Lead Acid Battery Market for ESS in the US 2015-2019
About lead-acid batteries
ESS comprise various technologies, such as pumped-hydro storage systems, flywheels, lead-acid batteries, and advanced batteries (Li-ion). Lead-acid batteries consist of plates of lead oxide or pure lead. These plates act as electrodes and diluted sulphuric acid acts as the electrolyte. Chemical reaction in these batteries produces a difference in voltage between terminals. A typical lead-acid battery contains pure lead, which acts as the negative electrode, and lead dioxide, which acts as the positive electrode. A combination of multiple electrodes is known as a cell. Two or more cells connected together form a battery. These batteries discharge when no current flows between the cells. This discharge follows a chemical reaction that converts both positive and negative electrodes to lead sulphate. The average working life of these batteries, under normal working conditions, is 3 to 4 years.
Technavio's analysts forecast the lead-acid battery market for ESS in the US to grow at a CAGR of 4% over the period 2014-2019.
Covered in this report
The report covers the present scenario and growth prospects of the lead-acid battery market for ESS in the US for the period 2015-2019. The market has been segmented based on geography and ownership model.Technavio's report, Lead-acid Battery Market for ESS in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the states of Pennsylvania, North Carolina, and California; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Lead-acid Battery Market for Energy Storage Systems (ESS) in the US 2015-2019
Technavio recognizes the following companies as the key players in the Lead-acid Battery Market for Energy Storage Systems (ESS) in the US: Axion Power International, C&D Technologies, EaglePicher Technologies, Enersys, Exide, Princeton Power Systems, Redflow and Surrette Battery Company
Commenting on the report, an analyst from Technavio’s team said: “The US installed a battery-based power storage capacity of 6 MW for Q1 2015, which has witnessed a growth from Q1 2014. The rise in investments in ESS are expected to give major boost to the lead-acid battery market in the US. Governments worldwide are investing in charging stations to increase the sustainability of battery-based ESS. The US government is investing in ESS to meet the peak demand in the country at a low cost. The success of battery-based ESS mainly depends on the battery performance and charging infrastructure. Lead-acid batteries need more efficiency and the use of carbon has helped overcome problems related to charging time. Governments worldwide are investing in charging stations to increase the sustainability of battery-based ESS. The US government is investing in ESS to meet the peak demand in the country at a low cost.”
According to the report, ESS are experiencing steady growth worldwide. Rising consumption of lead-acid batteries in ESS ensures continuous power supply, effective distribution-scale energy storage, and energy security. The growth of renewable energy projects and the developments in smart grid technologies are driving the ESS market. The global market for energy storage is forecast to grow in the coming years, with major contributions from the US. The country is currently undertaking many new projects and is seen as the market leader.
Further, the report states that parameters such as efficiency, higher voltage, replacement timeframe, and faster recharge time of Li-ion batteries are driving consumers to opt for Li-ion over lead-acid batteries.
Axion Power International, C&D Technologies, EaglePicher Technologies, Enersys, Exide, Princeton Power Systems, Redflow, Surrette Battery Company
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook