Global Hybrid Lead-Acid Battery Market 2018-2022
About Hybrid Lead-Acid Battery
Hybrid Lead-Acid Battery or UltraBattery is a hybrid device, which is a chemical combination of a lead-acid battery and an ultracapacitor. This combination achieves extended longevity and high efficiency with high-rate partial-state-of-charge (PSoC) operation.
Technavio’s analysts forecast the global hybrid lead-acid battery market to grow at a CAGR of 15.16% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global hybrid lead-acid battery market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of hybrid lead-acid battery.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hybrid Lead-Acid Battery Market 2018-2022
Technavio recognizes the following companies as the key players in the global hybrid lead-acid battery market: Ecoult, and The Furukawa Battery.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the implementation of hybrid power systems in telecom towers. Remote locations often experience electricity imbalances due to the poor grid connectivity in telecom towers. This drives the demand for hybrid power systems and efficient energy supply. The installation of hybrid power systems results in reduced carbon emissions in comparison to legacy power systems. They are cost-effective to cope with economic downturns and highly reliable.”
According to the report, one of the major drivers for this market is introduction of cleaner fuels. The rising economic activities is resulting in an increased level of CO2 emissions. This has become one of the major sources of environmental concerns. As a result, several countries are taking initiatives to control the CO2 emissions by decarbonizing powers systems and shifting to RE. The high dependence of the road transport sector on fossil fuels is driving the rate of emission of CO2. This in turn, will boost the need to introduce cleaner fuel and hybrid or advanced lead acid battery.
Ecoult, and The Furukawa Battery
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