Battery – Global Market Outlook (2017-2026)” report has been
added to ResearchAndMarkets.com’s offering.
The Global Lead-acid Battery Market accounted for $57.19 billion in 2017
and is expected to reach $107.59 billion by 2026 growing at a CAGR of
7.3% during the forecast period.
Growing industrialization and urbanization, raising usage in hybrid and
electric vehicles, and technological advancements are the factors
propelling the market growth. However, intense competition, stringent
government regulations are hampering the market growth. Moreover, huge
demand for UPS in industrial sector provides a significant growth
opportunity for the market over the forecast period.
Based on the product type segment, the SLI product is expected to grow
and account for the largest share in the market due to its demand in
applications requiring high power including automotive and also huge
growth of vehicle manufacturing in developing countries.
By geography, Asia Pacific is expected to witness the largest growth
during the forecast period owing to its increasing need for energy
storage systems. Rising demand for renewable energy along with
favourable support from the government for the development of solar and
wind energy is anticipated to drive the usage of energy storage systems.
For more information about this report visit https://www.researchandmarkets.com/research/97msjw/global_leadacid?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180622005451/en/