China Stationary Lead Acid Battery Market Size, Share & Trends Analysis By Application (Utilities, Oil And Gas, Buildings, Industries, Transportation Infrastructure, Off-Grid Renewable, Telecommunication) And Segment Forecasts To 2024

Industry Insights

The China stationary lead-acid battery market size was valued at USD 2.4 billion in 2015. The product will witness significant demand from various end-use industries including oil & gas, nuclear power, electricity generation, construction, hospitality, banking, manufacturing, mining, transport infrastructure, and off-grid renewable.

An easy manufacturing process coupled with the requirement of low-cost equipment will drive the demand over the forecast period. Increasing demand for lead-acid batteries as they provide high surge currents and energy densities will spur industry growth. Moreover, its advantages such as durability, dependability, low maintenance costs, and high discharge rate are expected to increase its preference over Li-ion and NiCd batteries.

Increasing investment by battery manufacturers coupled with the growing number of off-grid renewable projects, manufacturing facilities, and commercial buildings in China is likely to stimulate industry growth.

The increasing demand for stationary lead-acid batteries in off-grid renewable energy generation for storing energy is expected to augment industry expansion. Rising product usage in renewable energy systems will open new market avenues over the forecast period.

The presence of big telecom players such as China Telecom, China Unicom, and China Mobile coupled with the growing population will augment the demand for the product over the next eight years.

Increasing consumption of UPS systems in buildings such as hospitals, banks, offices, data centers, and educational institutions for power backup & storage will promote industry growth over the next eight years. In addition, their ability to provide an uninterrupted power supply is a crucial factor for the development of the market.

High adoption of lead-acid batteries in Energy Storage Systems (ESS) including stand-alone systems with PV, emergency power supply systems, and battery systems for mitigation of output fluctuations from the wind and solar energy will augment demand over the forecast period.

Growing usage of Li-ion batteries in solar power and railway industries is also expected to impact the demand over the forecast period adversely. Moreover, volatile raw material prices will hinder industry expansion over the upcoming years.

各种制造商专注于研发的development of environment-friendly products that are economical and offer better efficiency which in turn will open new market avenues over the forecast period. Ease of recyclability along with less operational expenses will further increase market size over the upcoming years.

Moreover, offshore platforms' sub-sea exploration and on-shore production operations require versatile, maintenance-free, efficient, and lightweight batteries, therefore Li-ion batteries are preferred over lead-acid batteries. However, distribution infrastructure and refineries utilize lead-acid batteries in light of their low cost which is expected to fuel the market growth over the forecast period.

China has planned to continue increasing its natural gas supply to replace coal consumption over the upcoming years. Furthermore, China government’s shale gas policy “First Shale Gas Industrial Policy” intended for rapid promotion of rapid development of the shale gas industry is expected to open new market opportunities.

The presence of key oil and gas companies including CNOOC, Geo-Jade Petroleum, China National Petroleum Corporation, Sinopec, CITIC Resources, Shaanxi Yanchang Petroleum, and Sinochem Group is likely to drive market growth.

Application insights

Industrial applications accounted for 16.7% of the overall market in 2015. Lead-acid batteries are extensively used for providing backup power in various industries including manufacturing, chemical, metal, mining, and cement owing to the economic nature of these products. China's chemical industry is expected to witness substantial growth in light of the increasing consumption of specialty products by various end-use industries ranging from automobiles to computers.

中国开始的“十三个五年计划”for the development of new materials and energy will promote chemical industry growth. Furthermore, the presence of major chemical companies including BASF, Bayer, Dow Chemical, and AkzoNobel coupled with increasing R&D activities and facility expansion is expected to drive demand over the next eight years. Furthermore, the prevalence of the major steel manufacturers including Hebei Iron & Steel Group, Baosteel Group Corp, WISCO, Jiangsu Shagang Group, Shougang Group, Anshan Iron & Steel Group, Shandong Iron & Steel Group, Bohai Iron & Steel Group, and Valin Group will further aid market penetration.

Utilities are expected to witness substantial growth at a CAGR of 7.9% from 2016 to 2024 owing to the high usage of these products in nuclear power plants. Rising environmental concerns along with the growing need for electricity generation will result in increasing demand for nuclear reactors. Moreover, the presence of the major nuclear operators including China National Nuclear Corporation (CNNC) and China General Nuclear Power Group (CGN) will aid industry growth.

Increasing electricity generation in the country is expected to spur the demand for energy storage systems which in turn will fuel the demand for the stationary lead-acid battery market. Moreover, the presence of key energy generation companies including China Guangdong Nuclear Power Group, China National Nuclear Corporation, Shenergy Group, Shenhua Group, Shenzhen Energy, China Datang Corporation, China Guodian Corporation, China Huadian Corporation, China Huaneng Group, China Nuclear Engineering, and Construction Corporation and China Nuclear International Uranium Corporation will drive the market growth over the Stationary lead-acid battery market in upcoming years.

China Stationary Lead Acid Battery market share insights

Key players in the China stationary lead-acid battery industry include GS Yuasa Corporation, Leoch International Technology Ltd., Narada Power Source Co., Ltd., Fengfan Co. Ltd., China Shoto, Johnson Control, Exide Technologies, EnerSys, Fujian Quanzhou Dahua Battery Co., Ltd, C&D Technologies and B.B. Battery Co., Ltd.

公司专注于产品创新crease their market presence. For instance, in March 2016, GS Yuasa Corp introduced the "SLR-1000" lead-acid battery for solar application, which can handle 5,000 charge-discharge cycles, along with a rated capacity of 1,000 Ah. In May 2013, East Penn Manufacturing introduced Deka Fahrenheit, a heat-tolerant VLRA to withstand uncontrolled temperatures, reduce the cost incurred, and for energy conservation in the marine segment.

Report Scope

Attribute	Details
Base year for estimation	2015
Actual estimates/Historical data	2013-2015
Forecast period	2016 - 2024
Market representation	Revenue in USD million and CAGR from 2016 - 2024
Country scope	China
Report coverage	Revenue forecast, company share, competitive landscape, and growth factors and trends
15% free customization scope (equivalent to 5 analysts working days)	If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Segments covered in the report

This report forecasts revenue and revenue growth for china stationary lead acid battery market and provides an analysis on the industry trends in each of the sub-segments from 2013 to 2024. For this study, Grand View Research has segmented the china Stationary lead acid battery market on the basis of application.

• Application Outlook (Revenue, USD Million; 2013 - 2024)

  • Utilities

  • Oil & gas

  • Industrial

  • Building

  • Transportation infrastructure

  • Off-grid renewable

  • Telecommunication

  • Others

• Regional Outlook (Revenue, USD Million; 2013 - 2024)

• China