For a century, lead acid batteries have been the foundation of energy storage systems ranging from vehicles to alternative energy resources. Other newer technologies such as lithium-ion have since appeared, but lead acid batteries continue to evolve, becoming more efficient, effective, and sustainable.
In July 2024, Exide Industries Ltd has declared its intention to introduce a new innovative absorbent glass mat (AGM) battery designed for starting, light, and ignition (SLI) applications. This innovation reflects the company's focus on innovation in the automotive battery business through improved performance and reliability.
In April 2024, leading low-voltage vehicle battery maker Clarios announced a key supply agreement with leading OEM as its supplier of its new high-performance recharge AGM battery. Clarios' 12-volt battery has superior charge acceptance properties compared to a standard AGM battery, promoting reduced fuel consumption and CO2 emissions.
In January 2024, Ipower Batteries Pvt Ltd, the first Indian company, introduced Graphene series lead-acid batteries. This is a great achievement in the Indian lead acid battery technology industry, with greater performance and longevity.
In June 2023, EnerSys® announced it had entered into a non-binding Memorandum of Understanding with Verkor SAS, the leading European battery technology company, to build a lithium battery gigafactory in the United States.
In May 2023, EnerSys introduced the ODYSSEY Connect battery monitoring system, utilizing proprietary technology to continuously monitor and report a variety of battery performance and health metrics for peak operation. The data that the system inputs is then reported via Bluetooth to any Apple or Android smart device.
The Expanding Lead Acid Battery Industry
As per Coherent Market Insights (CMI), the lead acid battery market is expected to grow at a 5.5% CAGR over the forecast period, with the overall industry size anticipated to be US$ 77.28 billion by 2032. This growth is fueled by the growing need for efficient and affordable energy storage solutions across industries, ranging from leading applications in automotive and renewable energy to essential infrastructure support.
The Road Ahead
As the market keeps evolving, the future for lead acid batteries is bright. New trends in smart technologies, green materials, and innovative manufacturing methods are shaping the way energy storage solutions evolve.
Though proper care and maintenance are still required to extend the life of a battery, recent innovations are increasingly making lead acid batteries more efficient, eco-friendly, and suitable for a myriad of applications.
From powering your vehicle, backing renewable energy solutions, to maintaining power supply around the clock, lead acid batteries continue to deliver value in the ever-changing energy world.
Source:
E-commere Platform: Spaceflight Power, Battery Council International.
