Deep cycle battery are distinct from regular batteries due to their ability to withstand repeated discharging and recharging cycles without significant degradation. They find extensive use in various applications such as renewable energy storage, marine, automotive, and telecommunications, where reliable and durable power sources are essential. The market is witnessing steady growth due to increasing demand for backup power solutions, rising adoption of renewable energy systems, and expanding applications in electric vehicles. Major players in the market are focusing on technological advancements to enhance battery performance, improve efficiency, and reduce costs, thereby driving further market expansion. However, challenges such as high initial costs and concerns regarding environmental impact hinder market growth to some extent.
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