Lead Acid Battery Market 2021 Segmentation and Analysis by Recent Trends, consumption by Regional data, Development, Investigation, Growth

 The global sales of lead-acid batteries are set to be valued at over US$ 54.3 Bn in 2021, with a stable long-term projection, according to the latest insights by Future Market Insights (FMI). The report has forecasted the market to expand at over 5.2% CAGR between 2021 and 2031.

  • The flooded battery is projected to hold over 49% of the global market share in 2021 in terms of product type, supported by superior configurations.
  • Transportation is projected to hold over 56% of the overall market share as the leading segment in terms of application by 2031-end, supported by increasing investments in electric vehicle production.
  • China will remain a chief market, backed by rising demand from the automotive industry. It is expected to account for over 57.3% of demand registered in East Asia in 2021.
  • The market in India is set to surge at around 6% CAGR over the next ten years.
  • Germany is emerging as a key market in Europe, accounting for over US$ 2,509.4 Mn in 2021, driven by the expansion of the automotive industry.

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