Global Industrial Lead-Acid Battery Market 2017-2021
About Industrial Lead-acid Battery
Lead-acid batteries are designed to maximize current paths and lower internal resistance. They can be serviced, are maintenance-free, and have maximum usable power. Flooded lead-acid (FLA) and valve regulated lead-acid (VRLA) batteries are the two major types of lead-acid batteries. VRLA batteries are designed to provide extended runtime without the need for high specific gravity electrolytes. For the past few decades, lead-acid batteries had been dominating the global battery market, but during 2016, Li-ion batteries gained prominence due to the decline in their price, higher efficiency, and environment-friendliness.
Technavio’s analysts forecast the global industrial lead-acid battery market to grow at a CAGR of 5.39% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial lead-acid battery market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of industrial lead-acid batteries.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Lead-acid Battery Market 2017-2021
Technavio recognizes the following companies as the key players in the global industrial lead-acid battery market: Coslight, East Penn Manufacturing, EnerSys, Exide Technologies, and GS Yuasa
Other Prominent Vendors in the market are: C&D Technologies, Crown Battery, DAEJIN BATTERY, EverExceed, Exide Industries, HBL Power Systems, HOPPECKE, Microtex Energy, MIDAC Batteries, Navitas System, Rolls Battery, Storage Battery Systems, Su-Kam Power Systems, and Trojan Battery
Commenting on the report, an analyst from Technavio’s team said: “The telecom industry is growing at a faster pace, particularly in the developing nations. More telecom towers have been built in remote locations where the grid connectivity is bad. Hence, remote towers need efficient energy supply that can be provided by a combination of renewable energy sources and the diesel generators for backup. The focus is on hybrid power systems as they have less impact on the environment. This is because hybrid power systems produce less carbon emission when compared with the legacy power systems that use a different combination of energy types.”
According to the report, growing population and rapid advances in technology have resulted in increased mobile and smartphone penetration across countries. The global telecommunication industry has registered a significant surge in its growth, owing to drop in telecom tariffs because of intense market competition. The rise in telecom subscriptions has driven the number of telecom tower installations. For instance, India’s telecom tower market is the second largest in the world. The country's National Telecom Policy focuses on increasing rural teledensity from 39% in 2012 to 70% by 2017, and 100% by 2020.
Further, the report states that forklift batteries are used in warehouse applications where the operations extend for three or more shifts in a day. These batteries need to be replaced or charged more than once in a day, which increases the complexity during logistics management. Conventional batteries, such as lead-acid batteries, require a long recharging period, hold less energy with each charge, and have to be replaced every two or three years. To overcome such difficulties, fuel cell systems are used.
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Coslight, East Penn Manufacturing, EnerSys, Exide Technologies, GS Yuasa, C&D Technologies, Crown Battery, DAEJIN BATTERY, EverExceed, Exide Industries, HBL Power Systems, HOPPECKE, Microtex Energy, MIDAC Batteries, Navitas System, Rolls Battery, Storage Battery Systems, Su-Kam Power Systems, and Trojan Battery
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