An ESS is used to store surplus electricity that can be utilized during power shortages, blackouts, and peak hours of demand. It is useful when the amount of electricity generated is greater than the demand.
Various technologies such as pumped-hydro storage systems, flywheels, lead-acid batteries, advanced batteries (Li-ion), and other evolving technologies such as CAES are available for ESS.
A lead-acid battery is a type of rechargeable battery that uses plates made of lead oxide or pure lead. These plates contain lead electrodes along with diluted sulfuric acid that acts as an electrolyte. A typical lead-acid battery contains pure lead that is referred to as a negative electrode and lead dioxide that is used as a positive electrode. The combination of these is known as cells. When two or more cells are connected together, it forms a battery. The battery generally discharges when no current flows between the cells.
The analysts forecast global lead-acid battery market for ESS to grow at a CAGR of 5% during 2014-2019.
Covered in this Report
The report covers present scenario and the growth prospects of the global lead-acid battery market for ESS for 2015-2019. It also presents a detailed segmentation of the market based on geography and ownership model.
The report, Global Lead-Acid Battery Market for ESS 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
- Axion Power International
- C&D Technologies
- EaglePicher Technologies
- Princeton Power Systems
- Surrette Battery Company
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Key market driver
- Increased number of lead-acid ESS projects in the US
Key market challenge
- Increase in lead pollution
Key market trend
- Demand for decentralized power generation
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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