China Lead Acid Battery Market Overview, 2029

China's lead acid battery market is one of the largest globally, driven by the country's rapid industrialization and urbanization. It is extensively used in various applications such as electric bikes, automobiles, and backup power systems. The market is dominated by both state-owned enterprises and private players, with a strong focus on innovation and cost-efficiency. The best regulation governing this market is the "Technical Specification for Pollution Control of Lead-acid Battery Industry" issued by the Ministry of Ecology and Environment. This regulation aims to minimize environmental impact by setting strict standards for emissions, waste management, and production processes. It mandates the use of advanced technologies to reduce lead emissions and encourages recycling to promote a circular economy. The "Catalog of Industries for Guiding Foreign Investment" regulates foreign investment in the sector, fostering healthy competition and technological advancements. The China Industrial Association of Power Sources (CIAPS) is the primary association overseeing the lead acid battery market in China. CIAPS plays a crucial role in promoting industry standards, facilitating technological exchanges, and advocating for policies that support sustainable growth. The association works closely with the government to ensure compliance with environmental regulations and promotes research and development to enhance the competitiveness of Chinese lead acid battery manufacturers in the global market. Environmental regulations are stringent, pushing manufacturers to adopt cleaner production methods and invest in recycling technologies. Furthermore, the market benefits from strong government support, including subsidies and policies that encourage the adoption of advanced battery technologies.

According to the research report "China Lead Acid Battery Market Overview, 2029," published by Bonafide Research, the China lead acid battery market is anticipated to grow at more than 5.94% CAGR from 2024 to 2029. The rising demand for Lithium-ion batteries is restraining the Lead Acid Battery market. The significant development of lead acid battery over the last few years had suppressed the demand for lead acid battery across the globe. The advantages of using lithium-ion batteries are that they can be monitored using Battery Management System (BMS), low energy consumption can be charged in the indoor environment and are environmentally safe. The future of China's lead acid battery market is promising, with several factors driving its growth. One of the key drivers is the increasing demand for energy storage systems (ESS) due to the growth of renewable energy installations. As China continues to invest in renewable energy sources like wind and solar, the need for reliable and cost-effective energy storage solutions will surge, presenting a significant opportunity for the lead acid battery market. The eastern and southern parts of China are projected to experience higher growth rates in the lead acid battery market. This is primarily due to the concentration of industrial activities and the rapid urbanization in these regions. The eastern region, which includes provinces like Jiangsu, Zhejiang, and Shandong, is a hub for manufacturing and electric vehicle production, driving demand for lead acid batteries. Similarly, the southern region, encompassing Guangdong and other provinces, is a major center for technology and electronics manufacturing, requiring robust backup power systems. The western region of China is also expected to show significant growth, albeit from a lower base. The Chinese government's "Go West" policy aims to develop the western region's infrastructure and industrial capabilities, which will consequently increase the demand for lead acid batteries. The policy encourages investments in renewable energy projects, further boosting the market for energy storage solutions.

SLI batteries dominate the automotive sector, primarily used for starting internal combustion engines, powering lights, and other electrical systems. The automotive industry in China is robust, with millions of vehicles produced annually, leading to a high demand for SLI batteries. Their cost-effectiveness, reliability, and ability to deliver high surge currents make them the preferred choice for automotive applications. The growing electric vehicle (EV) market also contributes to the demand for SLI batteries, as they are essential for starting conventional vehicles and are increasingly used in hybrid models. Stationary lead-acid batteries are widely utilized in telecommunications and energy storage systems, particularly for uninterruptible power supplies (UPS). In China, the rapid expansion of the telecommunications sector, especially with the rollout of 5G networks, has driven significant demand for stationary batteries. They are crucial for maintaining power stability in critical infrastructure, such as data centers and communication networks. Additionally, their applications extend to renewable energy systems, where they store energy generated from solar and wind sources, further enhancing their market presence. Motive batteries are primarily used in electric vehicles and material handling equipment, such as forklifts. The growth of the electric vehicle market in China, which is the largest globally, has led to increased demand for motive lead-acid batteries. These batteries are favored for their cost efficiency and performance in various applications, including public transport and logistics. Regions like Guangdong and Jiangsu are pivotal in the production and consumption of lead-acid batteries due to their industrial bases and proximity to automotive manufacturing hubs. The combination of rapid industrialization, strong governmental support for infrastructure development, and a growing population contributes to the overall demand for lead-acid batteries across these segments in China.

Flooded lead acid batteries are traditional and widely used in various sectors due to their cost-effectiveness and reliability. They require regular maintenance, including periodic water replenishment, which can be a drawback in some applications. However, their robustness makes them suitable for large-scale energy storage systems, particularly in industrial settings and renewable energy applications. In China, the flooded battery segment continues to thrive, primarily because of its established manufacturing base and the ongoing demand for reliable energy solutions in sectors like telecommunications and transportation infrastructure. VRLA batteries, which include Absorbent Glass Mat (AGM) and Gel types, are gaining popularity in China due to their maintenance-free operation and enhanced safety features. The VRLA segment is particularly favored in applications requiring compact and efficient energy storage, such as in telecommunications for uninterruptible power supply (UPS) systems and in electric vehicles (EVs). The rapid expansion of the EV market in China has driven the demand for VRLA batteries, as they offer a reliable power source for start-stop systems and hybrid vehicles. Moreover, the growing emphasis on renewable energy integration into the grid further supports the adoption of VRLA batteries for energy storage solutions.

The automotive sector is the largest consumer of lead-acid batteries in China, primarily due to the country's booming automotive industry. With China being the world's largest producer of vehicles, lead-acid batteries are essential for starting, lighting, and ignition (SLI) applications in both conventional and electric vehicles. The growing number of electric vehicles (EVs) also utilizes lead-acid batteries for auxiliary functions, despite the increasing adoption of lithium-ion technologies. This segment benefits from China's significant investments in automotive manufacturing, making it a key driver of lead-acid battery demand. Lead-acid batteries are widely used in UPS systems across various industries in China, providing backup power during outages and ensuring the reliability of critical systems. The rapid industrialization and urbanization in China have led to an increased reliance on uninterrupted power supply for data centers, hospitals, and telecommunications infrastructure. The need for reliable energy storage solutions in the face of power supply instability drives the demand for lead-acid batteries in this application. In the telecommunications sector, lead-acid batteries are crucial for providing backup power to cell towers and communication equipment. As China continues to expand its telecommunications infrastructure, particularly with the rollout of 5G technology, the demand for dependable energy storage solutions is rising. Lead-acid batteries are favored for their reliability and cost-effectiveness, making them suitable for maintaining continuous operations in this rapidly evolving sector. Other applications for lead-acid batteries in China include renewable energy storage, electric bicycles, and various industrial uses. The increasing focus on renewable energy sources, such as solar and wind, has led to a growing need for energy storage solutions, where lead-acid batteries play a significant role.



COVID-19 impacts:
The elevator and escalator business has been significantly damaged in recent years as a result of lockdowns implemented in China due to the COVID-19 pandemic outbreak in December 2019. The COVID-19 epidemic has hindered the construction industry's expansion in recent years, generating delays that can be ascribed to various damaged supply chains. The elevator and escalator manufacturers, as well as the overall construction industry, are expected to face a number of challenges as most commercial projects are likely to be left incomplete or delayed due to supply chain disruptions, cash flow constraints, workforce unavailability, and production shutdowns. The demand for elevators and escalators is expected to rise in the coming years as various governments of China prepare to gradually lift the lockdowns. As the lockdowns progressively cease, the construction sector is expected to increase. As commercial developments resume throughout the world, demand for elevators and escalators is expected to rise in the upcoming years.

Considered in this report
• Geography: China
• Historic Year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• China Elevator & Escalator Market with its value and forecast along with its segments
• Application wise tire industry distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product:
• SLI (starting, lighting, and ignition)
• Stationary
• Motive

By Construction Method:
• Flooded
• Valve Regulated Sealed Lead–acid battery (VRLA)

By Application:
• Automotive
• UPS
• Telecom
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to elevator & escalator industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.