Market growth: New energy and energy storage demand drive industry expansion
In 2025, the global lead-acid battery market will continue to expand. As the world’s largest producer and consumer, China’s market size is expected to exceed RMB 150 billion, a year-on-year increase of 18%. The growth mainly comes from three major areas:
1. **New energy vehicles**: China’s new energy vehicle sales are expected to reach XX million units, and lead-acid batteries account for a significant proportion in starting power supplies and hybrid systems, with a demand of more than 10 billion watt-hours.
2. **Energy storage system**: Distributed energy and microgrid construction drive energy storage demand. Lead-acid batteries occupy 30% of the market share with high cost performance, becoming an important choice for grid peak regulation.
3. **Two-wheeled electric vehicles**: The new national standard relaxes vehicle weight restrictions (the upper limit of lead-acid models is increased to 63kg), and the consumption potential of the sinking market is released, and the market share of lead-acid batteries exceeds 80%.
Technology upgrade: Double breakthrough in environmental protection and performance
The lead-acid battery industry is responding to environmental pressure and market competition through technological innovation:
- **Colloid battery and sealing technology**: Energy density increased by XX%, cycle life extended by 30%, self-discharge rate reduced, suitable for extreme environments.
- **Intelligent management**: Leading companies have launched lead-acid batteries equipped with battery management systems (BMS), which monitor temperature, power and charging and discharging status in real time to extend service life (such as Green Source digital batteries).
- **Green recycling**: The lead recycling rate exceeds 98%, the closed loop of the industrial chain is accelerated, and companies such as Huayu New Energy have launched patented lead liquid transportation technology to improve production environmental protection standards.
Competitive landscape: Leading companies dominate, and the overseas strategy is deepened
The Chinese lead-acid battery market is highly concentrated, with the top five companies accounting for 60% of the market share. Tianneng Power (00819.HK) has seen its stock price rise by more than 3% in a single day thanks to the recovery of the two-wheeled vehicle market. Its distribution network covers 400,000 terminal stores, and its after-sales market accounts for 75%. Companies such as Chaowei and Camel Holdings have reduced costs and consolidated their cost-effectiveness advantages by optimizing production processes.
Challenges and opportunities: Differentiation paths under sodium battery competition
Although sodium batteries are seen as potential substitutes due to their fast charging and low temperature resistance, lead-acid batteries still have advantages in safety (fire risk is only 1/4 of lithium batteries) and cost (price is 30-50% lower). The industry responds to challenges through the following strategies:
- **Deepening market segmentation**: Focusing on areas with high safety requirements such as power tools and backup power supplies;
- **Technology integration**: Developing “lead-acid + lithium battery” hybrid energy storage solutions that take into account performance and economy;
- **Policy dividends**: China’s new energy subsidies and energy storage infrastructure policies continue to tilt, supporting long-term demand.
Future outlook: green transformation and global layout
In 2025, the lead-acid battery industry will accelerate its transformation towards high efficiency and environmental protection. It is expected that by 2028, the Chinese market size is expected to exceed XX billion yuan, and energy storage and overseas markets (emerging regions such as Southeast Asia and Africa) will become new growth engines. Enterprises need to strengthen technology research and development and international cooperation to cope with industrial changes under the global carbon neutrality goal.
Post time: Feb-13-2025