Market Size of Europe Lead-acid Battery Industry
| Study Period | 2019- 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 8.84 Billion |
| Market Size (2029) | USD 12.30 Billion |
| CAGR (2024 - 2029) | 6.80 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Lead-acid Battery Market Analysis
The Europe Lead-acid Battery Market size is estimated at USD 8.84 billion in 2024, and is expected to reach USD 12.30 billion by 2029, growing at a CAGR of 6.80% during the forecast period (2024-2029).
- Over the medium term, factors such as the growing automotive sector and adoption of battery energy storage systems (BESS) are expected to drive the lead-acid battery market in Europe during the forecast period.
- On the other note, rising adoption of lithium-ion batteries and increasing electric vehicle sales are likely to restrain the growth of the lead-acid battery market over the coming years.
- Nevertheless, increased off-grid solar installation investment is estimated to provide a significant opportunity for the lead acid market in Europe.
- Germany is likely to dominate the lead acid battery market in Europe due to the higher presence of automobile manufacturers in the country.
