Lead Acid Battery Market Reached USD 60 Billion in 2019 and is Predicted to Grow at a CAGR of 5.2% i

Gmi Research20 Jun, 2022Business

Emerging need for highly reliable and effective energy solutions, expansion in the automotive industry, and reducing prices of lead are the major factors fueling the lead acid battery market size. For example, according to IBEF, the Indian automobile industry is the fourth largest in the world and is expected to reach USD 251.4 - 282.8 billion by the end of 2028.