US Lead Acid Battery Market by Application, Type, Geography - Forecast and Analysis 2023-2027

US Lead Acid Battery Market Analysis Report 2023-2027:

The US lead acid battery market is estimated to grow at a CAGR of 3.01% between 2022 and 2027. The market size is forecast to increase by USD 1,170.19 million. The growth of the market depends on several factors, including the rising focus on green telecom towers, increasing focus on renewable energy generation, and growing number of microgrid installations.

The US lead acid battery market report extensively covers market segmentation by Application (mobile and stationary) and Type (flooded and sealed). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the US Lead Acid Battery Market During the Forecast Period?

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US Lead Acid Battery Market: Key Drivers, Trends, Challenges, and Customer Landscape

The rising focus on green telecom towers is notably driving the market growth, although factors such as the declining costs of lithium-ion batteries may impede market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Lead Acid Battery Market Driver in US

The rising focus on green telecom towers is notably driving the market growth. The growing population and rapid advancements in technology in the US have resulted in increased mobile and smartphone penetration across the country. The telecommunication industry in the US registered a significant increase in its growth due to the decline in telecom tariffs caued by intense market competition. The increase in telecom subscriptions has resulted in the increased number of green telecom tower installations. Telecom tower operators in the US are under tremendous pressure to reduce their carbon footprint and Greenhouse Gas (GHG) emissions. Hence, manufacturers (C&D technologies INC, Clarios, EnerSys, East penn manufacturing co.) are expanding their green telecom power system portfolios. Diesel accounts for more than 40% of the total operating expenditure as diesel generators are predominantly used in the telecom sector. However, their increased deployment can lead to environmental pollution. Therefore, telecom operators have started investing in alternative green power systems to reduce operational costs and related pollution. Telecom operators have responded positively to regulations on carbon emissions. The growing demand for clean energy in the telecom sector is promoting investments in and funding for Research and Development (R&D) in battery technology. Thus, the emphasis on the use of green energy sources for powering telecom towers is expected to drive the demand for lead-acid batteries in the US in the telecommunication industry during the forecast period.

Key Lead Acid Battery Market Trend in US

Rising vendor collaborations is a key trend shaping market growth. The market is witnessing increased collaboration among vendors and stakeholders in the lead-acid battery value chain. These collaborations are focused on developing advanced lead-acid battery technology to make lead-based batteries more competitive than lithium-ion batteries in terms of performance. The collaborations focus on several areas such as pre-competitive research, technology development, and technology sharing. The lead-acid battery market in the US includes pre-competitive research organizations such as the Consortium for Battery Innovation (CBI). These research organizations comprise of lead-acid battery manufacturers, raw material suppliers, technology suppliers, research institutions, and a panel of specialists consisting of members from the world's leading lead-acid battery manufacturing companies and R&D companies. The members of CBI include key vendors operating in the lead-acid battery market in the US, such as C&D Technologies Inc. (C&D Technologies), Crown Battery Manufacturing Co. (Crown battery), EnerSys, and Exide Technologies. In addition, suppliers operating in the lead-acid battery market in the US, such as Cabot Corp., Daramic LLC, and Microporous LLC, are also part of the consortium, which is engaged in the continuous development of lead-acid batteries. The synergy between science and industry will drive innovation. These leading companies in the lead-acid battery industry perform pre-competitive R&D using some of the most advanced techniques, tools, and capabilities to improve the longevity of lead-acid batteries. Therefore, such collaborations will result in improved performance and a rise in demand for lead-acid batteries, which is expected to drive the lead acid battery market growth during the forecast period.

Major Lead Acid Battery Market Challenge in US

Declining costs of lithium-ion batteries may impede market growth. Lead-acid batteries are preferred to lithium-ion batteries mainly because of their low cost. Lead-acid batteries can also provide a high burst of instantaneous power, which is required for cranking applications in automobiles. However, lithium-ion batteries offer several advantages over lead-acid batteries. Lithium-ion batteries can offer superior performance owing to higher current density, longer power-holding capacity, and longer shelf life compared with lead-acid batteries. Thus, they are witnessing a high preference among end-users. The cost gap between different types of battery chemistries has declined rapidly during the past decade, owing to improved production scale and manufacturing efficiency. This decline is also a result of the increased adoption of battery technology in the automotive industry and the development of cost-effective production methods by vendors. Owing to the decrease in the manufacturing costs of lithium-ion batteries, their adoption is increasing across several battery applications, adversely affecting the demand for lead-acid batteries. As a result, the product offerings of vendors manufacturing lithium-ion batteries are becoming more competitive than substitute technologies such as lead-acid batteries. Moreover, several R&D projects focusing on improving the performance of lithium-ion batteries are in progress. Therefore, cost reductions, coupled with the enhanced performance of lithium-ion batteries, is expected to boost the sales of these batteries and subsequently hamper the growth of the lead-acid battery market in US during the forecast period.

US Lead Acid Battery Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

US Lead Acid Battery Market Customer Landscape

Who are the Major Lead Acid Battery Market Vendors in US?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

C and D Technologies Inc. - The company offers lead acid batteries such as flooded lead acid battery VLA and valve regulated lead acid VRLA batteries.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:

• C and D Technologies Inc.
• Camel Group Co. Ltd.
• Clarios
• Concorde Battery Corp.
• Crown Equipment Corp.
• East Penn Manufacturing Co. Inc.
• Energizer Holdings Inc.
• EnerSys
• Exponential Power Inc.
• HBL Power Systems Ltd.
• Johnson Controls International Plc
• Panasonic Holdings Corp.
• Power Sonic Corp.
• Robert Bosch GmbH
• Surrette Battery Co. Ltd.
• Teledyne Technologies Inc.
• Trojan Battery Co. LLC
• U.S. Battery Manufacturing Co.
• UPS Battery Center Ltd.
• Wirtz Mfg Co. Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segments in the US Lead Acid Battery Market?

The market share by the mobile segment will be significant during the forecast period. The mobile segment includes lead-acid batteries used in cars, internal combustion engine (ICE) vehicles Electric vehicles (EVs), commercial vehicles, and two-wheelers. The automotive industry requires lead-acid batteries for SLI (starting, lighting, ignition) in ICE vehicles and start/stop applications in conventional vehicles and EVs. The mobile segment is expected to witness stable growth during the forecast period owing to the growing demand for automobiles, especially in emerging economies as well as in developed markets such as the US.

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The mobile segment was valued at USD 3,478.41 million in 2017 and continued to grow until 2021. The demand for automotive lead-acid batteries is directly proportional to the automobile production volume. The automotive industry has grown in the past 10 years and is expected to grow further during the forecast period. The sale of passenger cars in the US increased by more than 25% from 2010 to 2022. In the mobile segment, the demand for ICE vehicles is expected to decline during the latter stage of the forecast period, which will subsequently affect the demand for lead-acid batteries. However, the rapid adoption of EVs and mild/micro hybrids will offset this decline in demand. Lead-acid batteries are used as auxiliary batteries in EVs and for start/stop applications. Most EVs use advanced lead-acid batteries as auxiliary batteries. Therefore, the growing demand for EVs and micro hybrids is expected to drive growth in the mobile segment during the forecast period. The demand for these vehicles is rising owing to favorable government policies and the increasing focus on reducing emissions from the transportation sector. Also, the stable demand for replacement batteries from the existing ICE vehicles are expected to continue to drive up the sales of lead-acid batteries during the forecast period.

Segment Overview

The lead acid battery market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Application Outlook (USD Million, 2017 - 2027)
  • Mobile
  • Stationary

• Type Outlook (USD Million, 2017 - 2027)
  • Flooded
  • Sealed

Parent Market Analysis

Technavio categorizes the lead-acid battery market in the US as a part of the global renewable electricity market within the global independent power and renewable electricity market. The parent global renewable electricity market covers companies engaged in the generation and distribution of electricity using renewable sources.

The global renewable electricity market size includes combined revenue generated by companies involved in the generation and distribution of independent power producers, gas and power marketing and trading specialists, and/or integrated energy merchants and renewable electricity. 

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What are the Key Data Covered in this Lead Acid Battery Market In US Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2027
• Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market industry across US
• Thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of market vendors

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