lead acid battery market estimated to expand at a robust cagr by 2026

Lead Acid Battery Market

Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2021

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Lead Acid Battery Market: Snapshot

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Transparency Market Research observes that the vendor landscape for Africa lead acid battery is foreseen to be moderately competitive and is expected to be led by a handful of market players. 

Exide Technologies, DIXON Batteries, First National Battery Ltd., EnerSys, and Johnson Controls Inc. are some of the noted market players that are dominating Africa lead acid battery market.

Expansion of usage of lead acid battery to brand new application areas with promise of high growth and introduction of better, effective batteries at reasonable prices could be the key to success in the Africa lead acid battery market.

Low Cost Price to Generate Market Demand 

There has been an improvement in the African economy; as such, the purchasing power of people has been enhanced.

In addition to that, automobile segment has witnessed massive growth in the recent times as well.

The demand for passenger vehicles has increased substantially and it is set to rise further in the years to come. There has been an increase in the production of vehicles following rising demand for automobiles.

As such, manufacturing of lead acid battery has increased thereby stimulating growth of Africa lead acid batter market. The usage of lead acid batteries in airplanes, buses, cars, trains, and trucks is supporting its growth in Africa. 

Growth of Lead Acid Battery Market

The increasing requirement for inverters and UPS systems in industries and homes are also fuelling the demand for lead acid batteries.

The usage of inverters and UPS systems is complementary to that of the lead acid batteries. All inverters and UPS systems need batteries to run and lead acid batteries are considered to be the most effective amongst the energy storage sources.

Reliability and cost effectiveness will increase the requirement for these batteries in Africa in the years to come.

  However, materials that used in the process of manufacturing of lead acid batteries such as sulfuric acid and lead are dangerous substances, and need proper handling.

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Some of the most prominent companies operating in Market

Exide Technologies

DIXON Batteries

First National Battery Ltd.

EnerSys, and Johnson Controls Inc. 

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