Top 10 Lead Acid Battery Companies | Cost-Effective Energy
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Table of Contents
Lead Acid Battery Market Overview
A lead-acid battery, known for its reliability and affordability, consists of positive and negative plates immersed in a sulfuric acid electrolyte within a container. During discharge, chemical reactions occur at the plates, generating electrical energy, and these reactions are reversed during charging.
While lead-acid batteries are cost-effective, durable, and capable of high current output, they also have drawbacks such as lower energy density, weight, and size limitations, requiring maintenance and limited depth of discharge.
They find applications in automotive, uninterruptible power supplies, telecommunications, renewable energy storage, and recreational vehicles. The choice of battery type depends on specific needs and budget constraints.
The lead-acid battery market is primarily driven by its extensive use in the automotive industry for engine starting, lighting, and industrial applications like forklifts and backup power systems. Additionally, lead-acid batteries are essential in telecommunications infrastructure, renewable energy storage, and uninterruptible power supplies (UPS).
The market benefits from growth in developing regions, recycling efforts, and research into technological advancements to improve battery performance. Adopting lead-acid batteries in hybrid and micro-hybrid vehicles also contributes to market growth as environmental concerns and fuel efficiency drive their use in auxiliary functions.
The worldwide lead-acid battery market is projected to offer a promising growth prospect on a global scale, with a compound annual growth rate (CAGR) of 6.9% expected from 2023 to 2032. The market’s value is anticipated to reach USD 31 billion by the conclusion of 2022 and is forecasted to achieve USD 59 billion by 2032.
List of Major Companies
These are the top ten companies operating in the Lead Acid Battery Market:
|Headquarter||Reading, Pennsylvania, US|
|Key Management||David M. Shaffer (CEO)|
|Revenue (US$ Bn)||$ 3.4 Billion (2022)|
|Headcount||~ 9000 (2022)|
Established in 1999 and headquartered in Reading, Pennsylvania, USA, EnerSys is a globally recognized company specializing in energy storage solutions and power distribution systems. Their primary focus is lead-acid and lithium-ion battery technologies, serving various industries, including aerospace, automotive, industrial, and renewable energy.
Their product range includes lead-acid batteries designed for automotive, industrial, and UPS applications and advanced lithium-ion batteries. EnerSys also provides power management systems, charging solutions, and battery monitoring services. Their steadfast commitment to innovation and maintaining high-quality standards has solidified their reputation as a trusted provider of dependable energy storage solutions worldwide.
EnerSys maintains a widespread global presence with operations and facilities spanning North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.
Headquartered in Reading, Pennsylvania, USA, the company serves various industries, including automotive, aerospace, industrial, and renewable energy, through manufacturing facilities, offices, and distribution centers strategically located in key regions.
- In November 2023, EnerSys received an order from Landmark Dividend LLC for 50 units of their innovative energy storage and management systems. These systems are designed to optimize energy usage in several ways, such as reducing demand charges, providing backup power for utilities, and supporting fast charging for electric vehicles (EVs).
- In July 2023, EnerSys expanded its lineup of NexSys iON Lithium-ion batteries, known for their minimal maintenance and superior performance, by introducing an 80 Volt version. This new battery is engineered for quick charging longer operational durations, and provides significant energy capacity in a more compact form.
|Headquarter||Kolkata, West Bengal, India|
|Key Management||Bharat Dhirajlal Shah (Chairman)|
|Revenue (US$ Bn)||$ 1.8 B (2022)|
|Headcount||~ 3296 (2022)|
About Exide Industries
Exide Industries Limited, founded in 1947 and headquartered in Kolkata, India, is a prominent company in the energy storage and power solutions sector. It has a rich history and is a leading manufacturer of lead acid battery, including automotive, industrial, and various other applications.
Renowned for quality and reliability, Exide Industries serves diverse industries such as automotive, telecom, power, and railways in India and globally. Their extensive distribution network ensures wide accessibility, and they prioritize research and development to meet evolving energy storage demands. They also offer services like battery recycling, reflecting their commitment to environmental sustainability and responsible practices.
Exide Industries Limited has a significant geographical presence primarily concentrated in India, where it operates an extensive network of manufacturing facilities, sales offices, and distribution centers, serving domestic and international markets.
As a leader in India’s battery industry, the company provides various lead acid battery for automotive, industrial, and standby power applications. Exide Industries also exports its products to international markets across South Asia, the Middle East, and Africa, expanding its global footprint.
- In October 2023, Exide Industries injected 100 crore rupees into its subsidiary, increasing its shares. This marks the second investment by Exide Industries in Exide Energy Solutions Limited within two months. Exide Energy Solutions Limited specializes in producing lithium-ion battery cells, modules, and packs specifically designed for the electric vehicle sector.
- In March 2022, Exide Industries Ltd. disclosed a multi-year technical partnership with SVOLT Energy Technology Co. Ltd (SVOLT). Under this arrangement, SVOLT will provide Exide with unalterable permission and license to employ, utilize, and commercialize essential technology and expertise possessed by SVOLT to produce lithium-ion cells in India.
|Key Management||Osamu Murao (CEO)|
|Revenue (US$ Bn)||$ 3.8 Billion (2023)|
|Headcount||~ 14,317 (2022)|
About GS Yuasa Corporation
GS Yuasa Corporation, established in 2004 and headquartered in Kyoto, Japan, is a globally renowned company with a legacy dating back over a century to its founding as the original Yuasa Corporation in 1917.
The company is a leading manufacturer of lead acid battery and energy storage products, offering diverse solutions, including lead-acid, lithium-ion, and other advanced technologies. GS Yuasa serves various industries, including automotive, industrial, aerospace, and consumer electronics. Renowned for their quality and reliability, GS Yuasa’s products are trusted by customers worldwide.
GS Yuasa Corporation maintains a significant global presence with operations spanning various regions worldwide. Headquartered in Kyoto, Japan, the company has a strong domestic presence, serving as a hub for research and development, manufacturing, and domestic sales.
In addition to Japan, GS Yuasa has established a robust footprint in the Asia-Pacific region, including countries like China, Thailand, Malaysia, and India. The company also has a notable presence in Europe, North America, South America, the Middle East, and Africa, with manufacturing facilities, sales offices, and subsidiaries strategically located to cater to regional markets.
- In October 2023, GS Yuasa Corporation secured a contract from ENEOS Corporation to supply lithium-ion storage battery systems. These systems will stabilize the power grid as part of ENEOS’s new VPP (Virtual Power Plant) initiative. They are slated for installation at two key locations within the ENEOS Group: the ENEOS Muroran Plant and the Chiba Refinery, which belongs to Osaka International Refining Company, Limited.
- In October 2023, GS Yuasa International Ltd. and GS Yuasa Membrane Co., Ltd., in collaboration with OOYOO Corporation, agreed to develop advanced CO₂ separation membrane systems for efficient carbon dioxide (CO₂) capture and recycling.
|Key Management||Stefan Hartung (CEO)|
|Revenue (US$ Bn)||$94.6 Billion (2022)|
|Headcount||~ 421,338 (2021)|
About Robert Bosch GmbH
Robert Bosch GmbH, commonly known as Bosch, is a highly regarded multinational engineering and technology firm with a rich history dating back to its founding by Robert Bosch in 1886. Based in Gerlingen, Germany, Bosch has established itself as a prominent player in a wide array of industries.
Its diverse product and service portfolio spans automotive components, industrial technology, consumer goods, and energy and building technology. Bosch is particularly renowned for its groundbreaking innovations in the automotive sector, where it manufactures components that enhance vehicle safety and efficiency.
Robert Bosch GmbH, commonly known as Bosch, boasts a substantial global presence, with operations spanning various regions across the world. Headquartered in Gerlingen, Germany, the company has a strong footprint in Europe, North America, Asia-Pacific, South America, the Middle East, and Africa, with manufacturing facilities, research and development centers, and sales offices strategically situated in numerous countries.
- In November 2023, Bosch Ventures, Schwarz Group, and Innovation Park AI (Ipai) in Heilbronn, Germany, jointly led the oversubscribed Series-B funding round for AI startup Aleph Alpha, securing over USD 500 million in investment. This round attracted seven new investors, along with existing ones.
- In October 2023, Bosch and Palas GmbH, a measuring technology specialist based in Karlsruhe, joined forces to enhance air quality. Both companies leverage their extensive experience in a collaborative effort to achieve this goal.
|Key Management||Kazuhiro Tsuga (Chairman)|
|Revenue (US$ Bn)||$65.7 Billion (2022)|
About Panasonic Corporation
Panasonic Corporation, established in 1918 and headquartered in Kadoma, Osaka, Japan, is a globally renowned multinational electronics and technology company with a rich history. Panasonic is a leading provider of diverse products and services across various sectors, including consumer electronics, home appliances, automotive solutions, industrial devices, and energy systems.
The company is particularly known for its innovations in consumer electronics, manufacturing various products such as televisions, cameras, audio equipment, and household appliances. Panasonic serves the aerospace, healthcare, energy, and manufacturing industries, offering cutting-edge technology solutions to meet global customer needs.
Panasonic has established a robust footprint in Asia, including countries like China, India, Malaysia, and Singapore, tapping into rapidly expanding markets. The company operates manufacturing facilities and offices in the United States, Canada, and Mexico in North America, catering to various sectors.
Additionally, Panasonic serves the European market with manufacturing facilities and subsidiaries in countries like Germany and the United Kingdom. With a presence in South America, the Middle East, and Africa and a global distribution network, Panasonic efficiently provides high-quality products and technology solutions.
- In November 2023, Panasonic entered into a strategic partnership through its automotive systems unit. The company has signed a memorandum of understanding with an affiliate of Apollo Global Management Inc., with the possibility of selling a part of the unit and considering options for taking it public.
- In September 2023, Panasonic’s subsidiary, Panasonic Electric Work India (PEWIN), announced that the company is planning a ₹300 crore investment in the next three to four years to expand its Sri City manufacturing plant in Andhra Pradesh to increase exports from India.
|Key Management||George Oliver (Chairman, CEO)|
|Revenue (US$ Bn)||$ 25.3 Billion (2022)|
|Headcount||~ 102,000 (2022)|
About Johnson Controls
Johnson Controls, founded in 1885 and headquartered in Cork, Ireland, is a renowned multinational corporation in building technologies, energy solutions, and automotive systems. The company’s extensive portfolio encompasses various products and services, including HVAC systems, fire detection, access control, and building management systems, all aimed at optimizing building performance.
Johnson Controls is a leader in lead acid battery technologies for automotive, industrial, and renewable applications in the energy solutions sector, contributing to clean energy and sustainable transportation. Within automotive systems, the company specializes in interior systems, seating, electronics, and batteries, collaborating with automotive manufacturers to enhance vehicle comfort, safety, and energy efficiency.
Johnson Controls maintains a significant global presence with operations spanning various regions worldwide. With strong footholds in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, the company strategically positions manufacturing facilities, research and development centers, and offices in numerous countries.
- In November 2023, Johnson Controls unveiled the YORK YVAA Style B Air-Cooled Screw Chiller, marking a pioneering achievement in the United States. This innovative chiller utilizes the environmentally responsible refrigerant R-1234ze, known for its extremely low global warming potential (GWP).
- In October 2023, Johnson Controls received recognition in the innovative heating and cooling category of the Good Housekeeping 2023 Home Renovation Awards for its energy-efficient YORK YH2F 15.2 SEER2 1- and 2-Stage heat pump.
|Headquarter||Blue Bell, Pennsylvania, USA|
|Key Management||Rick Heller (CEO)|
|Revenue (US$ Bn)||$ 620.0 Million (2022)|
|Headcount||~ 2000 (2022)|
About C&D Technologies
C&D Technologies Inc., founded in 1906 and headquartered in Blue Bell, Pennsylvania, USA, is a global leader in energy storage solutions and power conversion technologies. With a rich history of excellence, C&D Technologies specializes in designing and manufacturing a diverse range of products and services tailored to critical applications.
Their offerings include valve-regulated lead-acid (VRLA) batteries, lithium-ion batteries, uninterruptible power supply (UPS) systems, and power electronics solutions, serving markets such as telecommunications, data centers, utilities, transportation, and industrial sectors.
The company has a strong foothold in North America, with manufacturing facilities, research and development centers, and customer support offices. Additionally, C&D Technologies extends its reach into Europe, with manufacturing facilities and offices in countries like the United Kingdom, Germany, and France, effectively meeting the demands of the European market.
In the Asia-Pacific region, including countries such as China, India, and Singapore, the company operates manufacturing facilities, sales offices, and customer support centers to address the growing needs of this dynamic region. C&D Technologies also serves the Latin American market with operations and offices in Brazil and Mexico.
- In June 2023, C&D Technologies introduced a Pure Lead Plus VRLA battery to enhance backup power solutions for critical data center applications. These lead acid battery are designed to optimize the performance of data centers while simultaneously lowering operational expenses.
- In May 2023, C&D Technologies, a renowned global provider of energy storage solutions specifically designed for uninterruptible power supply (UPS) in data centers, launched its high-quality Pure Lead Max (PLM) VRLA battery. This exceptional PLM battery is the longest-lasting among C&D’s VRLA battery offerings for UPS systems and boasts an industry-leading warranty period of eight years.
|Headquarter||Thousand Oaks, California, US.|
|Key Management||Robert Mehrabian (Executive Chairman)|
|Revenue (US$ Bn)||$ 5.46 Billion (2022)|
|Headcount||~ 14,700 (2022)|
About Teledyne Technologies Incorporated
Teledyne Technologies Incorporated, established in 1960 and headquartered in Thousand Oaks, California, USA, is a leading multinational technology company renowned for its innovative solutions across a spectrum of high-technology sectors.
With a rich history of excellence, Teledyne offers a diverse portfolio of cutting-edge products and services, including instrumentation, digital imaging, aerospace and defense electronics, and engineered systems. Operating through a network of specialized subsidiary companies, Teledyne collaborates to provide integrated solutions, addressing complex challenges across global markets.
Teledyne has a strong foothold in North America, serving the market with manufacturing facilities, research and development centers, and customer support offices. Teledyne also extends its reach into Europe, with a presence in countries including the United Kingdom, France, Germany, and the Netherlands, effectively supporting its operations and customer base in the European market.
Teledyne operates manufacturing facilities, sales offices, and customer support centers in the dynamic Asia-Pacific region in countries such as Japan, China, Singapore, and Australia, catering to the growing demand for its technology solutions. Additionally, the company serves the Latin American market with operations and offices in countries like Brazil and Mexico.
- In October 2023, Teledyne Technologies Incorporated announced its plan to acquire Xena Networks ApS, a well-known company based near Copenhagen, Denmark. Xena Networks is renowned for its expertise in providing advanced solutions for high-speed Terabit Ethernet validation, ensuring quality, and conducting production testing.
- In January 2023, Teledyne Technologies Incorporated confirmed its acquisition of ChartWorld International Limited and its affiliated companies. ChartWorld is widely recognized for providing digital marine navigation hardware, and software is offered through a cost-effective subscription-based model. The specific terms of the transactions were not disclosed.
|Key Management||Henry Samueli (Chairman)|
|Revenue (US$ Bn)||$ 16.4 Billion (2022)|
|Headcount||~ 13,000 (2022)|
About Leoch International Technology
Leoch International Technology Limited is a globally recognized company specializing in developing, manufacturing, and distributing energy storage solutions, particularly rechargeable batteries. Established in 1999 and headquartered in Hong Kong, Leoch has become one of the leading players in the industry.
The company’s product portfolio includes a wide range of valve-regulated lead-acid (VRLA) batteries, lithium-ion batteries, and other specialized energy storage solutions. Leoch serves diverse markets, including automotive, industrial, telecommunications, and renewable energy, offering reliable and high-performance lead acid battery for various applications.
The company has a robust foothold in the Asia-Pacific region, with manufacturing facilities and offices in countries like China, Malaysia, and Thailand, effectively serving this dynamic market. Leoch also extends its reach into Europe, with manufacturing facilities and distribution centers in the United Kingdom, Germany, and Poland, supporting its operations in the European market.
The company caters to the North American market with manufacturing facilities and offices in North America, including the United States and Canada. Leoch has further expanded into Latin America, with operations and offices in countries like Brazil, and maintains a presence in the Middle East and Africa to meet the energy storage requirements of industries in these regions.
- In June 2023, Leoch International Technology Limited and Fuzhou University entered a strategic cooperation framework agreement. The signing ceremony for this collaboration took place at Fuzhou University.
- In May 2023, Leoch International Technology Limited showcased a comprehensive energy storage system and starter power solutions at the CIBF 2023 event.
|Key Management||Christopher Pruitt (CEO)|
|Revenue (US$ Bn)||$ 1.8 Billion (2023)|
|Headcount||~ 10,500 (2023)|
About East Penn Manufacturing
Headquartered in Lyon Station, Pennsylvania, USA, East Penn Manufacturing is a prominent, privately-held company with a rich history dating back to its establishment in 1946. The company specializes in developing, manufacturing, and distributing high-quality energy storage solutions, primarily focusing on lead-acid batteries.
East Penn Manufacturing’s extensive product portfolio caters to various applications, including automotive, industrial, commercial, marine, and renewable energy sectors. The company is widely acclaimed for its unwavering commitment to quality, reliability, and sustainability.
East Penn Manufacturing, headquartered in Lyon Station, Pennsylvania, USA, maintains a significant geographical presence primarily concentrated in North America. With a robust network of manufacturing facilities, distribution centers, and offices strategically positioned throughout the United States and Canada, the company efficiently serves customers’ energy storage needs across North America.
- In November 2023, East Penn Manufacturing introduced a new addition to its range of 12-volt AGM batteries, aiming to provide consumers with a straightforward choice amidst the evolving landscape of vehicle electrification and its intricacies.
- In January 2023, East Penn Manufacturing Co. unveiled an enhanced battery lineup featuring the newly branded Deka Marine Master line. This product line expansion includes the introduction of AGM and gel technology alongside their existing flooded battery products, providing customers with a more comprehensive battery selection.
Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.
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