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Lead Acid Battery Market Trends

Report ID: GMI2765
Published Date: Jan 2024
Report Format: PDF

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Lead Acid Battery Market Trends

The proliferation of the data centers along with robust development of IT infrastructure will energize the industry dynamic. Heavy reliance on constant communication, and information sharing coupled with rising costs of unplanned outages will further drive the product adoption. Increasing need for continuous & reliable power driven by the ever-expanding arena of internet and information technology will create a favorable business opportunity for Uninterrupted Power Supply (UPS) systems, which in turn will positively sway the industry outlook worldwide.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Lead acid battery industry reached USD 95.9 billion in 2023 and is poised to expand at 3.1% CAGR through 2034 attributed to the increasing usage in backup power applications for data centers, telecom, and critical infrastructure.

VRLA lead acid battery industry is estimated to grow at 3.3% CAGR from 2024-2034 attributed to the advantages of products, such as reduced electrolyte evaporation, spillage, and higher resistance to temperature.

Europe lead acid battery industry was worth USD 15.6 billion in revenue in 2023 and is estimated to exhibit robust growth through 2034 owing to the significant growth of the automobile production and favorable government policies to reinforce the domestic manufacturing capacity.

Some of the lead acid battery companies are Clarios, GS Yuasa International Ltd., East Penn Manufacturing Company, B.B. Battery, HOPPECKE Battery GmbH & Co. KG., Furukawa Battery Co., Ltd., First National Battery, Shandong Sacred Sun Power Sources Co. Ltd., Middle East Battery Company, Exide Industries Limited, Amara Raja Group, and NorthStar Battery Company, many others.