Lead-Acid Battery Market Steadily Advancing Across the World
Valued at $56.9 billion in 2017 according to a P&S Intelligence study, the global lead-acid battery market is projected to reach $70.7 billion by 2023, registering a revenue CAGR of 3.7% during the forecast period (2018–2023). Growing use of uninterrupted power supply (UPS) systems in industrial setups, increasing demand for electric vehicles, and rapid industrialization in developing countries are some key factors aiding the growth of the domain.
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