Total Installed Capacity of Advanced Lead-Acid Batteries to Surpass 5 Gigawatts by 2020, Forecasts Navigant Research


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BOULDER, CO--April 18, 2013: In the coming years, advances in lead-acid battery (LAB) technology will enhance the core technical features of these batteries in order to meet the growing demand for dynamic energy storage, particularly for renewable distributed energy generation. These innovations will enable lead-acid battery vendors to retain significant market share despite persistent competition from other technologies, such as lithium ion batteries. According to a recent report from Navigant Research, the worldwide installed capacity of advanced lead-acid batteries will grow from 77 megawatts in 2013 to 5,044 megawatts in 2020.

“Advanced lead-acid batteries represent a technology that bridges the gap between legacy forms of battery storage and the future market”

"Advanced lead-acid batteries represent a technology that bridges the gap between legacy forms of battery storage and the future market," says Kerry-Ann Adamson, research director with Navigant Research. "Although the industry is enthralled with the technical features of lithium ion batteries, cost decreases that will enable mass market adoption are not likely to arrive until the latter part of this decade. As a result, advanced lead-acid batteries are well-positioned to capture market share in motive, transportation, and stationary applications."

Enhanced flooded batteries and absorbed glass mat batteries represent the bulk of existing advanced lead-acid market share, according to the report, while fast-charging lead-acid batteries represent the future of the market. Fast-charging LABs include batteries with carbon additives and split electrode batteries such as the UltraBattery--a hybrid lead-acid battery and ultracapacitor.

The report, "Advanced Lead-Acid Batteries", analyzes the technical advances in advanced lead-acid and fast-charging lead-acid batteries, which dramatically improve the capabilities of lead-based batteries. The report includes a detailed analysis of the microdrivers in each target application, along with technical comparisons of advanced lead-acid batteries with competing battery technologies. The market opportunities and challenges for stationary, transportation, and motive applications are detailed, as well. Leading market players for each application are profiled, and market revenues are forecast by application and world region through 2020. An Executive Summary of the report is available for free download on the Navigant Research website.

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, Smart Industry, and Smart Buildings sectors.

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