Global Motive Lead-Acid Battery Market 2018-2022 | 10% CAGR Projection Over the Next Four Years | Technavio
LONDON--(BUSINESS WIRE)--Jan 4, 2019--The global motive lead-acid battery market is expected to post a CAGR of nearly 10% during the period 2018-2022, according to the latest market research report by .
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190104005240/en/
Technavio has published a new market research report on the global motive lead-acid battery market from 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the growth in global e-commerce market. The diverse portfolio of several product segments such as apparels, books, electronic gadgets, and cosmetics is one of the crucial factors contributing to the growth of the e-commerce market. Various e-commerce companies offer incentives such as free shipping and single-day delivery to customers in order to endure the rising competition in the market and uphold customer adherence. They also offer hassle-free exchange and return policies to increase their brand proposition.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period.
In this report, Technavio highlights the legislative support for battery recycling as one of the key emerging trends in the global motive lead-acid battery market:
Global motive lead-acid battery market: Legislative support for battery recycling
The European Union has strict legislation for alkaline batteries. The EU Directive 2006/66/EC on batteries, issued on September 26, 2006, requires all states to reach a collection rate of 45% by September 2016, which corresponds to over 120,000 metric tons. It also specifies that half of the battery’s weight received for recycling must be converted to post-consumer form. All battery manufacturers are obliged to meet the regulated recycling levels.
“Countries such as the US and Canada, has established the Corporation for Battery Recycling to support battery recycling for future use. Throughout the US and Canada, Call2Recycle runs a program with CBR. These legislations are put in place to create environment-friendly and economically sustainable business models and ensure recycling efficiency. Thus, efficient recycling can also bring about sustainable agriculture ecologically,” says a senior analyst at Technavio for research on energy storage.
Global motive lead-acid battery market: Segmentation analysis
This market research report segments the global motive lead-acid battery market by battery type (VRLA battery and FLA battery) and geographical regions (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with a market share of nearly 46%. This region is expected to dominate the market through 2022, however there will be a decrease in its market share by nearly 5%.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20190104005240/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: ENERGY OTHER ENERGY
SOURCE: Technavio Research
Copyright Business Wire 2019.
PUB: 01/04/2019 10:40 AM/DISC: 01/04/2019 10:39 AM