Industrial Lead-Acid Battery Market will register a CAGR of % during 2020-2024. The market’s growth momentum will Accelerate.
Rising focus on green telecom towers | Change in global energy mix | High demand for electric forklift applications will be one of the major factors driving the growth of this market. Additionally, key Industrial Lead-Acid Battery Market trends such as the Growing number of microgrid installations | Rise in adoption of hybrid power systems in telecom towers | Development of advanced lead-acid battery will also influence market growth during the forecast period.
Industrial Lead-Acid Battery Market Size
During the forecast period, the Industrial Lead-Acid Battery Market size will grow by $ 3.61 bn.
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Industrial Lead-Acid Battery Market : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Industrial Lead-Acid Battery Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the Economics of fuel cell solutions for material handling equipment | Declining costs of lithium-ion batteries | Lead pollution and stringent laws will also challenge the growth of the companies.
Amara Raja Batteries Ltd. | Coslight Technology International Group Co. Ltd. | Crown Battery Manufacturing Co. | East Penn Manufacturing Co. Inc. | EnerSys | Exide Industries Ltd. | HBL Power Systems Ltd. | Leoch International Technology Ltd. | Panasonic Corp. | The Furukawa Battery Co. Ltd..list
are some of the companies covered in Technavio’s Industrial Lead-Acid Battery Market report for 2021-2025.
Industrial Lead-Acid Battery Market : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Industrial Lead-Acid Battery Market.
The APAC will account for the largest Industrial Lead-Acid Battery Market share and during 2021-2025, the region will contribute to 52% of the market’s growth.
In addition to regions and the key companies involved, Technavio’s Industrial Lead-Acid Battery Market report also analyzes the market by FLA batteries | VRLA batteries | Stationary industrial lead-acid batteries | Motive power industrial lead-acid batteries | APAC | Europe | North America | MEA | South America.
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