China Stationary Lead Acid Battery Market Size, Share & Trends Analysis Report By Applications (Telecommunication, Transportation Infrastructure, Building, Utilities, Oil & Gas, Off-grid Renewable), And Segment Forecasts, 2023 - 2030

Report Overview

The China stationary lead acid battery market size was valued at USD 3,447.48 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 2.9% from 2023 to 2030. The growth of China’s stationary lead acid battery industry is anticipated to be driven by huge demand in telecommunication, grid energy storage systems, and household off-grid electric power systems. China is the world's largest producer, exporter, and consumer of lead-acid batteries. In 2018, China made 27.81 million passenger vehicles. Lead-acid batteries are utilized in electric vehicles to start the motor and light the engine. As per the IEA, China accounted for the highest sales of 3.3 million for electric vehicle sales in 2021 globally. Due to the rising popularity of electric vehicles, the stationary lead acid battery market is expected to grow quickly in the coming years.

The robust manufacturing base of batteries in China along with the commitment of the government toward infrastructure development is expected to drive the battery market. Further, the growing FMCG companies in China are expected to augment the demand for stationary lead acid batteries, thereby driving the market over the forecast period. In addition, rapid industrialization, increasing government infrastructure spending, and increasing FDIs are expected to promote market growth.

Growing demand in the automotive industry, which is one of the largest end users of lead-acid batteries across the country is expected to augment the market growth. Rising awareness about the technical limitations of batteries, such as low energy density and weight of the battery, is expected to restrict the market growth.

Increasing demand for lead acid batteries in automotive, which are widely used for starting, lighting, and ignition offers an ideal choice for the industry. Their applications in the uninterruptible power supplies meeting the current hour need will fuel market demand. In addition, the rising demand for the recycling of lead-acid batteries, which has become a profitable business, is likely to help reduce the volume of lead being dumped into the environment. This is expected to contribute to the market growth over the coming years.

Application Insights

Based on Application, the China stationary lead acid battery market has been further divided into telecommunication, transportation infrastructure, building, utilities, oil & gas, and off-grid renewable.

Telecommunication held the largest revenue share of 52.18% in 2022. Stationary lead acid batteries are widely used in the telecommunication sector for uninterrupted power systems (UPS) systems. Batteries for network operations, backups, broadband, DSL, fiber optic distribution, and other such applications are used widely and in critical cases. They are widely used in energy storage and power backups. Lead acid batteries are widely used in the telecommunication industry for standby applications. The demand for VRLA batteries is expected to have significant growth as flooded batteries demand regular maintenance. Chinese telecommunication sector growing steadily owing to the rapid growth of China’s 5G and gigabit optic fiber network. As of 2021, China has 1.43 million base stations which is the biggest 5G network in the world.

Transportation infrastructure holds a significant share of China’s stationary lead acid battery industry. Stationary lead-acid battery finds application in EV power stations, docking facilities, refueling stations, and airports. Chinese electronic vehicle industry is growing rapidly with 1.15 million EV power stations as of 2021 which makes the world’s largest EV charging stations network. Stationary lead acid batteries are also utilized in residential and commercial buildings in UPS systems for backup power. An increase in the construction of buildings like warehouses, corporate offices, hospitals, and schools is expected to augment the growth of the stationary lead acid battery market in China.

The utilities segment includes power generation and energy storage. The growing demand for heavy-duty and efficient energy storage and backup systems in power transmission and renewable power generation sectors is another driving factor that is likely to provide lucrative opportunities in the market. According to U.S. Energy Information Administration, as of 2021, China is the 5^th largest producer of oil & gas globally. Demand for stationary lead acid batteries in UPS systems in oil & gas production facilities is expected to be driven by the growth of the oil & gas industry during the forecast period. According to Asia Europe Clean Energy Solar Advisory, China’s annual solar cell production capacity increased to 600 GW from 361 GW which is expected to foster the demand for lead acid batteries used in solar inverters in the country.

Key Companies & Market Share Insights

The China stationary lead acid battery industry is competitive with key participants involved in R&D and constant innovation done by the vendors has become one of the most important factors for companies to perform in this industry. Some prominent players in the China stationary lead acid battery market include:

• Camel Group

• Chaowei Power Holdings Limited

• Chilwee

• China Shipbuilding Industry Corporation

• Desay Battery Co.

• GS Battery

• Leoch Battery

• Narada

• Shuangdeng

• Tianneng Group

• Xiongtao Vision

China Stationary Lead Acid Battery Market Report Scope

China Stationary Lead Acid Battery Market Segmentation

This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the China stationary lead acid battery market report based on application:

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Telecommunication

  • Transportation Infrastructure

  • Building

  • Utilities

  • Oil & Gas

  • Off-grid Renewable