/PRNewswire/ The global battery market size is expected to reach USD 328.07 billion in 2028 and register a revenue CAGR of 13.7% over the forecast period,.
NEW YORK, Oct. 7, 2021 /PRNewswire/ The global battery market size is expected to reach USD 328.07 billion in 2028 and register a revenue CAGR of 13.7% over the forecast period, according
Automotive Lead-Acid Battery Market Research Report, Size, Share, Trends and Forecast to 2026 briefingwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from briefingwire.com Daily Mail and Mail on Sunday newspapers.
The global automotive lead-acid battery market size reached US$ 12.27 Billion in 2020. Looking forward, the market is expected to continue its moderate growth during the next five years, according to the latest report by IMARC Group.
Owing to the expansion in automobile production over the years along with the availability of lead-acid batteries, the America SLI battery market size has witnessed commendable growth in the last few years. Technological advancements made with respect to the design of the product along with the development have prompted the regional governments to introduce favorable policies related to the automotive sector.
This has invariably helped the SLI battery manufacturers in America to enhance the flooded, AGM, and EFB battery technology to achieve a competitive edge and meet the varying demands of the vehicle manufacturers. A considerably improved disposable income among the people in the region has supported the sale of vehicles in the past few decades. In the year 2018, nearly 2 million units of vehicles were sold in Canada.