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According to the latest report released by Technavio, an international market research institution, the global stationary lead-acid battery market is expected to grow by $4.
86 billion from 2020 to 2024, with a compound annual growth rate of nearly 9%.
The growth in telecom subscribers has driven the number of telecom tower installations
.
Most global telecom towers use lead-acid batteries because battery costs are more competitive, supporting lower operating costs and lower cost of
ownership.
Thus, the adoption rate of fixed lead-acid batteries in the telecom industry is high, and the market share growth of fixed lead-acid batteries in this segment will be very significant
during the forecast period.
In 2019, Asia Pacific was the world's largest fixed lead-acid battery regional market, and the demand for OEM batteries, low cost of labor and raw materials, and timely delivery advantage are expected to drive manufacturers in the U.
S.
and other developed countries to shift their bases to Asia-Pacific countries such as China, which will significantly drive the growth
of the stationary lead-acid battery market in the region.
Overall, 61% of the market growth during the forecast period will come from the Asia-Pacific region
.
China, India and Japan are the major markets
for stationary lead-acid batteries in the Asia-Pacific region.
The market growth in this region will be faster than that in other regions
.
In Africa, most rely on off-grid telecommunication towers because of their weak infrastructure
.
Similarly, in North America, primarily in the US, telecom tower and infrastructure operators are under pressure
to reduce their carbon footprint.
These countries are investing heavily to adopt renewable energy-based battery storage
in the telecommunications industry.
In addition, telecom power system manufacturers are expanding their product portfolios
with green telecom power systems.
In 2012, for example, Eaton acquired Cooper Industries to combine
smart grid expertise with its existing product portfolio.
The growing demand for green energy in the telecom industry has attracted investment and funding for battery R&D, which is driving the growth
of the global stationary lead-acid battery market.
In addition, lead-acid batteries use 60%-80% recycled lead because the energy used to process recycled lead is less than that of raw ore, which protects the environment from the toxic effects of lead and plastics and meets the price-sensitive requirements
of end users.
According to the latest report released by Technavio, an international market research institution, the global stationary lead-acid battery market is expected to grow by $4.
86 billion from 2020 to 2024, with a compound annual growth rate of nearly 9%.
The growth in telecom subscribers has driven the number of telecom tower installations
.
Most global telecom towers use lead-acid batteries because battery costs are more competitive, supporting lower operating costs and lower cost of
ownership.
Thus, the adoption rate of fixed lead-acid batteries in the telecom industry is high, and the market share growth of fixed lead-acid batteries in this segment will be very significant
during the forecast period.
In 2019, Asia Pacific was the world's largest fixed lead-acid battery regional market, and the demand for OEM batteries, low cost of labor and raw materials, and timely delivery advantage are expected to drive manufacturers in the U.
S.
and other developed countries to shift their bases to Asia-Pacific countries such as China, which will significantly drive the growth
of the stationary lead-acid battery market in the region.
Overall, 61% of the market growth during the forecast period will come from the Asia-Pacific region
.
China, India and Japan are the major markets
for stationary lead-acid batteries in the Asia-Pacific region.
The market growth in this region will be faster than that in other regions
.
In Africa, most rely on off-grid telecommunication towers because of their weak infrastructure
.
Similarly, in North America, primarily in the US, telecom tower and infrastructure operators are under pressure
to reduce their carbon footprint.
These countries are investing heavily to adopt renewable energy-based battery storage
in the telecommunications industry.
In addition, telecom power system manufacturers are expanding their product portfolios
with green telecom power systems.
In 2012, for example, Eaton acquired Cooper Industries to combine
smart grid expertise with its existing product portfolio.
The growing demand for green energy in the telecom industry has attracted investment and funding for battery R&D, which is driving the growth
of the global stationary lead-acid battery market.
In addition, lead-acid batteries use 60%-80% recycled lead because the energy used to process recycled lead is less than that of raw ore, which protects the environment from the toxic effects of lead and plastics and meets the price-sensitive requirements
of end users.
