as auto manufacturers strove to meet more stringent CO2 emission requirements, the demand for higher-performance lead-acid batteries grew, particularly for start-stop or micro-hybrid vehicles. These high-performance batteries could unlock 5-15 percent energy savings enabled by highly engineered conductive carbon additives such as Conductex e carbon black.
On September 2021, Birla Carbon said its new portfolio of conductive carbons was designed for the lithium-ion and lead-acid battery markets, enabling customization in formulation and performance in a variety of segments, including automotive, telecoms, motive power, energy storage systems, and electric bikes. These products leveraged Birla Carbon’s Ultra process to ensure the highest levels of purity and conductivity, enabling increased charge acceptance, particularly under partial state-of-charge operation. According to the firm, as auto manufacturers strove to meet more stringent CO2 emission requirements, the demand for higher-performance lead-acid batteries grew, particularly for start-stop or micro-hybrid vehicles. These high-performance batteries could unlock 5-15 percent energy savings enabled by highly engineered conductive carbon additives such as Conductex e carbon black.
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Lucrative Potential of Europe and Asia Pacific Region Promotes the Market
Europe can be considered a lucrative market due to the rising demand for EV cars and the usage of solar energy. As per the data of the World Resources Institute, the top 5 countries for most EVs for the year 2023 are Norway, Iceland, Sweden, the Netherlands, and China, from which the top four belong to Europe and hence are considered a lucrative market. Speaking about the usage of solar electricity, Germany has installed solar with a capacity of over 66.6 GW in 2022, which is considered three times more than Spain. Asia Pacific can also be considered a lucrative market due to the rising automotive production and especially the rising production of EV cars. Also, the demand for acid-lead batteries is expected to rise in the Asia-Pacific region, especially in China, as the Chinese government has invested much in renewable energy sources such as solar and wind power to reduce the level of carbon emissions and switch to a greener energy system. In 2022, China led the world with over 300 GW of installed solar capacity.
The government policies facilitated this expansion with huge subsidies given both for the production of solar panels and for installations. Similarly, the demand for lead-acid batteries is expected to rise with the rising demand for solar products in India. According to the data of the Indian Brand Equity Foundation, India is targeting 450 GW of installed renewable energy capacity by 2030, from which 280 GW is expected from solar.
The government policies facilitated this expansion with huge subsidies given both for the production of solar panels and for installations. Similarly, the demand for lead-acid batteries is expected to rise with the rising demand for solar products in India. According to the data of the Indian Brand Equity Foundation, India is targeting 450 GW of installed renewable energy capacity by 2030, from which 280 GW is expected from solar.
The report provides a detailed overview of the automotive lead acid battery market insights in regions including North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. The country-specific assessment for the automotive lead acid battery market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the automotive lead acid battery market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which is anticipated to have a substantial impact on the growth of the automotive lead-acid battery market. Some key countries and region included in the automotive lead acid battery market report are as follows:
| North America | United States, Canada |
| Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
| Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Belgium, Sweden, Austria, Slovakia, Hungary, Romania, Czech Republic, Rest of Europe |
| Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Vietnam, Thailand, Rest of Asia Pacific |
| Middle East and Africa | GCC Countries, South Africa, Egypt, Turkey, Morocco, Nigeria, Iran, Rest of MEA |
Automotive Lead Acid Battery Market Research Report Covers In-depth Analysis on:
- Automotive lead acid battery market detailed segments and segment-wise market breakdown
- Automotive lead acid battery market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in automotive lead acid battery industry)
- Current, historical, and forthcoming 10 years market valuation in terms of automotive lead acid battery market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Automotive lead acid battery market demand analysis
- Automotive lead acid battery market pricing analysis over the forecast period (by key segment and by region)
- Automotive lead acid battery market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in the automotive lead acid battery market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in the automotive lead acid battery market
- Automotive lead acid battery market sales and distribution strategies
- A comprehensive overview of the parent market
- A detailed viewpoint on automotive lead acid battery market forecast by countries
- Mergers and acquisitions in the automotive lead acid battery market
- Essential information to enhance market position
- Robust research methodology
- Frequently Asked Questions -
What is the scope of the automotive lead-acid battery market report?
The report covers market trends, key drivers, challenges, opportunities, competitive analysis, and forecasts for the automotive lead-acid battery industry over the next decade.
What challenges are highlighted in the report for market players?
Challenges include environmental concerns, competition from alternative battery technologies, and fluctuating raw material prices that could impact manufacturing and adoption rates.
How will the automotive lead-acid battery market evolve over the forecast period?
The report projects the market's evolution based on factors like rising vehicle production, electrification trends, and the adoption of sustainable energy storage solutions.
