Press Release

The global lead acid battery market revenue surpassed US$ 51.93 billion in 2024 and is predicted to attain around US$ 91.76 billion by 2033, growing at a CAGR of 6.53% during the forecast period from 2025 to 2033.

The lead-acid battery market is poised for significant growth, driven by the increasing adoption of these batteries in both automobiles and Uninterruptible Power Supply (UPS) systems, as well as advancements in manufacturing methods. Currently, over 400 million automotive vehicles worldwide depend on lead-acid batteries, underscoring the vast installed base that this technology has established over the years.

In addition to automotive applications, more than 1,200 recent data center expansions have chosen to integrate lead-acid systems for critical backup power. This trend highlights a persistent preference for lead-acid batteries, particularly due to their reliability in providing uninterrupted power during outages. The proven performance of lead-acid batteries in these scenarios reinforces their importance in various sectors.

Moreover, the steady cycle life of 1,000 to 1,200 discharges in standard automotive applications has been a crucial factor in encouraging manufacturers to refine battery designs. This focus on enhancing longevity and performance is vital in meeting the evolving demands of consumers and industries alike, further solidifying the position of lead-acid batteries in the market.

Lead Acid Battery Market Key Takeaways

• The lead-acid battery market is projected to reach a valuation of US$ 91.76 billion by 2033, growing at a compound annual growth rate (CAGR) of 6.53% during the forecast period from 2025 to 2033.
• Currently, flooded lead-acid batteries dominate the market, holding over 65% market share. This trend has persisted for more than 50 years, with flooded batteries accounting for over 90% of conventional starter batteries.
• In terms of application, automotive starter applications, commonly referred to as SLI (Starting, Lighting, Ignition), continue to capture a substantial portion of lead-acid battery consumption. Industry estimates suggest that more than 61% of all lead-acid battery production is directed toward automotive uses.

Asia Pacific Stronghold in the Lead Acid Battery Market, Capturing 47% Revenue Share

Asia Pacific holds a formidable position in the lead-acid battery market, commanding an impressive 47% market share. This dominance is particularly exemplified by China's remarkable performance, with 19,210 shipments recorded between March 2023 and February 2024. This figure reflects a 15% increase from the previous year, showcasing the country's growing influence in the sector. 

Additionally, China ranks as the world’s third-largest exporter of lead-acid batteries, with a total of 85,587 shipments. In comparison, India leads the global rankings with 138,455 shipments, closely followed by Vietnam, which accounts for 117,315 shipments. Collectively, these export flows highlight Asia's commanding presence in the lead-acid battery market, bolstered by the fact that the region contributes approximately 73% of global production.

The region's dominance is driven not only by impressive shipment figures but also by robust demand and innovative applications. Over 400 million automotive vehicles worldwide rely on lead-acid batteries, many of which are produced or sourced from Asia Pacific. Beyond automotive applications, lead-acid batteries play a crucial role in various industries; for instance, more than 5 million forklift trucks utilize these systems for their dependable power supply. 

Additionally, recent expansions in data centers—over 1,200 in total—have increasingly turned to lead-acid solutions for reliable backup power, further solidifying the region's position in the global lead-acid battery market.

Market Overview

Lead-acid batteries enjoy widespread popularity primarily because of their affordability, reliability, and well-established supply chains. These characteristics make them particularly valuable in automotive applications, predominantly used for starting, lighting, and ignition (SLI) systems in most internal combustion engine vehicles. Their proven track record in these critical functions solidifies their position in the automotive market.

Although lithium-ion batteries have gained traction in recent years, lead-acid batteries still command a significant market share. This is largely due to their cost-effectiveness and their inherent suitability for applications that require high surge currents. For instance, they are commonly used in backup power systems and renewable energy storage, where reliability and the ability to provide immediate power are essential.

Recent innovations in lead-acid battery technology, such as enhanced flooded batteries (EFB) and absorbent glass mat (AGM) batteries, have further improved their performance. These advancements have made lead-acid batteries more compatible with modern vehicles equipped with start-stop systems, which demand batteries that can recharge quickly and handle frequent cycling. As a result, lead-acid batteries remain a relevant and competitive option in the evolving landscape of energy storage solutions.

Market Growth Factors

Driver

Robust Demand from the Telecommunications Sector: The telecommunications sector is experiencing robust demand for lead acid batteries. This is largely due to the need for reliable network infrastructure. Lead acid batteries are favored in the telecommunications sector due to their cost efficiency and reliability. They provide a proven solution for energy storage needs, offering a balance between performance and affordability.

Escalating Automotive Production: The surge in automotive production is significantly driving the widespread adoption of lead acid batteries across the industry. Lead acid batteries remain one of the most cost-effective options for automotive applications.

Restraint

Rising Environmental Concerns Over Hazardous Materials: Growing environmental concerns regarding the use of hazardous materials are significantly impacting industries worldwide, affecting their global reputation and market positioning.

Volatile Raw Material Prices Increasing Production Costs: The fluctuation of raw material prices is becoming a critical challenge for industries, leading to increased production costs and pressure on profit margins.

Top Trends

Increased Focus on Recycling Frameworks: There is a growing emphasis on developing recycling frameworks that support the circular economy and sustainability goals across various industries. This shift is driven by the need to minimize waste, conserve resources, and reduce environmental impact.

Adoption of Next-Generation Battery Monitoring Systems: The integration of next-generation battery monitoring systems is revolutionizing the way batteries are managed and maintained, leading to improved performance and longevity.

Recent Developments

• In February 2025, Luminous Power Technologies announced a significant expansion of its manufacturing capabilities with the establishment of a new production unit for lead acid batteries in Uttarakhand. This facility, which spans 8 acres, is strategically located at the SIDCUL Industrial Estate in Haridwar and is set to produce 1.5-2 GWh of power backup capabilities annually.
• In February 2025, Satya International, a global conglomerate, will begin manufacturing and distributing Duracell-branded batteries and automotive power accessories across various Asian and African countries. This licensing agreement enables Satya International to offer a comprehensive range of products, including lead acid, tubular, inverter, and UPS batteries, as well as battery chargers, maintainers, and jump starters.
• In November 2024, Amara Raja Energy and Mobility Ltd is set to commence commercial operations at its greenfield lead acid battery recycling plant in Tamil Nadu. This facility aims to enhance the proportion of recycled lead sources used in manufacturing, with expectations that it will eventually meet 25-30% of the company's overall raw material requirements.

Lead Acid Battery Market Key Players:

• Clarios
• Exide Technologies
• CSB Energy Technology
• Yuasa
• EnerSys
• East Penn Manufacturing
• Fiamm
• Sebang
• Hankook AtlasBX
• Amara Raja
• C&D Technologies
• Midac Batteries
• ACDelco
• Banner Batteries
• First National Battery
• Chilwee
• Tianneng Holding Group
• Shuangdeng Group (Shoto)
• Camel Group
• Fengfan
• Leoch
• Narada Power
• Sacred Sun Power Sources
• Coslight Technology
• Other Prominent Players

Key Segmentation:

By Type:

• VRLA Battery
• Flooded Battery

By Application:

• Automotive Starter
• Motorcycles & Electric Bikes
• Forklifts & other Vehicles
• Communication Industry
• UPS
• Others

By Geography

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa (MEA)