Current Market of Lead-Acid Battery
China leads the world in lead-acid battery production, export and consumption. China’s lead acid market is prumarily driven by the world’s largest electric vehicle manufacturer. China produced 27.81 million passenger cars in 2018. In electric vehicles, lead acid batteries are used to start the vehicle and ignite the engine. According to the international energy agency, China produces 40% of the world’s electric cars, making it the country with the largest electric vehicle market share. Over the next few years, the market is expected to grow at a break pace due to the rising demand for electric vehicles. The development of the electric vehicle market increases the needs of lead acid batteries.
China’s lead acid battery production accounts for 45% of the world’s total production capacity, followed by the USA, with lead acid battery production accounting for 32%, showing that China is a major lead acid battery producer. China has invested in factories by attracting the EU, USA, Japan, South Korea etc. China absorbed advanced international technologies, making China’s lead acid battery manufacturing technology close to the top international level. It is why China’s production of lead acid batteries accounts for a large proportion of the world.
Lead Acid Batteries VS Lithium Ion Batteries:
After 150 years of development of lead acid batteries, the industry is very mature, and there are many downstream radiation fields. Lead acid batteries have progressed in theoretical research, product types, varieties, and electrical properties. Therefore, lead acid batteries have played an indispensable and vital role in various economic fields such as transportation, communication, electricity, military and navigation.
Lead acid batteries still occupy the leading role in the electric vehicles industry. However, lithium batteries have played a specific role in replacing lead acid batteries featured with higher energy density, more cycle life unique advantages. Still, lead acid batteries have the advantages of low price, good safety and high recovery rate.
The development prospects of the lead acid battery industry
Lead acid batteries are simple in composition, mature in regeneration technology, and recovery value. They are the most accessible batteries to achieve revovery and recycling. The lead acid batteries have the largest market share and broadest range of use amount chemical batteries, especiallt in applications such as starting and large-scale energy storage, and are difficult to be replaced by other new batteries for a long time.