Under the attack of lithium batteries, the prospects of advanced lead-acid batteries are still optimistic

　　Although the trend of lead-acid batteries being replaced by lithium batteries is becoming more and more obvious, advanced lead-acid batteries still have a good market prospect.

　　An international market research organization Technavio released a report on high research that stated that the global advanced lead-acid battery market is expected to increase to US$3.08 billion from 2021 to 2025, with a compound annual growth rate of 8.7% during the period.

　　The report believes that population growth and economic development will promote electricity consumption and reduce greenhouse gas emissions. This dual pressure forces the government to focus on sustainable and renewable energy sources, such as wind, solar and bio-power.

　　This directly promotes the development of microgrids and distributed energy storage, which directly promotes the demand for lithium batteries and advanced lead-acid batteries that are the core of energy storage systems.

　　On the other hand, due to the need to supply power in places where the grid cannot be provided, the demand for micro and small integrated smart energy systems will increase, which will stimulate the demand for lithium batteries and advanced lead-acid batteries that are the core of energy storage systems.

　　60% of the market's growth will come from the Asia-Pacific region. China, Japan and India are the main markets for advanced lead-acid batteries in the Asia-Pacific region.

　　Lithium-ion battery (LIB) has become the main energy storage solution in modern social life. Among them, lithium iron phosphate batteries are a perfect replacement for lead-acid batteries, and they are the first choice for grid-connected peak shaving, off-grid energy storage, photovoltaic energy storage, UPS, data center and other industries.

　　Compared with lead-acid batteries, lithium batteries have the advantages of long life, small footprint, low load-bearing requirements, simple maintenance, environmental protection, reliability and stability.