The new report recognizes the following companies as the key players in Global Industrial Lead Acid Battery Market: East Penn Manufacturing Co. Inc., EnerSys Inc., Fengfan Co. Ltd., GS Yuasa Corp., Leoch International Technology Ltd., ATLASBX Co. Ltd., B.B. Battery Co. Ltd. , C&D Technologies Inc., China Shoto plc, Chloride Batteries S E Asia Pte. Ltd., Coslight Technology International Group Co. Ltd., Crown Battery Manufacturing Co., CSB Battery Company Ltd., IAMM SpA, HOPPECKE Batterien GmbH & Co. KG, Narada Power Source Co. Ltd., Northstar Battery Company LLC, Panasonic Corp., Zibo Torch Energy Co. Ltd.
Commenting on the report, an analyst said: “Many industries, especially those that are involved in manufacturing, use UPS systems as a power backup. The uninterrupted supply of power prevents any stoppage of manufacturing operations due to sudden power breakdowns. The demand for UPS systems is also expected to increase further in other industries such as Oil and Gas, Food Processing, Chemical, and Healthcare, thus driving the growth of the Global Industrial Lead Acid Battery market.”
According to the report, one of the major drivers in this market is the increased need for UPS systems, which is primarily driven by the high demand for backup power to facilitate an uninterrupted power supply to end-users. This is also triggered by the rapidly growing population and a surge in power demand by industrial customers. A rise in the shipments of UPS systems will propel the growth of the Global Industrial Lead Acid Battery market.
Further, the report states that one of the major challenges in this market is the threat of explosion. Gases such as hydrogen and oxygen can accumulate in these batteries and cause an explosion.