Global Lead Acid Battery Databank Market Report

Global Lead Acid Battery Databank Market Report

The Lead Acid Battery market was valued at $93,072.1 Million in 2022, and is projected to reach $166,547.4 Million by 2031 growing at a CAGR of 6.72% from 2023 to 2031. Stationary segment is expected to be the highest contributor to this market, with $34,227.4 Million in 2022, and is anticipated to reach $61,532.1 Million by 2031, registering a CAGR of 6.78%. SLI segment is anticipated to reach $33,646.3 Million by 2031 with the highest CAGR of 6.85%. Stationary and Motive segments collectively expected to account for about 59.6% share of the Lead Acid Battery market in 2022, with the former constituting around 36.8% share. SLI and Motive segments are expected to witness significant growth rates at a CAGR of 6.85% and 6.81% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 42.8% in the overall Lead Acid Battery market in 2022, and is anticipated to reach 43.2% by 2031.