Asia Pacific lead acid battery market will grow by 7.1% annually with a total addressable market cap of $383.29 billion over 2023-2032. The growth is driven by a growing renewable energy production, the increased demand for energy storage systems, increasing SLI applications in automotive industries, and advanced battery technology for electrical devices and equipment.

Highlighted with 31 tables and 49 figures, this 115-page report “Asia Pacific Lead Acid Battery Market 2022-2032 by Product Type (Motive, Stationary, SLI), Technology (Basic, Advanced), Construction Method (Flooded, VRLA), Charging Method (Constant Voltage, Constant Current), Application (Transportation, Industrial, Utility, Commercial & Residential), Sales Channel (OEM, Aftermarket), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific lead acid battery market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure

• Growth Drivers

• Restraints and Challenges

• Emerging Product Trends & Market Opportunities

• Porter’s Fiver Forces

The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific lead acid battery market in every aspect of the classification from perspectives of Product Type, Technology, Construction Method, Charging Method, Application, Sales Channel, and Country.

Based on Product Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Motive Batteries

• Stationary Batteries

• Starting-Light-Ignition (SLI) Batteries

Based on Technology, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Basic Lead Acid Battery

• Advanced Lead Acid Battery

By Construction Method, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Flooded Batteries

• Valve-Regulated Lead-Acid (VRLA) Batteries

By Charging Method, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Constant Voltage Charging

• Constant Current Charging

By Application, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Transportation

• Industrial

• Utility

• Commercial & Residential

• Other Applications

By Sales Channel, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• OEM

• Aftermarket

Geographically, the following national/local markets are fully investigated:

• Japan

• China

• South Korea

• Australia

• India

• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)

For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Product Type, Construction Method, and Application over the forecast years are also included.

The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

Amara Raja Batteries Ltd.

C&D Technologies Inc.

Camel Power

Clarios (Formerly Johnson Controls International PLC)

East Penn Manufacturing Company

EnerSys Ltd.

Exide Industries Limited

First National Battery

GS Yuasa International Ltd.

HBL Power Systems Limited

Leoch International Technology Limited

Narada Power Source Co., Ltd.

Panasonic Corporation

Samsung SDI Co., Ltd.

Tesla Inc.

The Furukawa Battery Co., Ltd.

TianJin Lishen Battery Joint-Stock Co., Ltd.

Tianneng Battery Group Co., Ltd.

Trojan Battery Company

VARTA AG

Zhejiang Narada Power Source Co., Ltd.

(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

1 Introduction 7

1.1 Industry Definition and Research Scope 7

1.1.1 Industry Definition 7

1.1.2 Research Scope 8

1.2 Research Methodology 11

1.2.1 Overview of Market Research Methodology 11

1.2.2 Market Assumption 12

1.2.3 Secondary Data 12

1.2.4 Primary Data 12

1.2.5 Data Filtration and Model Design 13

1.2.6 Market Size/Share Estimation 14

1.2.7 Research Limitations 15

1.3 Executive Summary 16

2 Market Overview and Dynamics 19

2.1 Market Size and Forecast 19

2.1.1 Impact of COVID-19 on World Economy 20

2.1.2 Impact of COVID-19 on the Market 23

2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 25

2.2 Major Growth Drivers 29

2.3 Market Restraints and Challenges 34

2.4 Emerging Opportunities and Market Trends 37

2.5 Porter’s Fiver Forces Analysis 41

3 Segmentation of Asia Pacific Market by Product Type 45

3.1 Market Overview by Product Type 45

3.2 Motive Batteries 47

3.3 Stationary Batteries 48

3.4 Starting-Light-Ignition (SLI) Batteries 49

4 Segmentation of Asia Pacific Market by Technology 50

4.1 Market Overview by Technology 50

4.2 Basic Lead Acid Battery 52

4.3 Advanced Lead Acid Battery 53

5 Segmentation of Asia Pacific Market by Construction Method 54

5.1 Market Overview by Construction Method 54

5.2 Flooded Batteries 56

5.3 Valve-Regulated Lead-Acid (VRLA) Batteries 57

6 Segmentation of Asia Pacific Market by Charging Method 58

6.1 Market Overview by Charging Method 58

6.2 Constant Voltage Charging 60

6.3 Constant Current Charging 61

7 Segmentation of Asia Pacific Market by Application 62

7.1 Market Overview by Application 62

7.2 Transportation 64

7.3 Industrial 65

7.4 Utility 66

7.5 Commercial & Residential 67

7.6 Other Applications 68

8 Segmentation of Asia Pacific Market by Sales Channel 69

8.1 Market Overview by Sales Channel 69

8.2 OEM 71

8.3 Aftermarket 72

9 Asia-Pacific Market 2022-2032 by Country 73

9.1 Overview of Asia-Pacific Market 73

9.2 Japan 76

9.3 China 79

9.4 Australia 81

9.5 India 83

9.6 South Korea 85

9.7 Rest of APAC Region 87

10 Competitive Landscape 89

10.1 Overview of Key Vendors 89

10.2 New Product Launch, Partnership, Investment, and M&A 92

10.3 Company Profiles 93

Amara Raja Batteries Ltd. 93

C&D Technologies Inc. 95

Camel Power 96

Clarios (Formerly Johnson Controls International PLC) 97

East Penn Manufacturing Company 98

EnerSys Ltd. 99

Exide Industries Limited 100

First National Battery 101

GS Yuasa International Ltd. 102

HBL Power Systems Limited 103

Leoch International Technology Limited 104

Narada Power Source Co., Ltd. 105

Panasonic Corporation 106

Samsung SDI Co., Ltd. 107

Tesla Inc. 108

The Furukawa Battery Co., Ltd. 109

TianJin Lishen Battery Joint-Stock Co., Ltd. 110

Tianneng Battery Group Co., Ltd. 111

Trojan Battery Company 112

VARTA AG 113

Zhejiang Narada Power Source Co., Ltd. 114

RELATED REPORTS 115

List of Tables:

Table 1. Snapshot of Asia Pacific Lead Acid Battery Market in Balanced Perspective, 2022-2032 17

Table 2. World Economic Outlook, 2021-2031 21

Table 3. World Economic Outlook, 2021-2023 22

Table 4. Scenarios for Economic Impact of Ukraine Crisis 26

Table 5. Main Product Trends and Market Opportunities in Asia Pacific Lead Acid Battery Market 37

Table 6. Asia Pacific Lead Acid Battery Market by Product Type, 2022-2032, $ mn 45

Table 7. Asia Pacific Lead Acid Battery Market by Technology, 2022-2032, $ mn 50

Table 8. Asia Pacific Lead Acid Battery Market by Construction Method, 2022-2032, $ mn 54

Table 9. Asia Pacific Lead Acid Battery Market by Charging Method, 2022-2032, $ mn 58

Table 10. Asia Pacific Lead Acid Battery Market by Application, 2022-2032, $ mn 62

Table 11. Asia Pacific Lead Acid Battery Market by Sales Channel, 2022-2032, $ mn 69

Table 12. APAC Lead Acid Battery Market by Country, 2022-2032, $ mn 74

Table 13. Japan Lead Acid Battery Market by Product Type, 2022-2032, $ mn 78

Table 14. Japan Lead Acid Battery Market by Construction Method, 2022-2032, $ mn 78

Table 15. Japan Lead Acid Battery Market by Application, 2022-2032, $ mn 78

Table 16. China Lead Acid Battery Market by Product Type, 2022-2032, $ mn 80

Table 17. China Lead Acid Battery Market by Construction Method, 2022-2032, $ mn 80

Table 18. China Lead Acid Battery Market by Application, 2022-2032, $ mn 80

Table 19. Australia Lead Acid Battery Market by Product Type, 2022-2032, $ mn 82

Table 20. Australia Lead Acid Battery Market by Construction Method, 2022-2032, $ mn 82

Table 21. Australia Lead Acid Battery Market by Application, 2022-2032, $ mn 82

Table 22. India Lead Acid Battery Market by Product Type, 2022-2032, $ mn 84

Table 23. India Lead Acid Battery Market by Construction Method, 2022-2032, $ mn 84

Table 24. India Lead Acid Battery Market by Application, 2022-2032, $ mn 84

Table 25. South Korea Lead Acid Battery Market by Product Type, 2022-2032, $ mn 86

Table 26. South Korea Lead Acid Battery Market by Construction Method, 2022-2032, $ mn 86

Table 27. South Korea Lead Acid Battery Market by Application, 2022-2032, $ mn 86

Table 28. Lead Acid Battery Market in Rest of APAC by Country/Region, 2022-2032, $ mn 88

Table 29. Amara Raja Batteries Ltd.: Company Snapshot 93

Table 30. Amara Raja Batteries Ltd.: Business Segmentation 94

Table 31. Amara Raja Batteries Ltd.: Product Portfolio 94

List of Figures:

Figure 1. Research Method Flow Chart 11

Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14

Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 16

Figure 4. Asia Pacific Lead Acid Battery Market, 2022-2032, $ mn 19

Figure 5. Impact of COVID-19 on Business 23

Figure 6. Primary Drivers and Impact Factors of Asia Pacific Lead Acid Battery Market 29

Figure 7. World Electric Vehicle Market, 2019-2030, $ bn 32

Figure 8. World Electric Vehicle Market, 2019-2030, million units 32

Figure 9. Renewable Electricity Capacity Growth by Region/Country, 2015-2020 and 2022-2027, GW 33

Figure 10. Primary Restraints and Impact Factors of Asia Pacific Lead Acid Battery Market 34

Figure 11. Investment Opportunity Analysis 38

Figure 12. Porter’s Fiver Forces Analysis of Asia Pacific Lead Acid Battery Market 41

Figure 13. Breakdown of Asia Pacific Lead Acid Battery Market by Product Type, 2022-2032, % of Revenue 46

Figure 14. Asia Pacific Addressable Market Cap in 2023-2032 by Product Type, Value ($ mn) and Share (%) 46

Figure 15. Asia Pacific Lead Acid Battery Market by Product Type: Motive Batteries, 2022-2032, $ mn 47

Figure 16. Asia Pacific Lead Acid Battery Market by Product Type: Stationary Batteries, 2022-2032, $ mn 48

Figure 17. Asia Pacific Lead Acid Battery Market by Product Type: Starting-Light-Ignition (SLI) Batteries, 2022-2032, $ mn 49

Figure 18. Breakdown of Asia Pacific Lead Acid Battery Market by Technology, 2022-2032, % of Sales Revenue 51

Figure 19. Asia Pacific Addressable Market Cap in 2023-2032 by Technology, Value ($ mn) and Share (%) 51

Figure 20. Asia Pacific Lead Acid Battery Market by Technology: Basic Lead Acid Battery, 2022-2032, $ mn 52

Figure 21. Asia Pacific Lead Acid Battery Market by Technology: Advanced Lead Acid Battery, 2022-2032, $ mn 53

Figure 22. Breakdown of Asia Pacific Lead Acid Battery Market by Construction Method, 2022-2032, % of Sales Revenue 55

Figure 23. Asia Pacific Addressable Market Cap in 2023-2032 by Construction Method, Value ($ mn) and Share (%) 55

Figure 24. Asia Pacific Lead Acid Battery Market by Construction Method: Flooded Batteries, 2022-2032, $ mn 56

Figure 25. Asia Pacific Lead Acid Battery Market by Construction Method: Valve-Regulated Lead-Acid (VRLA) Batteries, 2022-2032, $ mn 57

Figure 26. Breakdown of Asia Pacific Lead Acid Battery Market by Charging Method, 2022-2032, % of Revenue 59

Figure 27. Asia Pacific Addressable Market Cap in 2023-2032 by Charging Method, Value ($ mn) and Share (%) 59

Figure 28. Asia Pacific Lead Acid Battery Market by Charging Method: Constant Voltage Charging, 2022-2032, $ mn 60

Figure 29. Asia Pacific Lead Acid Battery Market by Charging Method: Constant Current Charging, 2022-2032, $ mn 61

Figure 30. Breakdown of Asia Pacific Lead Acid Battery Market by Application, 2022-2032, % of Revenue 63

Figure 31. Asia Pacific Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%) 63

Figure 32. Asia Pacific Lead Acid Battery Market by Application: Transportation, 2022-2032, $ mn 64

Figure 33. Asia Pacific Lead Acid Battery Market by Application: Industrial, 2022-2032, $ mn 65

Figure 34. Asia Pacific Lead Acid Battery Market by Application: Utility, 2022-2032, $ mn 66

Figure 35. Asia Pacific Lead Acid Battery Market by Application: Commercial & Residential, 2022-2032, $ mn 67

Figure 36. Asia Pacific Lead Acid Battery Market by Application: Other Applications, 2022-2032, $ mn 68

Figure 37. Breakdown of Asia Pacific Lead Acid Battery Market by Sales Channel, 2022-2032, % of Revenue 69

Figure 38. Asia Pacific Addressable Market Cap in 2023-2032 by Sales Channel, Value ($ mn) and Share (%) 70

Figure 39. Asia Pacific Lead Acid Battery Market by Sales Channel: OEM, 2022-2032, $ mn 71

Figure 40. Asia Pacific Lead Acid Battery Market by Sales Channel: Aftermarket, 2022-2032, $ mn 72

Figure 41. Breakdown of APAC Lead Acid Battery Market by Country, 2022 and 2032, % of Revenue 74

Figure 42. Contribution to APAC 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 75

Figure 43. Lead Acid Battery Market in Japan, 2022-2032, $ mn 77

Figure 44. Lead Acid Battery Market in China, 2022-2032, $ mn 79

Figure 45. Lead Acid Battery Market in Australia, 2022-2032, $ mn 81

Figure 46. Lead Acid Battery Market in India, 2022-2032, $ mn 83

Figure 47. Lead Acid Battery Market in South Korea, 2022-2032, $ mn 85

Figure 48. Lead Acid Battery Market in Rest of APAC, 2022-2032, $ mn 87

Figure 49. Growth Stage of Asia Pacific Lead Acid Battery Industry over the Forecast Period 89

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)