Global Sealed Lead-Acid Batteries Market 2017-2021
About Sealed Lead Acid Batteries
Batteries are technologies that are used to store energy, which is utilized during power shortages, blackouts, or when the demand for power is high. Batteries are classified as lead-acid, lithium, or nickel-based. A battery plate grid optimizes the life and performance of a battery. The grid composition is a balance between the electrolyte's specific gravity, the active material used, and the concentration of lead.
Technavio’s analysts forecast the global sealed lead acid batteries market to grow at a CAGR of 8.45% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global sealed lead acid batteries market for 2017-2021. To calculate the market size, the report considers new installations.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sealed Lead-Acid Batteries Market 2017-2021
Technavio recognizes the following companies as the key players in the global sealed lead-acid batteries market: East Penn Manufacturing, EnerSys, Exide Technologies, GS Yuasa, and Johnson Controls.
Other Prominent Vendors in the market are: Alpha Technologies, Amara Raja, BAE Batterien, C&D Technologies, Crown Battery, DAEJIN BATTERY, DMS technologies, EverExceed, Exide Industries, HBL Power Systems, HOPPECKE Batterien, Microtex Energy, MIDAC Batteries, Navitas System, NorthStar, Panasonic Battery, Rolls Battery, Storage Battery Systems, Su-Kam Power Systems, and Trojan Battery Company.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is hybrid power systems implementation in telecom towers. The telecom industry is growing rapidly, predominantly in the developing nations. More telecom towers have been built in remote locations where the grid connectivity is bad. Therefore, remote towers need efficient energy supply, which can be provided by a combination of renewable energy sources with diesel generators for backup.”
According to the report, one driver in the market is growing use of golf carts among older population. In developed countries, golf carts are an ideal choice for aging population for mobility purposes. The average speed of a golf cart is 25 mph, which is considered to be safe. Other than using golf carts in golf courses, they are quite handy while doing chores, such as commuting short distances and buying groceries. In the US, many people are shifting from their gas-powered vehicles to golf carts, especially the older people.
Further, the report states that one challenge in the market is lead pollution and stringent laws. The standard configuration of lead-acid batteries involves lead plates placed in sulfuric acid within a plastic casting. The recycling of lead-acid batteries reduces the number of batteries disposed of as solid waste. However, as batteries contain a high amount of lead oxide toxins, they are harmful to the environment. Once lead-acid batteries stop yielding efficiency, they will eventually become unusable and be considered as hazardous waste.
East Penn Manufacturing, EnerSys, Exide Technologies, GS Yuasa, Johnson Controls, Alpha Technologies, Amara Raja, BAE Batterien, C&D Technologies, Crown Battery, DAEJIN BATTERY, DMS technologies, EverExceed, Exide Industries, HBL Power Systems, HOPPECKE Batterien, Microtex Energy, MIDAC Batteries, Navitas System, NorthStar, Panasonic Battery, Rolls Battery, Storage Battery Systems, Su-Kam Power Systems, and Trojan Battery Company.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook