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According to a report released by the international market agency Technavio, the global industrial lead-acid battery market is expected to increase to $3.
61 billion during 2021-2025, with a compound annual growth rate of about 5%.
The report believes that increasing investment in green telecommunications will drive the growth prospects
of the global industrial lead-acid battery market.
However, factors such as declining cost of lithium-ion batteries will also challenge the growth trend
of this market.
At present, countries and regions are widely adopting renewable energy battery storage systems to overcome the cost problem
caused by diesel generator sets in telecommunication facilities in rural and remote areas.
As an effective communication network ensures improved public services such as health and education, improves the region's economy and creates jobs, the global telecommunications industry is booming, which in turn will drive the demand for
industrial lead-acid batteries.
During the forecast period, 52% of the market growth will come from Asia Pacific
.
China, Japan, and India are the major markets
for the industrial lead-acid battery market in the Asia-Pacific region.
The market growth in this region will be faster than the growth of the European market
.
In the predictable energy sector, the growing use of industrial lead-acid batteries in renewable energy and industrial sectors will also boost the growth of
the industrial lead-acid battery market in the Asia-Pacific region.
According to a report released by the international market agency Technavio, the global industrial lead-acid battery market is expected to increase to $3.
61 billion during 2021-2025, with a compound annual growth rate of about 5%.
The report believes that increasing investment in green telecommunications will drive the growth prospects
of the global industrial lead-acid battery market.
However, factors such as declining cost of lithium-ion batteries will also challenge the growth trend
of this market.
At present, countries and regions are widely adopting renewable energy battery storage systems to overcome the cost problem
caused by diesel generator sets in telecommunication facilities in rural and remote areas.
As an effective communication network ensures improved public services such as health and education, improves the region's economy and creates jobs, the global telecommunications industry is booming, which in turn will drive the demand for
industrial lead-acid batteries.
During the forecast period, 52% of the market growth will come from Asia Pacific
.
China, Japan, and India are the major markets
for the industrial lead-acid battery market in the Asia-Pacific region.
The market growth in this region will be faster than the growth of the European market
.
In the predictable energy sector, the growing use of industrial lead-acid batteries in renewable energy and industrial sectors will also boost the growth of
the industrial lead-acid battery market in the Asia-Pacific region.
