World Deep Cycle Batteries Market to Grow at 4.23% CAGR during 2017 to 2021

ReportsnReports.com adds Global Deep Cycle Batteries Market 2017-2021 latest research report and includes a discussion of the key vendors operating in this market.

Global Deep Cycle Batteries Market 2017-2021 research report initially provides a basic overview of the industry that covers the present scenario and the growth prospects of the global deep cycle batteries market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of deep cycle batteries.

Complete report on deep cycle batteries market spread across 94 pages, analyzing 5 major companies and providing 41 data exhibits are now available at http://www.reportsnreports.com/reports/857437-global-deep-cycle-batteries-market-2017-2021.html .

The analysts forecast the global deep cycle batteries market to grow at a CAGR of 4.23% during the period 2017-2021. Deep cycle batteries can be classified into FLA and VRLA batteries. One of the advantages of deep cycle VRLA batteries is that they can be substituted in any FLA battery application, where FLA batteries may or may not deliver the best of results. Deep cycle VRLA batteries provide ideal solutions because of their unique benefits and features. These batteries are colloquially called sealed lead-acid batteries.

The deep cycle batteries market report, an analyst says the telecom industry is growing at a faster pace particularly in the developing nations. More telecom towers have been built in remote locations where the grid connectivity is bad. Hence, remote towers need efficient energy supply that can be provided by a combination of renewable energy sources and the diesel generators for backup. The focus is on hybrid power systems as they have less impact on the environment. This is because hybrid power systems produce less carbon emissions when compared with the legacy power systems that use a different combination of energy types.

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According to the report, in developed countries such as the US, golf carts have become ideal for the elderly population. On an average, a golf cart can achieve a top speed of 25 mph, which is a safe speed. Other than their use in golf centers, these carts are quite handy for chores such as buying groceries and for commuting very short distances. In the US, many elderly people residing in states such as California and Florida are shifting from their gas-powered vehicles to golf carts.

Further, the report states that forklift batteries are used in warehouse applications where the operations extend for three or more shifts in a day. These batteries need to be replaced or charged more than once in a day, which increases the complexity during logistics management. Conventional batteries such as lead-acid battery require a long recharging period, hold less energy with each charge, and have to be replaced every two or three years. To overcome such difficulties, fuel cell systems are used.

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The report, Global Deep Cycle Batteries Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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