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Flooded Lead Acid Battery Market Trends

Report ID: GMI9037
Published Date: Apr 2024
Report Format: PDF

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Flooded Lead Acid Battery Market Trends

Growing demand for energy storage systems along with large scale integration of renewable energy will positively impact the industry landscape. Increasing focus on enhancing battery recycling processes to minimize environmental impact and comply with regulatory standards will escalate the product deployment. These units are a cost-effective and reliable option, especially in applications requiring deep cycling and high energy density. Moreover, the rising demand for backup power solutions in regions prone to frequent power outages will amplify the business potential.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of flooded lead acid battery was reached USD 77.2 billion in 2023 and will proliferate at 2.7% CAGR during 2024 and 2032, owing to surging investments in the automobile sector along with growing telecommunication industry.

Stationary flooded lead acid battery market size will exceed USD 26.5 billion by 2032, driven by shifting focus toward intermittent renewable energy sources including solar and wind.

Asia Pacific flooded lead acid battery market is set to surpass USD 56 billion by 2032, attributed to increasing applicability units across power ancillary systems comprising of lighting, infotainment, and start-stop systems.

Amara Raja Batteries Ltd., B.B. Battery, Clarios, Crown battery, 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 and others HOPPECKE Battery GmbH & Co. KG.