Published by mark itwired
Posted on September 27, 2021
4 min readLast updated: February 2, 2026
The lead acid battery market is set to grow at a 5.4% CAGR, driven by electric vehicle adoption and sustainability trends, despite short-term COVID-19 impacts.
Theglobal lead acid battery market is set for positive growth through 2030, expanding at a CAGR of 5.4% and surpassing a value pool of US$ 111.6 Bn by 2030-end. These findings are the results of Future Market Insights’ recently published research report on the subject.
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Presently, lead acid batteries find extensive usage as the primal energy source across the transportation, industrial, residential, commercial, grid storage and automotive sectors. Ranking high on the sustainability index, adoption of lead acid batteries is acquiring traction as it consumes thrice the lesser amount of energy per kilo watt hour, making them technically superior to lithium-ion batteries.
The electronic vehicle revolution has provided fertile ground for the proliferation of lead acid batteries as these vehicles extensively utilize them to power their systems. According to an estimate, the ignition procedure in electric vehicles is expected to eliminate at least over 4 million tons of greenhouse gas emissions annually. The aftermarket prospects also appear bright for lead acid battery OEMs as frequent battery servicing and replacement need to be conducted.
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The COVID-19 pandemic has dented near-term growth prospects as a result of the onset of a global economic recession. Cessation of business activities across key end-use industries such as manufacturing and automotives has reduced demand for lead acid batteries as an assembly component. These business suspensions are attributed to government calls for maintaining social distancing through the imposition of nationwide lockdowns. However, with these restrictions being lifted in certain countries, growth trajectory is gradually returning to its normal pace, reinforcing the pre-determined forecasts.
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A recent market study published by Future Market Insights on the Lead Acid Battery market includes global industry analysis for 2016-2020 and opportunity assessment for 2021-2031, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical and current growth parameters of the Lead Acid Battery market, the growth prospects of the market are obtained with maximum precision.
The post Lead Acid Battery Market 2021 Outlook, Current and Future Industry Landscape Analysis 2031 first appeared on Market Research Blog.
The article discusses the growth outlook of the lead acid battery market, focusing on its future landscape up to 2031.
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