U.S. Motive Lead Acid Battery Market To Reach $1.57 Billion By 2030

U.S. Motive Lead Acid Battery Market Growth & Trends

The U.S. motive lead acid battery market is expected to reach USD 1.57 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.3% from 2023 to 2030. The demand for lead-acid batteries in the country is majorly driven by their wide application in the automotive industry as a battery backup system for electric vehicles. As electric vehicles are gaining popularity in the U.S. market as a sustainable mode of transportation, the demand for motive lead-acid batteries is anticipated to grow considerably over the forecast period.

Moreover, industrial sector, including chemical, shipping, metal, and mining, is expected to hold a major share of lead-acid battery applications, owing to rapid industrialization. A large manufacturing base of chemical companies and the presence of multinationals, including Bayer AG, BASF SE, Dow, and Akzo Nobel N.V., adopting lead acid batteries as a UPS system are expected to increase industry penetration over the forecast period.

The benefits of lithium-ion batteries are a cost-effective and high energy density & better cycle life compared with lead acid batteries. The aforementioned factors make lithium-ion batteries a growing alternative to lead acid batteries, which is anticipated to hinder market growth in the coming years.  

The rising demand for ESS is expected to fuel product demand over the forecast period. ESS utilizes batteries considering its advantages such as recyclability, high power delivery, and cost-effectiveness. Lead acid batteries are the most-used battery types for ESS due to applications such as battery systems, emergency power supply systems, and stand-alone systems with PV for mitigating output fluctuations from solar and wind power. Furthermore, lead acid batteries are lower in cost compared to alternatives and are expected to witness industry growth in the coming years.

 Request a free sample copy or view report summary: U.S. Motive Lead Acid Battery Market Report

U.S. Motive Lead Acid Battery Market Report Highlights

• The market was worth USD 1.19 Billion in 2022 and is projected to grow at a CAGR of 3.3% during the forecast period.

• According to the World Wind Energy Association, the U.S. is the world’s second-largest producer of energy and wind and is anticipated to witness substantial growth in the production of energy and wind over the forecast period. In the U.S., the evolution of the energy system is driven by technology innovation, market competition, and state/local policies expressing citizen preference rather than central government planning. This is anticipated to augment the market growth.

• The Material handling segment accounted for 25.96% share in 2022 in the market owing to the increasing investment in these equipment and machinery.

• Valve Regulated Lead Acid Battery in construction segment is projected to grow at a substantial rate throughout the forecast period.

• 99.9% Purity (Pure Lead acid) in purity segment accounted for largest share 82.10% share in 2022.

U.S. Motive Lead Acid Battery Market Segmentation

Grand View Research has segmented the U.S. motive lead acid battery market based on construction, purity application, and material handling:

U.S. Motive Lead Acid Battery Construction Outlook (USD Million, 2018 - 2030)

• Flooded

• Valve Regulated Lead Acid (VRLA)

U.S. Motive Lead Acid Battery Purity Outlook (USD Million, 2018 - 2030)

• 99.9% Purity (Pure Lead acid)

• Less than 99.9% Purity

U.S. Motive Lead Acid Battery Application Outlook (USD Million, 2018 - 2030)

• Automotive

• Telecom

• UPS

• Electric Vehicles

• Golf Carts

• Mining

• Material Handling

  • Forklift

    • End-Controlled Rider Pallet Jack

    • Narrow Aisle Forklifts

    • Counterbalanced Forklifts

    • Large Counterbalanced Forklifts

    • (Agvs, Etc.)

  • Others

U.S. Motive Lead Acid Battery Material Handling Application Outlook (USD Million, 2018 - 2030)

• VRLA Motive Lead Acid Battery

  • Forklift

    • End-Controlled Rider Pallet Jack

    • Narrow Aisle Forklifts

    • Counterbalanced forklifts

    • Large counterbalanced forklifts

  • Others

• Flooded Motive Lead Acid Battery

  • Forklift

    • End-Controlled Rider Pallet Jack

    • Narrow Aisle Forklifts

    • Counterbalanced forklifts

    • Large counterbalanced forklifts

  • Others

U.S. Motive Lead Acid Battery State Outlook (USD Million, 2018 - 2030)

• Texas

List of Key Players of the U.S. Motive Lead Acid Battery Market

• Crown Battery

• East Penn Manufacturing

• EnerSys

• Exide Technologies

• GS Yuasa Energy Solutions, Inc.

• Hitachi Chemical Co., Ltd.

• Johnson Controls

• Panasonic Corporation of North America

• Trojan Battery Company

• U.S. Battery Mfg.