Enersys, Exide Industries Limited, East Penn Manufacturing Company, Narada Asia Pacific Pte. Ltd., Amara Raja Batteries Ltd. and Leoch International Technology Limited, among others, are key players in the global lead acid battery for energy storage market.
The global lead acid battery market reached a value of US$ 34.3 Billion in 2023. Lead acid batteries are rechargeable energy storage devices comprising an anode and cathode as positive and negative terminals. They are connected by the electrolyte to generate electricity through electrochemical reactions.
Lead-acid batteries are among the world’s safest and most reliable energy storage devices. A lead-acid (Pb) [the symbol Pb from the Latin Plumbum] battery is a rechargeable battery that consists of negative lead and positive lead dioxide electrodes placed into the sulfuric acid electrolyte.
Two major lead-acid battery types include: While a flooded lead-acid battery (wet lead-acid battery) has removable caps for topping up with distilled water, a sealed lead-acid battery is sealed at the top with no access to the inside compartment.
After years of growth, LISS International has become the leading manufacturer and the largest exporter of lead-acid batteries in China.
In order to benefit from the increasingly apparent opportunity for boosted revenue generation streams, major telecom players continue to invest in expanding and developing their processes and operations, creating future opportunities for the lead acid battery market.