DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3mlzqq/lead_acid_battery) has announced the addition of the "Lead Acid Battery Market for ESS in the US 2015-2019" report to their offering.
The lead-acid battery market for ESS in the US to grow at a CAGR of 4% over the period 2014-2019.
The report, Lead-acid Battery Market for ESS in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the states of Pennsylvania, North Carolina, and California; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
The US installed a battery-based power storage capacity of 6 MW for Q1 2015, which has witnessed a growth from Q1 2014. The rise in investments in ESS are expected to give major boost to the lead-acid battery market in the US. Governments worldwide are investing in charging stations to increase the sustainability of battery-based ESS. The US government is investing in ESS to meet the peak demand in the country at a low cost. The success of battery-based ESS mainly depends on the battery performance and charging infrastructure. Lead-acid batteries need more efficiency and the use of carbon has helped overcome problems related to charging time. Governments worldwide are investing in charging stations to increase the sustainability of battery-based ESS. The US government is investing in ESS to meet the peak demand in the country at a low cost.
According to the report, ESS are experiencing steady growth worldwide. Rising consumption of lead-acid batteries in ESS ensures continuous power supply, effective distribution-scale energy storage, and energy security. The growth of renewable energy projects and the developments in smart grid technologies are driving the ESS market. The global market for energy storage is forecast to grow in the coming years, with major contributions from the US. The country is currently undertaking many new projects and is seen as the market leader.
Further, the report states that parameters such as efficiency, higher voltage, replacement timeframe, and faster recharge time of Li-ion batteries are driving consumers to opt for Li-ion over lead-acid batteries.
- North Carolina
- Axion Power International
- C&D Technologies
- EaglePicher Technologies
- Princeton Power Systems
Surrette Battery Company
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