Asia Pacific VRLA Battery Market Analysis

Asia Pacific VRLA Battery Market Analysis

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The AGM VRLA battery market will surpass USD 12 billion by 2032. Positive regulatory focus toward the adoption of feasible solar reforms along with government mandates to optimize energy is set to positively impact the industry landscape. Increasing investments across the real estate sector coupled with massive government-supported plans across different economies will fuel the business outlook.
 

The SLI VRLA battery market size will witness growth rate of over 3% through 2032. Increasing production of commercial & private vehicles along with increasing sales of two-wheelers will positively impact the business landscape. The increasing electrification in conventional passenger vehicles in line with surging popularity of advanced features in cars will fuel the business landscape. Shift in the adoption of start-stop technology by automotive manufacturers will further foster the product penetration.
 

The China VRLA battery market is set to reach over USD 6 billion by 2032. The upsurge in the national fleet age along with increasing consumer inclination toward repair & maintenance of automobiles will drive the product penetration. High living standards, soaring disposable income and rising adoption of energy efficient power supply & storage solutions are some of the other imperative factors, which will augment the business landscape.