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.
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.
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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.
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
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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