Automotive lead-acid battery companies are participating in various important initiatives to improve their market visibility and adjust to the changing automotive sector. They are focusing on increasing production facilities to increase their output. Numerous players are investing in research and development (R&D) activities to advance and enhance the efficiency and durability of their batteries. Their main focus is on enhancing the effectiveness, longevity, and ecological impact of lead-acid batteries. Moreover, new installations are being set up to help decrease emissions and manage energy usage more efficiently. Key players are also prioritizing sustainability through the introduction of recycling initiatives and the creation of eco-friendly battery options. In accordance with this, advancements in battery design and materials contribute to improving efficiency and meeting the strict demands of contemporary automotive uses.
Apart from this, companies are focusing on offering a variety of battery types to cater to different market needs across passenger cars, commercial vehicles, two-wheelers, and hybrid electric vehicles (HEVs). This enables them to reach a wider range of consumers and take advantage of the trend towards hybrid and electric cars. Furthermore, major participants are forming strategic partnerships with car manufacturers and other tech companies to improve their product lineups and incorporate cutting-edge technologies. These collaborations frequently focus on customizing battery solutions for original equipment manufacturers (OEMs). They are also enabling car manufacturers to investigate various battery solutions such as lithium-ion, absorbent glass mat (AGM) lead-acid batteries, and other types of chemistries.
According to IMARC Group, The global automotive lead-acid battery market size reached US$ 13.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.3 Billion by 2032, exhibiting a growth rate (CAGR) of 2.2% during 2024-2032.
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Furthermore, major market players are introducing new products to grab the attention of a wider consumer base. For instance, on 1 November 2023, EnerSys®, the global leader in stored energy solutions for industrial applications and the maker of ODYSSEY® batteries, introduced the first-ever thin plate pure lead (TPPL) absorbed glass mat (AGM) power solution for automotive auxiliary purposes. ODYSSEY® batteries have a large deep cycling reserve power, offering engine cranking pulses up to 3,125 amps for five seconds, which is twice as much as traditional lead-acid batteries of the same size. Additionally, Hyundai Motor Company and Kia Corporation revealed a partnership with homegrown battery maker Exide Energy Solutions Ltd for electric vehicle battery localization in India on 8 April 2024. Exide Energy Solutions (EES) is a fully owned subsidiary of Kolkata-based Exide Industries Ltd, a leading lead-acid battery supplier in India with over 75 years of experience in lead-acid batteries market.
Top 12 Automotive Lead-Acid Battery Companies in the World
- C&D Technologies, Inc.
- CLARIOS
- CSB Energy Technology Co., Ltd.
- East Penn Manufacturing Company, Inc
- EnerSys
- Exide Industries Limited
- GS Yuasa Corporation
- KOYO BATTERY CO., LTD
- LEOCH INTERNATIONAL TECHNOLOGY LIMITED
- Astra Otoparts
- Robert Bosch GmbH
- Thai Bellco Battery Co. Ltd.
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