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Asia Pacific Lead Acid Battery Market Trends

Report ID: GMI6661
Published Date: Sep 2023
Report Format: PDF

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Asia Pacific Lead Acid Battery Market Trends

Ongoing cost associated implementations will lead significant decline in the cost of batteries over the coming years and battery energy storage become more competitive when compared to its available counterparts. This further offers cost savings by avoiding over capacity in the system and by reducing the need for grid infrastructure investment. Increasing need for continuous & reliable power driven by the ever-expanding arena of internet and information technology will create a favorable business opportunity lead acid battery market.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size for lead acid battery in APAC reached USD 41.9 billion in 2022 and is expected to surpass USD 57.6 billion by 2032, due to advantages, including cost efficiency, high battery capacity, product reliability and safety.

The stationary application segment held over 60% share of the Asia Pacific lead acid battery market in 2022, owing to the paradigm shift towards reliable power quality driven by the ever-increasing dependency on electronics.

China lead acid battery market size recorded over USD 17.8 billion in 2022, due to the increasing production of automobiles and surging focus toward reliable & efficient power supply in the nation.

Some of the influential lead acid battery firms in APAC include Clarios, GS Yuasa International Ltd., East Penn Manufacturing Company, C&D Technologies Inc. Leoch International Technology Limited Inc., Zibo Torch Energy Co. Ltd., B.B. Battery, HOPPECKE Battery GmbH & Co., among others.