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Download Free sampleThe global Stationary Lead-Acid (SLA) Battery market was valued at 7963.27 Million USD in 2021 and will grow with a CAGR of 3.98% from 2021 to 2027, based on newly published report.
The prime objective of Stationary Lead-Acid Battery Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Stationary Lead-Acid Battery Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Lead-acid batteries are rechargeable batteries that contain lead electrodes with diluted sulfuric acid, which acts as an electrolyte. Lead-acid batteries used for stationary applications are known as SLA batteries. Each cell in a typical lead-acid battery generates around 2 volts of power. Though SLA batteries have significantly low energy-to-weight and energy-to-volume ratios, they have the ability to supply high surge currents (the maximum input current drawn by an electrical device). This feature, combined with cost-effectiveness, is expected to drive market growth during the forecast period.Several governments have taken initiatives such as providing incentives to companies to control such wastes. Incentives provided to these companies are likely to result to widen the recycling process. Countries throughout the world are taking an active interest in reducing emission levels of GHG by promoting the generation and use of clean energy using solar and wind resources, and finding alternatives to fossil-fuel based generation.
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