U.S. Lead Acid Battery Market Size & Outlook, 2023-2030
U.S. lead acid battery market, 2018-2030 (US$M)
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U.S. lead acid battery market highlights
- The U.S. lead acid battery market generated a revenue of USD 8,226.7 million in 2023 and is expected to reach USD 9,413.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 1.9% 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 8,226.7 million |
| Market revenue in 2030 | USD 9,413.4 million |
| Growth rate | 1.9% (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, U.S. accounted for 11.0% 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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U.S. 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 U.S. 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.
Robust manufacturing base and rapid growth of automotive industry in the U.S. will augment demand for vehicle production and this will drive the demand for lead acid battery over the upcoming years. Hybrid & electric vehicles will witness growth on account of substitution from fuel to electric batteries.
In addition, government's stringent regulations on emission norms in order to safeguard the environment and to reduce the degradation-based options are expected to play a critical role in shaping the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. lead acid battery market , including forecasts for subscribers. This country databook contains high-level insights into U.S. lead acid battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. lead acid battery market size, by application, 2018-2030 (US$M)
U.S. Lead Acid Battery Market Outlook Share, 2023 & 2030 (US$M)
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