Table of Contents
Cambodia lead acid battery market is yet to develop and fully commercialize in the country, high dependence on energy imports, slow electrification rate, proposed investments in power sector, developing transmission network, and initialization of solar energy projects is driving the need of energy storage and back up devices and thus leading to firm growth in the lead acid battery market. The quality and performance characteristics of lead acid batteries also make them preferable in utilization among all the sectors. Minor inhibitors of the market include environmental concerns and technological limitations of lead acid battery when compared with other energy storage devices but in case of Cambodia these restraints hold minor impact due to high availability of these batteries and their inexpensive feature.
According to 6Wresearch, Cambodia’s lead acid batteries market is projected to reach $239.4 million by 2019, at a CAGR of 10%. Power sector authorities in Cambodia have set an aggressive target of connecting 100% villages by electrical lines and supply electricity to 70% rural households by 2030. Provinces with low electrification rate and renewable power project initiatives for street and residential lighting especially solar lighting projects present wide opportunity for utilization of lead acid batteries in Cambodia. Transport sector in Cambodia is not yet developed and the country lacks in infrastructure for public transport facilities. Majority of individuals utilize two wheelers to support their transportation requirements, giving rise to utilization of low capacity lead acid batteries on large scale.
Most of the households in Cambodia utilize automotive batteries for lighting purposes leading to high replacement rates for automotive or mid capacity batteries in the region. Investments in automotive parts factories in Cambodia have opened the market for automotive batteries in the region. At present, there is no established domestic player in the market, thus presenting a wide opportunity for new entrants to capture the market. By the end of this decade 2,241 MW of the capacity addition is planned in hydro sector followed by 935 MW in thermal sector and 400 MW for natural gas fired power stations. Investments in power and transmission sector with increasing preference over solar lighting and renewable energy projects; the market is expected to gain momentum for energy storage and back-up devices thus benefitting the lead acid battery market. Growing market potential and developing characteristics of the market invite new players to exploit first mover advantage and establish themselves as leaders in the market.
Key Highlights of the Report:
• Market dynamics including drivers, restraints, opportunity for Cambodia Lead Acid Battery Market
• Historical market revenue trends for Cambodia Lead Acid Battery Market, 2011 – 2013 ($ Thousand)
• Historical market volume trends for Cambodia Lead Acid Battery Market, 2011 – 2013 (Units)
• Market Volume and Revenue Forecast and Estimations by verticals, until 2019
• Market Volume and Revenue Forecast and Estimations by capacity, until 2019
• Market Volume and Revenue Trends and Forecast by region, until 2019
• Existing market trends and challenges
• Overview of value chain
• Porter’s Five Forces Analysis
Get Industry Insights. Simply.
Talk to Veronica
+1 718 514 2762
“The global automotive lead acid batteries market is projected to grow at a CAGR of 4.8 % from 2016 to 2021” The global automotive lead acid batteries market is projected to reach USD 45.03 billion ...
The global lead acid battery market is expected to reach USD 84.46 billion by 2025, according to a new report by Grand View Research, Inc. Expansion of the automotive industry in China, India, Brazil, ...
Persistence Market Research recently published the global lead acid battery market report that provides extensive market dynamics analysis over a five-year forecast period 2015-2020. The primary objective ...