The global Lead Acid Battery Market is expanding rapidly and is expected to grow at a CAGR of 4.2% during the forecast period. Growing SLI applications in the automotive industry, growth in renewable energy production, and high demand for energy storage devices are some of the factors driving up demand for lead-acid batteries. As the telecom industry expands in countries such as the United States, Brazil, India, and the United Kingdom, there is a greater need for UPS systems as a backup power source, which leads to greater adoption of lead-acid batteries as a cost-effective energy source. However, increasing adoption and popularity of lithium-ion batteries impedes market growth significantly.
Read more @ https://creativeedge16.blogspot.com/2022/11/global-lead-acid-battery-market.html
