Research and Markets: Global Lead Acid Battery Market 2014-2018: One of the Major Drivers in this Market is the Development of AGM Lead Acid Batteries
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/kl5x4j/global_lead_acid) has announced the addition of the "Global Lead Acid Battery Market 2014-2018" report to their offering.
The analysts forecast the Global Lead Acid Battery market to grow at a CAGR of 3.5 percent over the period 2013-2018. One of the key factors contributing to this market growth is the development of AGM lead-acid batteries. The Global Lead Acid Battery market has also been witnessing an increase in the power deficit. However, the possibility of explosion could pose a challenge to the growth of this market.
Key vendors dominating this space are EAST PENN Manufacturing Co. Inc., EnerSys Inc., GS Yuasa Corp., and Johnson Control Inc.
Other vendors mentioned in the report are ATLASBX Co. Ltd., B.B. Battery Co. Ltd., C&D Technologies Inc., Chloride Batteries S E Asia Pte Ltd., CSB Battery Company Ltd., Fengfan Co. Ltd., Fujian Quanzhou Dahua Battery Co. Ltd, Panasonic Corp., and Nipress.
Commenting on the report, an analyst from the team said: The governments of various countries have forecast that their nationwide energy demands will double within the next decade. As a result, various countries across the globe have started investing large amounts of money in smart grid technology in order to meet the huge demand for power by 2020. This increased investment in smart grid technology is leading to the growth of the Global Lead Acid Battery market because lead acid batteries can be used in vehicles such as EVs, one of the major components in the Smart Grid industry. Moreover, the usage of solar chargers for lead acid batteries in EVs enables distributed power generation. As a result, a part of the US Federal stimulus investment in smart grid technology is likely to be diverted toward the Global Lead Acid Battery market. This new trend is expected to propel the growth of the market during the forecast period.
According to the report, one of the major drivers in this market is the development of AGM lead acid batteries. A favorable characteristic of AGM lead acid batteries is that they are maintenance-free.
For more information visit http://www.researchandmarkets.com/research/kl5x4j/global_lead_acid
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