Transparency Market Research

Global Electric Accumulators Market to Witness Strong Growth Propelled by Development of the Automotive Sector

Electric Accumulators Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023


Albany, NY -- (SBWIRE) -- 02/10/2016 -- Transparency Market Research, in a report titled "Electric Accumulators Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023", states that the changing demographics of the global population and their rise in disposable income has greatly expanded the scope of consumption of electric accumulators. Electric accumulators, or rechargeable batteries as they are commonly called, are extensively used in a wide range of industrial sectors. This research report explores in detail the size, development, and forecast of the global electric accumulators market from 2015 to 2023, the report's forecast period. It offers readers the most up-to-date information pertaining to the electric accumulators market, reviewing its performance over the past few years and offering a comparative analysis with respect to its future trajectory.

The major types of electric accumulators are nickel-iron electric accumulators, nickel-cadmium electric accumulators, vehicle lead-acid electric accumulators, and others. Lithium ion polymer and nickel-metal hydride are two of the newly developed type of batteries. These electric accumulators find application in audiovisual equipment, activated carbon, coating machines, and others.

The research study identifies the most important factors driving and limiting the expansion of the global electric accumulators market and also sheds light on the key trends that are likely to have an impact on its growth. According to the report, the electric accumulators market is significantly fueled by major technological advancements that have enabled the production of electric accumulators that are easy to use and store. Rapid industrialization in several developing nations has also contributed to the growing demand for products such as electric accumulators. There is a lot of untapped potential in sectors such as paper, plastics, and heavy industries, which presents strong opportunities for growth in the coming years. Automobile companies are major end users of electric accumulators and the ongoing boom in the automotive sector is also likely to have a positive impact on the overall electric accumulators market.

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There are, however, a number of challenges that impede the development of the global electric accumulators market. These include lack of appropriate infrastructure, environmental by-laws, and chemical limitations in different countries and industries. For instance, the absence of proper infrastructure in progressive countries hinders the development of the electric accumulators market. Some parts of North America and Europe have extremely strict laws when it comes to the use of hazardous chemical substances, and this can create challenges for the development and disposal of electric accumulators.

The report identifies the top companies operating in the global electric accumulators market and profiles them based on key aspects such as business and financial overview, recent developments, and business strategies. Players such as Nakamura Koki Co. Ltd., Nippon Accumulator Co. Ltd., Tobul Accumulator Inc., and Parker Hannifin presently dominate the worldwide market for electric accumulators.

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TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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