Lead Acid Battery Market to hit $80 billion by 2027, Says Global Market Insights Inc.
Lead Acid Battery Industry is expected to register more than 4.5% CAGR between 2021 and 2027, supported by growing demand for high energy density battery units.
Selbyville, Delaware, March 17, 2021 (GLOBE NEWSWIRE)
The lead acid battery
market value is projected to cross USD 80 Billion by 2027, as reported in the latest study by Global Market Insights Inc. Growing demand for energy storage devices with high energy density coupled with rising preference of personal automobile will positively impact the adoption of lead acid batteries across the globe.
Superior cranking performance and high-power delivery are few of the prominent features offered by the lead acid batteries, proliferating its demand across stationary applications. The batteries comprise of sponge metallic lead anode, lead oxide cathode and an electrolyte of sulfuric acid solution, which allows the battery to be recharged and o
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