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The US lead acid battery market for ESS size is forecast to increase by 26.29 MW and is estimated to grow at a CAGR of 5.22% between 2022 and 2027. The report includes historic market data from 2017 to 2021. The rise in renewable energy generation targets, the need for uninterrupted power supply in data centers, and the growing adoption of microgrids are driving significant trends in the energy sector.
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The US Lead Acid Battery Market for Energy Storage Systems (ESS) is witnessing a significant trend with an increase in renewable energy generation targets. The United States has set ambitious goals to raise renewable energy generation capacity, driving the demand for ESS. Lead-acid batteries, known for their efficiency and cost-effectiveness, are a popular choice for ESS. As renewable energy generation capacity aims to reach 25% by 2025, the deployment of lead-acid batteries in ESS is expected to grow substantially. The market potential in the US is vast, and with technological advancements, innovative battery designs are enhancing efficiency. This growth not only ensures a reliable energy source but also stimulates job creation and boosts the economy during the forecast period.
The market share growth by the utility-owned segment will be significant during the forecast period. Lead-acid batteries are widely used for ESS in the United States due to their relatively affordable price, high efficiency, and well-established technology. These batteries are owned by utility companies and serve as a means of storing energy during periods of low demand and can be used to supplement the grid during periods of high demand. One of the main advantages of lead-acid batteries is their reliability. They have been used in the energy industry for over a century and are well-understood by engineers and technicians. It is also compared with other types of energy storage such as relatively inexpensive for lithium-ion battery. This makes it an attractive option for utilities looking to implement ESS at scale.
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The utility owned segment was valued at 40.68 MW in 2017 and continued to grow until 2021. A lead-acid battery consists of a series of cells containing a mixture of sulfuric acid electrolytes and lead electrodes. During charging, lead electrodes are oxidized and sulfuric acid is reduced to hydrogen ions and lead sulfate. In discharge mode, the lead sulfate is converted back to lead, producing sulfuric acid and electrical energy. Proper maintenance and operating procedures must be followed to optimize lead-acid battery efficiency and life in his utility-scale ESS. This includes regular visual checks, water level checks, and voltage measurements. A battery management system (BMS) can be used to automate these tasks and monitor battery performance in real time. Another important factor in lead-acid battery performance is thermal management. Higher temperatures can accelerate the deterioration of battery electrodes and electrolytes, reducing capacity and shortening overall lifespan. Therefore, proper ventilation and temperature control systems must be implemented to ensure optimum performance and longevity. Therefore, the above factors are expected to drive the growth of the utility-owned segment of the market during the forecast period.
The growth of the US Lead Acid Battery Market for Energy Storage Systems (ESS) is significantly driven by cost-competitive energy storage solutions. Lead-acid battery technology, with its long history, remains a cost-effective choice for various applications, including electric vehicles, renewable energy systems, and backup power. Compared to other battery technologies like lithium-ion, lead-acid batteries offer a lower price per kilowatt-hour of storage capacity, making them attractive for large-scale energy storage projects. Their durability, resistance to damage and extreme temperatures, and long lifespan of 5-10 years contribute to their popularity. Moreover, lead-acid batteries are highly efficient, have low self-discharge rates, and boast high charging efficiency, making them reliable and suitable for rapid discharge applications. Additionally, their eco-friendliness and high recyclability, with up to 99% recyclable material, further enhance their appeal as an energy storage solution. These factors are expected to drive the growth of the US Lead Acid Battery Market for Energy Storage Systems in the forecast period.
The growth of the US Lead Acid Battery Market for Energy Storage Systems is hindered by the limited usage capacity of lead-acid batteries. While lead-acid batteries are widely used in various applications like vehicles and UPS, their usable capacity is constrained due to their chemistry. The chemical reactions between lead plates and sulfuric acid during discharge result in the consumption of sulfuric acid and the build-up of lead sulfate, leading to reduced battery capacity and eventual failure. Usage conditions, such as high temperatures, can also accelerate degradation, while low specific energy compared to other battery types results in shorter run times. Proper maintenance, including regular charging and avoiding deep discharge, is crucial to maximize effective capacity. Failure to maintain the batteries properly can cause them to lose capacity faster. These limitations are expected to pose challenges for the US Lead Acid Battery Market for Energy Storage Systems during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Lead acid Battery Market for ESS in US Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
A123 Systems LLC: The company offers different types of battery systems such as 12V Starter Batteries and 48V batteries. It also offers energy-scalable battery modules.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The US lead acid battery market for ess report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
US Lead Acid Battery Market For ESS Scope |
|
Report Coverage |
Details |
Page number |
122 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.22% |
Market growth 2023-2027 |
26.29 MW |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.0 |
Regional analysis |
US |
Performing market contribution |
North America at 100% |
Key countries |
US |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
A123 Systems LLC, Concorde Battery Corp., Crown Equipment Corp., East Penn Manufacturing Co. Inc., Energizer Holdings Inc., EnerSys, Exide Industries Ltd., Hawker Powersource Inc., Power Sonic Corp., Scotts Emergency Lighting and Power Generation Inc., Surrette Battery Co. Ltd., Teledyne Technologies Inc., Trojan Battery Co. LLC, U.S. Battery Manufacturing Co., UPS Battery Center Ltd., Wirtz Mfg Co. Inc., AtBatt Inc., C and D Technologies Inc., and Robert Bosch GmbH |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Ownership
7 Market Segmentation by Technology
8 Customer Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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