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Forklift Battery Market in Renewable Electricity Industry | $ 2.28 Bn Growth Expected during 2021-2025 | 17,000+ Technavio Research ReportsNEW YORK, Sept. 9, 2021 /PRNewswire/ -- The "Forklift Battery Market by Type and Geography - Forecast and Analysis 2021-2025" report has been added to Technavio's offering.
The forklift battery market size is expected to increase by USD 2.28 billion at a CAGR of over 4% during 2021-2025. Market Dynamics The market is driven by factors such as the increasing demand for electric forklift applications, growth of global e-commerce market, and the growth of the construction industry. However, the replacement of electric forklifts with fuel cell forklifts will hinder growth. The legislative support for battery recycling will offer several growth opportunities for the market players. On the other hand, concerns over lead pollution and the presence of stringent laws will challenge growth. Company Profiles Some of the companies covered in this report are Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, Amara Raja Batteries Ltd., Camel Group Co. Ltd., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., Flux Power Holdings Inc., GS Yuasa Corp., Narada Power Source Co. Ltd., and Trojan Battery Co. LLC. Competitive Analysis The report includes the competitive analysis which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of the factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc. Market Segmentation
Related Reports on Utilities Include: Global Battery Market - Global battery market is egmented by application (consumer electronics, transportation, and stationary) and geography (APAC, North America, Europe, South America, and MEA). Global Lead-acid Battery Market - Global lead-acid battery market is segmented by application (automotive, stationary, and motive) and geography (APAC, Europe, North America, MEA, and South America). Key Topics Covered: Executive Summary Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact:
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