Lead acid battery has been extensively used since ages across various industries on account of their reliability, durability, and relatively low cost of maintenance. The continuously growing demand for these batteries from the automotive sector is projected to be one of the chief reasons behind the growth of the lead acid battery market. According to a report published by Transparency Market Research (TMR), the lead acid batteries market in the continent of Africa will be worth US$1,014 mn by 2021. Given below are some of the key questions answered by experts from TMR, regarding the African lead acid battery market:
What are the main reasons behind the growing demand for lead acid batteries in Africa?
The growing use of lead acid batteries in trains, cars, airplanes, buses, trucks is boosting the growth of the market in Africa. The manufacturing of electric and hybrid vehicles has increased in the past few years in the commercial vehicle segment. This is anticipated to push the demand for lead acid batteries. The development of different models of electric and hybrid vehicles and the use of lead acid batteries as power source by these cars will further the growth of this market.
Another factor fueling the demand for lead acid batteries is the high demand for inverters and uninterruptable power systems (UPS). As lead acid batteries are most efficient in storage of energy, they are extensively used in UPS systems. Moreover, the cost of lead acid batteries is low and thus, their demand is consistent with the Africans. These batteries are also superior in terms of reliability and thus, the market will witness a continued growth in the years to come.
Which factors are poised to challenge the growth of the Africa lead acid battery market?
The manufacturing process of lead acid batteries makes use of materials such as sulfuric acid, and of course lead, both of which are hazardous, thus requiring careful handling. Another factor restricting the growth of this market is the environmental pollution caused by these batteries unless they are recycled. This has resulted in the implantation of several stringent regulations by the governments across Africa regarding the lead acid batteries. These regulations limit the emissions from lead acid batteries and this is restraining the growth of the market in Africa. All these strict regulations have started to encourage the use and adoption of eco-friendly batteries. Lead acid batteries are also facing tough competition from lithium-ion batteries.
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How are leading players in the market dealing with stringent policies regarding the environmental pollution caused by lead acid batteries?
One of the key lead acid battery manufacturer and distributor, First National Battery, has set up a Scrap Battery division so as to address environmental concerns. With a view to promote the recycling of batteries, this division has been set up by the company. The Scrap Battery division finds and collects lead acid battery scrap material from across different industries in South Africa as it strives to meet the objective of safe recycling and preventing the environment from further damage due to pollution and toxic substances. The company collects discarded lead, plastic, and acid from different industries, which are harmful for the environment, but if recycled, can prove to be beneficial.