About lead-acid batteries
An ESS is used to store surplus electricity that can be utilized during power shortages, blackouts, and peak hours of demand. It is useful when the amount of electricity generated is greater than the demand.Various technologies such as pumped-hydro storage systems, flywheels, lead-acid batteries, advanced batteries (Li-ion), and other evolving technologies such as CAES are available for ESS.A lead-acid battery is a type of rechargeable battery that uses plates made of lead oxide or pure lead. These plates contain lead electrodes along with diluted sulfuric acid that acts as an electrolyte. A typical lead-acid battery contains pure lead that is referred to as a negative electrode and lead dioxide that is used as a positive electrode. The combination of these is known as cells. When two or more cells are connected together, it forms a battery. The battery generally discharges when no current flows between the cells.
Technavio's analysts forecast the global lead-acid battery market for ESS to grow at a CAGR of 5% during 2014-2019.
Covered in this report
The report covers the present scenario and the growth prospects of the global lead-acid battery market for ESS for 2015-2019. It also presents a detailed segmentation of the market based on geography and ownership model.
Technavio's report, Global Lead-Acid Battery Market for ESS 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Lead Acid Battery Market for ESS 2015-2019
Technavio recognizes the following companies as the key players in the Global Lead Acid Battery Market for ESS: Axion Power International, C&D Technologies, EaglePicher Technologies, Ecoult, Enersys, Exide, Princeton Power Systems, Redflow and Surrette Battery Company
Commenting on the report, an analyst from Technavio’s team said: “Centralized power plants are usually situated in remote locations to minimize the harmful effects of hazardous emissions they discharge. However, centralized power plants incur huge electricity losses that occur during power transmission. This has led to the emergence of decentralized power generation. Most of these plants generate power from renewable energy sources, such as wind and solar, which release less harmful emissions compared to fossil fuels. Hence, the plants can be located in residential areas, which results in reduced loss of energy during transmission. They help in generating and storage of power, and load management. The growing quantum of energy generation from decentralized plants will propel the demand for ESS, and thus drive the demand for lead-acid batteries.”
According to the report, California aggressively focuses on non-hydropower generation to increase power stability and reduce the dependence on fossil fuels. California Public Utilities Commission mandated that the state's three investor-owned utilities will have to procure more than 1,300 MW of energy storage capacity by 2020, which is likely to increase the lead-acid battery demand. It is difficult for California to meet its aggressive renewable energy goals and GHG reduction mandates without large ESS to help balance intermittent wind and solar resources while keeping the grid stable. ESS can help the state achieve its goal of generating 50% of its electricity from renewable sources by 2030.
Further, the report states that the release of pollutants while manufacturing lead-acid batteries a major challenges affecting market growth.
Axion Power International, C&D Technologies, EaglePicher Technologies, Ecoult, Enersys, Exide, Princeton Power Systems, Redflow, Surrette Battery Company
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