US Lead Acid Battery Market Size for ESS is Set to Grow by 26.29 MW from 2022-2027. Cost-competitive energy storage solutions to boost the market- Technavio

NEW YORK, June 2, 2023 /PRNewswire/ -- The US lead acid battery market size for ESS is estimated to grow by 26.29 MW from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 5.22%. However, the growth momentum will be progressing during the forecast period. The cost-competitive energy storage solutions are notably driving the market growth, although the limited usage capacity of the lead acid battery may impede the market growth.

For more insights on the historic period (2017 to 2021), and forecast market size (2023 to 2027) - Request a sample report

What's New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial  - buy the report!

US Lead Acid Battery Market for ESS - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on Ownership (Utility-owned, third-party, customer) and Technology (Basic and Advanced). 

• 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.

Insights on the market contribution of various segments, including country and region wise historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

US Lead Acid Battery Market For ESS – Market Dynamics

Key drivers

Cost-competitive energy storage solutions

·  Lead acid battery technology has been around for more than a century, and it is still considered one of the most cost-effective options for ESS. Lead acid batteries have been used in several applications, including electric vehicles, renewable energy installations, and backup power systems. One of the main advantages of lead acid batteries for energy storage is their low cost. Compared with other battery technologies such as lithium-ion, lead acid batteries have a lower price per kilowatt-hour of storage capacity. The low cost of lead acid batteries makes them an attractive option for large-scale energy storage projects where cost-effectiveness is a crucial factor.

·  Lead acid batteries also have a long service life with a typical lifespan of around 5-10 years. With proper maintenance and care, lead acid batteries can last even longer than this. Their robust design and construction make them highly durable and resistant to physical damage and extreme temperatures. This makes them suitable for use in various challenging environments. Another advantage of lead acid batteries is their reliability. Lead acid batteries are known for their high energy efficiency with a low self-discharge rate and high charge efficiency. This means that they can store energy efficiently and lose very little energy when not in use. They also have a fast discharge rate, which makes them suitable for applications where power needs to be released quickly. Lead acid batteries are also highly efficient at recycling, with up to 99% of the battery being recyclable. This makes them an environmentally friendly option as they can be reused and repurposed at the end of their lives. 

Leading trends 

Increase in renewable energy generation target

·  The US has set ambitious targets to increase the generation of renewable energy in the coming years, which has put a greater emphasis on the importance of ESS. Among these, the lead acid battery has been a popular choice due to its high efficiency and low cost. The use of lead acid batteries in ESS has been growing over the years, but there is still significant room for growth. The current target is to increase the renewable energy generation capacity to 25% by 2025, which will require a significant increase in the deployment of ESS. 

·  Lead acid batteries are widely used in ESS due to their robustness, cost effectiveness, and reliability. They have been used for a long time in various applications and are well understood, making them a safe and dependable energy storage solution. The potential for the lead acid battery market for ESS in the US is high. With the increase in renewable energy generation, more emphasis will be placed on energy storage, which will give rise to greater deployment of lead acid batteries during the forecast period. This will not only provide a more reliable source of energy but also stimulate the economy through job creation. Moreover, advancements in technology have resulted in the development of innovative battery designs that can enhance the efficiency of the batteries. For instance, the introduction of valve-regulated lead acid batteries has greatly improved the performance and reliability of lead acid batteries in energy storage applications. 

Major challenges 

Limited usage capacity of lead acid battery

• The lead acid battery has been a popular choice for various applications such as in vehicles and Uninterruptible Power Supply (UPS) systems. However, the battery has a limited usage capacity that must be considered. One reason for the limited usage capacity of lead acid batteries is their chemistry. These batteries rely on a chemical reaction between lead plates and sulfuric acid to produce electrical energy. As the battery discharges, the sulfuric acid is gradually depleted, and the lead plates become coated with lead sulfate. This buildup results in reduced battery capacity and ultimately leads to failure.
• The battery's usage capacity is also affected by its conditions of use. For instance, high temperatures can accelerate the chemical reactions within the battery, leading to faster degradation of the electrolyte and the battery plates. Conversely, the battery's capacity can be preserved by maintaining low temperatures and charging the battery appropriately. Another factor that limits the usage capacity of lead acid batteries is their low specific energy. The specific energy of a battery refers to the amount of energy it can store per unit of weight or volume.
• Lead acid batteries have lower specific energy compared with other types of batteries, such as lithium-ion batteries. This means that lead acid batteries can store less energy per kilogram or liter of their weight or volume, resulting in shorter run times. To maximize the usage capacity of lead acid batteries, proper maintenance is crucial. This includes regular charging, avoiding deep discharging, and keeping the battery clean and free of corrosion. Overuse, misuse, or failure to maintain the battery properly can cause its capacity to degrade more quickly. 

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this US Lead Acid Battery Market Report For ESS?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the US Lead Acid Battery Market For ESS between 2023 and 2027
• Precise estimation of the size of the US Lead Acid Battery Market For ESS size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Lead Acid Battery Market For ESS across US
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of US Lead Acid Battery Market vendors For ESS

Gain instant access to 17,000+ market research reports. 

Technavio's SUBSCRIPTION platform

Related Reports:

The train battery market is estimated to grow at a CAGR of 5.45% between 2022 and 2027. The size of the market is forecast to increase by USD 179.11 million. This report extensively covers market segmentation by application (auxiliary battery and starter battery), battery type (lead-acid, lithium-ion, and nickel-cadmium), and geography (Europe, APAC, North America, South America, and Middle East and Africa). The increasing popularity of high-speed and autonomous railways is notably driving market growth.

The aviation battery market size is estimated to grow at a CAGR of 7.26% between 2022 and 2027. The market size is forecast to increase by USD 317.81 million. This aviation battery market report extensively covers market segmentation by battery type (nickel-based batteries, lithium-based batteries, and lead-based batteries), distribution channel (OEM and aftermarket), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The increasing demand for air transport is notably driving market growth. 

Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by Ownership
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 11: Chart on US - Market size and forecast 2022-2027 (MW)
• Exhibit 12: Data Table on US - Market size and forecast 2022-2027 (MW)
• Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%)
• Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Lead acid battery market for ESS in US 2017 - 2021
• Exhibit 15: Historic Market Size – Data Table on Lead acid battery market for ESS in US 2017 - 2021 (MW)

• 4.2 Ownership Segment Analysis 2017 - 2021
• Exhibit 16: Historic Market Size – Ownership Segment 2017 - 2021 (MW)

• 4.3 Technology Segment Analysis 2017 - 2021
• Exhibit 17: Historic Market Size – Technology Segment 2017 - 2021 (MW)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Ownership

• 6.1 Market segments 
• Exhibit 25: Chart on Ownership - Market share 2022-2027 (%)
• Exhibit 26: Data Table on Ownership - Market share 2022-2027 (%)

• 6.2 Comparison by Ownership 
• Exhibit 27: Chart on Comparison by Ownership
• Exhibit 28: Data Table on Comparison by Ownership

• 6.3 Utility owned - Market size and forecast 2022-2027
• Exhibit 29: Chart on Utility owned- Market size and forecast 2022-2027 (MW)
• Exhibit 30: Data Table on Utility owned- Market size and forecast 2022-2027 (MW)
• Exhibit 31: Chart on Utility owned- Year-over-year growth 2022-2027 (%)
• Exhibit 32: Data Table on Utility owned- Year-over-year growth 2022-2027 (%)

• 6.4 Third-party owned - Market size and forecast 2022-2027 
• Exhibit 33: Chart on Third-party owned- Market size and forecast 2022-2027 (MW)
• Exhibit 34: Data Table on Third-party owned- Market size and forecast 2022-2027 (MW)
• Exhibit 35: Chart on Third-party owned- Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Third-party owned- Year-over-year growth 2022-2027 (%)

• 6.5 Customer owned - Market size and forecast 2022-2027
• Exhibit 37: Chart on Customer owned- Market size and forecast 2022-2027 (MW)
• Exhibit 38: Data Table on Customer owned- Market size and forecast 2022-2027 (MW)
• Exhibit 39: Chart on Customer owned- Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Customer owned- Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Ownership 
• Exhibit 41: Market opportunity by Ownership (MW)
• Exhibit 42: Data Table on Market opportunity by Ownership (MW)

7 Market Segmentation by Technology

• 7.1 Market segments 
• Exhibit 43: Chart on Technology - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Technology - Market share 2022-2027 (%)

• 7.2 Comparison by Technology 
• Exhibit 45: Chart on Comparison by Technology
• Exhibit 46: Data Table on Comparison by Technology

• 7.3 Basic - Market size and forecast 2022-2027
• Exhibit 47: Chart on Basic- Market size and forecast 2022-2027 (MW)
• Exhibit 48: Data Table on Basic- Market size and forecast 2022-2027 (MW)
• Exhibit 49: Chart on Basic- Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Basic- Year-over-year growth 2022-2027 (%)

• 7.4 Advanced - Market size and forecast 2022-2027
• Exhibit 51: Chart on Advanced- Market size and forecast 2022-2027 (MW)
• Exhibit 52: Data Table on Advanced- Market size and forecast 2022-2027 (MW)
• Exhibit 53: Chart on Advanced- Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Advanced- Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Technology 
• Exhibit 55: Market opportunity by Technology (MW)
• Exhibit 56: Data Table on Market opportunity by Technology (MW)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

• 9.1 Market drivers 

• 9.2 Market challenges 

• 9.3 Impact of drivers and challenges 
• Exhibit 58: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends 

10 Vendor Landscape

• 10.1 Overview 

• 10.2 Vendor landscape 
• Exhibit 59: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 60: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 61: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 62: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 63: Matrix on vendor position and classification

• 11.3 C and D Technologies Inc. 
• Exhibit 64: C and D Technologies Inc. - Overview
• Exhibit 65: C and D Technologies Inc. - Product / Service
• Exhibit 66: C and D Technologies Inc. - Key offerings

• 11.4 Concorde Battery Corp. 
• Exhibit 67: Concorde Battery Corp. - Overview
• Exhibit 68: Concorde Battery Corp. - Product / Service
• Exhibit 69: Concorde Battery Corp. - Key offerings

• 11.5 Crown Equipment Corp. 
• Exhibit 70: Crown Equipment Corp. - Overview
• Exhibit 71: Crown Equipment Corp. - Product / Service
• Exhibit 72: Crown Equipment Corp. - Key offerings

• 11.6 East Penn Manufacturing Co. Inc. 
• Exhibit 73: East Penn Manufacturing Co. Inc. - Overview
• Exhibit 74: East Penn Manufacturing Co. Inc. - Product / Service
• Exhibit 75: East Penn Manufacturing Co. Inc. - Key news
• Exhibit 76: East Penn Manufacturing Co. Inc. - Key offerings

• 11.7 Energizer Holdings Inc. 
• Exhibit 77: Energizer Holdings Inc. - Overview
• Exhibit 78: Energizer Holdings Inc. - Business segments
• Exhibit 79: Energizer Holdings Inc. - Key news
• Exhibit 80: Energizer Holdings Inc. - Key offerings
• Exhibit 81: Energizer Holdings Inc. - Segment focus

• 11.8 EnerSys 
• Exhibit 82: EnerSys - Overview
• Exhibit 83: EnerSys - Business segments
• Exhibit 84: EnerSys - Key news
• Exhibit 85: EnerSys - Key offerings
• Exhibit 86: EnerSys - Segment focus

• 11.9 Exide Industries Ltd. 
• Exhibit 87: Exide Industries Ltd. - Overview
• Exhibit 88: Exide Industries Ltd. - Product / Service
• Exhibit 89: Exide Industries Ltd. - Key offerings

• 11.10 Hawker Powersource Inc. 
• Exhibit 90: Hawker Powersource Inc. - Overview
• Exhibit 91: Hawker Powersource Inc. - Product / Service
• Exhibit 92: Hawker Powersource Inc. - Key offerings

• 11.11 Power Sonic Corp. 
• Exhibit 93: Power Sonic Corp. - Overview
• Exhibit 94: Power Sonic Corp. - Product / Service
• Exhibit 95: Power Sonic Corp. - Key offerings

• 11.12 Robert Bosch GmbH 
• Exhibit 96: Robert Bosch GmbH - Overview
• Exhibit 97: Robert Bosch GmbH - Business segments
• Exhibit 98: Robert Bosch GmbH - Key news
• Exhibit 99: Robert Bosch GmbH - Key offerings
• Exhibit 100: Robert Bosch GmbH - Segment focus

• 11.13 Teledyne Technologies Inc. 
• Exhibit 101: Teledyne Technologies Inc. - Overview
• Exhibit 102: Teledyne Technologies Inc. - Business segments
• Exhibit 103: Teledyne Technologies Inc. - Key news
• Exhibit 104: Teledyne Technologies Inc. - Key offerings
• Exhibit 105: Teledyne Technologies Inc. - Segment focus

• 11.14 Trojan Battery Co. LLC 
• Exhibit 106: Trojan Battery Co. LLC - Overview
• Exhibit 107: Trojan Battery Co. LLC - Product / Service
• Exhibit 108: Trojan Battery Co. LLC - Key offerings

• 11.15 U.S. Battery Manufacturing Co. 
• Exhibit 109: U.S. Battery Manufacturing Co. - Overview
• Exhibit 110: U.S. Battery Manufacturing Co. - Product / Service
• Exhibit 111: U.S. Battery Manufacturing Co. - Key offerings

• 11.16 UPS Battery Center Ltd. 
• Exhibit 112: UPS Battery Center Ltd. - Overview
• Exhibit 113: UPS Battery Center Ltd. - Product / Service
• Exhibit 114: UPS Battery Center Ltd. - Key offerings

• 11.17 Wirtz Mfg Co. Inc. 
• Exhibit 115: Wirtz Mfg Co. Inc. - Overview
• Exhibit 116: Wirtz Mfg Co. Inc. - Product / Service
• Exhibit 117: Wirtz Mfg Co. Inc. - Key offerings

12 Appendix

• 12.1 Scope of the report 

• 12.2 Inclusions and exclusions checklist
• Exhibit 118: Inclusions checklist
• Exhibit 119: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 120: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 121: Research methodology
• Exhibit 122: Validation techniques employed for market sizing
• Exhibit 123: Information sources

• 12.5 List of abbreviations 
• Exhibit 124: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio