China Stationary Lead Acid Battery Market Worth $4.55 Billion By 2024 | Grand View Research, Inc.


China stationary lead acid battery market is expected to reach USD 4.55 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for lead acid battery in uninterruptible power supply (UPS) systems as they provide high power density and enhanced life expectancy will propel market growth over the forecast period. The growth of the commercial sector including theaters, malls, and hotels & restaurants in China is expected to stimulate the product demand on account of increasing government spending and FDIs. Rising emphasis on energy security has resulted in increasing the establishment of power plant installations over the past few years, and this trend is expected to continue owing to the increasing population and improving infrastructure.

Telecommunication was the dominant segment accounting for 40.6% of the overall revenue share in 2015 and will show steady growth in light of rising need to manage wireless connection efficiently and reduce data transmission losses.

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