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Global lead battery market expected to grow from 500 GWh in 2020 to 650 GWh in 2030
Automotive market forecast
12V lead battery market predicted to grow to 345,000 MWh by 2030
Value of 12V lead battery market expected to grow to $30.1BN by 2030, a Compound Annual Growth Rate (CAGR) of +3% between 2015 and 2030
Telecoms market forecast
Lead batteries remain the dominant technology for telecom back-up demand, and are expected to grow to over 20 GWh by 2030
UPS market forecast
Lead batteries dominate the UPS battery market, providing 90% of demand, and are predicted to grow to 18.1 GWh by 2030
Motive power market forecast
Lead batteries represent 89% of motive power battery demand, in applications such as forklift trucks. The market is predicted to grow to 34.3 GWh by 2030.
Energy storage market forecast
Global demand for battery energy storage is predicted to grow to 585 GW* by 2025. Lead batteries will be essential to this demand and are already playing a crucial role for utility and renewable energy storage worldwide. (*source International Energy Agency) Find out more on CBI’s Interactive Map.