According to a report,“Lead Acid Battery Market Size & Trend Analysis By Product (SLI, Stationary, Motive), By Construction Method (Flooded, VRLA), By Application (Automotive, UPS, Telecommunication, Electric Bikes, Transport Vehicles), By Region, And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc., The global lead acid battery market is expected to reach USD 84.46 billion by 2025. Expansion of the automotive industry in China, India, Brazil, Mexico, South Africa, Indonesia, and Germany is anticipated to drive industry growth. Furthermore, increasing utilization of energy storage systems and UPS in industries including mining, oil & gas, nuclear power, electricity generation, gas turbine, construction, hospitality, banking, manufacturing, and off-grid renewable is anticipated to drive lead acid battery demand over the forecast period.
Key Takeaways from the report:
U.S. lead acid battery market, by product, 2014 – 2025 (USD Million)
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Global lead acid battery market volume, by application, 2015 (%)
Grand View Research has segmented the global lead acid battery market on the basis of product, construction method, application and region:
Product Outlook (Revenue, USD Million; 2014 – 2025)
Construction Method Outlook (Revenue, USD Million; 2014 – 2025)
Application Outlook (Revenue, USD Million; 2014 – 2025)
Regional Outlook (Revenue, USD Million; 2014 – 2025)
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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