The U.S. lead acid battery market size is expected to
reach USD 14.4 billion by 2025, according to a new report by Grand View
Research, Inc., registering a 5.3% CAGR over the forecast period. Growing
demand for uninterruptible power supply or uninterruptible power source (UPS)
systems in sectors such as oil and gas, healthcare, and chemical will drive
market demand.
Robust manufacturing base
and rapid growth of the automotive industry in the U.S. will augment demand for
vehicle production and this will drive the demand for lead acid battery over
the upcoming years. Hybrid and electric vehicles will witness growth on account
of ongoing trend of substituting fuel with electric batteries. In addition, the
government’s stringent regulations on emission norms in order to safeguard the
environment and reduce degradation-based options are expected to play a
critical role in shaping the overall battery market.
Lead acid battery
manufacturing has witnessed significant technology upgradations during the past
few years. These trends have resulted in substantial reduction in manufacturing
cost of lead acid batteries. Carbon black additives are used in lead acid and expanders
as they aid in high power delivery and energy density. Moreover, these
additives enable battery developers to extract high efficiency and enhance the
life cycle of batteries.
The UPS market is
expected to witness substantial growth over the next few years, which can be
attributed to growing demand for high power range systems. Increasing trend
toward the adoption of UPS systems as an essential power-back up device is
expected to favorably impact product demand over the forecast period.
Industrial power,
including chemical, shipping, metal, and mining, is the most significant
application for lead acid batteries, owing to rapid industrialization in the
country. Large manufacturing base of chemical companies, along with presence of
multinationals like Bayer, BASF, Dow Chemical, and AkzoNobel, will increase
industry penetration over the forecast period.
Moreover, presence of
large steel manufacturers such as Hebei Iron & Steel Group, Baosteel Group
Corp, WISCO, Jiangsu Shagang Group, Shougang Group, Anshan Iron & Steel
Group, Shandong Iron & Steel Group, Maanshan Iron & Steel Co., Bohai
Iron & Steel Group, and Valin Group will aid market penetration.
Various companies use
these batteries on account of their low cost, high overcharge tolerance, high
discharge rates, and low self-discharge. Leading end users include BMW, Toyota,
Renault, Daimler, Tesla Motors, Hyundai, GM, Riello UPS, and EAPRO Global
Limited. Lead acid batteries can undergo smelting process in order to be
recycled and reused.
For full research report on U.S. Lead
Acid Battery Market visit here: https://www.grandviewresearch.com/industry-analysis/us-lead-acid-battery-market
Further key findings from the report
suggest:
- U.S. lead acid battery market was valued at over USD
9.9 billion in 2018, registering a CARG of 5.3% over the projected period
- Lead acid battery is 99% recyclable and is required
to meet the Hazardous Waste Recycling Regulations by the U.S. EPA. Carbon
black additives improve mechanical properties and have excellent
dispersion in both solvent and aqueous slurries. Carbon black additives
are used in positive and negative electrode to increase the electrode’s
electrical conductivity
- In 2018, the U.S. exported 1.8 million lightweight
vehicles and 131.2 thousand medium and heavy trucks to various countries
globally, creating demand for automotive production, thus propelling the
utilization of lead acid batteries
- Starting, Lighting and Ignition (SLI) was the
largest product segment in 2018 and accounted for 50.2% of the market
revenue in 2018
- Based on construction, the flooded lead acid battery
segment was the largest in 2018 and accounted for just under 60.0% of the
market revenue
- Some of the significant industry participants are
EnerSys, C&D Technologies, East Penn Manufacturing, Crown Battery,
NorthStar, Johnson Controls, B.B. Battery, Panasonic Corporation, Exide
Technologies, and CSB Battery Co., Ltd. (Acquired by Hitachi Chemical Co.,
Ltd.).
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/us-lead-acid-battery-market/request/rs1
Grand View Research has segmented the U.S. lead acid
battery market on the basis of product, construction, and application:
U.S. Lead Acid Battery Product Outlook
(Revenue, USD Million, 2014 - 2025)
- Stationary
- Motive/Traction
- Starting, Lighting and Ignition (SLI)
U.S. Lead Acid Battery Construction Outlook
(Revenue, USD Million, 2014 - 2025)
- Flooded
- ValveRegulated (VRLA)
U.S. Lead Acid Battery Application Outlook
(Revenue, USD Million, 2014 - 2025)
- Automotive
- Telecom
- UPS
- Electric Bikes
- Transport Vehicles
- Others
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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