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DUBLIN, Sept. 30, 2022 /PRNewswire/ — The “Lead Acid Battery Market By Type, By Technology, By Construction Method, By End-Use and By Region Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
The lead acid battery market size is expected to reach USD 65.98 Billion in 2030 and register a revenue CAGR of 4.2% over the forecast period, according to the latest report. The market is expected to grow owing to the rising demand for lead acid batteries from various end-use industries, such as automotive and industrial. Moreover , the market is anticipated to benefit from the growing demand for lead acid batteries from emerging economies, such as China and India.
The automotive industry is one of the major consumers of lead acid batteries, and the market is expected to grow owing to the increasing sales of automobiles in emerging economies. Moreover, the market is anticipated to benefit from the growing demand for lead acid batteries from the industrial sector. The market is expected to grow owing to the rising demand for lead acid batteries from various end-use industries, such as automotive and industrial.
The Asia Pacific region is expected to be the largest market for lead acid batteries, with a revenue CAGR of 4.5% over the forecast period. The market is expected to grow owing to the increasing sales of automobiles in China and India. The market in the region is also…
Full story available on Benzinga.com
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