World Lead market value to hit $27 billion by 2025: Global Market Insights

The Europe lead market will grow on account of moderate growth in automotive sector along with ongoing expansion of data centers. The Ericsson, Telia Sonera, Deutsche Telekom along with the government authorities are making significant investment toward improving the internet connectivity across the Nordic region and Western Europe. Growing focus toward improving lead recycling along with increasing secondary production primarily across Western Europe will augment the industry landscape, according to Global Market Insights report. In the EU, the production, use and reuse of batteries are in alignment with the EU Circular Economy facilitated by a wellfunctioning and established closed loop recycling system. The automotive batteries operate in a closed loop system with 99 percent being collected and recycled at the end of their useful life. as per the report.

The Middle East & Africa lead market will grow over 5 percent by 2025 and rising investment toward metal & mining industries along with increasing focus to attract the private investment will drive the industry outlook, the report reveals. In addition, limited access to electricity across African countries have instigated the demand for backup power systems complementing the demand for lead acid batteries. For instance, in 2019, as per the world bank, over 573 million people in sub- Saharan Africa are still deprived of electricity.

Global Lead Market revenue is poised to cross USD 27 billion by 2025, as reported in the latest study by Global Market Insights, Inc. Rising consumption of batteries across automobiles coupled with increasing adoption of backup power systems across communication centers will foster the lead market growth. Ongoing expansion of microgrid networks along with growing measures toward improving the grid efficiency will further augment the business landscape. Furthermore, frequent power blackouts across regions with limited electricity access coupled with peak load demand compensation will further encourage the product adoption.

Rapid development across the electric vehicle industry along with robust investment toward mining activities will stimulate the business growth. However, stringent government norms toward reduction of lead emissions and consumption across several applications owing to rising cases of lead poisoning may restrict the industry growth, the report indicates. Lead market from batteries was valued over 19 billion in 2018. Growing consumption primarily across the automotive market along with extensive use across the telecom industry and data centres will also augment the industry landscape.