Sealed Lead Acid (SLA) Battery Market Size, Share, Growth, And Industry Analysis by Type (AGM Battery, GEL Battery) by Application (Automotive Starter, Motorcycles and Electric Bikes, Forklifts and Other Vehicles, UPS & Others), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Sealed Lead Acid (SLA) Battery Market Report Overview

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The global sealed lead acid (SLA) battery market size was USD 38410 million in 2020. As per our research, the market is expected to reach USD 84234.39 million by 2031, exhibiting a CAGR of 7.4% during the forecast period.

A sealed lead-acid (SLA) battery is a rechargeable battery that is widely utilised in a variety of applications. It is made up of lead and lead dioxide plates submerged in a sulfuric acid electrolyte solution. SLA batteries are distinguished by their sealed structure, which prevents electrolyte leakage or spillage. This design provides benefits such as maintenance-free operation, vibration resistance, and the flexibility to function in varied orientations. SLA batteries are noted for their dependability and resilience, making them ideal for backup power systems, uninterruptible power supply (UPS), emergency lights, and electric cars. They offer a low-cost, high-efficiency energy storage option with a reasonably long service life.

The demand for sealed lead-acid (SLA) batteries is rising, which is causing the market size for these products to expand. First of all, SLA batteries are frequently used in essential applications like backup power systems and uninterruptible power supply (UPS), which are essential in sectors like telecommunications, healthcare, and data centres. The need for SLA batteries increases as these industries develop and grow increasingly dependent on dependable power sources. The industry has expanded as a result of the rising popularity of electric vehicles (EVs), which frequently employ SLA batteries due to their cost and durability. SLA batteries are also appropriate for a variety of consumer and industrial applications due to their resilience and maintenance-free operation, which contributes to the rising demand.

COVID-19 Impact: Pandemic Caused Decline In Demand As Lockdown Measures And Economic Uncertainties Led To A Slowdown In Various Industries

The market for sealed lead-acid (SLA) batteries has been significantly impacted by the COVID-19 outbreak. Demand initially decreased on the market as a result of lockdown measures and economic uncertainty slowing down a number of sectors. SLA battery production was hampered by the supply chain disruption caused by the temporary closure of many manufacturing facilities. Additionally, the car industry, a significant user of SLA batteries in electric vehicles, was impacted by travel restrictions and decreased consumer spending. The pandemic, however, also resulted in a change in priorities and a greater demand for dependable backup power options. The need for UPS systems and backup power soared as people and organisations adapted to remote work and online activities, which fueled the SLA battery market's rebound. Additionally, the market recovery was aided by the rise in demand for SLA-powered medical devices and equipment in the healthcare industry, including as portable oxygen concentrators and ventilators. Overall, despite the early difficulties brought on by COVID-19, the SLA battery business was able to bounce back and, in some cases, even expand. 

Latest Trends

"One Important Trend In The Market Is The Creation Of New SLA Battery Products And Improved SLA Battery Technologies"

The development of new SLA battery products and better SLA battery technology is one significant trend in the sealed lead-acid (SLA) battery industry. In order to fulfil the changing demands of diverse sectors, manufacturers are concentrating on improving the performance and capacities of SLA batteries. For instance, improvements in battery chemistry and design have resulted in the creation of high-rate discharge SLA batteries, which can produce more power in less time. Leading market companies are also investing in R&D to produce long-lasting, maintenance-free SLA batteries with increased cycle life and energy density. These improvements are made to overcome the drawbacks of conventional SLA batteries and to meet the needs of applications that demand more energy storage capacity and a longer service life. Additionally, leading manufacturers are exploring environmentally friendly options by developing SLA batteries with reduced lead content and implementing recycling initiatives to minimize environmental impact.

Sealed Lead Acid (SLA) Battery Market SEGMENTATION

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• By type

Depending on sealed lead acid (SLA) battery given are types: AGM Battery, GEL Battery. The AGM Battery type will capture the maximum market share through 2031.

• By Application

The market is divided into Automotive Starter, Motorcycles and Electric Bikes, Forklifts and Other Vehicles, UPS & Others based on application. The global sealed lead acid (SLA) battery market  players in cover segment like Automotive Starter will dominate the market share during 2022-2031.

Driving Factors

"One Of The Factors Driving The Market Expansion For (SLA) Batteries Is The Growing Need For Reliable Backup Power Solutions"

The rising need for dependable backup power solutions is one of the reasons propelling the sealed lead acid (SLA) battery market growth. Businesses and individuals rely largely on an uninterrupted power supply in today's technologically advanced environment to ensure the proper operation of vital systems and equipment. With its capacity to deliver backup power during power outages or changes in the primary power source, SLA batteries are becoming more and more well-liked. SLA batteries are essential to the continued operation of sectors including telecommunications, healthcare, data centres, and emergency services. Additionally, the market demand for SLA batteries is being driven by the increasing use of renewable energy sources like solar and wind power, which has increased the need for effective energy storage solutions.

"Another Reason Driving Up Demand For Batteries Is The Expanding Electric Vehicle (EV) Industry"

The growing electric vehicle (EV) sector is another factor boosting the need for sealed lead-acid (SLA) batteries. Energy storage systems need to be dependable and effective as the demand for electric vehicles grows. SLA batteries are a preferred option for EV makers due to its reputation for dependability, affordability, and capacity for large surge currents. Additionally, SLA batteries have a track record of success in automotive applications, providing assurance in their reliability and security. The market for EVs is anticipated to increase as governments throughout the world concentrate on encouraging sustainable transportation and lowering carbon emissions. As a result, there will be a rise in the market's demand for SLA batteries, which provide an efficient and practical method of energy storage for electric cars.

Restraining Factors

"The Rising Competition From Alternative Battery Technologies Is One Issue Limiting The Growth Of The Industry"

One restraining factor affecting the sealed lead acid (SLA) battery market growth is the increasing competition from alternative battery technologies. As technology advances, new battery chemistries such as lithium-ion batteries are gaining prominence due to their higher energy density, lighter weight, and longer cycle life. These alternative batteries are being adopted in various industries and applications, posing a challenge to the traditional SLA battery market. Customers seeking more compact and high-performance energy storage solutions may opt for these alternatives over SLA batteries. To stay competitive, SLA battery manufacturers need to innovate and differentiate their products, emphasizing the unique advantages of SLA batteries such as their affordability and reliability in specific applications.

Sealed Lead Acid (SLA) Battery Market Regional Insights

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"The Asia-Pacific Region Is Well-Positioned To Maintain Its Leadership Market Due To A Combination Of Growing Industries, Growing People, And Encouraging Government Initiatives"

Asia-Pacific is the largest market for sealed lead-acid (SLA) batteries. The automotive, telecommunications, healthcare, and industrial sectors, which are important users of SLA batteries, are all expanding significantly in the region. The demand for dependable power solutions is being driven by the rising population, urbanisation, and industrialization in nations like China, India, and Southeast Asian countries, which is boosting the market for SLA batteries. Governments in the area are also aggressively supporting the use of renewable energy sources and electric cars, which is increasing demand for SLA batteries. The Asia-Pacific region is well-positioned to keep holding the top spot in the sealed lead acid (SLA) battery market share because to a mix of increasing sectors, expanding populations, and supportive government efforts.

The second-leading region in the sealed lead-acid (SLA) battery market is North America. The region has a strong presence of industries such as telecommunications, data centers, and healthcare, which heavily rely on backup power solutions. The sealed lead acid (SLA) battery market size in North America is driven by factors such as the need for reliable power supply, increasing adoption of electric vehicles, and government initiatives promoting renewable energy. Furthermore, the region has a well-established infrastructure and a technologically advanced market, fostering the growth of SLA battery applications. With a focus on sustainability and energy efficiency, North America continues to be a significant market for SLA batteries.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Johnson Controls (U.S.)
• Exide (U.S.)
• CSB Battery (Taiwan)
• GS Yuasaorate (Japan)
• Enersys (U.S.)
• EAST PENN Manufacturing (U.S.)
• Sebang (South Korea)
• Atlasbx (South Korea)
• Amara Raja (India)
• C&D Technologies (U.S.)
• Trojan (U.S.)
• First National Battery (South Africa)
• Chaowei Power (China)
• Tianneng Power (China)
• Camel (China)
• Fengfan (China)
• Leoch (China)
• Narada Power (China)
• Sacred Sun Power Sources (China)
• Coslight Technology (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.