The lead acid battery market is expected to be worth $54.3 billion in 2022. According to Future Market Insights (FMI), lead acid battery sales will grow at a 5.2% CAGR between 2022 and 2032. According to the study, the global lead acid battery market will be worth $90.5 billion by 2032. According to FMI, the demand for AGM batteries is expected to rise rapidly, with a 6.2% CAGR by 2021.

The lead acid battery market will grow at a 5.2% CAGR between 2022 and 2032, exceeding the 1.2% CAGR registered between 2016 and 2021, owing to an increased focus on research and development and investment in the automotive industry for electric vehicles.

Growth can be attributed to an increase in global demand for energy-efficient solutions. With the introduction of electric and hybrid vehicles in recent years, the demand for lead-acid batteries has steadily increased.

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