Europe 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
Europe lead acid battery market was valued at $8.01 billion in 2022 and will grow by 3.2% annually over 2022-2032. 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 34 tables and 50 figures, this 116-page report “Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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:
• Germany
• UK
• France
• Spain
• Italy
• Netherlands
• Rest of Europe (further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe Market by Sales Channel 69
8.1 Market Overview by Sales Channel 69
8.2 OEM 71
8.3 Aftermarket 72
9 European Market 2022-2032 by Country 73
9.1 Overview of European Market 73
9.2 Germany 76
9.3 U.K. 78
9.4 France 80
9.5 Spain 82
9.6 Italy 84
9.7 Netherlands 86
9.8 Rest of European Market 88
10 Competitive Landscape 90
10.1 Overview of Key Vendors 90
10.2 New Product Launch, Partnership, Investment, and M&A 93
10.3 Company Profiles 94
Amara Raja Batteries Ltd. 94
C&D Technologies Inc. 96
Camel Power 97
Clarios (Formerly Johnson Controls International PLC) 98
East Penn Manufacturing Company 99
EnerSys Ltd. 100
Exide Industries Limited 101
First National Battery 102
GS Yuasa International Ltd. 103
HBL Power Systems Limited 104
Leoch International Technology Limited 105
Narada Power Source Co., Ltd. 106
Panasonic Corporation 107
Samsung SDI Co., Ltd. 108
Tesla Inc. 109
The Furukawa Battery Co., Ltd. 110
TianJin Lishen Battery Joint-Stock Co., Ltd. 111
Tianneng Battery Group Co., Ltd. 112
Trojan Battery Company 113
VARTA AG 114
Zhejiang Narada Power Source Co., Ltd. 115
RELATED REPORTS 116
List of Tables:
Table 1. Snapshot of Europe 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 Europe Lead Acid Battery Market 37
Table 6. Europe Lead Acid Battery Market by Product Type, 2022-2032, $ mn 45
Table 7. Europe Lead Acid Battery Market by Technology, 2022-2032, $ mn 50
Table 8. Europe Lead Acid Battery Market by Construction Method, 2022-2032, $ mn 54
Table 9. Europe Lead Acid Battery Market by Charging Method, 2022-2032, $ mn 58
Table 10. Europe Lead Acid Battery Market by Application, 2022-2032, $ mn 62
Table 11. Europe Lead Acid Battery Market by Sales Channel, 2022-2032, $ mn 69
Table 12. Europe Lead Acid Battery Market by Country, 2022-2032, $ mn 75
Table 13. Germany Lead Acid Battery Market by Product Type, 2022-2032, $ mn 77
Table 14. Germany Lead Acid Battery Market by Construction Method, 2022-2032, $ mn 77
Table 15. Germany Lead Acid Battery Market by Application, 2022-2032, $ mn 77
Table 16. U.K. Lead Acid Battery Market by Product Type, 2022-2032, $ mn 79
Table 17. U.K. Lead Acid Battery Market by Construction Method, 2022-2032, $ mn 79
Table 18. U.K. Lead Acid Battery Market by Application, 2022-2032, $ mn 79
Table 19. France Lead Acid Battery Market by Product Type, 2022-2032, $ mn 81
Table 20. France Lead Acid Battery Market by Construction Method, 2022-2032, $ mn 81
Table 21. France Lead Acid Battery Market by Application, 2022-2032, $ mn 81
Table 22. Spain Lead Acid Battery Market by Product Type, 2022-2032, $ mn 83
Table 23. Spain Lead Acid Battery Market by Construction Method, 2022-2032, $ mn 83
Table 24. Spain Lead Acid Battery Market by Application, 2022-2032, $ mn 83
Table 25. Italy Lead Acid Battery Market by Product Type, 2022-2032, $ mn 85
Table 26. Italy Lead Acid Battery Market by Construction Method, 2022-2032, $ mn 85
Table 27. Italy Lead Acid Battery Market by Application, 2022-2032, $ mn 85
Table 28. Netherlands Lead Acid Battery Market by Product Type, 2022-2032, $ mn 87
Table 29. Netherlands Lead Acid Battery Market by Construction Method, 2022-2032, $ mn 87
Table 30. Netherlands Lead Acid Battery Market by Application, 2022-2032, $ mn 87
Table 31. Lead Acid Battery Market in Rest of Europe by Country, 2022-2032, $ mn 89
Table 32. Amara Raja Batteries Ltd.: Company Snapshot 94
Table 33. Amara Raja Batteries Ltd.: Business Segmentation 95
Table 34. Amara Raja Batteries Ltd.: Product Portfolio 95
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. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 16
Figure 4. Europe 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 Europe 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 Europe Lead Acid Battery Market 34
Figure 11. Investment Opportunity Analysis 38
Figure 12. Porter’s Fiver Forces Analysis of Europe Lead Acid Battery Market 41
Figure 13. Breakdown of Europe Lead Acid Battery Market by Product Type, 2022-2032, % of Revenue 46
Figure 14. Europe Addressable Market Cap in 2023-2032 by Product Type, Value ($ mn) and Share (%) 46
Figure 15. Europe Lead Acid Battery Market by Product Type: Motive Batteries, 2022-2032, $ mn 47
Figure 16. Europe Lead Acid Battery Market by Product Type: Stationary Batteries, 2022-2032, $ mn 48
Figure 17. Europe Lead Acid Battery Market by Product Type: Starting-Light-Ignition (SLI) Batteries, 2022-2032, $ mn 49
Figure 18. Breakdown of Europe Lead Acid Battery Market by Technology, 2022-2032, % of Sales Revenue 51
Figure 19. Europe Addressable Market Cap in 2023-2032 by Technology, Value ($ mn) and Share (%) 51
Figure 20. Europe Lead Acid Battery Market by Technology: Basic Lead Acid Battery, 2022-2032, $ mn 52
Figure 21. Europe Lead Acid Battery Market by Technology: Advanced Lead Acid Battery, 2022-2032, $ mn 53
Figure 22. Breakdown of Europe Lead Acid Battery Market by Construction Method, 2022-2032, % of Sales Revenue 55
Figure 23. Europe Addressable Market Cap in 2023-2032 by Construction Method, Value ($ mn) and Share (%) 55
Figure 24. Europe Lead Acid Battery Market by Construction Method: Flooded Batteries, 2022-2032, $ mn 56
Figure 25. Europe Lead Acid Battery Market by Construction Method: Valve-Regulated Lead-Acid (VRLA) Batteries, 2022-2032, $ mn 57
Figure 26. Breakdown of Europe Lead Acid Battery Market by Charging Method, 2022-2032, % of Revenue 59
Figure 27. Europe Addressable Market Cap in 2023-2032 by Charging Method, Value ($ mn) and Share (%) 59
Figure 28. Europe Lead Acid Battery Market by Charging Method: Constant Voltage Charging, 2022-2032, $ mn 60
Figure 29. Europe Lead Acid Battery Market by Charging Method: Constant Current Charging, 2022-2032, $ mn 61
Figure 30. Breakdown of Europe Lead Acid Battery Market by Application, 2022-2032, % of Revenue 63
Figure 31. Europe Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%) 63
Figure 32. Europe Lead Acid Battery Market by Application: Transportation, 2022-2032, $ mn 64
Figure 33. Europe Lead Acid Battery Market by Application: Industrial, 2022-2032, $ mn 65
Figure 34. Europe Lead Acid Battery Market by Application: Utility, 2022-2032, $ mn 66
Figure 35. Europe Lead Acid Battery Market by Application: Commercial & Residential, 2022-2032, $ mn 67
Figure 36. Europe Lead Acid Battery Market by Application: Other Applications, 2022-2032, $ mn 68
Figure 37. Breakdown of Europe Lead Acid Battery Market by Sales Channel, 2022-2032, % of Revenue 69
Figure 38. Europe Addressable Market Cap in 2023-2032 by Sales Channel, Value ($ mn) and Share (%) 70
Figure 39. Europe Lead Acid Battery Market by Sales Channel: OEM, 2022-2032, $ mn 71
Figure 40. Europe Lead Acid Battery Market by Sales Channel: Aftermarket, 2022-2032, $ mn 72
Figure 41. Breakdown of European Lead Acid Battery Market by Country, 2022 and 2032, % of Revenue 74
Figure 42. Contribution to Europe 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 75
Figure 43. Lead Acid Battery Market in Germany, 2022-2032, $ mn 76
Figure 44. Lead Acid Battery Market in U.K., 2022-2032, $ mn 78
Figure 45. Lead Acid Battery Market in France, 2022-2032, $ mn 80
Figure 46. Lead Acid Battery Market in Spain, 2022-2032, $ mn 82
Figure 47. Lead Acid Battery Market in Italy, 2022-2032, $ mn 84
Figure 48. Lead Acid Battery Market in Netherlands, 2022-2032, $ mn 86
Figure 49. Lead Acid Battery Market in Rest of Europe, 2022-2032, $ mn 88
Figure 50. Growth Stage of Europe Lead Acid Battery Industry over the Forecast Period 90
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
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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.
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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
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