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The stationary lead-acid (SLA) battery market's growth momentum will accelerate at a CAGR of 8.88% and the market share will increase by USD 4.46 billion from 2021 to 2026.
This stationary lead-acid (SLA) battery market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The stationary lead-acid (SLA) battery market report also offers information on several market vendors, including Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, Amara Raja Batteries Ltd., C and D Technologies Inc., Clarios, Coslight International Group, Crown Micro, East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., GS Yuasa Corp., Hankook and Co. Ltd., Hitachi Ltd., Leoch International Technology Ltd., MIDAC SpA, Zhejiang Narada Power Source Co. Ltd., Panasonic Corp., Rolls Battery, SEBANG GLOBAL BATTERY Co. Ltd., Shandong Sacred Sun Power Sources Co. Ltd., and Tianneng Battery among others.
This report extensively covers stationary lead-acid (SLA) battery market segmentations by:
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increased investment in green telecom is notably driving the stationary lead-acid (SLA) battery market growth, although factors such as shortfalls of lead-acid batteries may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the stationary lead-acid (SLA) battery industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Stationary Lead-Acid (SLA) Battery Market Driver
One of the key factors driving growth in the stationary lead-acid (SLA) battery market is the increased investment in green telecom. The global telecommunication industry has registered a significant surge in its growth, owing to a drop in telecom tariffs because of intense market competition. The rise in telecom subscriptions has driven the number of telecom tower installations. The growth in rural communication technologies helps in improving the economy of the region in many ways. An effective communication network ensures the improvement of public services, such as health and education. It also aids in creating employment and training opportunities, thereby enhancing economic growth. The growing demand for energy in the telecom sector is attracting investments and funding for the R and D of batteries. The emphasis on the use of green energy sources for powering telecom towers drives the global SLA battery market. Lead-acid batteries utilize 60%-80% of the recycled lead, as the energy used to process the recycled lead is lesser than that of the primary ore. This protects the environment from the toxic effects of lead and plastics and satisfies end-user requirements as they are price-sensitive.
Key Stationary Lead-Acid (SLA) Battery Market Trend
The development of advanced lead-acid battery is a stationary lead-acid (SLA) battery market trend that is expected to have a positive impact in the coming years. The most significant advantage of lead-acid batteries over other battery and energy storage technologies is the cost, as lead-based batteries cost much lower than lithium-ion batteries and NiMH batteries. Advanced lead-acid batteries are an upgrade over traditional lead-acid batteries as they provide superior performance and help in avoiding the disadvantages of traditional lead-acid batteries, such as a decline in the performance of the battery due to sulfation. These batteries are used for both on-grid and off-grid energy storage to provide reliable and continuous electricity. In automobiles, advanced lead-acid batteries are used primarily for a start/stop applications in micro-hybrid vehicles and EVs. The increasing need for industrial batteries and energy storage applications in electrical grids, off-grid, and microgrids is driving the demand for advanced lead-acid batteries. Several vendors are increasingly collaborating among themselves and investing in the R and D of advanced lead-acid batteries.
Key Stationary Lead-Acid (SLA) Battery Market Challenge
The shortfalls of lead-acid batteries will be a major challenge for the stationary lead-acid (SLA) battery market during the forecast period. Lead-acid batteries are widely used across the globe. Lead-acid batteries hold a cost advantage over other battery technologies and thus are preferred in several applications. However, they are heavier and less durable than substitute batteries, such as lithium-ion and nickel batteries. Compared with lithium-ion batteries, lead-acid batteries have lower energy density and lose the ability to accept a charge when discharged for too long due to sulfation (formation of lead sulfate crystals in the pores and the surface of the lead plates of batteries). Lead-acid batteries contain high levels of toxic lead oxide, a hazardous material that poses risks to the environment and human health. An increase in lead pollution due to the improper disposal of lead components is restricting the use of lead in batteries. Several lead-acid battery manufacturers have been ordered to close their plants in the past due to concerns over lead poisoning/pollution. Thus, the disadvantages of lead-acid batteries will restrict their usage across the globe.
This stationary lead-acid (SLA) battery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global stationary lead-acid (SLA) battery market as a part of the global renewable electricity market within the global independent power and renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the stationary lead-acid (SLA) battery market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the stationary lead-acid (SLA) battery market encompasses successful business strategies deployed by the key vendors. The stationary lead-acid (SLA) battery market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
hoppecke.com - The company offers stationary lead-acid batteries that have special feature which is the pocketing of the negative plates and this protects the active mass and effectively prevents short circuits, which ensures maximum reliability.
hoppecke.com - Under the unified product segment segment, the company offers comprehensive product range of batteries and cells to complete energy systems with the most modern charging technology, monitoring units, and engineering to consumption dependent energy billing. Company offers also offers power line batteries, systemizer, optimizer, ecomizer, and other products.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The stationary lead-acid (SLA) battery market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the stationary lead-acid (SLA) battery market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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58% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for stationary lead-acid (SLA) batteries in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The growing use of industrial lead-acid batteries in the renewable energy and industrial sectors will facilitate the stationary lead-acid (SLA) battery market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the regional market witnessed a significant decline in revenue, owing to the outbreak of COVID-19. In addition, telecom and UPS sales dropped, which led to a decline in the demand for SLA batteries. The initiation of vaccination drives led to the lifting of lockdown restrictions in 2021. This has increased the demand for SLA batteries in APAC. Thus, the market is expected to grow during the forecast period.
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The stationary lead-acid (SLA) battery market share growth by the telecom segment will be significant during the forecast period. Most global telecom tower installations utilize lead-acid batteries as the performance of other battery technologies decreases when additional systems are connected to the battery. Hence, lead-based batteries are best suited for telecom-based applications. ad-acid batteries provide energy-storing potential similar to the Li-ion battery technology when connected in a similar combination. Hence, lead-acid batteries are considered an efficient energy storage technology.
This report provides an accurate prediction of the contribution of all the segments to the growth of the stationary lead-acid (SLA) battery market size and actionable market insights on post COVID-19 impact on each segment.
Stationary Lead-Acid (SLA) Battery Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.88% |
Market growth 2022-2026 |
$ 4.46 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.38 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 58% |
Key consumer countries |
US, China, India, Japan, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, Amara Raja Batteries Ltd., C and D Technologies Inc., Clarios, Coslight International Group, Crown Micro, East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., GS Yuasa Corp., Hankook and Co. Ltd., Hitachi Ltd., Leoch International Technology Ltd., MIDAC SpA, Zhejiang Narada Power Source Co. Ltd., Panasonic Corp., Rolls Battery, SEBANG GLOBAL BATTERY Co. Ltd., Shandong Sacred Sun Power Sources Co. Ltd., and Tianneng Battery |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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