Lead batteries will be the dominant rechargeable battery technology for the next 20 years. This was one of the key insights delivered by Christophe Pillot, market analyst from Avicenne Energy in a special lead battery market webinar hosted by the Consortium for Battery Innovation.
The technology is used in a diversity of applications, from well-known automotive uses supporting clean mobility in start-stop and micro-hybrid vehicles, a market predicted to represent over 60% of global vehicle sales by 2030, to the growing utility and renewable energy storage markets which are ushering in a global clean energy transition. From use in back-up power for critical services such as hospitals, telecommunications and data centers, to ensuring the warehouses of the world run smoothly with lead battery powered forklifts, market growth across the board for lead batteries is strong out to 2030.
This presents exciting opportunities for the lead battery industry involved in pre-competitive scientific research which is opening up new pathways for enhancing lead battery performance. Key priority goals include improving battery cycle life to ensure high-performing technical ability to provide power for energy storage, and dynamic charge acceptance for low-emission vehicles.
For further insights into lead battery markets including motive power, automotive, telecommunications backup and UPS, check out CBI’s market data page.