The newly released research at Market Study Report titled “2019-2025 Global Lead Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.
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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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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.
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.
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.
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.
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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.
Table of Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Lead Industry Insights
Chapter 4. Lead Market, By Type
Chapter 5 Lead Market, By Application
Chapter 6. Lead Market, By Region
Chapter 7. Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/lead-market
Related report:
Global Lead Market Insights, Forecast to 2025
Lead is a chemical element with symbol Pb and atomic number 82. It is a heavy metal that is denser than most common materials. Lead is soft and malleable and has a relatively low melting point. This study categorizes the global Lead breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
Related Report: https://www.marketwatch.com/press-release/at-5-cagr-thermal-management-market-size-raising-to-usd-69600-million-by-2024-2019-10-04
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