A
research report on the Africa market for lead acid batteries has been
recently published by Transparency Market Research (TMR), stating
that the market for lead acid batteries in Africa stood at US$708.6
mn in 2014. Further, it estimates the market to register a healthy
CAGR of 5.3% over the period from 2015 to 2021 and reach a value of
US$1,014 mn by the end of the forecast period.The market report,
titled “Lead
Acid Battery Market - Africa Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 - 2021”, offers a comprehensive
analysis of the Africa lead acid battery market on the basis of
significant market verticals.
The
research report states that the rapid rise in the automotive industry
in Africa has propelled the demand for lead acid batteries in this
region. The increasing penetration of UPS systems and inverters
across various industries is also fueling the demand for lead acid
batteries, thereby boosting the market for lead acid batteries in
Africa.According to the research report, the Africa market for lead
acid batteries is spread across South Africa, Nigeria, Egypt, Ghana,
Kenya, Zimbabwe, and the Rest of the Africa. The industrial,
residential, commercial, automotive, and power sectors are the key
end users of lead acid battery across Africa.
In
2014, the demand for lead acid batteries in Africa was the highest
from the automotive industry. It accounted for a share of 60.4% in
the overall revenue generated. The low cost, strength, and high
efficiency of lead acid batteries are expected to maintain their
demand from this industry during the forecast period.The industrial,
residential, commercial, and power sectors are also expected to gain
impetus in the coming years, states the market report.The report
analyzes the Africa lead acid battery market on the basis of battery
type. Engine starting batteries, valve regulated batteries, standby
power batteries, and motive power batteries are the key type of
batteries available in this market, notes the research study.
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In
terms of volume, the engine starting batteries segment led the Africa
market for lead acid batteries in 2014 with a share of 38.7%. The
segment contributed a share of 47.4% in the overall revenue generated
in this market that year. Analysts at TMR expect the segment to
maintain its lead in the Africa lead acid battery market over the
forecast period in terms of volume and revenue both.The research
report also studies the competitive landscape of the Africa market
for lead acid battery by analyzing the company profiles of major
participants in this market. Enersys, First National Battery Ltd.,
Exide Technologies, Dixon Batteries, Power Technologies Ltd., Renergy
Technologies, GS Yuasa Corp., Willard Batteries, Johnson Controls
Inc., and Sabat Battery Co. are the key players operating in the lead
acid battery market in Africa, states the market study.
Africa
lead acid battery market is segmented into:
By
Type
Engine
Starting
Motive
Power
Standby
Power
Valve
Regulated Lead acid battery
By
Application
Industrial
Automobile
Commercial
Residential
Power
By
Country
Nigeria
Egypt
South
Africa
Kenya
Ghana
Zimbabwe
Rest
of Africa
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend 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.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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