The lead acid battery market was valued at US$ 49.16 billion in 2016 and is projected to reach US$ 72.29 billion by 2025, exhibiting a CAGR of 4.41% during the forecast period. According to Lead acid battery Market Report, by product type (SLI Lead Acid Battery, Stationary Lead Acid Battery, and Motive Lead Acid Battery) by Construction method (Flooded Lead Acid Battery, and VRLA Lead Acid Battery), by end use (Industrial, Residential, and Commercial) published by Coherent Market Insights.
Growing demand from various industries such as automobiles and telecom sector coupled with increasing demand for uninterrupted power supply are the factors contributing to the market growth of lead acid batteries.
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Browse 500 market data tables* and 470 figures* on "Lead acid battery Market” - Global forecast to 2025.
Key Trends and Analysis of the Global lead acid battery Market:
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