Lead-acid Battery Market Outlook

Lead-acid batteries were invented by Plant in 1859. After years of development, they have made great progress in theoretical research, product types, product performance, etc., whether in transportation, communication, electric power, military, navigation, aviation, etc. In the economic field, lead batteries have played an important role.

  • Steady development of the global lead-acid battery industry

Over the past decade, with the development of the world’s energy economy and the improvement of people’s living standards, the application fields of lead-acid batteries have been continuously expanded, and the market demand has also increased significantly. According to the China Industry Information Network, the global lead battery market in 2011 was only US$37.21 billion. By 2018, the global lead battery market has reached US$44.52 billion. In 2020, the global lead battery market is expected to reach US$45.98 billion.

  • China is the world’s largest producer, consumer and exporter of lead-acid batteries.

At present, the lead-acid battery industry is an important part of my country’s national economy. It is closely related to the development and interests of industry, transportation, communication, finance, national defence and military industry, navigation and aerospace, new energy storage and people’s daily life. It has played an indispensable and important role in national defence construction. On this basis, my country’s lead-acid battery market continues to grow steadily, and it has become the world’s largest producer, exporter and consumer of lead-acid batteries.

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