Lead-acid batteries to Dominate Global Rechargeable Batteries Market: Ken Research
Posted on 05 March 2017 by KenResearch Energy and Utilities,
Ken Research has announced recent report titled, “Global Rechargeable Battery Industry In-Depth Investigation and Analysis Report 2017” which provides major statistics on the state of industry and serves as a valuable source of guidance and direction for companies and individuals interested in the market.
The report investigates the rechargeable batteries in the global market, especially in North America, Europe, China, Japan, Southeast Asia and India, with production, revenue, consumption, import and export in these regions, from 2011 to 2016, and forecasts to 2020.
For evaluating the market size, the report considers the overall demand for lead-acid batteries, Li-ion batteries, NiMH batteries, and NiCd batteries in end-user segments such as consumer electronics, automotive/e-mobility, industrial, power tools, and energy storage. It has been prepared based on an in-depth market analysis with inputs from industry experts and covers the market landscape and its growth prospects over the coming years along with a discussion of the key vendors operating in this market
Lead-acid batteries are the dominant battery technology in the rechargeable battery segment. Lead-acid batteries are used in automotive, stationary, and deep-cycle batteries and provide quick thrust of power (cold cranking amperes, CCA) in a short time, mostly suitable for SLI applications.
This market is majorly led by vendors that have the capability to offer cost-effective batteries with limited features and functionalities. The compounded annual growth rate of rechargeable battery industry had been registered as 2.9% for the review period. While, the industries of countries namely the United States, Europe, Japan, and China accounted for 41% of the global consumer market share.
Upcoming trends such as the growing influence of consumer electronics segment are rapidly earning popularity since it aids to increase the demand for Li-ion batteries in the electronics segment. The average output growth rate of this industry in China was seen as 3.2% and it is further believed that it will speedily augment with an average growth rate of 3.4% in the next 5 years.
The batteries market is positively influenced by factors like the growing demand for lead-acid battery replacement from automotive industries across the globe. The market is overall projected to grow with rising demand for batteries as the market of this industry veers to be saturated in economic developed regions and the consumer markets in the region of emerging economies such as China, India, Brazil, etc are on the ascend.
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