According to Future Market Insights (FMI), the global lead-acid battery market was valued at USD 59.7 billion in 2023. It is expected to grow by 4.8% in 2024, reaching USD 62.6 billion. Looking further ahead, the market is projected to expand at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2034, reaching …
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Lead Acid Battery Market To Grow At A CAGR Of 5.2% By 2031 | Future Market Insights
According to a new report by Future Market Insights, the global lead acid battery market is expected to grow at a CAGR of 5.2% from 2021 to 2031. The report also states that the automotive segment is expected to be the fastest-growing segment during the forecast period. Various factors such as increase in demand for electric vehicles …
Demand for a Lead-Acid Battery Market 2021-2031 is Increasing With the Rise in the Sales
The global sales of lead acid battery are set to be valued at over US$ 54.3 Bn in 2021, with a stable long-term projection, according to the latest insights by Future Market Insights (FMI). The report has forecasted the market to expand at over 5.2% CAGR between 2021 and 2031. According to the market analysis by Future …