China Advanced Lead Acid Battery Market Overview, 2029

AGM (Absorbed Glass Mat) batteries have emerged as industry leaders due to their spill-proof design, longer lifespan, and higher efficiency than flooded lead-acid competitors. This dominance reflects a trend toward higher-performance battery technology. Furthermore, developments in Valve-Regulated Lead Acid (VRLA) batteries are noteworthy, particularly in terms of deep-cycle performance. These enhancements position VRLA batteries as the best solutions for renewable energy storage applications, demonstrating the industry's resilience to new trends. Manufacturers in China's lead-acid battery business are also focused on developing new materials, such as improved lead alloys and separators. These activities aim to improve battery life, durability, and power output, cementing China's position as a leader in the area. Lead-acid batteries retain their attractiveness in an environment where cost-effectiveness reigns supreme, notably in industries such as electric vehicles (EVs). While lithium-ion batteries gain popularity in EV applications, lead-acid batteries' cheaper initial costs remain appealing, particularly for starting batteries. Furthermore, sustainability projects are gaining popularity in the marketplace. Recycling leads and implementing eco-friendly manufacturing techniques are becoming increasingly important as environmental rules tighten, indicating the industry's dedication to responsible practices. According to the research report “China Advanced Lead Acid Battery Market Overview, 2029," published by Bonafide Research, the China Advanced Lead Acid Battery market was valued at more than USD 3000 Million in 2023. The telecom sector's growing demand and reliance on uninterruptible power supply (UPS) are important industry drivers. This expansion is accelerated by the increase in EV production, which demands starter batteries. However, the rise of EVs is a double-edged sword, putting pressure on lead-acid batteries while also highlighting the growing importance of lithium-ion batteries for primary power applications. Furthermore, changes in lead prices continue to be a burden for producers, affecting production costs and overall profitability. Navigating these hurdles while capitalising on development possibilities is vital for maintaining China's position as a worldwide leader in the advanced lead-acid battery market. China has enacted tough automobile emission requirements, which have an indirect benefit for modern lead-acid batteries. These laws require cleaner and more efficient starter batteries, which increases demand for advanced lead-acid battery technology. Furthermore, changing recycling legislation in China encourages lead-acid battery recycling, resulting in a more sustainable sector. These legislative improvements not only improve environmental protection, but also provide chances for innovation and market expansion in the lead-acid battery industry.

Lead-acid batteries come in various types tailored for specific applications. Motive lead-acid batteries, also known as traction batteries, are designed for electric vehicles (EVs) and other motive applications, offering high-power output necessary for propulsion. In contrast, stationary lead-acid batteries cater to fixed applications such as backup power and energy storage needs. Among the types based on construction method, Valve Regulated Lead Acid (VRLA) batteries feature sealed construction with a valve mechanism, providing advantages in maintenance, safety, and versatility compared to traditional Flooded Lead Acid (FLA) batteries, which utilise a liquid electrolyte solution. These distinctions cater to different end-user industries, including automotive and transportation sectors relying on motive batteries for EVs, utilities employing stationary batteries for grid stability, and industrial and commercial/residential sectors utilising batteries for backup power and other stationary applications. Each type serves specific needs within these industries, with VRLA batteries gaining popularity due to their sealed design and maintenance benefits, while FLA batteries remain relevant for applications requiring robust performance with liquid electrolytes. This segmentation highlights the diverse range of lead-acid battery options available to meet the varying demands of different industries and applications. The expansion of data centres creates a substantial opportunity for sophisticated valve-regulated lead acid (VRLA) batteries, particularly for backup power applications. As data centres become more important to modern infrastructure, the necessity for dependable backup power supplies grows, establishing VRLA batteries as critical components in this industry. Furthermore, government incentives for green technologies may extend to developments in lead-acid batteries that improve sustainability, hence increasing market potential. Trade fairs and events like the China Battery Fair and Auto Shanghai showcase developments in lead-acid battery technology while also encouraging industry collaboration. Lead-acid battery prices vary depending on capacity, technology (AGM vs. VRLA), and brand. Average Selling Prices (ASPs) are difficult to calculate due to market competition and the wide variety of items available. However, market segmentation enables differentiation depending on these criteria, thereby catering to a wide range of client wants and preferences. In recent years, the battery sector has seen considerable advancements to fulfil the growing need for energy storage options. Several businesses have made significant investments in increasing their AGM (Absorbent Glass Mat) and VRLA (Valve-Regulated Lead-Acid) battery production facilities. This increase is driven by the growing demand for improved lead-acid batteries in a variety of applications. Another notable priority has been to improve lithium-ion compatibility in battery systems. Efforts are underway to develop hybrid battery solutions that combine the benefits of lead-acid and lithium-ion technologies, with the goal of improving performance and cost efficiency. When comparing industry dynamics among regional counterparts, China stands out as a leader due to its large production capacity and market size, outperforming countries such as Vietnam and Thailand. While China focuses mostly on starter batteries and stationary applications, Japan and South Korea have a larger presence of modern lead-acid batteries, particularly in the car industry. China's supremacy in the battery sector is bolstered by its large lead production capacity, which ensures a steady supply of raw materials for battery manufacturing. Furthermore, the country has been expanding its emphasis on lead battery recycling activities, advocating a more sustainable approach to raw material sourcing. However, the COVID-19 epidemic posed hurdles for the industry, causing temporary interruptions in supply chains for lead and battery components. Despite these setbacks, the market is progressively improving, with increased attempts to strengthen supply chains and adapt to the changing business landscape. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Advanced Lead Acid Battery market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type • Motive • Stationary

By Construction Method • Valve Regulated Lead Acid (VRLA) Battery • Flooded Battery By End-User Industry • Automotive and Transportation • Utility • Industrial • Commercial & Residential The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Advanced Lead Acid Battery industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.