Lead Acid Batteries Market to Exhibit 5.3% CAGR 2015-2021, Driven by Rising Demand for Automobiles

Transparency Market Research (TMR) has announced the publication of a new report in its extensive catalog on the global consumer goods sector. The market for lead acid batteries in Africa is the prime focus of this report. The report presents detailed data about the historical as well as present statistics of the Africa lead acid batteries market, elaborating upon the major driver and restraints affecting the growth trajectory of the market and the major segments of the market at present. This helps build up a solid base of market figures to present forecasts regarding the market’s development in the coming years.

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The demand for lead acid batteries in Africa is driven primarily by the rising disposable income of the consumers, which has led to an increasing demand for automobiles. Africa is still largely undeveloped, but urban centers in developing economies such as South Africa and Egypt are starting to have significant impact on the global economy. This will drive the industrial sector in Africa in the coming years, driving the production of automobiles.

The importance of the automotive industry to the Africa lead acid batteries market is illustrated by the fact that engine starting batteries were the dominant segment of the market in 2014. By volume and revenue, engine starting batteries accounted for 38.7% and 47.4% of the Africa lead acid batteries market, respectively, in 2014 and are expected to remain the dominant market segment in the coming years.

The increasing industrial sector will also benefit the Africa lead acid batteries market by boosting the demand for UPS systems. Due to the lack of advanced infrastructure in many African countries, continuous electricity is not available in large parts of the continent. This has led to an increasing demand for UPS systems in industrial as well as residential units. The robust nature of lead acid batteries and their high energy efficiency when compared to other battery systems have led to them becoming the standard type of battery used in UPS systems. This has driven the demand for lead acid batteries in Africa. However, the ongoing infrastructural development in much of Africa will render this application virtually obsolete in the coming decades.

On the other hand, the increasing awareness about the environmental problems created by lead acid batteries is a major restraint on the Africa market for the same. Governments in Africa are beginning to opt for more expensive but more advanced and safer forms of batteries, which will hold the Africa lead acid batteries market back in the coming years.

Key players operating in the Africa lead acid batteries market include Exide Technologies, Power Technologies Limited, Johnson Controls Inc., Dixon Batteries, Enersys, First National Battery Limited, Sabat Battery Co., GS Yuasa Corporation, and Willard Batteries.

The Africa lead acid batteries market is segmented as follows:

Africa Lead Acid Battery Market: By type

Engine Starting
Motive Power
Standby Power
Valve Regulated Lead acid battery

Africa Lead Acid Battery Market: By application

Industrial
Automobile
Commercial
Residential
Power

Browse Full Report@ http://www.transparencymarketresearch.com/africa-lead-acid-battery-market.html

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This release was published on openPR.