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Market research analysts at Technavio predict that the global sealed lead-acid batteries market will grow steadily at a CAGR of over 8% by 2021. This market research analysis identifies the increased investments in green telecom as one of the primary growth factors for this market. Rapid advances in technology and the growing population and have resulted in the increased penetration of smartphone across the world. This in turn, increases the number of telecom subscriptions subsequently driving the number of telecom tower installations. The growing demand for providing green energy in the telecom sector is prompting more investments and funding for the research and development of batteries. Furthermore, countries in Africa mostly depend on off-grid telecom towers as they have poor transportation infrastructure and these countries are investing heavily to overcome the cost issues involved in using diesel generator sets in rural telecom installations by adopting renewable-based battery energy storage.
One of the latest trends that will gain traction in the sealed lead-acid batteries market in the coming years is the implementation of hybrid power systems in telecom towers. With the rapid growth of the telecom industry, more telecom towers have been built in remote locations where the grid connectivity is poor. These remote towers need efficient energy supply, which can be provided by a combination of renewable energy sources with diesel generators for backup. This increases the focus on hybrid power systems, which have a lower impact on the environment and produces lesser carbon emissions when compared to the legacy power systems that use a different combination of energy types such as the wind and solar.
The sealed lead-acid batteries market appears to be highly fragmented due to the presence of many global, regional, and local vendors. Vendors in this market are facing financial losses and the continuous demand for upgrades and innovation is creating hurdles to their sustenance in the market. The rapid advances in technology, intense competition, frequent changes in government policies, and environmental regulations, are the key factors that challenge the growth of the vendors in this marketspace.
The leading vendors in the market are -
The other prominent vendors in the market include Alpha Technologies, Amara Raja, BAE Batterien, C&D Technologies, Crown Battery, DAEJIN BATTERY, DMS technologies, EverExceed, Exide Industries, HBL Power Systems, HOPPECKE Batterien, Microtex Energy, MIDAC Batteries, Navitas System, NorthStar, Panasonic Battery, Rolls Battery, Storage Battery Systems, Su-Kam Power Systems, and Trojan Battery Company.
During 2016, the AGM segment accounted for the major shares of this market. The ability of AGM batteries to supply high currents on demand, provide a long or relatively long service life, and its low internal resistance, will contribute to the growth of this market segment.
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. This is mainly due to the rapid increase in rural subscribers and the increasing smartphone penetration throughout the region. Additionally, the growing need to overcome high energy costs due to the use of diesel generators in telecom towers that is driving telecom operators to opt for green and hybrid solutions, will also drive the growth of the sealed lead-acid batteries market.
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This upcoming industry research report on the sealed lead acid batteries market offers insights into the key trends and emerging drivers influencing the growth of the energy industry. Our market research reports for the energy industry also follow an extensive data collection methodology and offer an analysis of fast growing market segments like energy storage.
By considering the market forecast and size, surging demand for various batteries, the market research experts at Technavio offer a complete view of the sealed lead acid batteries market for the estimated period of 2017 to 2021. Furthermore, our research practices support clients devise effective growth strategies and compete with the continually changing market landscape. This market study also offers an extensive analysis of various energy storage devices based on the inference of the information gathered from specific resources such as channel partners and market stakeholders. This upcoming market research report on the sealed lead acid batteries market also covers vendors like East Penn Manufacturing, Exide Technologies, EnerSys, GS Yuasa, and Johnson Controls.
This upcoming industry report on the global sealed lead acid batteries market also considers the growth of the related markets such as the UPS battery market, which is expected to project an impressive CAGR of above 8% during the forecasted period. According to our research analysts, industrial applications such as forklifts, UPS systems, wind power plants, solar PVs, rail traction, telecom, and EVs/HEVs are expected to influence the demand for lead acid batteries during the next four years. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the sealed lead acid batteries market also covers geographies like the Americas, APAC, and EMEA.
The upcoming industry research report on the sealed lead acid batteries market also categorizes the key drivers, prominent trends, as well as the imminent restraints that the energy storage sector currently experiences. It also presents insights into the dynamically changing competitive scenario to give clients a complete view of the industry. Technavio also provides in-depth market assessments into the sectors such as power and smart grid.
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