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Global lead battery market expected to grow from 360 GWh in 2020 to 430 GWh in 2030
Automotive market forecast
12V lead battery market predicted to grow to 333,000 MWh by 2030
Value of 12V lead battery market expected to grow to $31.9BN by 2030, a Compound Annual Growth Rate (CAGR) of +6% between 2015 and 2030
Sales of micro-hybrid cars increasing rapidly worldwide. Over 80% of sales in Europe, 75% in the US and 60% globally expected to be micro-hybrids by 2030
Telecoms market forecast
Lead batteries remain the dominant technology for telecom back-up demand, with a growth of 5 GWh predicted between 2015 and 2030
UPS market forecast
Lead batteries dominate the UPS battery market, providing 92% of demand, with a 7.5 GWh increase predicted between 2015 and 2030
Motive power market forecast
Lead batteries represent 90% 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 20,000 MWh by 2025. Lead batteries will be essential to this demand and are already playing a crucial role for utility and renewable energy storage worldwide. Find out more on CBI’s Interactive Map.