Stationary Lead-acid Battery Market Size (2024 - 2029)

Stationary Lead-acid Battery Market Size Summary

The stationary lead-acid battery market is poised for growth, driven by the expanding industrial sector and the cost-effectiveness of lead-acid batteries. Despite the competitive pressure from declining lithium-ion battery prices and the rise in electric vehicle sales, the market is expected to benefit from the increasing demand for valve-regulated lead-acid batteries, particularly in power backup systems globally. The decreasing cost of solar photovoltaic equipment and supportive global initiatives aimed at reducing pollution are anticipated to boost the utilization of off-grid solar projects, presenting significant opportunities for the market. The Asia-Pacific region, led by China, Japan, and India, is expected to dominate the market, with a substantial demand for these batteries in various applications, including telecom, UPS, and energy storage systems.

The market's growth is further supported by the increasing installation of data centers in the Asia-Pacific region, driven by the burgeoning IT sector. In China, the government's plan to expand the number of hospitals is expected to enhance the demand for power backup devices, thereby increasing the need for stationary lead-acid batteries. Similarly, in India, the growth of the IT industry, the rise in solar power projects, and the expansion of telecommunication infrastructure are key factors propelling market demand. The telecom sector, in particular, remains a promising end user for lead-acid batteries in India. The market is characterized by fragmentation, with key players such as Panasonic Corporation, GS Yuasa Corporation, EnerSys, East Penn Manufacturing Co, and Leoch International Technology Limited playing significant roles in shaping its landscape.