What is Global Stationary Lead Acid Battery Market?
The Global Stationary Lead Acid Battery Market is a vast and dynamic sector that encompasses a wide range of products and applications. Stationary Lead Acid Batteries, also known as SLABs, are rechargeable batteries that store energy through a reversible chemical reaction between lead and sulfuric acid. These batteries are widely used in various industries due to their high energy density, long lifespan, and relatively low cost. The global market for these batteries was valued at a significant US$ 9480.5 million in 2022. This value is expected to increase to US$ 12600 million by 2029, indicating a steady Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period from 2023 to 2029.
2 V, 4 V, 6 V, 8 V, 12V, 16 V, Others in the Global Stationary Lead Acid Battery Market:
The Global Stationary Lead Acid Battery Market is segmented based on voltage into 2 V, 4 V, 6 V, 8 V, 12V, 16 V, and others. Each of these segments has its unique applications and characteristics. The 2V batteries are commonly used in telecommunication systems and emergency lighting, while the 4V batteries are popular in security systems and cable television/broadcasting. The 6V and 8V batteries are typically used in utility/switchgear and railway backup systems. The 12V and 16V batteries are often used in uninterruptible power systems and renewable energy applications. The 'Others' category includes batteries with different voltages that are used in various other applications.
Telecommunication Applications, Uninterruptible Power System, Utility/Switchgear, Emergency Lighting, Security System, Cable Television/Broadcasting, Oil and Gas, Renewable Energy, Railway Backup in the Global Stationary Lead Acid Battery Market:
The Global Stationary Lead Acid Battery Market finds extensive usage in several areas such as Telecommunication Applications, Uninterruptible Power System, Utility/Switchgear, Emergency Lighting, Security System, Cable Television/Broadcasting, Oil and Gas, Renewable Energy, and Railway Backup. In Telecommunication Applications, these batteries provide reliable backup power to ensure uninterrupted service. In Uninterruptible Power Systems, they provide emergency power to prevent data loss and equipment damage during power outages. In Utility/Switchgear, they are used to provide power for control and protection of electrical equipment. In Emergency Lighting, they provide power to ensure safety during emergencies. In Security Systems, they provide power to ensure continuous operation. In Cable Television/Broadcasting, they provide power for signal transmission. In Oil and Gas industry, they are used for power supply in remote locations. In Renewable Energy sector, they are used for energy storage. In Railway Backup, they provide power for signal and communication systems.
Global Stationary Lead Acid Battery Market Outlook:
The market outlook for the Global Stationary Lead Acid Battery Market is quite promising. The market was valued at US$ 9480.5 million in 2022 and is projected to reach US$ 12600 million by 2029, growing at a CAGR of 4.1% during the forecast period from 2023 to 2029. The market is dominated by key players such as Exide, Enersys, Hitachi Chemical Energy Technology, and Leoch, which collectively account for about 50% of the market share. China is the largest regional market, accounting for about 35% of the global market share. This indicates the significant role of China in the global market and its potential for future growth.
| Report Metric | Details |
| Report Name | Stationary Lead Acid Battery Market |
| Accounted market size in 2023 | US$ 9902.2 million |
| Forecasted market size in 2029 | US$ 12600 million |
| CAGR | 4.1 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Exide, Enersys, Hitachi Chemical Energy Technology, Leoch, GS Yuasa Corporate, Hoppecke, Narada Power, Ritar Power, Amara Raja, Sacred Sun Power Sources, C&D Technologies, Trojan, THE FURUKAWA BATTERY, EAST PENN Manufacturing, Banner batteries, Coslight Technology, Haze, NorthStar Battery, CGB, First National Battery, Midac Power, BNB Battery |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
