The Africa
lead acid battery market has been prognosticated in a report
authored by Transparency Market Research (TMR) to hold a competitive
landscape that could be ruled over by a few players, viz. Johnson
Controls Inc., DIXON Batteries, EnerSys, Exide Technologies, and
First National Battery Ltd. Innovation of efficient and low-cost
batteries could be a leading strategy adopted by companies to gain an
unwavering foothold in the market. Keeping such profitable schemes in
view, companies have been foretold to take to concentrating on
all-embracing research and development activities.
As per the findings of the TMR publication, the Africa lead acid
battery market could reach a revenue estimate of US$1.0 bn by 2021.
The market has been envisioned by the authors to expand at a CAGR of
5.3% during the forecast period 2015 - 2021. In the recent past, the
market had witnessed the lead secured by engine starting batteries
and could be largely benefited by the urbanization in emerging
economies such as Egypt and South Africa that have started to
tellingly influence the global economy. On the flipside, Africa has
still remained as a largely underdeveloped region.
Swelling Penetration of UPS Systems, Inverters across Diverse Sectors
Fuels Demand
Automotive electronics widely using lead acid batteries has been
envisioned to drive the demand in the market while riding on the
flourishing growth of the automotive industry. Applications such as
inverters and uninterruptible power source (UPS) systems used in
several industries have been envisaged to set the tone for a reliable
growth in demand in the Africa lead acid battery market. Small and
medium enterprises (SMEs), in particular, could exhibit a high demand
for UPS systems in Africa. Industrial sectors facing power supply
interruption at a frequent scale in the region have also been
expected to raise the expectations of players operating in the
market
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Report @
Long-term agreements between manufacturers and raw material suppliers
have been projected to give a strong impetus to the demand in the
Africa lead acid battery market. Manufacturers could enjoy rewards in
the form of better price returns for their long commitment. Such
contracts have also been forecasted to assist with a pre-agreed
pricing formula.
Environmental Concerns, Stricter Government Regulations Raise
Eyebrows
The growth of the Africa lead acid battery market has been prophesied
to be suppressed on account of tightening government regulations.
Furthermore, environmental challenges such as the significantly toxic
property of lead and unfriendliness of lead acid batteries to
surroundings could pose a threat to the market. Lead is required to
be disposed appropriately lest it thwarts the salvage of organic
resources within the waste and causes contamination. Besides this,
the advent of technologically sophisticated batteries with reduced
toxicity levels and longer lifespan could discourage the demand in
the market.
However, the high efficiency, strength, and economical cost of lead
acid batteries have been predicted to compensate for the loss in
demand in the Africa lead acid battery market. Increasing disposable
income on the population in Africa and rise of urban centers in some
economies could lay a solid foundation of demand in the automotive
sector, which has been foreseen to eventually raise the demand in the
market. More opportunities could take shape in the market with the
advancement of other end-use sectors such as power, residential,
commercial, and industrial.
The information presented in this review is based on a TMR report,
titled “Lead Acid Battery Market (Type - Engine Starting, Motive
Power, Standby Power, and Valve Regulated Lead Acid Battery;
Application - Industrial, Automobile, Commercial, Residential, and
Power) - Africa Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2015 – 2021.”
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