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Valve regulated lead acid (VRLA) batteries are used as a main storage energy, owing to its unique properties such as power density, elimination of gassing, safety profile, and low maintenance cost. This battery is also used for power applications that conventionally depend on cells, which include portable electrical devices and other applications that require affordable large-scale power storage and off-grid power systems. The valve regulated lead acid (VRLA) batteries have two types: the absorbed glass mat (AGM) and Gelled electrolyte (Gel).

Market Trend Analysis

Major factors affecting growth of the valve regulated lead acid batteries market are increasing consumption of these batteries in the automotive industry mainly in two wheelers. According to India Brand Equity Foundation (IBEF), the production and consumption of two wheelers was significantly high and accounted for about 78.6% of the total automotive sector in the country, for example, two wheeler industry recorded sale of 1.42 million units in October 2016 in India. VRLA batteries gives the superior cranking power and better resistance to vibration and reliable battery also provide low self-discharge.  Valve regulated lead acid batteries are preferred, due to its safe handling capability, which is necessary to ensure proper product functionality like emergency lighting, engine starter and telecom backup power supply during the power outages. VRLA batteries are preferred for stationery applications such as monitoring which includes periodic physical inspection, measurement and recording of each cell of battery. Other benefits of VRLA batteries include maintenance free life, high charge efficiency, moderate service life, high rate-capacity, no electrolyte leakage, therefore providing a safe battery for any orientation. In addition to this, VRLA batteries are rechargeable, which is a highly desirable property among consumers in recent times.

Proper handling, ventilation, and other maintenance issues are factors expected to be a restraining factor for growth of the VRLA batteries market. Life span of the battery is another factor negatively affecting growth of the VRLA batteries market. The life span of VRLA batteries is three to five years based on the maintenance, which is very short as compare to other flooded batteries, which provides life span of 20 years.

Demand for more specific batteries that are durable, with better quality, safety, and performance is increasing. Therefore, manufactures are focusing on these parameter to meet their customer need in developed markets across the globe. For instance, East Penn Manufacturing Co., Inc.’s subsidiary Ecoult, launched Energy Storage Project of Public Service Co. of New Mexico (PNM) in Albuquerque, U.S in October 2011. This project integrated an advanced valve regulated lead acid (VRLA), which plays a key role in solar energy storage also use to provide voltage smoothing for consistent energy level and peak shifting to deliver energy when it required.

In global valve regulated lead acid batteries market the absorbent glass mat segment is expected to exhibit high growth over the forecast period. AGM offers high performance in cold temperatures along with other advantages such as water retention, vibration resistance acid encapsulation, and also charges much faster than other flooded batteries. Furthermore, AGM batteries require less maintenance.

The presence of leading automobile companies which include Toyota, The Ford Motor Company, General Motors, and Fiat Chrysler Automobiles N.V. has augmented the demand for lead acid batteries in North America. According to the International Trade Association, exports of automotive parts from the U.S has shown a steady growth from US$ 5 billion in 2012 to US$ 7.2 billion by 2015.

Asia Pacific is expected to witness high growth in the global valve regulatory lead acid market, due to increasing demand from automobile industry, and for application in telecommunication infrastructure, solar and IT industries. Demand for lead acid batteries is increasing from China, owing to increasing adoption in automobile, automotive, low-speed electric vehicle, and communications applications. According to India Brand Equity Foundation (IBEF), in automobile industry, the domestic two wheeler sale was 16.0 million in 2016 and expected to reach 50-55 million by 2026. This is expected to aid in growth of the market in the region. Growing inclination towards pollution-free electric vehicles coupled with technological developments is expected to fuel demand for this in the near future.

Key Market Players

The global valve regulated lead acid battery market is characterized by presence of large number of players. Some of the major players operating in the valve regulated lead acid market include GS Battery (U.S.A) Inc., Exide Technologies, Panasonic Storage Battery co., Ltd., B.B Battery Co., Ltd, Shenzhen Centre Power Tech. Co., Ltd, Storage Battery System, LCC, EnerSys, Fiamm Batteries S.r.l, MCA Battery Manufacture Co., Ltd, Leoch Battery Corporation, and Daramic LLC manufacture.

Market Taxonomy

On the basis of product type, the global valve regulated lead acids is classified into:

  • Absorbent Glass Mat (AGM)
  • Gel electrolytes (GEL)

On the basis of applications, the global valve regulated lead acids is classified into:

  • Automotive
  • Stationery
  • Electronics
  • Aerospace
  • Others

Valve Regulated Lead Acid (VRLA) Batteries Market Key Developments:

Key companies are involved in activities such as mergers & acquisition and product developments to meet the competitive requirements of market.

For instance, in December 2016, GS Yuasa Corporation, one of leading players in power supply systems and batteries, entered into agreement in order to acquire lead acid battery business of Panasonic for an estimated value of US$ 250 million. This transaction will allow Panasonic’s automotive and industrial system company to focus R&D resources to lithium battery business and other next generation technologies for energy storage.

In July 2017, Tantech Holdings Ltd., a leading player in alternative energy with the use of bamboo-based charcoal products announced the acquisition of Suzhou E Motors Co., Ltd., China-based specialty electric vehicles and power batteries manufacturer. The acquisition is done with the aim of increasing sales and revenue of the company.

In June 2019, SAFT, a company of Total, has acquired 100% of the shares of Go Electrical Inc., a leading U.S.-based developer of distributed energy resiliency solutions for microgrids and industrial and commercial customers.


Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users