Report Description

This market research study analyzes the lead acid battery market on African regions and provides estimates in terms of revenue (USD million) from 2015 to 2021. It identifies the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it highlights the significant opportunities for market growth in the next six years.

Due to the trend of rapid globalization and industrialization in countries across the globe, lead acid batteries are increasingly finding application in numerous areas and devices. Increasing requirement for UPS systems in corporate offices, industries, research and educational institutes, and homes is driving the demand for lead acid batteries. In addition rising demand for electric and hybrid vehicles, which use lead acid batteries is also set to bolster the growth of the lead acid battery market in Africa, during the forecast period. Moreover, installation of telecom towers and renewable energy systems, setting up of smart grid projects, and implementation of vehicle charging systems are all set to drive the market for lead acid batteries in the region. Lead acid batteries have been used in a wide range of products for over 150 years; since 1860, they have been considered reliable and safe energy storage devices. The batteries have voltage specifications of 12V and 24V, with 2V batteries assembled in a circuit. It comprises of a cathode (lead), an anode (lead dioxide), water in a specific quantity, and an electrolyte (sulfuric acid). Lead acid batteries play a significant role in the automotive and lighting sectors.

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Scope

With the rise in demand for vehicles, the requirement for lead acid batteries is set to grow uniformly. All these factors are expected to boost the demand for lead acid batteries in the automotive sector.In addition, the reliability factors of lead acid batteries are immense as they are shock and overcharge resistant and leak proof. Such notable features provide great opportunities to lead acid battery manufacturers to do business in numerous regions in Africa.

Key Players

Major market participants profiled in this report include Enersys, Exide Technology, Johnson Controls Inc., Dixon batteries among others.

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