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Asia Pacific Lead Acid Battery Market Size

Report ID: GMI6661
Published Date: Sep 2023
Report Format: PDF

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Asia Pacific Lead Acid Battery Market Size

Asia Pacific Lead Acid Battery Market size was valued at USD 41.9 billion in 2022 and is estimated to expand at 3.2% CAGR between 2023 and 2032. A lead acid battery is a rechargeable battery variant comprising two electrodes immersed in an electrolyte composed of sulfuric acid. The positive electrode consists of fine particles of metallic lead oxide, while the negative electrode is connected to a lattice structure made of metallic lead. These batteries are known for their reliability and are commonly used in various applications.

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The technology offers key benefits including cost efficiency, high battery capacity, product reliability and safety, accelerating the industry potential. Moreover, the ability of these batteries to offer a competitively priced and easily accessible energy storage solution for a broad array of applications will favor the business scenario.

Asia Pacific Lead Acid Battery Market Report Attributes
Report Attribute	Details
Base Year:	2022
Asia Pacific Lead Acid Battery Market Size in 2022:	USD 41.9 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	3.2%
2032 Value Projection:	USD 57.6 Billion
Historical Data for:	2019 to 2022
No. of Pages:	180
Tables, Charts & Figures:	594
Segments covered:	Application, Construction, Sales Channel
Growth Drivers:	Burgeoning expansion in the automotive industry Rapid technological advancement in the telecom sector Declining battery costs Surging requirements for uninterrupted power supply
Pitfalls & Challenges:	Increasing penetration of alternative lithium-ion batteries

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Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size for lead acid battery in APAC reached USD 41.9 billion in 2022 and is expected to surpass USD 57.6 billion by 2032, due to advantages, including cost efficiency, high battery capacity, product reliability and safety.

The stationary application segment held over 60% share of the Asia Pacific lead acid battery market in 2022, owing to the paradigm shift towards reliable power quality driven by the ever-increasing dependency on electronics.

China lead acid battery market size recorded over USD 17.8 billion in 2022, due to the increasing production of automobiles and surging focus toward reliable & efficient power supply in the nation.

Some of the influential lead acid battery firms in APAC include Clarios, GS Yuasa International Ltd., East Penn Manufacturing Company, C&D Technologies Inc. Leoch International Technology Limited Inc., Zibo Torch Energy Co. Ltd., B.B. Battery, HOPPECKE Battery GmbH & Co., among others.