The global lead acid battery market is projected to reach USD 52.5 billion by 2024 from an estimated USD 41.6 billion in 2019, at a CAGR of 4.7% during the forecast period. This growth can be attributed to factors such as the rapid expansion of data center infrastructure, and increase in the 2022 renewable energy generation target leading to a growing requirement of integration of energy into the main grid.
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