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Stationary VRLA Battery Market Trends

Report ID: GMI9492
Published Date: May 2024
Report Format: PDF

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Stationary VRLA Battery Market Trends

The industry is anticipated to witness on account of their maintenance free, ensuring safe operation, and preventing over pressurization. Favorable government policies, incentives, and stringent regulations norms along with rapidly increasing demand for energy storage deployment and renewable energy integration will further drive the lead acid battery market. Moreover, government authorities in line with key industry players are continuous focusing on improving energy efficiency and reducing carbon emissions, which in turn will stimulate the industry outlook.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size for stationary VRLA battery was valued at USD 5 billion in 2023 and will grow at 3.2% CAGR during 2024-2032, driven by increasing adoption of renewable energy sources along with rapidly expansion of telecom and data center infrastructure.

The stationary VRLA battery market from the UPS application segment held a decent share in 2023 and will exceed USD 2.5 billion by 2032, driven by growing need for reliable power solutions to ensure continuous operation of critical systems.

Asia Pacific market is set to surpass over USD 3.5 billion by 2032, owing to rapid industrialization and urbanization.

CEnerSys, EXIDE INDUSTRIES LTD., GS Yuasa International Ltd., HOPPECKE Batterien GmbH & Co. KG, JYC BATTERY MANUFACTURER CO.,LTD., Leoch International Technology Limited Inc, Microtex Energy Private Limited, MUST ENERGY (GUANGDONG) TECHNOLOGY CO., LTD, Mutlu Battery, NorthBatt, and Okaya Power Private Limited among others.