Forklift Battery Market 2016 Global Analysis and Forecast to 2020
RnRMarketResearch.com adds Global Forklift Battery Market 2016-2020 latest research report. The analysts forecast global forklift battery market to grow at a CAGR of 8.1% during the period 2016-2020.
Lead-acid batteries power 75%-85% of the electric forklifts manufactured globally. These batteries are cost-effective and offer benefits such as high resilience in difficult environmental conditions involving dirt, chemicals, and vibrations.
The maintenance costs of lead-acid batteries can be monitored and improved with inexpensive technology to reduce the total cost of ownership. Advanced charging technologies can bring up the efficiency to 90%, with power factors approaching 99%. This keeps utility costs low. Technical innovations such as fast and opportunity charging during operator downtime add to the cost efficiency of lead-acid batteries.
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Covered in this report
This report covers the present scenario and the growth prospects of the global forklift battery market for 2016-2020.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
The report, Global Forklift Battery Market 2016-2020, 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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Key vendors
- East Penn Manufacturing Co., Inc.
- Exide Industries Ltd.
- Midac Batteries S.P.A.
- Navitas System, LLC Corporate.
- Storage Battery Systems, LLC
Other prominent vendors
- Chloride Batteries
- Crown Battery
- Hoppecke
- Johnson Controls
- Trojan Battery
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Market driver
- Expansion of warehouse space in e-commerce industry
Market challenge
- Replacements of electric forklifts by fuel cell forklifts
Market trend
- Use of fast chargers
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