LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global lead-acid battery aftermarket 2017-2021 report. This market research report also lists 22 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global lead-acid battery aftermarket is expected to grow at a CAGR of close to 15% during the forecast period. The market is characterized by the presence of many global, regional, and local vendors. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are the key factors that challenge market growth.
“The declining prices of Li-ion batteries and rapidly changing preferences of end-users toward other advanced battery technologies will likely present a significant challenge for lead-acid battery vendors,” says Thanikachalam Chandrasekaran, a lead analyst at Technavio for energy storage research.
Overall, the market is highly competitive as standards related to carbon emissions continue to become stricter year by year, owing to increasing GHG emissions. New and existing vendors are making efforts to improve their sales, distribution, and working capital effectively to sustain their operations as the market dynamics for lead-acid batteries are volatile.
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Technavio market research analysts identify the following key vendors:
East Penn Manufacturing
East Penn Manufacturing offers lead-acid batteries, wires, cable products, and battery accessories. The company produces more than 30,000 batteries daily. Its distribution networks include over 90 warehouses and distribution locations in the US and Canada. The business segments of the company are classified into transportation, motive power, reserve power, and wire and cable.
EnerSys
The company markets, manufactures, and distributes industrial batteries and related products, such as outdoor cabinet enclosures, chargers, battery accessories, and power equipment. It offers customer support and related after-market services for industrial batteries. EnerSys markets and sells its products to more than 10,000 customers in over 100 countries via a network of independent representatives, distributors, and its internal sales force.
Exide Technologies
Exide Technologies serves the complex stored energy needs of customers worldwide. It provides services and systems that enhance vehicle performance and fleet utilization. It aims at reducing the risk of temporary power supply interruptions. It offers total battery management program as an integrated approach to manufacturing, distributing, and recycling lead-acid batteries.
GS Yuasa
The company designs, manufactures, and markets a wide range of batteries, power supply systems, lighting equipment, and other electrical equipment worldwide. GS Yuasa offers chargers, power tools, sensors and gas generators, battery analyzers, and membrane systems. The company's R&D division focuses on improving the operational efficiency of the existing products and solutions.
Johnson Controls
Johnson Controls operates as a diversified technology and industrial company. Through its power solutions business segment, the company serves general vehicle battery aftermarket by providing energy storage technology coupled with systems engineering, marketing, and service expertise. The company also supplies advanced battery technologies to power start/stop vehicles, HEVs, and electric vehicles.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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