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.
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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.
