South Korea Lead Acid Battery Market

South Korea Lead Acid Battery Market Overview:

The South Korea lead acid battery market size reached USD 676.40 Million in 2024. Looking forward, the market is expected to reach USD 830.20 Million by 2033, exhibiting a growth rate (CAGR) of 2.07% during 2025-2033. The rising demand for reliable power sources in various applications such as automotive, telecom, and uninterruptible power supplies (UPS) is driving the market. The increasing need for backup power solutions, along with the adoption of electric vehicles (EVs) and renewable energy systems, is contributing to the increasing South Korea lead acid battery market share.

South Korea Lead Acid Battery Market Trends:

Growing Demand in Automotive Sector

The market for lead acid batteries in South Korea is significantly influenced by the automotive industry. Automotive batteries are experiencing increasing demand, particularly for electric cars (EVs). Because of their high surge current capacity, affordability, and dependability, lead acid batteries are the favored choice for automotive applications. Lead acid batteries have grown increasingly vital as the automotive industry expands due to the manufacturing of traditional automobiles as well as the increasing popularity of electric vehicles. South Korea's automotive industry needs dependable, reasonably priced batteries for both conventional and electric automobiles due to technical improvements and an increase in vehicle manufacturing. For instance, in April 2025, researchers in South Korea developed a new anode material for lithium-ion batteries, which offers significant improvements in charging speed and battery lifespan. This innovation allows batteries to charge in just 20 minutes and endure over 1,500 charge cycles, addressing common issues like slow charging and limited battery life. The breakthrough is expected to enhance electric vehicle performance and grid-scale energy storage. The new anode combines hard carbon with tin nanoparticles, providing faster lithium-ion movement and higher energy density. This ongoing growth within the automotive sector ensures a steady demand for lead acid batteries, contributing to the market’s expansion.

Rising Adoption of Renewable Energy and Energy Storage Solutions

Lead acid batteries and other energy storage technologies are gaining traction in South Korea as a result of the country's growing emphasis on renewable energy sources, especially solar and wind. Reliable storage is required to stabilize the system and guarantee a steady supply of power since renewable energy generation varies. Lead acid batteries' affordability, scalability, and existing recycling infrastructure make them ideal for energy storage applications. They frequently serve as backup energy during times of low generation in solar power storage systems. The growing push for sustainable energy practices and the government’s focus on increasing renewable energy capacity are key factors driving the demand for lead acid batteries in energy storage solutions, further supporting South Korea lead acid battery market growth. For instance, as per industry reports, in 2025, South Korea is positioning itself to capitalize on the growing demand for grid storage systems as the global energy storage market expands. While China currently dominates the energy storage systems (ESS) market with nearly 90% global capacity, South Korean companies are set to benefit from US tariffs on Chinese batteries, which now face a 155.9% rate. With energy storage becoming vital for balancing renewable energy, South Korea is focusing on developing lithium iron phosphate (LFP) batteries, which are crucial for grid storage.

South Korea Lead Acid Battery Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on product, construction method, sales channel, and application.

Product Insights:

• SLI
• Stationary
• Motive

The report has provided a detailed breakup and analysis of the market based on the product. This includes SLI, stationary, and motive.

Construction Method Insights:

• Flooded
• Valve Regulated Sealed Lead-acid Battery (VRLA)

A detailed breakup and analysis of the market based on the construction method have also been provided in the report. This includes flooded and valve regulated sealed lead-acid battery (VRLA).

Sales Channel Insights:

• OEM
• Aftermarket

A detailed breakup and analysis of the market based on the sales channel have also been provided in the report. This includes OEM and aftermarket.

Application Insights:

• Automotive
• UPS
• Telecom
• Others

The report has provided a detailed breakup and analysis of the market based on the application. This includes automotive, UPS, telecom, and others.

Regional Insights: 

• Seoul Capital Area
• Yeongnam (Southeastern Region) 
• Honam (Southwestern Region) 
• Hoseo (Central Region) 
• Others 

The report has also provided a comprehensive analysis of all the major regional markets, which include Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and others. 

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

South Korea Lead Acid Battery Market News:

• In May 2025, Amprius Technologies secured a strategic manufacturing partnership in South Korea to enhance its global production of next-generation lithium-ion batteries. The collaboration focuses on manufacturing high-performance SiCore® cells, optimized for drone applications, expanding Amprius’ capacity to meet global demand and strengthening its supply chain for faster delivery.
• In September 2024, Hanwha Aerospace, in collaboration with SK Enmove, unveiled the world's first immersion cooling Energy Storage System (ESS) in Seoul. This innovative technology uses advanced thermal fluid to prevent thermal runaway in lithium-ion batteries, enhancing safety and non-flammability. The system, certified by global institutions, aims to lead the next generation of energy storage solutions, particularly in marine applications. Additionally, SK Enmove's specialized fluid technology maximizes the non-flammable properties of the system.

South Korea Lead Acid Battery Market Report Coverage:

Key Questions Answered in This Report:

• How has the South Korea lead acid battery market performed so far and how will it perform in the coming years?
• What is the breakup of the South Korea lead acid battery market on the basis of product?
• What is the breakup of the South Korea lead acid battery market on the basis of construction method?
• What is the breakup of the South Korea lead acid battery market on the basis of sales channel?
• What is the breakup of the South Korea lead acid battery market on the basis of application?
• What is the breakup of the South Korea lead acid battery market on the basis of region?
• What are the various stages in the value chain of the South Korea lead acid battery market? 
• What are the key driving factors and challenges in the South Korea lead acid battery market?
• What is the structure of the South Korea lead acid battery market and who are the key players?
• What is the degree of competition in the South Korea lead acid battery market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the South Korea lead acid battery market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the South Korea lead acid battery market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the South Korea lead acid battery industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.