Increased Demand for Decentralized Power Generation Will Ignite the Global Lead Acid Battery Market for ESS Through 2019: Technavio
September 9, 2015 | By Business Wire News
LONDON
Technavio has published a new report on the global lead acid battery market for ESS,which is expected to grow at a CAGR of about 5% from 2015-2019.
About the Report
According to the latest report by Technavio, the demand for lead-acid batteries in grid energy storage has increased significantly in response to rising fluctuations in the supply and demand for electricity.
“Lead-acid batteries have some inherent advantages including low impedance, resistant to overcharging, ability to deliver high initial current, low maintenance, and reduced self-discharge, thereby making them an ideal choice for grid energy storage,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also emphasizes the growing demand for decentralized power generation, driving many countries to shift away from centralized power systems to distributed or decentralized generation systems.
“The significant growth of energy generation from decentralized plants will propel the demand for ESS, and thus drive the demand for lead-acid batteries in the forecast period,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global lead acid battery market for ESS from 2015-2019. To calculate the market size, we have considered the overall lead-acid battery-based ESS installations worldwide.
Key Information Covered in the Report:
- Key Vendors:
- Axion Power International
- C&D Technologies
- EaglePicher Technologies
- Ecoult
- EnerSys
- Exide Technologies
- Princeton Power Systems
- Surrette Battery Company
- Market Growth Drivers:
- Growing popularity of distributed energy generation
- For a full detailed list, view our report.
- Market Challenges:
- Increase in lead pollution
- For a full detailed list, view our report.
- Market Trends:
- Need to reduce lead waste
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the lead acid battery market:
- Lead Acid Battery Market for ESS in the US 2015-2019
- Lead-acid Battery Market in Indonesia 2015-2019
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150909005650/en/
Technavio Research
Jesse Maida
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com
