Recently, lead-acid batteries have attracted a lot of attention on the international stage, and the industry development faces challenges and opportunities in different aspects.
In Sri Lanka, the National Consumers Front (NCF) urged the government and relevant departments on September 13 to immediately stop importing electric motorcycles using lead-acid batteries. NCF leader Asela Sampath pointed out that many imported electric motorcycles face many problems for consumers due to the poor durability of lead-acid batteries. In addition, lead-acid battery electric motorcycles have serious environmental problems, and several environmental protection organizations have also issued warnings that lead-acid batteries will cause significant pollution to the environment. This call has triggered a rethinking of local energy choices for transportation, and also posed certain challenges to the application prospects of lead-acid batteries in the region.
However, in some other regions, lead-acid batteries still have a broad market space. According to relevant reports, the proportion of lead-acid batteries used in household storage battery packs in Pakistan is relatively high, and about 40% to 50% of photovoltaic systems in India are equipped with lead-acid batteries. Domestic energy storage system companies have also developed solutions equipped with lead-acid batteries and recycled batteries for these two markets, which undoubtedly provides new opportunities for the development of lead-acid batteries.
From the perspective of the expected global market size, the lead-acid battery industry still has certain development potential. A research report once pointed out that by 2028, the global lead-acid battery market is expected to expand to US$63.44 billion, with a compound annual growth rate of nearly 7.3%. Factors such as the rapid development of the automotive industry, increased renewable energy output, and high demand for energy storage equipment are all driving the growth of lead-acid battery market demand.
In terms of technological innovation, international research institutions and companies are also constantly exploring. For example, Loughborough University has developed the world’s first lead-acid battery electrolyzer, a low-cost system that can produce hydrogen from excess renewable energy, expanding new areas for the application of lead-acid batteries.
But at the same time, the lead-acid battery industry is also facing some regulatory and policy restrictions. For example, in the UK, a new local law has affected the sales of lead-acid batteries. The battery fluid in traditional lead-acid battery packs contains sulfuric acid, which can be used as a basic raw material source for explosives. The new regulations stipulate that users who have purchased dry batteries before July 1 this year will be subject to criminal prosecution if they do not have a valid EPP (Explosives, Precursors and Poisons, explosives, toxic substances and related raw materials) license. This has also prompted the lead-acid battery industry to continuously strengthen safety management and technological improvements.
In general, lead-acid batteries have both broad development opportunities and many challenges in the international market. In the future, the development of the industry needs to continue to explore and improve in many aspects such as technological innovation, environmental protection, and regulatory policies to achieve sustainable development.
Post time: Sep-20-2024