Automotive Lead Acid Battery Market to Deliver Prominent Growth & Striking Opportunities During 2018 – 2027

Press Release : March 27, 2020
Automotive Lead Acid Battery Market to Deliver Prominent Growth & Striking Opportunities During 2018 – 2027

Market Overview

An automotive lead acid battery also referred to as starting, lighting, & ignition (SLI) battery is a rechargeable battery mainly used for igniting a vehicle’s engine and supplying electric current to an automobile. The primary goal of automotive lead acid battery is to provide the starter, which starts the engine. The lead acid battery is comprised of two different types of lead in an acid mixture that perform an electrochemical reaction, converting chemical energy into electric current and leading to the production of voltage in an automobile. Apart from supplying power to run the vehicle, lead acid batteries provide voltage to vehicle accessories such as music player, air conditioner charging plugs, radio, and wipers.

The global automotive lead acid battery market accounted US$ 24,121.0Mn in terms of value and 259,845.0 Thousand Units in terms of volume in 2019

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Market dynamics

Increasing demand of lead acid batteries in electric vehicles is expected to drive the global lead acid battery in automotive market in the forecast period. Automotive industry is shifting from IC engine vehicles to electric vehicles. This shift is due to advancement of electric vehicles technologies and initiative from electric vehicle companies such as Tesla which are making huge development in battery technologies.

Moreover, Lead-Acid battery provides advantages over the Li-ion batteries such as less sensitivity towards temporaries, constant voltage and others. Though electric vehicles are shifting towards Lithium ion batteries however for certain advantages of lead acid batteries over the Lithium ion batteries are expected to drive the global automobile lead acid battery market in the forecast period.

Detailed Segmentation:

Global Automotive lead acid battery Market, By Battery Type:

Flooded

Enhanced Flooded

AGM

Global Automotive lead acid battery Market, By Sales Channel:

OEM

Aftermarket

Global Automotive lead acid battery Market, By Vehicle Type:

Passenger car

Light commercial vehicle

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Key companies operating in the global automotive lead acid battery market are Exide Technologies, Enersys Inc., FIAMM S.p.A, Johnson Controls Inc., Exide Industries, GS Yuasa Corporation, CSB Battery Technologies, Panasonic Corporation, East Penn Manufacturing Company, and Leoch International Technology Limited. 

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