Hybrid Lead-acid Battery Market – Rising Demand for Cleaner Fuels to Promote Growth | Technavio

LONDON–(BUSINESS WIRE)–#Energy–The global
hybrid lead-acid battery market is expected to grow at a CAGR of
more than 15% during the period 2018-2022, according to a new market
research study by Technavio.

The report categorizes the global hybrid
lead-acid battery market by end-user that includes grid energy
storage and automotive. The report also determines the geographic
breakdown of the market in terms of detailed analysis and impact, which
includes key geographies such as APAC, the Americas, and EMEA.

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Market driver: rising demand for cleaner fuels

CO2 emissions have been growing because of the rise in the economic
activities across the globe. The quantity of CO2 being produced from
various activities has emerged as a main source of concern. Countries
across the world have engaged in efforts to decarbonize power systems
and shift to RE for controlling the CO2 emissions. Since 2014, global
CO2 emissions remained almost stable for three straight years, even
though the global economy has grown, thereby decoupling economic
activities with CO2 emissions. But, this is not the case with the
transportation sector. When compared with the year 2000, the CO2
emissions from the transportation sector increased by approximately 63%
in 2014.

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Market trend: implementation of hybrid power systems in telecom towers

The telecom industry is growing at a rapid pace, mostly in the
developing nations. More telecom towers have been built in remote
locations with poor grid connectivity. Thus, isolated towers need
efficient energy supply that can be provided by a combination of RE
sources with diesel generators for backup. The focus is on hybrid power
systems that have a lower impact on the environment. This is because
hybrid power systems produce fewer carbon emissions when compared with
legacy power systems that use a different combination of energy types.

According to a senior analyst at Technavio for energy
storage research, “Hybrid power systems can resolve the
problem of electricity imbalances in remote locations, particularly with
the use of the renewable hybrid sources. Therefore, the adoption of
hybrid power systems is one of the trends in the power utility industry
because of the increasing penetration of the telecom industry into the
off-grid areas. Countries across the world are taking an active interest
in reducing emission levels by promoting the use of clean energy, such
as wind and solar energy storage.”

Market challenge: lead pollution and stringent laws

As of 2016, lead-acid batteries accounted for more than 85% share of the
overall production of lead. The standard arrangement of lead-acid
batteries includes lead plates placed in sulfuric acid inside a plastic
casting. The recycling of lead-acid
batteries reduces the number of disposable batteries as a solid
waste. But, the battery cells contain a significant amount of lead oxide
toxins that are harmful to the environment.

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