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Europe Lead-acid Battery Market Size (2024 - 2029)

The Europe Lead-acid Battery Market is projected to experience growth over the forecast period, driven by the expanding automotive sector and the increasing adoption of battery energy storage systems. However, the market's expansion may face challenges due to the rising popularity of lithium-ion batteries and the surge in electric vehicle sales. Despite these challenges, the market is expected to benefit from significant opportunities arising from increased investments in off-grid solar installations. Germany is anticipated to lead the market, attributed to its substantial presence of automobile manufacturers.

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Market Size of Europe Lead-acid Battery Industry

Europe Lead-acid Battery Market Summary
Study Period 2019- 2029
Base Year For Estimation 2023
Market Size (2024) USD 8.84 Billion
Market Size (2029) USD 12.30 Billion
CAGR (2024 - 2029) 6.80 %
Market Concentration Medium

Major Players

Europe Lead-acid Battery Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Lead-acid Battery Market Analysis

The Europe Lead-acid Battery Market size is estimated at USD 8.84 billion in 2024, and is expected to reach USD 12.30 billion by 2029, growing at a CAGR of 6.80% during the forecast period (2024-2029).

  • Over the medium term, factors such as the growing automotive sector and adoption of battery energy storage systems (BESS) are expected to drive the lead-acid battery market in Europe during the forecast period.
  • On the other note, rising adoption of lithium-ion batteries and increasing electric vehicle sales are likely to restrain the growth of the lead-acid battery market over the coming years.
  • Nevertheless, increased off-grid solar installation investment is estimated to provide a significant opportunity for the lead acid market in Europe. 
  • Germany is likely to dominate the lead acid battery market in Europe due to the higher presence of automobile manufacturers in the country.

Europe Lead-acid Battery Industry Segmentation

The lead-acid battery is a rechargeable battery that consists of two electrodes submerged in an electrolyte of sulfuric acid. The positive electrode is made of grains of metallic lead oxide, while the negative electrode is attached to a grid of metallic lead. 

The Europe lead-acid battery market is segmented by application, technology, and geography. By application the market is segmented into SLI (Starting, Lighting, and Ignition) Batteries, Stationary Batteries (Telecom, UPS, Energy Storage Systems (ESS), etc.), Portable Batteries (Consumer Electronics, etc.), and Other Applications. By technology the market is segmented into flooded and valve regulated battery. The report also covers the market size and forecasts for the Europe lead-acid battery market across major countries. For each segment, the market sizing and forecasts have been done based on revenue (USD).

Application
SLI (Starting, Lighting, Ignition) Batteries
Stationary Batteries (Telecom, UPS, Energy Storage Systems (ESS), etc.)
Portable Batteries (Consumer Electronics, etc.)
Other Applications
Technology
Flooded
VRLA (Valve Regulated Lead-acid)
Geography
Germany
United Kingdom
France
Spain
Italy
NORDIC
Turkey
Russia
Rest of Europe
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Europe Lead-acid Battery Market Size Summary

The Europe lead-acid battery market is poised for significant growth over the forecast period, driven by the expanding automotive sector and the increasing adoption of battery energy storage systems. Despite the rising popularity of lithium-ion batteries and the surge in electric vehicle sales, lead-acid batteries continue to find substantial demand, particularly in applications requiring reliable power for starting, lighting, and ignition. The telecom industry also relies heavily on these batteries to ensure a consistent power supply for mobile towers and field facilities. Germany stands out as a dominant player in this market, largely due to its robust automotive industry and the presence of major automobile manufacturers, which bolsters the demand for lead-acid batteries.

The market landscape in Europe is characterized by a semi-fragmented structure, with key players such as BAE Batterien GmbH, Exide Technologies Inc., and GS Yuasa Corporation leading the charge. Strategic initiatives, like the partnership between ACE Green Recycling and Glencore plc, aim to establish a circular supply chain for recycled battery materials, enhancing sustainability. Additionally, new production facilities, such as HOPPECKE Batterien GmbH & Co. KG's plant in Poland, are set to meet the growing demand for lead-acid batteries, particularly in the data center and telecom sectors. These developments underscore the ongoing relevance and adaptability of lead-acid batteries in a rapidly evolving technological landscape.

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Europe Lead-acid Battery Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD, till 2029

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

        1. 1.5.1.1 Increasing Sales of Automobiles

        2. 1.5.1.2 Growing Adoption of Battery Energy Storage Systems (BESS)

      2. 1.5.2 Restraints

        1. 1.5.2.1 Rising Emphasis on Lithium-Ion Batteries

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitute Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application

      1. 2.1.1 SLI (Starting, Lighting, Ignition) Batteries

      2. 2.1.2 Stationary Batteries (Telecom, UPS, Energy Storage Systems (ESS), etc.)

      3. 2.1.3 Portable Batteries (Consumer Electronics, etc.)

      4. 2.1.4 Other Applications

    2. 2.2 Technology

      1. 2.2.1 Flooded

      2. 2.2.2 VRLA (Valve Regulated Lead-acid)

    3. 2.3 Geography

      1. 2.3.1 Germany

      2. 2.3.2 United Kingdom

      3. 2.3.3 France

      4. 2.3.4 Spain

      5. 2.3.5 Italy

      6. 2.3.6 NORDIC

      7. 2.3.7 Turkey

      8. 2.3.8 Russia

      9. 2.3.9 Rest of Europe

Europe Lead-acid Battery Market Size FAQs

The Europe Lead-acid Battery Market size is expected to reach USD 8.84 billion in 2024 and grow at a CAGR of 6.80% to reach USD 12.30 billion by 2029.

In 2024, the Europe Lead-acid Battery Market size is expected to reach USD 8.84 billion.

Europe Lead-acid Battery Market Report Snapshots

Europe Lead-acid Battery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)