Africa Lead Acid Battery Market to Grow at 5.3% CAGR till 2021 with Rising Demand of Lead Acid Batte

A new research report published by Transparency Market Research states that the Africa lead acid battery market will grow at a 5.3% CAGR during the period from 2015 to 2021. The report, titled ‘Lead Acid Battery Market - Africa Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021’, states that the Africa lead acid battery market was valued at US$708.6 mn in 2014 and is expected to be valued at US$1,014 mn by 2021. Increasing demand for lead acid batteries for UPS systems will drive the Africa lead acid battery market during the forecast period.

Browse the full Lead Acid Battery Market Report at : http://www.transparencymarketresearch.com/africa-lead-acid-battery-market.html

The Africa lead acid battery market is segmented on the basis of country, type, and application. By country, the Africa lead acid battery market is divided into Egypt, Ghana, South Africa, Nigeria, and the Rest of Africa. By type, the Africa lead acid battery market is divided into engine starting batteries, standby power batteries, valve regulated batteries, and motive power batteries. By volume, the Africa lead acid battery market is predicted to reach a global market size of 12.42 mn units till 2021.

Some of the prominent players in the Africa lead acid battery market are Enersys, Exide Technologies, First National Battery Limited, Dixon Batteries, Renergy Technologies, Power Technologies Limited, GS Yuasa Corporation, Johnson Controls Inc., Willard Batteries, and Sabat Battery Co. On the basis of volume, the market for engine starting lead acid batteries dominated the Africa lead acid battery market in 2014, with a 38.7% market share, while by revenue, the market for engine starting lead acid batteries accounted for 47.4% in 2014. The market for engine starting lead acid batteries will maintain its dominating position in the Africa lead acid battery market by both volume and revenue during the forecast period.

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Lead acid batteries has always been the first choice in automotive SLI (starting, lighting, and ignition) applications. This is due to their distinctive features such as robustness and resultant high tolerance to abuse, and low cost. Lead acid batteries have the ability to offer high surge currents. Due to such attractive features, lead acid batteries are considered to be very useful in vehicles. Considering all these factors, it is expected that the Africa lead acid battery market will develop rapidly during the forecast period. By application, the Africa lead acid battery market is divided into the automobile, industrial, residential, power, and commercial sectors. Automobiles were the leading sector in the Africa lead acid battery market, accounting for a 60.4% market share in 2014. Development of the commercial and industrial sectors across all countries in Africa will lead to growth of the Africa lead acid battery market during the forecast period.

Key segments of the Lead Acid Battery Market

Africa Lead Acid Battery Market: By type
Engine Starting
Motive Power
Standby Power
Valve Regulated Lead acid battery

Africa Lead Acid Battery Market: By application
Industrial
Automobile
Commercial
Residential
Power

Africa Lead Acid Battery Market: By country
Nigeria
Egypt
South Africa
Kenya
Ghana
Zimbabwe
Rest of Africa

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