USA Lead Acid Battery Market Research Report, 2029

The U.S. lead-acid battery market remains a key player in the energy storage industry, driven by its widespread use in automotive, industrial, and renewable energy sectors. In the U.S., lead-acid batteries continue to dominate in applications such as automotive starting systems, backup power, and energy storage due to their reliability and cost-effectiveness. In the United States, the management of lead-acid batteries is governed by several federal regulations that focus on environmental protection and worker safety. The Environmental Protection Agency (EPA) enforces the Hazardous Waste Regulations under the Resource Conservation and Recovery Act (RCRA), which sets the framework for the safe handling, storage, and disposal of spent lead-acid batteries. These regulations require battery manufacturers and recyclers to adhere to strict guidelines to minimize lead emissions and prevent environmental contamination. Additionally, the Department of Transportation (DOT) regulates the safe transportation of lead-acid batteries, ensuring that they are packaged and shipped in a manner that prevents leaks and spills. The Occupational Safety and Health Administration (OSHA) also plays a critical role by establishing safety standards for workers involved in the manufacturing and recycling processes, thereby reducing the risk of lead exposure. Recycling of lead-acid batteries has a positive environmental impact. It reduces carbon emissions, saves energy, and is far more energy-efficient than producing lead from processing ores and mining. These factors are expected to increase the recycling of lead-acid batteries over the forecast period. Lead acid battery finds wide usage in motive industry applications including forklifts, golf cart, and industrial cleaner. High usage of lead acid battery in small range transportation vehicles such as forklifts and golf carts on account of their low cost, reliability, and well-established supply chain will fuel demand. According to the research report "United States (US) Lead Acid Battery Market Research Report, 2029," published by Actual Market Research, the United States (US) lead acid battery market is anticipated to grow at more than 6.44% CAGR from 2024 to 2029. Growing demand from the original equipment (OE) market, along with the aftermarket, will aid market sales over the forecast period. Also, the growing automotive sector in the country will fuel demand. Rising demand for vehicle charging infrastructure and the installation of renewable energy systems will stimulate U.S. lead-acid battery market growth. Besides, high demand from telecom towers, coupled with ongoing innovations, is expected to spur demand growth. Subsidies and favorable regulatory frameworks are anticipated to provide players several opportunities. Furthermore, a sharp decline in equipment cost owing to a rise in installations, particularly in California, is expected to continue over the forecast period. Lead-acid batteries are the most commonly used batteries in the world on account of their cost efficiency, reliability, high capacity, safety, and wide application. They are highly recyclable, with over 95.0% of all lead recycled, which is used in battery and reuse in the production of new batteries. These advantageous properties are anticipated to drive demand over the coming years. Lead acid batteries have a major application uninterruptible power supply (UPS) systems as they are cheaper and have a higher power density. A UPS system acts as a backup in case of power failure and supplies the system with electricity for uninterrupted operation. UPS systems are extensively used in building such as hospitals, banks, offices, data centers, and educational institutions. These factors are expected to fuel market growth over the forecast period. The increasing demand for UPS systems in industries, corporate offices, research institutions, educational institutes, hospitals, and houses is anticipated to drive the market growth over the coming years.

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The SLI segment is the largest and most established, primarily driven by the automotive industry. These batteries are essential for starting vehicles and powering electrical systems in cars, which has led to significant demand, especially with the increasing electrification of conventional vehicles. The growth in passenger and commercial vehicle production further supports this segment's dominance, as SLI batteries account for a substantial share of the market revenue. The stationary segment is recognized as the fastest-growing category, fueled by rising needs for uninterruptible power supply (UPS) systems across various industries, including telecommunications, healthcare, and energy. This segment benefits from the growing reliance on backup power solutions to ensure continuous operations during outages. The expansion of renewable energy sources necessitates reliable energy storage solutions, further driving demand for stationary lead-acid batteries. The motive segment, which includes traction batteries used in electric vehicles, forklifts, and golf carts, is emerging as a significant player in the market. This segment's growth is attributed to the increasing adoption of electric vehicles and the demand for efficient power sources in industrial applications. As the market for electric transportation expands, the motive segment is expected to gain traction, supported by technological advancements that enhance battery performance and longevity. Flooded Lead-Acid Batteries are the traditional type of lead-acid batteries, known for their robustness and cost-effectiveness. They require regular maintenance, including checking electrolyte levels, which makes them less appealing for applications where convenience is a priority. However, their high surge current capability and reliability make them suitable for various industrial applications, including backup power systems and automotive use. The flooded segment continues to dominate the market due to its extensive use in automotive and stationary applications, where maintenance is manageable, and cost considerations are paramount. VRLA Batteries are increasingly gaining traction due to their maintenance-free design and versatility. They are sealed, preventing electrolyte spillage and allowing for installation in various orientations. This construction method is particularly advantageous in applications requiring compact and reliable power sources, such as telecommunications, uninterruptible power supplies (UPS), and renewable energy systems. The VRLA segment is experiencing growth driven by the rising demand for energy storage solutions and the need for reliable backup power in critical applications. The Automotive segment remains the largest consumer of lead-acid batteries, primarily for Starting, Lighting, and Ignition (SLI) applications. These batteries are essential for starting internal combustion engines and powering vehicle electronics. The growth in vehicle production, particularly in conventional and hybrid vehicles, sustains demand in this segment. The UPS segment is witnessing significant demand due to the increasing need for reliable backup power in critical applications such as data centers, hospitals, and financial institutions. Lead-acid batteries are favored for their cost-effectiveness and ability to provide high power density, ensuring uninterrupted operations during power outages. However, there is a growing trend towards adopting lithium-ion batteries in this sector due to their superior performance characteristics. In the Telecom segment, lead-acid batteries are crucial for providing backup power to telecommunications infrastructure, including cell towers and data centers. The expansion of mobile networks and increasing reliance on digital communication drive demand for these batteries, which offer reliability and long service life. The Others segment encompasses various applications, including renewable energy storage and industrial uses. Lead-acid batteries are utilized in off-grid renewable energy systems, where they store excess energy generated from solar and wind sources, providing a stable power supply.

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Nikita Jabrela

Business Development Manager

COVID-19 impacts: The elevator and escalator business has been significantly damaged in recent years as a result of lockdowns implemented in United States (US) due to the COVID-19 pandemic outbreak in December 2019. The COVID-19 epidemic has hindered the construction industry's expansion in recent years, generating delays that can be ascribed to various damaged supply chains. The elevator and escalator manufacturers, as well as the overall construction industry, are expected to face a number of challenges as most commercial projects are likely to be left incomplete or delayed due to supply chain disruptions, cash flow constraints, workforce unavailability, and production shutdowns. The demand for elevators and escalators is expected to rise in the coming years as various governments of United States (US) prepare to gradually lift the lockdowns. As the lockdowns progressively cease, the construction sector is expected to increase. As commercial developments resume throughout the world, demand for elevators and escalators is expected to rise in the upcoming years. Considered in this report • Geography: United States (US) • Historic Year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • United States (US) Elevator & Escalator Market with its value and forecast along with its segments • Application wise tire industry distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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By Product: • SLI (starting, lighting, and ignition) • Stationary • Motive By Construction Method: • Flooded • Valve Regulated Sealed Lead–acid battery (VRLA) By Application: • Automotive • UPS • Telecom • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to elevator & escalator industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.