Electric accumulators, commonly known as rechargeable batteries,
are extensively used in various industrial sectors. They find applications in
fields such as activated carbon, audio-visual equipments, and coating machines
among many others. These accumulators include motor vehicle lead-acid,
nickel-cadmium (NiCad) and the newly developed nickel-metal hydride (NiMH), and
lithium ion polymer (LiPoly or LiPo) type batteries. The market for electric
accumulators is concentrated in the European region followed by Asia Pacific.
Regions such as North America and the rest of world exhibit an average growth.
This industry is expected to grow at twice the rate compared to the past trend.
To
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The changing global demography in terms of growing population
and increased disposable income has expanded the scope of consumption.
Technological advancements drive the industries to develop and employ products
like electric accumulators which are easy to store and use. Also, rapid
industrialization in developing countries has contributed to an increase in the
demand for such convenient products.
However, despite the feasibility and widespread use of electric
accumulators, the market is restricted by environmental by-laws, lack of
appropriate infrastructure, and chemical limits in various industries and countries.
Regions like Europe and some parts of North America have stringent
environmental laws against hazardous substances and specify chemical
concentration limits which often create a problem in developing and disposing
electric accumulators. Similarly, there is the constraint of proper
infrastructure in progressive nations, which restricts the growth of the
electric accumulator market.
Untapped opportunities exist in various sectors like heavy
industries and paper and
plastic to name a few. The booming automobile sector also holds
opportunities for the accumulators market. Various automobile industries have
started utilizing the recently developed product types of electric
accumulators. Parker Hannifin is acclaimed as the largest producer of electric accumulators.
Among other major players, some names are - Nippon Accumulator Co. Ltd.,
Nakamura Koki Co. Ltd., and Tobul Accumulator Inc.
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This research report analyzes this market depending on its
market segments, major geographies, and current market trends. Geographies
analyzed under this research report include
·
North
America
·
Asia
Pacific
·
Europe
·
Rest
of the World
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Factors
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Current
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Market
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Market
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chain analysis.
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