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. 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.
http://www.grandviewresearch.com/industry-analysis/lead-acid-battery-market
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