NEW YORK, March 30, 2021 /PRNewswire/ — The industrial lead-acid battery market is expected to grow by USD 3.61 billion during 2021-2025, as per Technavio. This marks a significant market slow down compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 5%.

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The industrial lead-acid battery market is driven by the rising focus on green telecom towers. In addition, the change in the global energy mix is anticipated to boost the growth of the industrial lead-acid battery market.

Growing population and rapid advances in technology have resulted in increased mobile and smartphone penetration across countries. The rise in telecom subscriptions has driven the number of telecom tower installations. Manufacturers are expanding their product portfolios of green telecom power systems. The increased deployment can lead to environmental pollution. Therefore, telecom operators have started investing in alternative green power systems to reduce operational costs and related pollution. Telecom operators have responded positively to regulations on carbon emissions. The growing demand for clean energy in the telecom sector is promoting investments in and funding for R&D in battery technology. Thus, the emphasis on the use of green energy sources for powering telecom towers will drive the global industrial lead-acid battery market in the telecommunication industry.