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Many industries, especially those that are involved in manufacturing, use UPS systems as a power backup. The uninterrupted supply of power prevents any stoppage of manufacturing operations due to sudden power breakdowns. The demand for UPS systems is also expected to increase further in other industries such as Oil and Gas, Food Processing, Chemical, and Healthcare, thus driving the growth of the Global Industrial Lead Acid Battery market.
According to the report, one of the major drivers in this market is the increased need for UPS systems, which is primarily driven by the high demand for backup power to facilitate an uninterrupted power supply to end-users. This is also triggered by the rapidly growing population and a surge in power demand by industrial customers. A rise in the shipments of UPS systems will propel the growth of the Global Industrial Lead Acid Battery market.
The Global Industrial Lead Acid Battery market can be divided into four end-user segments: Industrial Forklift Trucks, Telecom, UPS, and Others.
Global Industrial Lead Acid Battery Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the EMEA region, the APAC region and the Americas; it also covers the Global Industrial Lead Acid Battery market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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Further, the report states that one of the major challenges in this market is the threat of explosion. Gases such as hydrogen and oxygen can accumulate in these batteries and cause an explosion.
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