NEW YORK, March 30, 2021 / PRNewswire / – The market for industrial lead-acid batteries is expected to grow $ 3.61 billion in 2021-2025, according to Technavio. This marks a significant market slowdown from growth estimates for 2020 due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period and the market is expected to grow. at a CAGR of almost 5%.
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Read 120-page report with table of contents on ‘Industrial Lead Acid Battery Market Analysis Report by Type (FLA Batteries & VRLA Batteries), By Application (Stationary Industrial Lead Acid Batteries & Industrial Lead Acid Batteries) and by geography (APAC, Europe, North America, MEA and South America) and Segment Forecast, 2021-2025 “. Obtain competitive insights from market leaders. Track key industry opportunities, trends and threats. Marketing, branding, strategy and market development information , sales and procurement functions.
More details: https://www.technavio.com/report/report/industrial-lead-acid-battery-market-industry-analysis
The industrial lead-acid battery market is driven by the growing interest in green telecommunications towers. In addition, the evolution of the global energy mix is expected to drive the growth of the industrial lead acid battery market.
Population growth and rapid advancements in technology have resulted in increased penetration of mobiles and smartphones in all countries. The increase in telecom subscriptions has resulted in the number of telecom tower installations. Manufacturers are expanding their product portfolio of green telecommunications power systems. The increased deployment can result in environmental pollution. Therefore, telecom operators have started investing in alternative green energy systems to reduce operating costs and associated pollution. Telecom operators have responded positively to regulations on carbon emissions. The growing demand for clean energy in the telecommunications sector favors investment and R&D funding in battery technology. Thus, the focus on using green energy sources to power telecommunications towers will boost the global market for industrial lead acid batteries in the telecommunications industry.
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Five major industrial lead-acid battery companies:
Amara Raja Batteries Ltd.
Amara Raja Batteries Ltd. operates through automotive batteries and industrial batteries. The company offers products from brands such as PowerStack, Amaron Volt, Amaron Sleek, Amaron Volt, Amaron Brute and Amaron Quanta.
Coslight Technology International Group Co. Ltd.
Coslight Technology International Group Co. Ltd. operates through VRLA storage batteries, mining industry and online games. The company offers industrial lead-acid batteries with brands such as OPzS series, OPzV series, GFMZ series, 6-GFM (C) series, 6-GFM series and 6-GFM (X) series.
Crown Battery Manufacturing Co.
Crown Battery Manufacturing Co. operates through the Unified segment. Crown industrial batteries
East Penn Manufacturing Co. Inc.
East Penn Manufacturing Co. Inc. operates through transportation, motive power, standby power, and wire, cable and battery accessories. The company offers industrial lead-acid batteries with brands such as Deka D-Series, Deka MaxPowr, Deka HydraSaver, Deka FastCharge, Deka Dominator, Deka MaintenanceSaver, Deka ChargeMate and Deka PowerMate.
Exide Industries Ltd.
Exide Industries Ltd. operates through storage batteries and related products and life insurance business. The company offers industrial lead-acid batteries with brands such as VRLA-NEPST & NMST RANGE, ADVANCE VRLA-NEPST & NMST RANGE and GEL TUBULAR-GTB RANGE.
Industrial Lead Acid Battery Market Type Outlook (Revenue, USD Billion, 2020-2025)
Industrial Lead Acid Battery Market Application Outlook (Revenue, USD Billion, 2020-2025)
Geographic Outlook of Industrial Lead Acid Battery Market (Revenue, USD Billion, 2020-2025)
APAC – size and forecast 2020-2025
Europe – size and forecast 2020-2025
North America – size and forecast 2020-2025
MEA – size and forecast 2020-2025
South America – size and forecast 2020-2025
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