IMARC Group, a leading market research company, has recently released a report titled "South Korea lead acid battery Market Trends, Share, size and Forecast by Product, Material, Distribution Channel, Pricing, End-User, and Region, 2025-2033."The study provides a detailed analysis of the industry, including the South Korea lead acid battery market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

South Korea lead acid battery Market Overview

The South Korea lead acid battery market size was valued at USD 676.40 Million in 2024 and is forecast to reach USD 830.20 Million by 2033, growing at a CAGR of 2.07% during the period 2025-2033. The increasing need for reliable power sources in automotive, telecom, and UPS applications is driving market growth. The expansion of electric vehicles and renewable energy adoption further fuel the market.

Study Assumption Years

●     Base Year: 2024

●     Historical Years: 2019-2024

●     Forecast Period: 2025-2033

South Korea Lead Acid Battery Market Key Takeaways

●     Current Market Size (2024): USD 676.40 Million

●     CAGR (2025-2033): 2.07%

●     Forecast Period: 2025-2033

●     The automotive sector, driven by increasing electric vehicle production, significantly influences market demand.

●     Lead acid batteries remain preferred for automotive use due to affordability, reliability, and high surge current capacity.

●     Rising adoption of renewable energy sources like solar and wind power is increasing demand for energy storage batteries.

●     Government focus on enhancing renewable capacity supports market growth.

●     South Korea is focusing on lithium iron phosphate (LFP) batteries for grid storage, benefiting from US tariffs on Chinese batteries.

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Market Growth Factors

The South Korea lead acid battery market growth is driven largely by the automotive industry's expanding demand. Lead acid batteries are favored for electric vehicles due to their affordability, dependability, and high surge current capacity. The automotive sector's expansion, including plans for electric vehicle production, ensures sustained demand. For example, in April 2025, South Korean research on lithium-ion battery anode materials enhanced charging speed and lifespan, highlighting the country's innovations supporting battery technology advancement.

Another key driver is the growing adoption of renewable energy and energy storage systems, particularly solar and wind power. Renewable energy's intermittent generation necessitates reliable batteries for energy storage and backup, roles where lead acid batteries are widely used due to cost-effectiveness, scalability, and recycling infrastructure. The government’s push for sustainable energy practices and capacity expansion supports this trend, fostering market growth.

Furthermore, with US tariffs imposed on Chinese batteries, South Korean companies are positioned to benefit competitively, especially in grid storage. The focus on lithium iron phosphate (LFP) batteries for balancing renewable energy illustrates strategic moves towards advanced energy storage solutions. These combined technological, regulatory, and market dynamics underpin projected steady growth from 2025 to 2033 at a 2.07% CAGR.

Market Segmentation

Product Insights:

●     SLI: Starting, Lighting, and Ignition batteries primarily used in vehicles.

●     Stationary: Batteries designed for backup and stationary power applications.

●     Motive: Batteries used to power electric vehicles and motive equipment.

Construction Method Insights:

●     Flooded: Traditional lead acid batteries with liquid electrolyte.

●     Valve Regulated Sealed Lead-Acid Battery (VRLA): Maintenance-free sealed batteries with safety valves.

Sales Channel Insights:

●     OEM: Batteries sold directly to original equipment manufacturers for factory installation.

●     Aftermarket: Batteries sold for replacement or secondary market uses.

Application Insights:

●     Automotive: Batteries used for vehicles including electric and conventional cars.

●     UPS: Uninterruptible power supply systems requiring reliable backup power.

●     Telecom: Batteries supporting telecommunications infrastructure.

●     Others: Batteries used in other miscellaneous applications.

Regional Insights

The dominant region in the South Korea lead acid battery market includes the Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), and Hoseo (Central Region). These regions collectively contribute to the market dynamics, with Seoul Capital Area likely being the most significant due to industrial and automotive hubs. Specific market share statistics or CAGR by region are not provided in the source.

Recent Developments & News

In May 2025, Amprius Technologies formed a strategic manufacturing partnership in South Korea to boost production of next-generation lithium-ion batteries, focusing on high-performance SiCore® cells for drone applications. This collaboration aims to expand capacity and strengthen supply chains.

In September 2024, Hanwha Aerospace and SK Enmove introduced the world's first immersion cooling Energy Storage System (ESS) in Seoul. This system uses advanced thermal fluids to prevent thermal runaway in lithium-ion batteries, enhancing safety and non-flammability, particularly for marine applications.

Key Players

●     Amprius Technologies

●     Hanwha Aerospace

●     SK Enmove

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