Nigeria Battery Market is expected to grow with the CAGR of 6.3% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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Nigeria battery market is a highly fragmented market which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in Nigeria battery market are introducing strong range of product portfolio. This has helped companies to maximize the sales with enhanced product portfolio. For instance, in September 2017, Trojan Battery Company announced the launch of its new solar flooded battery models. The new sets of the battery were an extension to solar deep-cycle battery offerings and are tested up to 17-year design life. The new product increased the product portfolio of the company.
Amara Raja Batteries Ltd. Is the dominating player in Nigeria battery market respectively. The other key player existing in the battery market includes Trojan Battery Company among others.
Amara Raja Batteries Ltd. is headquartered in Telangana, India and was founded in 1985. The company is engaged in manufacturing of lead-acid batteries for various applications such as industrial and automotive. The company offers various products under categories such as automotive and industrial batteries.
The company has wide global presence across Middle East & Africa and Asia-Pacific with its subsidiary Amara Raja Power Systems Limited (India).
Trojan Battery Company:
Trojan Battery Company is headquartered in California, U.S. and was founded in 1925. The company is engaged in manufacturing of deep-cycle solar and motive batteries. The company offers products under categories such as the trojan advantage, deep-cycle lithium, deep-cycle flooded, deep-cycle AGM, deep-cycle gel and hydrolink watering system among which deep-cycle lithium, deep-cycle flooded, deep-cycle AGM and deep-cycle gel are the market focused categories.
The company has presence across the globe in North America, Latin America, Asia-Pacific, Europe, Middle East and Africa.
Nigeria Battery Market – Industry Trends and Forecast to 2027