What is the global automotive lead-acid battery market value in 2023?

The global automotive lead-acid battery market reached a value of US$ 13.3 Billion in 2023. As per the analysis by IMARC Group, the leading companies in the automotive lead-acid battery market are engaged in product innovations to expand their product portfolio.

What is the global lead acid battery market value?

The global lead acid battery market reached a value of US$ 34.3 Billion in 2023. Lead acid batteries are rechargeable energy storage devices comprising an anode and cathode as positive and negative terminals. They are connected by the electrolyte to generate electricity through electrochemical reactions.

Who are the major players in the automotive lead-acid battery market?

Exide Technologies Inc., GS Yuasa International Ltd, Panasonic Corporation, and Leoch International Technology Limited Inc, among others, are the major players in the global automotive lead-acid battery market. The global automotive lead-acid battery market is expected to grow at a CAGR of about 3.2 % in the forecast period of 2022-2027.

What is the largest lead-acid battery market?

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.

Which country has the largest lead acid battery market?

Asia Pacific holds the dominant lead acid battery market share, with China, India, Japan, South Korea, and Australia being the key Asian Pacific market contributors. Some factors driving this region's growth are high automobile production and sales, rapid industrialization, population growth, and the increasing demand for UPS systems.

What are the future opportunities for the lead acid battery market?

In order to benefit from the increasingly apparent opportunity for boosted revenue generation streams, major telecom players continue to invest in expanding and developing their processes and operations, creating future opportunities for the lead acid battery market.