TMCnet News
Global Lead Acid Battery Market - Insights, Opportunity Analysis, Market Shares & Forecast to 2023 - Research and MarketsThe "Global Lead Acid Battery Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to Research and Markets' offering. The global lead acid battery market is estimated to grow with approx. 4.8% CAGR during the forecast period 2016 - 2023. Increasing demand of lead acid batteries in the automotive industry is boosting the growth in lead acid battery market. Moreover, the rapid urbanization and industrialization trend in various developing countries is also fueling growth in lead acid battery market. The market is witnessing a high rate of adoption of a renewable based energy battery storage system in various countries to overcome cost issues from diesel generator sets in rural telecom installations. The advantages of lead acid batteries include more resistivity to corrosion, overcharging, gassing, water usage and self-discharge. However, high lead content in the product and ts low energy density restricts the growth of lead acid battery market. The growing construction industry in emerging countries including China, India, Japan, South Korea, Malaysia, Indonesia and Vietnam is expected to increase the utilization of lead acid battery. Moreover, favorable government rules and regulations aimed at generating investments from public private partnership and foreign direct investments is expected to fuel lead acid battery demand over the forecast period. Companies Mentioned
Key Topics Covered: 1. Introduction 2. Market Overview 3. Market Determinants 4. Market Segmentation 5. Competitive Landscape 6. Geographical Analysis 7. Company Profiles For more information about this report visit https://www.researchandmarkets.com/research/nk6rh5/global_lead_acid View source version on businesswire.com: http://www.businesswire.com/news/home/20170823005983/en/ |
