WILMINGTON, Del. , Sept. 2, 2022 /PRNewswire/ -- The global market share for lead-acid battery scrap market is expected to reach a value of US$ 28.8 Bn by 2031, according to a research report by Transparency Market Research (TMR). This denotes that the market is prognosticated to grow at a CAGR 10.47% during the forecast period, 2022-2031.

The report by TMR offers in-depth insights on the lead-acid battery scrap market including exhaustive study of major factors influencing the market expansion such as the growth drivers, growth restraints, challenges, and expansion avenues in the market. Moreover, the study sheds light on important market trends, recent developments, and market value of lead-acid battery scrap in different regions.

Lead-acid batteries are being increasingly utilized in large-capacity rechargeable batteries owing to their different advantages including their dependability and cost-effective nature. Approximately 75% of lead is being utilized in batteries used in industrial and automotive applications including uninterruptible power supplies, solar power storage, and vehicles. This factor is expected to result into a rise in the sales of lead-acid battery scrap market during the forecast period, note analysts at TMR.  

Due to rising global population and improving spending power of people, the demand for passenger vehicles is being increasing across the globe. This factor is projected to help in the global lead-acid battery scrap market growth in the upcoming years, states a TMR study.

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Lead-acid Battery Scrap Market: Key Findings

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Lead-acid Battery Scrap Market: Growth Boosters

Lead-acid Battery Scrap Market: Key Players

Some of the key players profiled in the report are:

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Lead-acid Battery Scrap Market Segmentation

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Transparency Market Research, a global market research company registered at Wilmington, Delaware , United States , provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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