Revenue (2023): Approximately $1. Regional Strengths: Strong presence in South Asia, Africa, and Southeast Asia. Overview: Exide Industries is a leading manufacturer of lead-acid batteries, serving a wide range of batteries, Exide Industries caters to automotive, industrial, and renewable energy. The company is recognized for its.
According to Reports & Data, the global lead acid battery market size is expected to reach US$ 138.03 Billion in 2032. The global lead acid battery market is estimated to be valued at US$ 87.20 Billion in 2022 and is projected to increase at a CAGR of 4.7 % in the forecast period from 2022 to 2032.
Which country is the largest market for lead acid batteries?
North America is anticipated to be the largest market for lead acid due to the matured and developed automobile sector in the region. The presence of leading automobile companies, such as Toyota, Ford Motor Company, General Motors, and Fiat Chrysler Automobiles has augmented the demand for lead acid batteries in the region.
In terms of application, Automotive Starter is the largest market, with a share over 53%. This report is a detailed and comprehensive analysis for global Lead-acid Battery market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application.
Key lead acid battery market players include Leoch International Technology Ltd., Yokohama Group of Companies, Enersys, Exide Industries Ltd., GS Yuasa Corporation, Hoppecke Batterien GmbH & Co. KG., Crown Battery, C&D Technologies, Inc., NorthStar, and East Penn Manufacturing Company.
Will advanced technology improve lead acid batteries production?
"Key players are expected to integrate advanced technologies in their production process to ensure efficiencies in their offering of lead acid batteries," opines Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).
Another go-to strategy of players in the lead acid battery industry includes mergers and acquisitions. Leading players are further seen integrating the latest technologies like advanced grid designs, separators, etc. to enhance battery characteristics and reliability. Industry participants are also focusing on cost optimization and efficiency.