North America Lead acid battery Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.85 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Lead acid battery Market Analysis
The North American lead acid battery market is expected to witness moderate growth during the forecast period, registering a CAGR of 4.85% between 2022-2027. Factors such as growing demand from the automotive industry coupled with increasing applications in other end-user industries such as railways are expected to drive the market during the forecast. However, the alternate technologies, mainly, lithium-ion are expected to disrupt the growth primarily owing to their decreasing costs as well as technical advantages.
- SLI Battery segment is the fastest growing segment in the North American battery market during the forecast period. SLI (Starting, Lighting, and Ignition), owing to the large vehicle fleet of the country translates into large volumes of lead-acid battery sales.
- Advances in lead-acid battery technology to increase storage density, extend usable service life, and improve cold-weather performance at a comparatively lower cost than modern battery technologies are expected to provide a significant opportunity to the market players.
- The United States is one of the major hotspots for industrial batteries across the world on account of robust industrial infrastructure, surging deployment of battery-based energy storage projects, and expansion in renewable power infrastructure. Moreover, the favorable policy toward the deployment of renewable energy and residential distributed energy systems in the United States is likely to drive the battery market in the coming years.
North America Lead acid battery Market Trends
This section covers the major market trends shaping the North America Lead acid battery Market according to our research experts:
Automotive Batteries (SLI Batteries) Segment to Dominate the Market
- Starting, lighting, and ignition (SLI) batteries have been in almost every car for the past several years. Generally, SLI batteries are used for short power bursts, such as running light electrical loads or starting a car engine. Moreover, these batteries supply extra power when the vehicle's electrical load exceeds the supply from the charging system & act as a voltage stabilizer in the electrical even out voltage spikes, thereby preventing them from damaging other components in the electrical system.
- The primary factor attributing to the growth of the SLI battery market is the increasing demand for these batteries to power motors, lights, or other internal combustion engines with high performance, long life, and cost-efficient lead-acid.
- The lead-acid battery is the technology of choice for all SLI battery applications in conventional combustion engine vehicles, such as cars and trucks across the globe, including North America. Lead-acid batteries are the most economically viable mass-market technology for SLI applications in classic cars, including those with start-stop and basic micro-hybrid systems, owing to their excellent cold cranking performance, reliability, and low cost. More than 90% of automotive SLI batteries are lead-acid based, and over 90% (by storage capacity) of industrial stationary and motive applications.
- North America is one of the biggest markets for automobiles globally. Due to this, the region is also a global leader in the production of automobiles, making it one of the largest markets for SLI batteries globally.
- As of 2021, the United States is the 2nd-largest producer of motor vehicles globally, accounting for approximately 69% of the region's total automobiles 2021. The country is also home to some of the world's largest automobile manufacturers, such as Ford, General Motors and Tesla, which are the primary consumers of SLI batteries.
- Hence, owing to the above points, the Automotive Batteries (SLI Batteries) segment will likely see significant market growth during the forecast period.
United States Expected to see Significant the Market Growth
- The United States is one of the largest automobile markets in the world. The country is also one of the major manufacturers of automobiles, including light and commercial vehicles. In recent years the automobile sector in the country has witnessed significant growth, only showing signs of decline in 2020 due to the outbreak of COVID-19.
- Due to the large size of the country's automobile market, the country holds a major share in the region's lead-acid battery market. Lead-acid battery still holds the major share in the automobile sector due to their SLI applications.
- Additionally, lead-acid batteries might also provide a significant opportunity in the electric vehicle market, where currently lithium-ion batteries hold the major share. Lead-acid batteries have a very high rate of recyclability of around 96%, which has been possible due to decades of research and development; this provides them an upper hand against lithium-ion batteries, which have a very complex and expensive process of recyclability with very low success rate.
- The United States is one of the major hotspots for industrial batteries across the world on account of robust industrial infrastructure, surging deployment of battery-based energy storage projects, and expansion in renewable power infrastructure. Moreover, the favorable policy toward the deployment of renewable energy and residential distributed energy systems in the United States is likely to drive the battery market in the coming years.
- Additionally, the United States government announced a substantial increase in military spending in its 2021 Budget. According to the budget, the US government allocated USD 770 billion in FY 2022 to the military and the US Senate voted to give the military USD 705 billion for FY 2021.
- The increasing investment in the country's military is expected to support the growing usage of battery-powered communication and other electronic equipment used in the army, in turn, driving the demand for lead-acid batteries during the forecast period.
- Hence, owing to the above points, the United States is expected to see significant market growth in Battery market during the forecast period.
North America Lead acid battery Industry Overview
The North American lead acid battery market is moderately fragmented. Some of the key players in this market are Clarios (a subsidiary of Brookfield BusinessPartners) , EnerSys, C&D Technologies Inc, Leoch International Technology Limited, and GS Yuasa Corporation.
North America Lead acid battery Market Leaders
Clarios (a subsidiary of Brookfield Business Partners)
EnerSys
C&D Technologies Inc
Leoch International Technology Limited
GS Yuasa Corporation
*Disclaimer: Major Players sorted in no particular order
North America Lead acid battery Market News
- In June 2022, Sunlight Group received around EUR 275 million in funding to increase its lead-acid and lithium-ion battery production and R&D. The company aims to cater to the increased global demand for green energy storage solutions. Thus, the company is expected to upgrade and expands its current production and assembly lines. The company is likely to invest in facilities in Greece, Italy, and the United States to increase the output of lithium-ion and lead-acid batteries and energy storage systems.
- In May 2022, The largest zero-emission and environmentally friendly battery recycling park in North America will be built and run by ACE Green Recycling in Texas, USA. When fully operational, the park is anticipated to recycle both lead-acid and lithium-ion batteries. Up to 100,000 metric tons of spent lead-acid batteries and 20,000 metric tons of used lithium-ion batteries are expected to be processed and recycled annually by the park by 2025.
North America Lead acid battery Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2027
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Force Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Application
5.1.1 SLI (Starting, Lighting, and Ignition) Batteries
5.1.2 Stationary Batteries (Telecom, UPS, Energy Storage Systems (ESS), etc.)
5.1.3 Portable Batteries (Consumer Electronics, etc.)
5.1.4 Other Applications
5.2 Countries
5.2.1 United States
5.2.2 Canada
5.2.3 Rest of North America
6. COMPETITIVE LANDSCAPE
6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
6.2 Strategies Adopted by Key Players
6.3 Company Profiles
6.3.1 Clarios (a subsidiary of Brookfield Business Partners)
6.3.2 EnerSys
6.3.3 C&D Technologies Inc.
6.3.4 Leoch International Technology Limited
6.3.5 GS Yuasa Corporation
6.3.6 East Penn Manufacturing Company
6.3.7 Exide Technologies
6.3.8 Power-Sonic Corporation
6.3.9 Johnson Controls International PLC
6.3.10 Panasonic Holdings Corp
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Lead acid battery Industry Segmentation
The North America lead acid battery market report includes:
| Application | |
| SLI (Starting, Lighting, and Ignition) Batteries | |
| Stationary Batteries (Telecom, UPS, Energy Storage Systems (ESS), etc.) | |
| Portable Batteries (Consumer Electronics, etc.) | |
| Other Applications |
| Countries | |
| United States | |
| Canada | |
| Rest of North America |
North America Lead acid battery Market Research FAQs
What is the current North America Lead Acid Battery Market size?
The North America Lead Acid Battery Market is projected to register a CAGR of greater than 4.85% during the forecast period (2024-2029)
Who are the key players in North America Lead Acid Battery Market?
Clarios (a subsidiary of Brookfield Business Partners) , EnerSys, C&D Technologies Inc, Leoch International Technology Limited and GS Yuasa Corporation are the major companies operating in the North America Lead Acid Battery Market.
What years does this North America Lead Acid Battery Market cover?
The report covers the North America Lead Acid Battery Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the North America Lead Acid Battery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Lead Acid Battery Industry Report
Statistics for the 2024 North America Lead acid battery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Lead acid battery analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
