The Lead Acid Battery Market is expanding in this region due to a rising consumer preference for electric vehicles. Lead acid batteries are commonly used in electric vehicles because they are affordable, dependable, and offer cheap energy storage. Furthermore, lead-acid batteries are anticipated to have significant market expansion in the coming years due to the widespread use of energy storage applications in industrial sectors. Due to their superior advantages, lithium-ion batteries are the primary replacements for lead-acid batteries. Therefore, it is projected that these factors will hinder the expansion of the worldwide lead-acid battery market over the forecast period.
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