Press release
The Lead Acid Battery Market to be driven by employment of AI (Artificial Intelligence)
To remain 'ahead' of your competitors, request for a Sample@ https://www.persistencemarketresearch.com/samples/12934
Collaboration with End-use Industry Players a Swift Mode for Greater Shares
Going forward, focus of the major player in the global lead-acid battery market is expected to be on collaboration with the players of end-use industries in order to maintain consistent demand. The automotive industry players are among the most preferred ones. In addition to that, research and development of efficient batteries is expected to formulate a way to greater shares for the companies. Moreover, key players in this market are also laying emphasis on expanding their existing facilities in the Asia Pacific region in order to benefit from the opportunities created by the developing economies of China and India.
Global Lead Acid Battery Market to Reach US$ 94.0 Bn Worth by 2027
If the projections of the PMR report are to be believed, the demand in the global lead acid battery market will increment at a CAGR of 4.4% during the forecast period of 2017 to 2027. In terms of revenue, the analyst has forecasted the opportunities in this market to swell up to US$94,821.6 mn by the end of 2027, with an evaluated worth of US$61,482.2 mn in 2017.
Based on product type, the report segments the lead acid battery market into gel battery, AGM battery, and flooded battery. Application-wise, the market has been bifurcated into motive industrial, transportation, grid storage, residential grid storage, commercial, and stationary industrial. Geographically, Asia Pacific has been underlined as the region with maximum potential.
For critical insights on this market, request for customization here @ https://www.persistencemarketresearch.com/request-customization/12934
Recycling of Old Batteries Opening New Opportunities
Diverse applications of lead acid battery is the primary driver of the sustained demand for it. In the transportation industry, lead acid batteries are used in passenger cars, light commercial vehicles, two wheelers including electric vehicles, and construction and agricultural equipment. Motive industrial usage of lead acid battery includes industrial forklifts and AGV. Stationary industrial usage of these batteries include UPS systems. Residential and commercial sector also uses them for inverters installed at household and as power backup in office and shopping malls. In addition to that, incrementing deployment of microgrids is another prominent driver of the global lead acid battery market. Microgrids are capable of operating solely and are apt at providing power backup to military bases, communities, and educational organizations. On the back of growing emphasis on renewables, microgrids fit perfectly as they can function with power generated from biomass, wind, geothermal, solar, and fossil fuel.
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/12934
Contact Us:
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com
About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release The Lead Acid Battery Market to be driven by employment of AI (Artificial Intelligence) here
News-ID: 2591294 • Views: …
More Releases from Persistence Market Research
Smart Container Market Expected to Surpass US$ 21.5 Bn in 2032 - Persistence Mar …
In an era where digital transformation is reshaping every industry, logistics and supply chain management are undergoing one of the most significant shifts with the rise of smart container technology. Traditional shipping containers, once considered merely passive cargo carriers, are now being enhanced with advanced technologies such as IoT (Internet of Things), GPS tracking, temperature and humidity monitoring, and blockchain integration. These innovations are not just optimizing operational efficiency but…
Automatic Labeling Machine Market to Reach US$4.0 Bn by 2032 - Persistence Marke …
The automatic labeling machine market is witnessing steady growth as industries across food & beverage, pharmaceuticals, cosmetics, consumer goods, and logistics increasingly adopt automation to improve efficiency, reduce labor costs, and ensure labeling accuracy. In recent years, pressures such as regulatory compliance (e.g. traceability and serialization in pharma), branding demands, higher SKU complexity, and growth in e-commerce have pushed manufacturers to upgrade from manual or semi-automatic labeling to fully automatic…
Solar Cells & Modules Market to Reach US$ 360.8 Billion by 2033, Driven by Globa …
The solar cells & modules market is witnessing unprecedented growth as nations accelerate their transition toward clean and renewable energy. According to the latest study by Persistence Market Research, the global solar cells & modules market size is projected to expand from US$ 163.7 billion in 2023 to US$ 360.8 billion by 2033. This reflects a robust CAGR of 8.2% during the forecast period, underscoring solar technology's role as the…
Power Bank Market Size to Reach US$20.6 Bn by 2032, Growing at 7.4% CAGR - Persi …
The global power bank market has become one of the most dynamic segments within the consumer electronics ecosystem, driven by the increasing penetration of smartphones, digital devices, and mobile lifestyles. According to the latest study by Persistence Market Research, the power bank market size is projected to be valued at US$12.4 Bn in 2025 and is expected to reach US$20.6 Bn by 2032, growing at a healthy CAGR of 7.4%…
More Releases for Lead
Lead Fluorides as Currency: Exploring the Global Lead Fluoride Market
Los Angeles, United States - In this comprehensive research study, we delve into the intricate details of the global Lead Fluoride market, providing a thorough analysis of its critical aspects. The report illuminates the anticipated growth of the global Lead Fluoride market during the forecast period, supported by SWOT analysis and Porter's Five Forces analysis. This illumination includes an in-depth exploration of the market's strengths, weaknesses, and the various players…
Digital Services for Lead Generation | Local Lead Generation Websites | Lead Gen …
Lead Generation consists of attracting and renovating target audiences that have shown interest in your product or services. The objective is to guide prospects through the purchaser’s journey to the end of the sales funnel. Content is one of the leading tools B2B marketers utilize to create leads. This may comprise of social media posts, blog posts, coupons and live events. You utilize the forms to capture leads that employ…
Digital Services for Lead Generation, Local Lead Generation Websites
Businesses these days are reliant on lead generation to advertise their service before the consumers to get more business and endure in bullish market. The Lead generation service is an unceasing effort to attract and change the target audience’s mind towards the business offering. It is an act of completely compelling the consumer to purchase the business services. It will boost brand image and outcome in good sales for the…
Digital Services for Lead Generation, Lead Generation Platforms: Ken Research
The Lead generation is the practice of gaining fresh leads for your business. It is cultivating the interest of a person in your product or service so much that they distribute you with their contact specifics. It is the start of the technique which leads to a prospective customer turning into a purchaser. And then perchance buying from your business. Your business should then be nurturing such leads that you…
Global Lead Acid Batteries Market | Global Lead Acid Batteries Industry | Lead A …
Lead acid battery refers to the oldest type of rechargeable battery with its use spanning across various industries. It has the advantage of supplying the high surge current, as the cells have great power to weight ratio. High power to weight ratio & low cost makes these batteries attractive for its use in the automotive sector. These batteries comprises of plates, cell, container, separators, and battery terminals. It is extensively…
Local Lead Generation Websites | Best Companies for Online Lead Generation | Lea …
The Lead Generation is a foremost marketing procedure that comprise finding people who would be interested in purchasing your product and/or services. It comprises collecting contact details of the interested impending buyers/consumers in exchange for something that is of worth to them - for e.g educational, collateral, research content or a free trial of a product. This is a foremost activity to build a sales pipeline. The Lead Generation is…
