According to Huirui Consulting data, the global fixed lead-acid battery market is expected to increase from US$8.54602 billion in 2023 to US$12.88574 billion in 2030, with a compound annual growth rate of 6.21% from 2024 to 2030. There are many factors driving the growth of this market. The demand for backup power solutions in areas such as telecommunications and data centers continues to rise, and lead-acid batteries are favored for their high reliability and cost-effectiveness. The integration of renewable energy and the power grid has made lead-acid batteries an economical energy storage solution that can manage intermittent supply and stabilize the power grid, and the demand has also increased accordingly.
In terms of the application of lead-acid batteries, in the field of household storage, the proportion of lead-acid batteries used in battery packs in Pakistan is relatively high, and about 40%-50% of photovoltaic systems in India are equipped with lead-acid batteries. Domestic energy storage system companies have developed solutions for the relevant markets to equip lead-acid batteries and recycle batteries.
Post time: Nov-25-2024