Global Deep Cycle Batteries Market 2020-2024
Technavio has been monitoring the deep cycle batteries market and it is poised to grow by $ 1.90 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on deep cycle batteries market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing use of golf carts among the older population and increased investment in green telecom.
The deep cycle batteries market analysis includes type segment and geographical landscapes
Technavio's deep cycle batteries market is segmented as below:
- VRLA batteries
- FLA batteries
By Geographic Landscapes
- North America
- South America
This study identifies the high demand for electric forklift applications as one of the prime reasons driving the deep cycle batteries market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our deep cycle batteries market covers the following areas:
- Deep cycle batteries market sizing
- Deep cycle batteries market forecast
- Deep cycle batteries market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading deep cycle batteries market vendors that include C&D Technologies Inc., Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., EnerSys, EverExceed Industrial Co. Ltd., Exide Industries Ltd., Exide Technologies, GS Yuasa Corp., HBL Power Systems Ltd., and Johnson Controls International Plc. Also, the deep cycle batteries market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.