TechNavio today launched its report Global Lead-acid Battery Market 2011“2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers™ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio™s Clean Tech 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. This is because lead-acid batteries can be used in vehicles such as EVs, which is one of the major sectors in the Smart Grid industry. Moreover, the usage of solar chargers for lead-acid batteries in EVs enables distributed power generation.
According to the report, another major technology that is in demand is the EV. Investments of up to US$15 billion have been made in smart grid electric vehicles trigger innovations in electric vehicle technology. This is a major trend affecting the Global Lead-acid Battery market.
The report also discusses that the lead-acid batteries are exposed to risk of explosion, which is a drawback for the growth of this market.
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 players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-lead-acid-battery-market-2011-2015
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TechNavio Announces the Publication of its Report “ Global Lead-acid Battery Market 2011“2015
