Lead Acid Battery Market Boost The Industry Growth With USD 84.46 Billion By 2025 : Grand View Research Inc.
San Francisco, 8 May 2019: The Report Lead Acid Battery Market Size & Trend Analysis By Product (SLI, Stationary, Motive), By Construction Method (Flooded, VRLA), By Application (Automotive, UPS, Telecommunication, Electric Bikes, Transport Vehicles), By Region, And Segment Forecasts, 2018 – 2025 The global Lead Acid Battery Market is expected to reach USD 84.46 billion by 2025, according to a new report by Grand View Research, Inc. Expansion of the automotive industry in China, India, Brazil, Mexico, South Africa, Indonesia, and Germany is anticipated to drive industry growth. Furthermore, increasing utilization of energy storage systems and UPS in industries including mining, oil & gas, nuclear power, electricity generation, gas turbine, construction, hospitality, banking, manufacturing, and off-grid renewable is anticipated to drive lead acid battery demand over the forecast period. Electric bikes are expected to witness growth at a CAGR of 6% from 2016 to 2025 owin