Lead Acid Battery Market Expected to Hit US$ 24.0 Bn by 2020

Rising demand for electric or battery-operated vehicles is generating a discernible level of demand for battery on a global level, especially in developed regions. Consumption of lead acid batteries by manufacturers of two-wheelers, passenger cars, heavy transportation vehicles, and commercial carriers is anticipated to sustain the demand for lead acid battery on a global level. Exploding industrialization and urbanization in developing countries have been fuelling the need for UPS as a reliable source of uninterrupted power, which is foreseen to remain a key factor pushing the battery market growth. Expansion…

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Lead Acid Battery Market to Grow at a CAGR of 4.6% by 2020

Future Market Insights, in its latest report titled, “Global Lead Acid Battery Market Analysis and Opportunities Assessment, 2014-2020”, states that the global lead acid battery market accounted for US$44,689 Mn. in 2014, and is expected to reach US$58,552 Mn. at a CAGR of 4.6% during the forecast period. Asia Pacific, which accounted for the major chunk in the global lead acid battery market, is expected grow at an estimated CAGR of 4.5% during the forecast period. By application type, the global lead acid battery market is segmented as transportation, stationary…

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