Increasing Demand from the Automotive Industry to Augment the Lead Acid Battery Market Growth
Lead acid batteries are considered to be the oldest type of rechargeable battery with widespread use in industries. Lead acid batteries include battery terminals, separators, cells, plates, and containers. Despite having a very low energy-to-volume ratio and low energy-to-weight ratio, its ability to supply high surge current means that the cells have a relatively large power-to-weight ratio. Low cost and high power-to-weight ratio make lead acid batteries attractive for their use in the automotive industry. In the automotive industry, a lead acid battery is referred to as a starting, lighting, & ignition (SLI) battery used to ignite a vehicle's engine and supply electric current to the vehicle. Moreover, it provides voltage to vehicle accessories such as wipers, radio, and charging plugs, music player, etc. Increasing demand for lead acid batteries from various industries, such as chemical, mining, oil and gas, manufacturing, telecom, and automotive is expected to boost the ...