Press release
Surging Electric Vehicle Deployment Driving Lead-Acid Battery Sales
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As lead-acid batteries are used as the primarily power source in these vehicles, the surging deployment of these vehicles is propelling their demand across the globe. Besides this, the mushrooming popularity of non-conventional energy sources is also creating lucrative growth opportunities for the players operating in the lead-acid battery market. All European Union (EU) member nations have implemented countrywide renewable energy action plans, which are fueling the installation of offshore and onshore green energy plants in Italy, the U.K., Sweden, and Germany.
The major application areas of lead-acid batteries are oil & gas, automotive, utilities, construction, telecommunication, uninterruptible power supply (UPS), marine, and leisure. Out of these, the usage of lead-acid batteries is predicted to rise rapidly in oil and gas applications in the upcoming years, primarily because of the increasing installation of UPSs and energy storage systems during production and exploration activities. Geographically, the sales of these batteries are predicted to soar in the Asia-Pacific (APAC) region in the coming years.
Download report sample at: https://www.psmarketresearch.com/market-analysis/lead-acid-battery-market/report-sample
Hence, it can be said without any hesitation that the sales of lead-acid batteries will surge sharply in the coming years, mainly because of the increasing deployment of electric vehicles and the development of green energy plants all over the world.
Contact:
Prajneesh Kumar
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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