Canada Lead Acid Battery Market Size & Outlook, 2023-2030
Canada lead acid battery market, 2018-2030 (US$M)
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Canada lead acid battery market highlights
- The Canada lead acid battery market generated a revenue of USD 2,828.5 million in 2023 and is expected to reach USD 4,520.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.9% 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 2,828.5 million |
| Market revenue in 2030 | USD 4,520.2 million |
| Growth rate | 6.9% (CAGR from 2023 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, Canada accounted for 3.8% 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 North America, U.S. lead acid battery market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 4,520.2 million by 2030.
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Lead Acid Battery Market Scope
Lead Acid Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 56.89% in 2023. Horizon Databook has segmented the Canada 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.
Growing demand for vehicle charging infrastructure and installation of renewable energy systems will stimulate market growth. In addition, high demand telecom tower coupled with ongoing innovations is expected to spur demand growth. Subsidies and favorable regulatory framework are anticipated to drive market growth over the forecast period. Furthermore, sharp decline in equipment cost owing to rise in installations particularly in California is expected to continue over.
The forecast period.Rising number of vehicles in operations along with increasing average of the vehicle is expected to augment industry expansion over the next nine years. Therefore, rising vehicle maintenance and repair will augment batteries market over the next nine years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada lead acid battery market , including forecasts for subscribers. This country databook contains high-level insights into Canada lead acid battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada lead acid battery market size, by application, 2018-2030 (US$M)
Canada Lead Acid Battery Market Outlook Share, 2023 & 2030 (US$M)
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