According to the research report titled ‘GLOBAL LEAD-ACID BATTERY MARKET 2019-2027‘, available with Market Study Report, global lead-acid battery market is anticipated to record a yearly growth rate of 3.1% through 2027.
 

Rising product demand for application in hybrid electric vehicles and increasing product adoption in data centers are the major contributors of global lead-acid battery market growth. Moreover, the requirement of energy storage devices in off-grid renewable energy generation is favoring the business landscape. Besides, benefits of lead-acid batteries such as low cost and high sustainability as compared to other alternatives is encouraging the product adoption.
 

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Although, rise in lead pollution and economic decline in the automotive sector are expected to restrain global lead-acid battery market revenue in coming years. Further, rising adoption of dry batteries is hindering the market expansion.
 

With regards to the regional frame of reference, global lead-acid battery industry is segmented into Latin America, North America, Europe, Middle East & Africa, and Asia-Pacific. Asia-Pacific lead-acid battery market is expected to showcase a strong CAGR and capture majority of revenue share during the forecast period.  
 

China lead-acid battery market is predicted to attain a large share over the projected timeline, owing to the thriving automotive sector creating a high demand for electric vehicles in the region. On the other hand, technological developments in lead-acid batteries is anticipated to expand Australia lead-acid battery market size during the analysis period.
 

Key players operating in worldwide lead-acid battery market are Clarios LLC, Nipress Inc., EnerSys Corporation, GS Yuasa Corporation, C&D Technologies, Inc. (acquired by KPS Capital Partner), Reem Batteries & Power Appliances Co. SAOC, NorthStar homes, Crown Battery, (acquired by Hitachi Chemical Energy Technology), Zibo Torch Energy Co., Ltd., CSB Battery Company Ltd., Exide Technologies, Inc., East Penn Manufacturing Co., B.B. Battery Co., Toshiba Corporation, and Narada Power Source Co. Ltd.