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Asia Pacific VRLA Battery Market Size

Report ID: GMI8790
Published Date: Apr 2024
Report Format: PDF

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Asia Pacific VRLA Battery Market Size

Asia Pacific VRLA battery Market was valued at USD 11.3 billion in 2023 and is estimated to grow at a CAGR of over 3.3% between 2024 and 2032. The proliferation of the data centers in line with introduction of new laws governing data security will positively sway the industry growth.

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Valve regulated lead acid also known as sealed lead-acid are maintenance free batteries. These batteries utilize a one-way pressure-relief valve system and provide improved installation & maintenance costs, energy density and more safety. These units offer a cost competitive value proposition to a consumer across diverse end uses amongst a multitude of other competing chemistries.

Asia Pacific VRLA Battery Market Report Attributes
Report Attribute	Details
Base Year:	2023
Asia Pacific VRLA Battery Market Size in 2023:	USD 11.3 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	3.3%
2032 Value Projection:	USD 15.2 Billion
Historical Data for:	2019 - 2023
No. of Pages:	150
Tables, Charts & Figures:	360
Segments covered:	Application, Technology, Sales Channel & Country
Growth Drivers:	Burgeoning expansion in the automobile sector Flourishing real estate sector Increasing demand for uninterrupted power supply
Pitfalls & Challenges:	Rising penetration of lithium-ion batteries

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Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific market for VRLA battery was reached USD 11.3 billion in 2023 and is expected to register 3.3% CAGR from 2024 to 2032, owing to the proliferation of the data centers in line with introduction of new laws governing data security worldwide.

The AGM VRLA battery segment is expected to exceed USD 12 billion by 2032 due to positive regulatory focus toward the adoption of feasible solar reforms along with government mandates to optimize energy.

China VRLA battery industry is expected to cross USD 6 billion by 2032 due to upsurge in the national fleet age along with increasing consumer inclination toward repair & maintenance of automobiles driving product penetration in the country.

Leoch International Technology Limited Inc., Microtex Energy Private Limited, MUTLU, Okaya Power Pvt. Ltd., Panasonic Corporation, PT. Indobatt Industri Permai, Ritar International Group, Z-Power Impex Private Limited, are some of the major VRLA battery companies in Asia Pacific.