The Key Players in Global Valve Regulated Lead-Acid Batteries Market 2016-2020

Tuesday 5 July 2016, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the global valve regulated lead-acid batteries market: C & D Technologies, Coslight Technology, East Penn Manufacturing, EnerSys, Exide Technologies, GS Yuasa, Leoch International Technology, and Saft.

Other Prominent Vendors in the market are: Chaowei Power Holdings, China Shoto, Shandong Sacred Sun Power Sources, Tianneng Power, Zhejiang Narada Power Source, Guangdong Dynavolt Power Technology, Zhe Jiang Jujiang Power Manufacturing, German and Austrian Clay Power, Jester Zhejiang Power, Yangzhou Apollo Battery, Hangzhou Haijiu Battery, Battery sales Camel, Shandong Rui Yu Battery, Hangzhou Foreign Trade, Jiangsu New Energy, and Theo Watson.

Commenting on the report, an analyst said: “A trend helping to boost market growth is the rise in the use of golf carts. Golf carts are being used for daily commuting, and the trend is growing. This is due to the fluctuating fuel prices and stringent emission regulations imposed by governments worldwide. These carts are low cost, energy efficient, and are used for daily needs such as shopping and recreational purposes.”

According to the report, a key growth driver is the high demand for forklift applications. Lead-acid batteries power almost 65%-70% of forklifts manufactured globally. Forklifts are ideal for indoor operations such as in food distribution centers. The market share of electric forklifts has been growing over the past five years. Before 2007, the share was 52%-56% and after 2008, the percentage has increased to 59%-65%.

Further, the report states that one challenge that could curtail market growth is the increased use of li-ion batteries.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.