QYR Market Research Global Lead-acid Battery market research | Page 3

QYResearch
• Lead acid batteries are one of the predominantly used batteries in
automobiles such as passenger cars, commercial cars and motorcycles. The
rapid urbanization and industrialization trend in various developing countries
across the globe is one among the chief drivers of lead acid battery market.
Increasing requirement of uninterrupted power supply in industries,
corporate offices, hospitals, research institutions, educational institutes and
houses further add to demand of these batteries. Implementation of smart
grid projects, deployment of vehicle charging infrastructure, increasing
usage of hybrid and electric vehicles, increasing installation of renewable
energy systems and increasing span of telecom towers are some of the
underlying demand drivers for lead acid battery across the globe.
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