Automotive Lead Acid Battery Market Size, Share, Growth, Opportunities, Global Analysis and Opportunity Assessment 2019 – 2027

                                                                             
Lead acid batteries are the oldest type of rechargeable batteries, invented by Gaston Planté in 1859, and are used in automobiles for starting, lighting, and ignition (SLI). To convert chemical energy into electrical power, these batteries use sponge lead (Pb) and lead peroxide (PbO2) plates immersed in sulfuric acid.

           Automotive Lead Acid Battery Market


Lead acid batteries are the oldest type of rechargeable batteries, invented by Gaston Planté in 1859, and are used in automobiles for starting, lighting, and ignition (SLI). To convert chemical energy into electrical power, these batteries use sponge lead (Pb) and lead peroxide (PbO2) plates immersed in sulfuric acid. These batteries have been in use for over a century and remain a popular source of energy storage. They are commonly used in power plants and substations due to their high cell voltage and low cost. Despite having a very low energy-to-weight and energy-to-volume ratio, these batteries provide high surge currents, implying that their cells have a high power-to-weight ratio.

Increasing R&D activities are expected to propel the global automotive lead acid battery market during the forecast period. Increasing environmental concerns, combined with stringent regulatory policies imposed by governments around the world on lead-based products, have accelerated demand for fuel-efficient and long-lasting batteries. To develop efficient batteries, key automotive battery manufacturers are focusing on collaborating with other organisations' research and development activities in order to develop efficient batteries while meeting emission standards. Johnson Controls, for example, collaborated with the University of Wisconsin–Milwaukee and the Wisconsin Energy Institute in 2014 to commercialise and develop other energy storage technologies.

Rising passenger car sales are expected to drive up demand for automotive lead acid batteries. Passenger cars have seen increased demand in recent years as a result of rising disposable income, increased availability of affordable mid-sized models, and changing transportation needs. This high demand has been most noticeable in the Asia Pacific and Middle East regions. Furthermore, demand for micro-hybrid and fully electric vehicles is increasing, despite the fact that demand for lead acid batteries for IC engine-based vehicles is significantly higher in the market.

The key companies operating in the global automotive lead acid battery market are Exide Technologies, Enersys Inc., FIAMM S.p.A, Johnson Controls Inc., Exide Industries, GS Yuasa Corporation, CSB Battery Technologies, Panasonic Corporation, East Penn Manufacturing Company, and Leoch International Technology Limited.

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