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Africa Lead Acid Battery Market to Record a Sluggish CAGR of 5.3% through forecast period 2015 - 2021

Africa Lead Acid Battery Market to Record a Sluggish CAGR of 5.3%

The Africa lead acid battery market has been prognosticated in a report authored by Transparency Market Research (TMR) to hold a competitive landscape that could be ruled over by a few players, viz. Johnson Controls Inc., DIXON Batteries, EnerSys, Exide Technologies, and First National Battery Ltd. Innovation of efficient and low-cost batteries could be a leading strategy adopted by companies to gain an unwavering foothold in the market. Keeping such profitable schemes in view, companies have been foretold to take to concentrating on all-embracing research and development activities.

As per the findings of the TMR publication, the Africa lead acid battery market could reach a revenue estimate of US$1.0 bn by 2021. The market has been envisioned by the authors to expand at a CAGR of 5.3% during the forecast period 2015 – 2021. In the recent past, the market had witnessed the lead secured by engine starting batteries and could be largely benefited by the urbanization in emerging economies such as Egypt and South Africa that have started to tellingly influence the global economy. On the flipside, Africa has still remained as a largely underdeveloped region.

View Full Report TOC, Figures and Tables @ https://www.transparencymarketresearch.com/africa-lead-acid-battery-market.html

Swelling Penetration of UPS Systems, Inverters across Diverse Sectors Fuels Demand

Automotive electronics widely using lead acid batteries has been envisioned to drive the demand in the market while riding on the flourishing growth of the automotive industry. Applications such as inverters and uninterruptible power source (UPS) systems used in several industries have been envisaged to set the tone for a reliable growth in demand in the Africa lead acid battery market. Small and medium enterprises (SMEs), in particular, could exhibit a high demand for UPS systems in Africa. Industrial sectors facing power supply interruption at a frequent scale in the region have also been expected to raise the expectations of players operating in the market.

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Long-term agreements between manufacturers and raw material suppliers have been projected to give a strong impetus to the demand in the Africa lead acid battery market. Manufacturers could enjoy rewards in the form of better price returns for their long commitment. Such contracts have also been forecasted to assist with a pre-agreed pricing formula.

Environmental Concerns, Stricter Government Regulations Raise Eyebrows

The growth of the Africa lead acid battery market has been prophesied to be suppressed on account of tightening government regulations. Furthermore, environmental challenges such as the significantly toxic property of lead and unfriendliness of lead acid batteries to surroundings could pose a threat to the market. Lead is required to be disposed appropriately lest it thwarts the salvage of organic resources within the waste and causes contamination. Besides this, the advent of technologically sophisticated batteries with reduced toxicity levels and longer lifespan could discourage the demand in the market.

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However, the high efficiency, strength, and economical cost of lead acid batteries have been predicted to compensate for the loss in demand in the Africa lead acid battery market. Increasing disposable income on the population in Africa and rise of urban centers in some economies could lay a solid foundation of demand in the automotive sector, which has been foreseen to eventually raise the demand in the market. More opportunities could take shape in the market with the advancement of other end-use sectors such as power, residential, commercial, and industrial.

The information presented in this review is based on a TMR report, titled “Lead Acid Battery Market (Type – Engine Starting, Motive Power, Standby Power, and Valve Regulated Lead Acid Battery; Application – Industrial, Automobile, Commercial, Residential, and Power) – Africa Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2021.”

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About Us

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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