TechNavio recognizes the following companies as the key players in Global Lead Acid Battery Market: EAST PENN Manufacturing Co. Inc., EnerSys Inc., GS Yuasa Corp., and Johnson Control Inc.
Commenting on the report, an analyst from TechNavio’s team said: “The governments of various countries have forecast that their nationwide energy demands will double within the next decade. As a result, various countries across the globe have started investing large amounts of money in smart grid technology in order to meet the huge demand for power by 2020. This increased investment in smart grid technology is leading to the growth of the Global Lead Acid Battery market because lead acid batteries can be used in vehicles such as EVs, one of the major components in the Smart Grid industry. Moreover, the usage of solar chargers for lead acid batteries in EVs enables distributed power generation. As a result, a part of the US Federal stimulus investment in smart grid technology is likely to be diverted toward the Global Lead Acid Battery market. This new trend is expected to propel the growth of the market during the forecast period.”
According to the report, one of the major drivers in this market is the development of AGM lead acid batteries. A favorable characteristic of AGM lead acid batteries is that they are maintenance-free.
Further, the report states that one of the major challenges in this market is the possibility of explosion. The accumulation of gases such as hydrogen and oxygen within the batteries is a major factor leading to the batteries exploding.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-lead-acid-battery-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy
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TechNavio Announces the Publication of its Research Report – Global Lead Acid Battery Market 2014-2018
