This market research study analyzes the lead acid battery market on African regions and provides estimates in terms of revenue (USD million) from 2015 to 2021. It identifies the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it highlights the significant opportunities for market growth in the next six years.
Due to the trend of rapid globalization and industrialization in countries across the globe, lead acid batteries are increasingly finding application in numerous areas and devices. Increasing requirement for UPS systems in corporate offices, industries, research and educational institutes, and homes is driving the demand for lead acid batteries. In addition rising demand for electric and hybrid vehicles, which use lead acid batteries is also set to bolster the growth of the lead acid battery market in Africa, during the forecast period.