Lead Acid Battery Market to Surge Considerably; Significant Rise in Data Centers Across Glob to Fuel Market Growth
The global lead acid battery market is expected to grow from an estimated USD 41.6 billion in 2019 to USD 52.5 billion by 2024, at a CAGR of 4.7% during the forecast period. The growth of this market is driven by burgeoning expansion in the automotive industry, rapid technological advancement, development of the telecom sector, and the cost-effectiveness of lead acid battery storage solution.
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Rising Demand of Electric Vehicles to Witness Significant Growth of Lead Acid Battery Market
Global Lead Acid Battery Market Overview:
According to the new market research report, the global lead acid battery market is projected to reach USD 52.5 billion by 2024 from an estimated USD 41.6 billion in 2019, at a CAGR of 4.7% during the forecast period. This growth can be attributed to factors such as the need to integrate renewable energy to the main grid, and the booming data industry...
Lead Acid Battery Market Future Trends 2019 – By EnerSys, Exide Industries, GS Yuasa, Clarios, Panasonic, Chaowei Power, Narada Power
The global lead acid battery market is projected to reach USD 52.5 billion by 2024 from an estimated USD 41.6 billion in 2019, at a CAGR of 4.7% during the forecast period. This growth can be attributed to factors such as the rapid expansion of data center infrastructure, and increase in the 2022 renewable energy generation target leading to a growing requirement of integration of energy into the...