According to a research report titled ‘Global Lead-Acid Battery Market 2019-2027’, available with Market Study Report, global lead-acid battery market is anticipated to record 3.1% CAGR during 2019-2027.
 

As per report findings, rising necessity of energy storage devices during the generation of off-grid renewable energy, and increasing use of SLA batteries across data centers will accelerate global lead-acid battery market development in the ensuing years.
 

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Moreover, factors such as affordable cost of lead-acid batteries and their highly sustainable nature play a major role in boosting the market growth.
 

Despite the positive outlook, increasing lead pollution and current economic slowdown of the automotive sector are anticipated to impede market expansion. In addition, shifting preference for dry batteries will also pose a challenge to worldwide lead-acid battery industry valuation.
 

Based on product gamut, the market is split into SLI batteries, and micro hybrid batteries. By type, VRLA battery, flooded battery, and enhanced flooded battery define the market space. Moving on to end user spectrum, the business vertical is comprised of telecommunication, automotive, and UPS among others.
 

On the regional front, Asia Pacific lead-acid battery market is projected to record remarkable growth in the forthcoming years, with major contributions from India and China. Soaring demand for lead-acid batteries from massive automotive vertical, and accelerated advancements in battery technology are providing impetus to APAC market scenario.
 

Key contenders in global lead-acid battery market are C&D Technologies, Inc., B.B. Battery Co., Ltd., CSB Energy Technology Co., Ltd., EnerSys, NorthStar Battery Company, GS Yuasa Corporation, Narada Power Source Co., Ltd., Zibo Torch Energy Co., Ltd., Crown Battery Manufacturing Company, East Penn Manufacturing Co., Exide Technologies LLC, Johnson Controls Battery Group, Inc. (Clarios), PT Nipress Tbk, and Toshiba Corporation.