The Asia-Pacific region dominated the market for industrial lead acid batteries worldwide, with a market value of 4.7 billion U.S. dollars in 2023. This figure is forecast to grow over the next decade, reaching a value of 8.2 billion U.S. dollars in 2031 – an increase of more than 70 percent. Asia-Pacific is also the top player in the global market for industrial lithium-based batteries.
More information on the global industrial battery market can be found here.
Market value of lead acid batteries for industrial applications worldwide in 2023, with a forecast until 2031, by region
(in million U.S. dollars)
* Forecast based on a CAGR of 7.27 percent for Asia-Pacific, 4.08 percent for North America, 4.67 percent for Europe, 6.58 percent for Latin America, and 7.29 percent for Middle East and Africa in the period from 2024 to 2031.
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Extrapolate. (February 9, 2024). Market value of lead acid batteries for industrial applications worldwide in 2023, with a forecast until 2031, by region (in million U.S. dollars) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1450840/industrial-lead-acid-battery-global-market-value-by-region/
Extrapolate. "Market value of lead acid batteries for industrial applications worldwide in 2023, with a forecast until 2031, by region (in million U.S. dollars)." Chart. February 9, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1450840/industrial-lead-acid-battery-global-market-value-by-region/
Extrapolate. (2024). Market value of lead acid batteries for industrial applications worldwide in 2023, with a forecast until 2031, by region (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1450840/industrial-lead-acid-battery-global-market-value-by-region/
Extrapolate. "Market Value of Lead Acid Batteries for Industrial Applications Worldwide in 2023, with a Forecast until 2031, by Region (in Million U.S. Dollars)." Statista, Statista Inc., 9 Feb 2024, https://www.statista.com/statistics/1450840/industrial-lead-acid-battery-global-market-value-by-region/
Extrapolate, Market value of lead acid batteries for industrial applications worldwide in 2023, with a forecast until 2031, by region (in million U.S. dollars) Statista, https://www.statista.com/statistics/1450840/industrial-lead-acid-battery-global-market-value-by-region/ (last visited December 23, 2024)
Market value of lead acid batteries for industrial applications worldwide in 2023, with a forecast until 2031, by region (in million U.S. dollars) [Graph], Extrapolate, February 9, 2024. [Online]. Available: https://www.statista.com/statistics/1450840/industrial-lead-acid-battery-global-market-value-by-region/
