Lead Acid Battery Market | Regional Growth Forecast 2022-2030

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Lead Acid Battery Market Revenue Forecast
2022-2030 By Regional Manufacturers
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Industry Overview

• According to the report, the global lead acid
  battery market size may surpass USD 105 billion
  by 2030.
• The burgeoning adoption of UPS (uninterrupted
  power supply) systems is among the prominent
  factors fueling the industry development, the
  report cites. The ever-expanding arena of
  information technology and the internet is
  boosting the requirement for reliable and
  continuous power. In emerging economies, there is
  a growing emphasis on the expansion of the IT
  industry. It will heighten the demand for UPS
  systems to operate integral IT equipment and in
  turn, proliferate lead acid battery production.
• In terms of application, the report bifurcates
  the industry into stationary, SLI, and motive
  segments. Of these, the SLI segment accounted for
  over 60 share of the lead acid battery market in
  2021. This was attributed to the rise in the
  electrification of conventional passenger
  vehicles. Automotive manufacturers are also
  shifting their preference toward start-stop
  technology. This shift will escalate the use of
  the rechargeable lead acid batteries for
  automotive applications.
• Based on construction, the industry is divided
  into flooded and VRLA categories. The report
  claims that the flooded segment will bring in
  considerable revenue by 2030 for the battery
  manufacturers. The product has the capability to
  power a wide range of automotive and industrial
  truck applications. As compared to some
  counterparts, the product is more affordable and
  has low upfront costs . Other key benefits, such
  as the high discharge rate, make it versatile and
  compatible with industrial backup power
  applications, driving the segment development.

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Continue
As per the sales channel, the market is
segregated into OEM and aftermarket segments. The
market value from OEM segment is set to exhibit a
steady CAGR of over 2.5 between 2022-2030,
driven by the shifting focus of battery
manufacturers toward more efficient battery
design and cell architecture. Emerging
applications for energy storage will highlight
the potential of advanced batteries over the
coming years. Furthermore, the increasing
requirement of batteries by for backup power and
ancillary loads will influence the prospects for
lead acid battery OEMs.
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Lead Acid Battery Market

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