Lead Acid Battery Market | Exactitude Consultancy Reports

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Exactitude Consultancy Latest Published Lead Acid Battery Market by Product Type (SLI, Stationary, Motive), Technology (Basic Lead Acid, Advanced Lead Acid), Construction Method (Flooded Lead Acid Battery, Valve Regulated Lead Acid Battery (VRLA)), Sales Channel (Lead Acid Battery in OEM, Lead Acid Battery in Aftermarket), End-User (Utilities, Transportation, Industrial, Commercial & Residential) and Region, Global trends and forecast from 2022 to 2029.

Lead Acid Battery Market Overview
The lead acid battery market is expected to grow at 5.44% CAGR from 2022 to 2029. It is expected to reach above USD 56.10 billion by 2029 from USD 43.45 billion in 2020.
Segment Analysis
Segment of SLI batteries to rule the market since SLI batteries are made for cars and are always installed with the charging system of the vehicle, the battery experiences a continuous cycle of charge and discharge anytime the car is in use. In 2021, the SLI batteries sector accounted for the greatest market share. Due to the global expansion of the automotive industry, its share is predicted to increase during the projected period. The automotive industry has benefited from the expanding demand from OEMs and aftermarkets. The demand for these batteries to power start motors, lighting, ignition systems, or other internal combustion engines while assuring excellent performance, long life, and cost-efficiency is one of the main factors contributing to the growth of the SLI battery market.

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