Lead Acid Battery Market Size, Opportunities, Trends, Growth Factors, Revenue Analysis, For 2030
The Lead Acid Battery Market size is expected to reach USD 65.98 Billion in 2030 and register a revenue CAGR of 4.2% over the forecast period, according to the latest report by Reports and Data. Steady market revenue growth of lead acid battery is due to various factors, such as cost-competitive energy storage solution and increase in renewable energy generation target. However, safety issues related to battery usage are certain restraints that are expected to affect the market revenue growth. Steady demand for lead acid batteries is expected to continue due to relatively lower cost, wide availability, simple technology, and easy maintenance or topping up of electrolyte. Lead acid batteries are recyclable and refurbished in some developing economies. Lead is a commodity metal that can be most efficiently recycled. Lead batteries are the only energy storage system that is almost entirely recycled, and over 99% of lead batteries are collected and recycled in a number of developed a