The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Growing demand in the automobile industry are expected to drive innovation in lead acid batteries manufacturing, thus driving the market during the forecast period.

The global lead acid batteries market is expected to grow from $25.65 billion in 2022 to $28.86 billion in 2023 at a compound annual growth rate (CAGR) of 12.5%. The lead acid batteries market is expected to grow from $44.89 billion in 2027 at a CAGR of 11.7%.

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Global Lead Acid Batteries Market Segments Include:

• 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 market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global lead acid batteries market in 2021.

Major Market Players in the lead acid batteries market include EnerSys, Exide Industries, GS Yuasa, Clarios, Panasonic, Chaowei Power, Narada Power, HBL Power Systems, Crown Battery, and NorthStar.

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. According to Battery University, AGM is a preferred battery for upscale motorbikes, owing to features such as reduced weight, lesser acid spilling, and good performance at cold temperatures. These batteries are also gaining traction in motor home, marine, and robotic applications. Therefore, advancements in lead-acid batteries will generate higher demand for the lead-acid batteries market in the forecast period.

The Lead Acid Batteries Global Market Report 2023  provides a lead acid batteries market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The lead acid batteries market forecast analyzes lead acid batteries market size, lead acid batteries market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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 attributed to their requirement for a high-power supply.

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