China Lead Acid Battery Market Size & Outlook, 2024-2030
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- Energy Storage
- Lead Acid Battery Market Outlook
- Energy Storage
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China lead acid battery market highlights
- The China lead acid battery market generated a revenue of USD 7,352.0 million in 2023 and is expected to reach USD 11,658.7 million by 2030.
- The China market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
- In terms of segment, automotive was the largest revenue generating application in 2023.
- UPS is the most lucrative application segment registering the fastest growth during the forecast period.
Lead acid battery market data book summary
| Market revenue in 2023 | USD 7,352.0 million |
| Market revenue in 2030 | USD 11,658.7 million |
| Growth rate | 6.4% (CAGR from 2024 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | UPS |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, UPS, Telecom, Electric Bikes, Transport Vehicles |
| Key market players worldwide | East Penn Manufacturing Co, EXIDE Industries, Johnson Controls International PLC, Northstar Recycling, GS Yuasa Corp, Crown Holdings Inc, Leoch International Technology Ltd |
Other key industry trends
- In terms of revenue, China accounted for 9.8% of the global lead acid battery market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China lead acid battery market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 9,594.2 million by 2030.
China is expected to be one of the promising markets in light of energy storage technologies and favorable government support to promote investments in manufacturing sectors. Growing popularity of lead acid batteries by applications including motive, and reserve is expected to augment market size over the forecast period.
Low cost and long-life span of batteries has helped for their high demand in the automotive market which is expected to propel industry growth over the forecast period.
Growing preference for motive battery along with increasing number of players including Chaowei Power Holdings, China Shoto, Coslight Technology International Group and Shandong Scared Sun Power Sources is expected to propel industry growth over the forecast period.
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Lead Acid Battery Market Scope
Lead Acid Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson Controls International PLC | View profile | 102,000 | One Albert Quay, Cork, Ireland, T12 X8N6 | www.johnsoncontrols.com |
| GS Yuasa Corp | View profile | 17,031 | 1, Inobanba-cho, Nishinosho, Kisshoin, Minami-ku, Kyoto, Japan, 601-8520 | www.gs-yuasa.com |
| Crown Holdings Inc | View profile | 25,000 | 14025 Riveredge Drive, Suite 300, Tampa, FL, United States, 33637-2015 | www.crowncork.com |
| EXIDE Industries | View profile | 10001+ | Kolkata, West Bengal, India, Asia | www.exideindustries.com/ |
| East Penn Manufacturing Co | View profile | 10001+ | Lyon Station, Pennsylvania, United States, North America | www.eastpennmanufacturing.com/ |
| Northstar Recycling | View profile | 101-250 | East Longmeadow, Massachusetts, United States, North America | northstarrecycling.com/ |
| Leoch International Technology Ltd | View profile | 14,364 | No.3 Hoi Shing Road, TML Tower, Unit C, 33rd Floor, Tsuen Wan, New Territories, Hong Kong | www.leoch.com |
China Lead Acid Battery Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Lead Acid Battery Market Outlook will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 64.19% in 2023.
Horizon Databook has segmented the China lead acid battery market based on automotive, ups, telecom, electric bikes, transport vehicles covering the revenue growth of each sub-segment from 2018 to 2030.
China is expected to be one of the promising markets in light of energy storage technologies and favorable government support to promote investments in manufacturing sectors. Growing popularity of lead acid batteries by applications including motive, and reserve is expected to augment market size over the forecast period.
Low cost and long-life span of batteries has helped for their high demand in the automotive market which is expected to propel industry growth over the forecast period.
Growing preference for motive battery along with increasing number of players including Chaowei Power Holdings, China Shoto, Coslight Technology International Group and Shandong Scared Sun Power Sources is expected to propel industry growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the China Lead Acid Battery Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Lead Acid Battery Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.