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By Volume, Africa Lead Acid Battery Market is expected to reach USD 12.42 Million Units in 2021



2024-11-08 03:28:30 News & Society

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According to a new market report published by Transparency Market Research Lead Acid Battery Market ? Africa Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021,? Africa lead acid battery market was valued at USD 708.6 million in 2014, growing at a CAGR of 5.3% from 2015 to 2021 to account for USD 1,014 million in 2021. By volume, Africa lead acid battery market is expected to grow at a CAGR of 5.0% during the forecast period from 2015 to 2021 to reach a market size of 12.42 million units by 2021.

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http://www.transparencymarketresearch.com/africa-lead-acid-battery-market.html

Lead acid batteries remain the first and foremost choice for automotive SLI (Starting, Lighting, and Ignition) applications because of their unique features, such as tolerance to abuse, robustness, and low cost. Lead acid batteries have the ability to provide high surge currents as the cells have a large power to weight ratio, despite the fact that they have low energy to weight ratio, and energy to volume ratio. Such features, along with their low price, make lead acid batteries immensely useful in automobiles for providing high current in starter motors of vehicles. The demand for lead acid batteries in Africa is expected to witness moderate growth in the coming years with the increasing growth of industrial and commercial sectors. In addition, low cost and longevity of lead acid batteries are some of its vital features driving the demand for lead acid batteries market in Africa.

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The Africa lead acid battery market is segmented into four types: engine starting, motive power, standby power and valve-regulated. Both by revenue and volume, engine starting lead acid batteries was the largest contributor in African lead acid battery market in 2014, accounting for a market share of 47.4% and 38.7% respectively.

The Africa lead acid battery market by application is segmented into: industrial, automobile, commercial, residential and power. Both by revenue and volume, automobile was the largest contributor in Africa lead acid battery market in 2014, accounting for a market share of 60.4%.

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Some of the leading players mentioned in the report are Enersys, GS Yuasa Corporation, Exide Technologies, Johnson Controls Inc., First National Battery Limited, Power Technologies Limited, Dixon Batteries, Willard Batteries, Sabat battery Co., and Renergy Technologies. The report provides company market share analysis of the various industry participants. Key players have also been profiled on the basis of company overview, financial overview, business strategies and recent developments in the field of lead acid battery market

Africa Lead Acid Battery Market: By type
Engine Starting
Motive Power
Standby Power
Valve Regulated Lead acid battery

Africa Lead Acid Battery Market: By application
Industrial
Automobile
Commercial
Residential
Power

Africa Lead Acid Battery Market: By country
Nigeria
Egypt
South Africa
Kenya
Ghana
Zimbabwe
Rest of Africa

The report provides a cross-sectional analysis of application segments with respect to the above mentioned regions.

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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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