The IEA predicts that the electricity industry will experience the strongest increase in the renewables sector, increasing from 24 percent in 2017 to around 30 percent in 2023. Over 70% of the world's electricity is expected to be generated during this time period, according to estimates. Solar (both photovoltaics and ground mount modules) would lead this expansion, followed by wind, hydropower, and bioenergy. Thus, it is anticipated that as generation increases, lead acid battery use would likewise rise dramatically. The growth in adoption of lead acid batteries will further boost the growth rate of the lead acid market over the forecast period.
