4Q 2012 (Pike Research/Navigant)
“Conventional lead-acid batteries have a significant history in providing energy storage for a variety of end-use applications, both mobile and stationary…[Their] technical deficiencies… – namely short cycle lives and slow charging rates – have [not] thwarted their commercial success… “…[But] mobile and stationary applications…ranging from electrified vehicles to energy storage on the power grid, are demanding more dynamic energy storage services, which necessitates better technical performance characteristics (energy density, power density, charge acceptance) and lower lifecycle costs (improved battery cycle life). Conventional lead-acid batteries cannot provide the level of performance demanded…”
click to enlarge“The increased adoption of renewable energy generation and advanced vehicle technologies, such as hybrid and stop-start vehicles, is driving innovation in the lead-based battery sector. New lead-based batteries are finding success in applications where batteries have a long history, such as vehicles, as well as new applications including grid storage for renewables integration… “…By 2020, Pike Research forecasts that advanced lead-acid batteries will capture roughly 25% of the global battery-based grid storage market, a small subset of the broader energy storage market. The market value for advanced lead-acid batteries in grid storage will be approximately $6.8 billion in 2020. Transportation applications, however, will still be the leading market for advanced lead-acid battery revenues…”
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