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Automotive Lead Acid Battery Market Mushrooms with Rising Adoption of EVs, Says FMI


VALLEY COTTAGE, N.Y. Theautomotive sector has been riding the wave of innovation since decades in orderto improve performance of vehicles. Start-stop technology is one suchinnovation that has been garnering huge prominence across the automotive space,which is further propelling the employment of hybrid and electric vehicles(EV). Sales of EV are fueled by stringent regulatory norms for fuel economy andon-road automobile emissions.

APAC (Asia Pacific) remains gold mine of automotive lead acid battery market growth on grounds of surging production of passenger vehicles (PV) and EVs in countries, such as India, Indonesia, and China. Subsequent developments and electrification are paving way for lead acid batteries, including EFB and AGM (Absorbent Glass Mat) batteries. FMI, looking at favorable trends, suggest that the global automotive lead acid battery market is projected to grow at a CAGR of ~5% throughout the forecast (2019-2029), pegging ~US$ 42 Bn by 2029 end.

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Flooded Battery Remains Sought-After, EFB DisplaysAccelerating Progress

Beingthe primeval category of rechargeable battery currently in use, the floodediteration of automotive lead acid battery is expected to remain in-demandthroughout the forecast period, says FMI. However, their advanced version enhanced flooded batteries (EFB) are exhibiting speediest growth as comparedto their counterparts.

Automobile manufacturers cite flooded lead acid batteries as a highly cost-efficient and durable option. On the flip side, flooded batteries are required to be placed upright to prevent leakage of electrolyte. Further, the oldest version of lead acid batteries need periodic monitoring and refilling with water to assure prolonged shelf life.

Preview Analysis of Automotive Lead Acid Battery Market: Global Industry Analysis and Opportunity Assessment 2019 – 2029:

Whilstfactors, including increased number of engine starts, and relatively greaterdurability, reflects EFB’s accelerating progress over the forecast period. EFBsoffer better charge acceptance as compared to legacy flooded batteries. Inaddition, EFBs are complemented with sufficient thermal stability, making themsuitable for extreme conditions, such as Middle East & Africa.

Passenger Cars and LCVs Prime Adopters ofAutomotive Lead Acid Batteries

FMI finds that countries – China, Japan, and Germany – controlled a majority of the production of passenger cars in previous year. Further, with China leading the pack in the manufacturing of passenger cars around a third of the worldwide passenger vehicle production, deployment of lead acid batteries are set to surge.

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Lead acid batteries, such asenhanced flooded batteries, are perfect fit for passenger cars with start-stoptechnology minus regenerative braking systems. In addition, for automobiles having high energy requisites, generallyarising from hectic driving session, lead acid batteries deliver on parefficacy. Light commercial vehicles (LCV)incorporate lead acid batteries owing to better grip-to-mass adherence, whichfurther provides high cyclic stability. With top-notch quality hot melt, andgood vibration resilience, lead acid batteries offer desirable efficiency.Addition of further carbon to the plates decreases acid stratification,providing perfect alternative for deep discharging.

Analysts at FMI remark that “Automotive manufacturers are hunting for energy-efficient and rigid batteries to comply with several environmental amendments. As a consequence, players are thriving to improve existing automotive lead acid batteries to gain competitiveness in the market landscape.”

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