R&D Efforts Aimed at Evolving the Lead Acid Technology to Meet Emerging Automotive Engineering Design, Performance & Environmental Challenges to Benefit Growth in the Market

The global market for Automotive Lead Acid Batteries is forecast to reach 623.5 million units by 2024, driven by continuous R&D efforts and new technology breakthroughs aimed at helping the lead acid technology meet emerging automotive engineering design, performance and environmental challenges.

As the most important portable power source, batteries are vital for an optimally functioning automobile. The battery supplies electrical power to the starter motor and the ignition system required to start the engine. It provides the electrical juice required to keep the vehicle up, running and in motion at all times. In modern automobiles, batteries play a vital role that goes beyond the starting and charging systems and electrical lighting. The increasing proliferation of electronic systems in the car had additionally catalyzed the importance of batteries. Batteries today support additional electrical loads exerted by electronic sub-systems such as electric power steering, electronic safety systems, electric roll stabilization, electric AC compressor, electric heating, infotainment systems, X-by-Wire systems, navigation systems, entertainment screens, and dashboards etc. Defined as an electrochemical device that converts chemical energy to mechanical energy and then back again to chemical energy, batteries will continue to play a major role in automobiles with internal combustion engines.

The prominence of lead-acid batteries in automotive industry can be put to perspective by the fact that the auto industry accounts for about two-thirds of worldwide lead acid battery consumption. Also, Lead acid battery with a 95% recycling efficiency is a cost-effective technology compared to other batteries. Growing prominence of electric vehicles is driving strong focus on technological advancements in the lead-acid batteries market. Technological advances has brought forth a new genre of long-lasting, lead- acid batteries featuring smaller size and light in weight attributes. The lead battery chemistry in addition to being inexpensive is also dependable for use in critical power applications like in automobiles. Charging a lead acid battery is simple and hassle free. Also, technology advancements have made lead acid battery maintenance even easier with the development of maintenance-free "sealed" valve-regulated lead acid (VRLA) batteries. Few of the advantages of rechargeable standard lead acid batteries which have helped entrenched their use in automobiles include cheapest battery technology to manufacture, low technological complexity, large current capability, high tolerance to overcharging, longer/prolonged storage capability, low internal impedance, ability to deliver high currents, recyclable benefits, and compatibility for trickle or float charge for prolonged periods.

Few of the major factors driving growth in the market include stable automobile production trends worldwide; stringent environmental regulations that favor lead acid as the least polluting battery technology; rising motorization rates worldwide and a parallel opening up of the addressable market opportunity in the aftermarket; high electrical loads associated with rapid electronification of automobiles and the ensuing high risk of premature battery depletion and need for replacement; rising production of micro-hybrids amidst the growing acknowledgment of the urban-driving advantages of stop-start systems and the resulting increase in demand for AGM batteries.

As stated by the new market research report on Automotive Lead Acid Batteries, Asia-Pacific represents the largest market worldwide supported by growing per capita vehicle ownerships trends, developing transport infrastructure and the relative price competitiveness of lead acid in comparison to other battery technologies. The Middle East and Africa represents the fastest growing market with a CAGR of 6% over the analysis period led by the development of automotive markets in these regions.   

Major players in the market include AC Delco Corporation, ATLASBX Co., Ltd., Banner Batteries, B.B. Battery, Camel Group Co., Ltd., Crown Battery, East Penn Manufacturing Company, Inc., ENERSYS, Exide Technologies, F.I.A.M.M SpA, Firefly International Energy Co., FIRST NATIONAL BATTERY, Fujian Quanzhou Dahua Battery Co. Ltd., Furukawa Battery Co. Ltd., GS Yuasa Corporation, Hitachi Chemical Energy Technology Co., Ltd, Johnson Controls, Inc., Leoch Battery Corporation, Lion Batteries Holdings Pty Ltd.,
Narada Power Source Co., Ltd., Trojan Battery Company, Yokohama Batteries, and ZIBO TORCH ENERGY CO., LTD. among others.

The research report titled “Automotive Lead Acid Batteries - Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies.  The report provides market estimates and projections for all major geographic markets such as the U.S., Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Rest of World. Product segments analyzed in the report include Original Equipment Market (Motorcycles, Passenger Cars, and Commercial Vehicles) and Aftermarket/Replacement Market (Motorcycles, Passenger Cars and Commercial Vehicles).

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