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Lead Market report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied.Lead Market is predicted to grow over USD 27 billion by 2025. Growing demand for automotive batteries coupled with rising deployment of backup power systems across critical applications including hospitals, commercial facilities and industries will drive lead market growth. Ongoing measures to improve the grid efficiency by development of microgrid networks will complement the industry landscape. In addition, limited electricity access coupled with frequent power blackouts across remote areas with limited infrastructural facilities will encourage the product adoption.
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Report Coverage
Base Year:2018
Forecast Period:2019 to 2025
Pages: 285
Tables, Charts & Figures:467
Moderate growth in Europe automotive sector coupled with ongoing development of new data centers will complement the industry growth. The Telia Sonera, Deutsche Telekom, Ericsson coupled with the government officials are offering substantial investments for improving the network connectivity across the West Europe and Nordic region. Increasing focus toward lead recycling and secondary production facilities majorly across the Western Europe will further enhance the industry outlook.
Growing investments toward the metal mining activities along with robust growth across the electric vehicle industry accelerate the industry growth. However, strict government policies toward reduction of lead consumption and use across various applications on account of increasing cases of lead poisoning may hinder the business growth. The Consumer Products Containing Lead Regulations retrains its use in the consumer articles in Canada to minimize direct contact with lead. It is further been restricted across electrical equipment, solders, cable sheathing and pigments & compounds that may further obstruct the business growth.
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Growth drivers
• Demand for Electric Vehicles & AGM Batteries
• Energy storage application across datacenters & telecom industry
• Ecosystem optimization across the automobile industry
Lead industry from batteries was worth over 19 billion in 2018. Increasing consumption majorly across the automotive sector coupled with extensive deployment across the telecom and data centers will propel the business growth. It is mostly deployed as a starter battery in vehicles while traction batteries are installed in electric vehicles (EVs) and for providing emergency backup for computer & telecom facilities. Furthermore, the demand for EVs is growing supported by stringent emission regulations and favorable government norms, encouraging its adoption.
The Middle East and Africa lead market is anticipated to reach over 5% by 2025. Increasing investments toward metal and mining coupled with ongoing industry focus toward attracting private investments will stimulate the business growth. In addition, limited electricity access across Africa have instigated the requirement of backup power systems that will complement the industry landscape. In 2019, the world bank reported that over 573 million individuals across the sub-Saharan Africa were facing severe electricity shortages.
Key players operating in the lead market include Nyrstar, Hindustan Zinc, Aqua Metals, Glencore, Korea Zinc, Teck Resources, BHP Billiton, Henan Yuguang Gold Lead, Gravita India, Gorevsky GOK, Doe Run, Hemendra Metal Industries, Non-Ferrous Metals and H.M.S Metal.
Frequently Asked Questions (FAQ) :
1. What are the forecasts for lead market?
2. Which region is expected to hold a high market share in global lead market?
3. Which factors drive industry growth of lead at a global level?
4. In 2018, what was the value of asia pacific lead market?
Read More: https://www.globenewswire.com/news-release/2019/09/23/1918941/0/en/World-Lead-Market-value-to-hit-27-billion-by-2025-Global-Market-Insights-Inc.html
Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/pressrelease/lead-market
Release ID: 88927674