Market Research Analysis Hybrid Lead-Acid Battery Market - Industry Insight

Hybrid Lead-Acid Battery Market - Industry
Insights, Trends, Outlook, and Opportunity
Analysis, 2018-2022
“The performance of a vehicle in a hybrid electric
vehicle largely depends on Lithium-ion and Lead-acid
batteries. Lithium-ion batteries have a greater
energy density with low internal resistance and a
greater lifespan over lead-acid batteries. However,
the Lithium-ion batteries normally cost four to five
times greater than lead-acid batteries.”
The Global Hybrid Lead-Acid Battery Market to grow at a CAGR of 15.16% in the forthcoming period. The performance
of a vehicle in a hybrid electric vehicle largely depends on Lithium-ion and Lead-acid batteries. Lithium-ion batteries
have a greater energy density with low internal resistance and a greater lifespan over lead-acid batteries. However,
the Lithium-ion batteries normally cost four to five times greater than lead-acid batteries. Hybrid-acid lead batteries
are thus commercially viable for use and effective in performance in automobiles.
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Hybrid lead-acid battery market is highly driven by rapid changes in the automobile sector, thereby increasing demand
for cleaner fuels. Rise in CO2 emissions arising out of various industrial and transportation activities also calls for use