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Asia Pacific Flooded Lead Acid Battery Market Size

Report ID: GMI9460
Published Date: May 2024
Report Format: PDF

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Asia Pacific Flooded Lead Acid Battery Market Size

Asia Pacific Flooded Lead Acid Battery Market was valued at USD 42.9 billion in 2023 and is estimated to grow at a CAGR of over 2.9% between 2024 and 2032. Burgeoning expansion in the automotive industry along with increasing adoption of renewable energy systems will contribute to the demand for these batteries.

Asia Pacific Flooded Lead Acid Battery Market

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A flooded lead-acid battery is a type of rechargeable battery that uses lead electrodes immersed in an electrolyte solution of sulfuric acid. This type of battery is called "flooded" because the electrodes are submerged in the electrolyte, which allows for the transfer of ions between the positive and negative plates during charging and discharging cycles. These units are commonly used in automotive applications, uninterruptible power supplies, renewable energy storage systems and various industrial applications.

Asia Pacific Flooded Lead Acid Battery Market Report Attributes
Report Attribute	Details
Base Year:	2023
Asia Pacific Flooded Lead Acid Battery Market Size in 2023:	USD 42.9 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	2.9%
2032 Value Projection:	USD 57.4 Billion
Historical Data for:	2021 – 2023
No. of Pages:	106
Tables, Charts & Figures:	18
Segments covered:	Application, Sales Channel & Country
Growth Drivers:	Cost competitive solution for energy storage Robust expansion of data centres Burgeoning expansion in the automotive industry
Pitfalls & Challenges:	Increasing penetration of alternative lithium-ion batteries

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Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific market for flooded lead acid battery was reached USD 42.9 billion in 2023 and will grow at over 2.9% CAGR between 2024 and 2032, driven by expanding automotive sector coupled with the increasing adoption of EVs and hybrid vehicles.

Asia Pacific flooded lead acid battery market from the stationary application segment will surpass USD 14.3 billion by 2023, due to their vital role in providing reliable backup power solutions for various applications, such as telecommunications, data centers, and utilities.

China flooded lead acid battery industry will exceed USD 25 billion by 2032, propelled by robust industrial sector, rapid urbanization, and extensive infrastructure development projects.

C&D Technologies Inc., Contemporary Amperex Technology Co., Limited, East Penn Manufacturing Company, Inc., EnerSys, Exide Industries Limited, Furukawa Battery Co., Ltd., GS Yuasa Corporation, Johnson Controls International, Robert Bosh GmbH, and Trojan Battery Company, among others.