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Asia Pacific VRLA Battery Market Trends

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

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Asia Pacific VRLA Battery Market Trends

Intensifying demand for continuous & reliable power along with extensive investments in T&D infrastructure have enhanced pressure on the power grid, driving the product demand. The government is striving toward enhancing its competitiveness in telecommunication fields to stimulate private capital for the expansion of associated infrastructure, stimulating the business growth. Moreover, legislative support aimed toward reinforcing the domestic manufacturing capacity has considerably strengthened the lead acid battery market.

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.