Africa Lead Acid Battery Market Estimated to Experience a Hike in Growth by 2021

Transparency Market Research observes that the vendor landscape for Africa lead acid battery is foreseen to be moderately competitive and is expected to be led by a handful of market players.

Exide Technologies, DIXON Batteries, First National Battery Ltd., EnerSys, and Johnson Controls Inc. are some of the noted market players that are dominating Africa lead acid battery market.

Request For Sample:

Expansion of usage of lead acid battery to brand new application areas with promise of high growth and introduction of better, effective batteries at reasonable prices could be the key to success in the Africa lead acid battery market.

Africa lead acid battery market is expected to expand at a healthy 5.3% CAGR from 2015 to 2021. Global Africa lead acid battery market is estimated to be more than US$1.0 bn by 2021.

Enquiry Before Buying:

Low Cost Price to Generate Market Demand

There has been an improvement in the African economy; as such, the purchasing power of people has been enhanced. In addition to that, automobile segment has witnessed massive growth in the recent times as well. The demand for passenger vehicles has increased substantially and it is set to rise further in the years to come. There has been an increase in the production of vehicles following rising demand for automobiles. As such, manufacturing of lead acid battery has increased thereby stimulating growth of Africa lead acid batter market. The usage of lead acid batteries in airplanes, buses, cars, trains, and trucks is supporting its growth in Africa.

Buy Now :

Leading manufacturers of commercial automobile are stressing on the production of electric and hybrid vehicles across various model ranges. These automobiles are set to make use of acid batteries as source of power. As such, it can be said that with the rise for demand for vehicles, the demand for lead acid batteries in the automotive sector also increases.

The increasing requirement for inverters and UPS systems in industries and homes are also fuelling the demand for lead acid batteries. The usage of inverters and UPS systems is complementary to that of the lead acid batteries. All inverters and UPS systems need batteries to run and lead acid batteries are considered to be the most effective amongst the energy storage sources. Reliability and cost effectiveness will increase the requirement for these batteries in Africa in the years to come. However, materials that used in the process of manufacturing of lead acid batteries such as sulfuric acid and lead are dangerous substances, and need proper handling.

Request for Covid19 Impact Analysis:

The absence of collection and recycling systems can lead to environmental pollution. As such, the governments of numerous countries including African nations have issued stringent regulations and norms pertaining to lead acid batteries. Such regulations have been set up for restricting lead emission in lead acid battery thereby hampering the growth of lead acid batteries in Africa, and stimulating demand for other batteries that are environment friendly.

More Trending Report by TMR

Chitosan Market –“According to a recent business intelligence study on the chitosan market by Transparency Market Research (TMR), easy availability of raw materials and expanding application scope are expected to drive the chitosan market in the near future. Removal of pollutants in industries and municipal wastewater management facilities is expected to open up vast new opportunities for the chitosan market in the near future. As per the projections of the TMR report, the global chitosan market is anticipated to be valued at US$ 23.2 Bn by the end of 2031, with the demand growing at an impressive CAGR of 17.8% during the forecast period of 2021 to 2031.”

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!