Lead Acid Battery Market - Growth, Trends and Forecast 2015 – 2021

Lead acid batteries have the best recyclable and matured battery technology and remain the most widely used batteries in a wide range of energy applications. At present, more than 99% of all consumer and commercial vehicles utilize lead acid batteries to provide basic start-lighting-ignition (SLI) functionality in vehicles. For instance, electric scooters, popular in China, are powered by lead acid batteries. Similarly, in Africa, the demand for automobiles has increased in the past decade. This has resulted in the rise of lead acid battery manufacturing in Africa, thereby fueling the Africa lead acid batteries market.

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Outlook on Lead Acid Battery Market in Africa

Owing to the rising improvement in the economy of African countries, particularly North African countries and South Africa, there has been a rapid rise in the purchasing power of individuals in this region. In the past few years, Africa’s demand for passenger vehicles has increased significantly and is set to grow further in the next few years. As lead acid batteries provide robustness, high tolerance, and low cost, they remain the primary choice for automotive SLI applications. For this reason, they are widely used in the automotive industry.

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In recent years, Africa has witnessed the high use of lead acid batteries in various modes of transport such as trains, trucks, cars, buses, and airplanes. This factor is further expected to support the market’s growth in terms of customer consumption and increased usage of lead acid batteries in various applications in Africa. Moreover, the growth of the industrial and commercial sectors is also expected to increase the demand for lead acid batteries in Africa in the coming years.

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All these factors are likely to push the market to US$1,014 million by 2021 from a value of US$708.6 million in 2014, according to data released by Transparency Market Research in its study on the Africa lead acid battery market. According to its recent report, the market is growing at a CAGR of 5.0% between the forecast period from 2015 to 2021. In terms of market size, the market for lead acid in Africa is expected to reach 12.42 million units by 2021.

Increasing Demand for Lead Acid Batteries in Commercial Sectors Boosts Market

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Lead acid batteries are increasingly finding application in numerous countries in Africa due to rapid industrialization in this region. The need for lead acid batteries is growing in a variety of backup and power storage applications. These batteries also deliver high levels of performance and durability at reduced costs, which is crucial for budget-conscious African consumers.

In addition, the demand for lead acid batteries is also rising due to the requirement for UPS systems in industries, research, corporate offices, educational institutes, and residential spaces in Africa. The use of inverters and UPS systems is complementary to that of lead acid batteries. All UPS systems and inverters require batteries to function and lead acid batteries are the most efficient energy storage sources for such devices. Owing to their low cost and reliability, these devices are expected to increase in demand in Africa in the coming years

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