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Lead Acid Batteries Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
The Business Research Company's Lead Acid Batteries Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026
LONDON, GREATER LONDON, UK, April 7, 2022 /EINPresswire.com / -- According to 'Lead Acid Batteries Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026' published by The Business Research Company, the lead acid batteries market size is expected to grow from $41.33 billion in 2021 to $45.42 billion in 2022 at a compound annual growth rate (CAGR) of 9.9%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. As per TBRC's lead acid batteries market forecast the market is expected to reach $56.55 billion in 2026 at a CAGR of 5.6%. Growing demand in the automobile industry contributed to the lead acid batteries market growth.
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The lead-acid batteries market consists of sales of lead-acid batteries and related services for various industries including automotive, marine, and aerospace. Lead-acid batteries are bigger and store a high amount of energy. These batteries are generally used in automobiles, uninterruptible power supply (UPS), telecommunications, and inverters attributing to their requirement for a high-power supply.
Global Lead Acid Batteries Market Trends
The introduction of an absorbent glass mat (AGM), a lead-acid battery with a lower weight, better electrical reliability, and higher performance is contributing to higher demand for lead-acid batteries.
Global Lead Acid Batteries Market Segments
The global lead acid batteries market is segmented:
By Type: Stationary, Motive
By Technology: Basic Lead Acid Battery, Advanced Lead Acid Battery
By Construction Method: Flooded, Valve Regulated Lead Acid (VRLA)
By End-User: Transportation, Industrial, Residential, Commercial
By Geography: The global lead acid battery market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest share.
Read more on the global lead acid batteries market report at:
Lead Acid Batteries Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides lead acid batteries market overviews, market analysis and forecasts market size and growth for the global lead acid batteries market, share, segments and geographies, market players, leading competitor revenues, profiles and market shares. The lead acid batteries market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors' approaches.
TBRC's Lead Acid Batteries Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key Market Players: EnerSys, Exide Industries, GS Yuasa, Clarios, Panasonic, Chaowei Power, Narada Power, HBL Power Systems, Crown Battery, and NorthStar.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
Looking for something else? Here is a list of similar reports by The Business Research Company:
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About The Business Research Company
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
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