By Volume, Africa Lead Acid Battery Market is expected to reach USD 12.42 Million Units in 2021:Transparency Market Research

According to a new market report published by Transparency Market Research Lead Acid Battery Market – Africa Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021,” Africa lead acid battery market was valued at USD 708.6 million in 2014, growing at a CAGR of 5.3% from 2015 to 2021 to account for USD 1,014 million in 2021. By volume, Africa lead acid battery market is expected to grow at a CAGR of 5.0% during the forecast period from 2015 to 2021 to reach a market size of 12.42 million units by 2021.

 

Lead acid batteries remain the first and foremost choice for automotive SLI (Starting, Lighting, and Ignition) applications because of their unique features, such as tolerance to abuse, robustness, and low cost. Lead acid batteries have the ability to provide high surge currents as the cells have a large power to weight ratio, despite the fact that they have low energy to weight ratio, and energy to volume ratio. Such features, along with their low price, make lead acid batteries immensely useful in automobiles for providing high current in starter motors of vehicles. The demand for lead acid batteries in Africa is expected to witness moderate growth in the coming years with the increasing growth of industrial and commercial sectors. In addition, low cost and longevity of lead acid batteries are some of its vital features driving the demand for lead acid batteries market in Africa. 

 

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The Africa lead acid battery market is segmented into four types: engine starting, motive power, standby power and valve-regulated. Both by revenue and volume, engine starting lead acid batteries was the largest contributor in African lead acid battery market in 2014, accounting for a market share of 47.4% and 38.7% respectively.