Enjoy complimentary customisation on priority with our Enterprise License!
The stationary lead-acid (sla) battery market size is forecast to increase by USD 4.02 billion at a CAGR of 8.12% between 2023 and 2028.
The stationary lead-acid (sla) battery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The telecom segment is estimated to witness significant growth during the forecast period.
Lead-acid batteries, a cost-effective energy storage solution, offer comparable energy potential to more advanced technologies like lithium-ion batteries when integrated into larger networks. These systems include cooling systems, interconnections, battery management systems, and safety equipment. In telecom applications, lead-acid batteries are preferred due to their reliability and performance in such complex setups. Sealed lead-acid batteries are widely used in uninterruptible power supply (UPS) systems and hybrid energy storage solutions, contributing to grid modernization and renewable energy integration. Life cycle testing and capacity testing ensure the longevity and efficiency of lead-acid batteries, which are crucial for emergency power and backup systems.
Remote monitoring and battery maintenance schedules optimize the battery's performance and extend its cycle life. Lead-acid batteries play a significant role in energy efficiency, energy management, and energy storage for various applications, including electric vehicles, deep cycle batteries, and float service. Safety standards and regulations govern the use of lead-acid batteries, ensuring their environmental impact is minimized during manufacturing, usage, and disposal. Innovations in lead-acid battery technology, such as performance testing and battery analytics, enhance the batteries' capabilities and contribute to the growth of the stationary batteries market. Lead-acid batteries are also integral to the smart grid, providing power reliability for distributed energy resources, off-grid power, and disaster preparedness.
The integration of lead-acid batteries in wind energy, solar energy, and material handling applications further expands their reach. Despite the competition from lithium-ion batteries, lead-acid batteries continue to offer cost optimization and a proven track record in various industries.
The Telecom segment was valued at USD 3.24 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 59% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in APAC is experiencing significant growth due to the increasing adoption of industrial lead-acid batteries in the renewable energy and industrial sectors. Countries like Japan, China, Australia, India, South Korea, Taiwan, and Singapore are major contributors to this market growth. Manufacturers from developed countries are relocating their bases to China to leverage the cost advantages of low labor and raw material costs, as well as timely delivery. In the telecom sector, the SLA battery market is projected to expand rapidly due to the growing demand for uninterruptible power supply (UPS) systems and hybrid energy storage solutions.
Grid modernization and energy efficiency are key drivers for the adoption of SLA batteries in the power sector. Renewable energy sources, such as wind and solar, are increasingly being integrated into the grid, necessitating energy storage solutions for power stability. Battery efficiency, cycle life, and safety standards are crucial factors influencing the market. Remote monitoring and battery maintenance have become essential for optimizing battery performance and reducing operating costs. Lead-acid battery recycling is a significant environmental concern, and regulations are being implemented to minimize the environmental impact of battery disposal. In the industrial sector, deep cycle batteries are widely used for material handling and distributed energy resources.
The market for backup power solutions, including emergency power and disaster preparedness, is also growing. UPS systems, battery testing, and performance testing are essential for ensuring power reliability and energy management. Battery analytics and battery management systems are becoming increasingly important for optimizing battery performance and extending battery life. The market for lithium-ion batteries is gaining popularity, but SLA batteries continue to dominate the market due to their cost-effectiveness and proven reliability. The SLA battery market is expected to continue growing due to the increasing demand for energy storage solutions in various applications, including electric vehicles, data centers, and off-grid power.
The market is also being driven by the need for power resilience and energy independence, particularly in the context of grid modernization and renewable energy integration.
Our researchers analyzed the data with 2023 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.
The stationary lead-acid (sla) battery market forecasting 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 stationary lead-acid (sla) battery market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, stationary lead-acid (sla) battery market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH - Stationary lead-acid batteries from our company boast a distinctive feature: pocketed negative plates. This design safeguards the active mass, thereby preventing short circuits and enhancing overall reliability. By isolating each negative plate, this innovation minimizes the risk of electrical shorts, ensuring optimal battery performance and longevity. This cutting-edge technology sets our batteries apart from competitors, delivering unparalleled dependability and efficiency.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The stationary lead-acid battery market continues to evolve, driven by the growing demand for reliable and efficient energy storage solutions across various sectors. Sealed lead-acid batteries, a popular choice for uninterruptible power supply (UPS) systems and hybrid energy storage, undergo rigorous capacity testing and life cycle analysis to ensure optimal performance. In the context of grid modernization, lead-acid batteries contribute to power resilience and reliability, enabling the integration of renewable energy sources and reducing operating costs. Battery efficiency and energy management are key considerations in the evolving energy landscape. Lead-acid batteries, with their proven track record in backup power applications, are being adopted for emergency power, deep cycle, and float service in data centers and electric vehicles.
The market's dynamics are further shaped by the development of battery analytics, remote monitoring, and battery management systems, which facilitate cost optimization and performance testing. The stationary battery market is also influenced by regulations and safety standards, with lead-acid batteries undergoing regular testing and innovation to meet evolving requirements. The integration of smart grid technologies, such as flow batteries and grid-scale storage, enhances the overall energy efficiency and flexibility of the power supply. In the context of disaster preparedness, lead-acid batteries play a crucial role in off-grid power applications, ensuring energy independence and power reliability. Battery disposal and recycling are essential aspects of the stationary lead-acid battery market, with ongoing efforts to minimize the environmental impact and promote sustainable practices.
The market's continuous dynamism is further shaped by the emergence of alternative technologies, such as lithium-ion batteries, and the evolving discharge rate requirements in various applications. In summary, the stationary lead-acid battery market is characterized by its ongoing evolution and the seamless integration of various applications, from smart grid and renewable energy to material handling and emergency power. The market's continuous growth is driven by the need for reliable, efficient, and cost-effective energy storage solutions, with a focus on performance, safety, and sustainability.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Stationary Lead-Acid (SLA) Battery Market insights. See full methodology.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
151 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 8.12% |
|
Market growth 2024-2028 |
USD 4016.6 million |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
7.51 |
|
Key countries |
China, US, India, Japan, and Germany |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this stationary lead-acid (sla) battery market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
