Market Size of North America Lead Acid Battery Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.85 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Lead acid battery Market Analysis
The North American lead acid battery market is expected to witness moderate growth during the forecast period, registering a CAGR of 4.85% between 2022-2027. Factors such as growing demand from the automotive industry coupled with increasing applications in other end-user industries such as railways are expected to drive the market during the forecast. However, the alternate technologies, mainly, lithium-ion are expected to disrupt the growth primarily owing to their decreasing costs as well as technical advantages.
- SLI Battery segment is the fastest growing segment in the North American battery market during the forecast period. SLI (Starting, Lighting, and Ignition), owing to the large vehicle fleet of the country translates into large volumes of lead-acid battery sales.
- Advances in lead-acid battery technology to increase storage density, extend usable service life, and improve cold-weather performance at a comparatively lower cost than modern battery technologies are expected to provide a significant opportunity to the market players.
- The United States is one of the major hotspots for industrial batteries across the world on account of robust industrial infrastructure, surging deployment of battery-based energy storage projects, and expansion in renewable power infrastructure. Moreover, the favorable policy toward the deployment of renewable energy and residential distributed energy systems in the United States is likely to drive the battery market in the coming years.
North America Lead acid battery Industry Segmentation
The North America lead acid battery market report includes:
| Application | |
| SLI (Starting, Lighting, and Ignition) Batteries | |
| Stationary Batteries (Telecom, UPS, Energy Storage Systems (ESS), etc.) | |
| Portable Batteries (Consumer Electronics, etc.) | |
| Other Applications |
| Countries | |
| United States | |
| Canada | |
| Rest of North America |
North America Lead Acid Battery Market Size Summary
The North American lead acid battery market is poised for moderate growth, driven by increasing demand from the automotive sector and expanding applications in industries such as railways. The SLI (Starting, Lighting, and Ignition) battery segment is anticipated to be the fastest-growing, fueled by the large vehicle fleet in the region. Despite the rise of alternative technologies like lithium-ion batteries, advancements in lead-acid battery technology, such as improved storage density and cold-weather performance, present significant opportunities for market players. The United States, with its robust industrial infrastructure and favorable policies towards renewable energy, is a key player in this market, supporting the growth of lead-acid batteries in both automotive and industrial applications.
The United States stands out as a major hub for lead-acid batteries, largely due to its substantial automobile market and production capabilities. The country’s automotive sector, home to major manufacturers like Ford and General Motors, relies heavily on lead-acid batteries for SLI applications. Additionally, the high recyclability rate of lead-acid batteries offers a competitive edge over lithium-ion batteries, particularly in the electric vehicle market. The U.S. government's increased military spending is also expected to boost demand for lead-acid batteries in military applications. The market is moderately fragmented, with key players like Clarios and EnerSys, and recent investments in battery production and recycling facilities are set to enhance the region's capacity to meet growing global demand for energy storage solutions.
North America Lead Acid Battery Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Force Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 SLI (Starting, Lighting, and Ignition) Batteries
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2.1.2 Stationary Batteries (Telecom, UPS, Energy Storage Systems (ESS), etc.)
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2.1.3 Portable Batteries (Consumer Electronics, etc.)
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2.1.4 Other Applications
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2.2 Countries
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2.2.1 United States
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2.2.2 Canada
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2.2.3 Rest of North America
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North America Lead Acid Battery Market Size FAQs
What is the current North America Lead Acid Battery Market size?
The North America Lead Acid Battery Market is projected to register a CAGR of greater than 4.85% during the forecast period (2024-2029)
Who are the key players in North America Lead Acid Battery Market?
Clarios (a subsidiary of Brookfield Business Partners) , EnerSys, C&D Technologies Inc, Leoch International Technology Limited and GS Yuasa Corporation are the major companies operating in the North America Lead Acid Battery Market.
