SAN FRANCISCO, March 30, 2016 /PRNewswire/ --
The global lead acid battery market is expected to reach USD 76.44 billion by 2022, according to a new report by Grand View Research, Inc. Growth of the automotive industry in Indonesia, Mexico, India, Vietnam and Thailand is expected to propel industry. Growing preference for pollution free hybrid & electric vehicles along with technological development is expected to drive lead acid battery demand over the forecast period.
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VRLA battery is anticipated to witness growth at a CAGR of 6.4% from 2015 to 2022 on account of its increasing application in UPS systems, engines, security systems, backup power, emergency lighting systems, cell phone towers and radio communication systems. In addition, its low maintenance cost along with easy installation will fuel growth over the forecast period.
Browse full research report with TOC on "Lead Acid Battery Market Analysis By Technology (Basic, Advanced, Smart), By Product (Single Channel, Dual Channel), By Video Quality (SD, HD) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/lead-acid-battery-market
Further key findings from the report suggest:
Grand View Research has segmented the global lead acid battery market by product, construction method, application and region:
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About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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