The lead acid battery market is slated to record significant gains over the timeframe 2021-2027 due to increasing consumer disposable income, rapid investments toward grid infrastructure, rising preference toward personal mobility, and soaring demand for reliable power supply. The adoption of lead acid batteries in electronics, photovoltaic systems, power stations will also contribute towards market growth. Lead acid batteries are known to be inexpensive, convenient and tend to work for numerous battery power applications.

These types of batteries generally come under the classification of rechargeable as well as secondary batteries. Lead acid battery also have an established and mature technology base. Besides, these are mostly used in photovoltaic systems, substations and power stations owing to its low cost and higher cell voltage. In addition, these types of battery are ideal for their use in vehicles, further supplying power for everything right from the start, to electronics and a lot more.

The lead acid battery market is bifurcated in terms of application, construction, sales channel, and regional landscape. With respect to application, the market for lead acid battery is categorized into SLI, motive, and stationary. Among these, SLI segment will witness robust growth over the coming years owing to the high cranking performance of batteries. It is a lead acid and rechargeable type of battery which is largely used in automobiles.

Talking of the construction spectrum, the lead acid battery market is divided into VRLA, and flooded. Among these the VRLA segment will witness substantial growth over the coming time period. Hassle free installation features and high-power density will further stimulate the VRLA demand.

VRLA or valve regulated lead acid batteries are also referred as a sealed type of lead acid battery. These batteries do not require any additional water or electrolyte and are considered low-maintenance or maintenance free. These types of lead acid batteries always contain a safety pressure relief valve.

In terms of sales channel the overall market is classified into after market and OEM. OEM segment is anticipated to witness the highest growth over the forecast time period. Rising demand for power backup solutions in line with surging investments toward the procurement of new industrial equipment and machinery will positively influence the product demand.

From a regional frame of reference, growing disposable income along with rising consumer preference toward personal mobility will fuel the deployment of lead acid batteries across the Middle East & Africa. Meanwhile, strong demand for reliable power supply for equipment and investments toward grid infrastructure will stimulate the market statistics for these units across Latin America region.