Future Prospects and Opportunity Assessment of Lead-Acid Battery Market…

Future Prospects and Opportunity Assessment of Lead-Acid Battery Market…

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According to the report, the ASEAN Lead-Acid Battery Market is forecast to achieve $6 billion through 2031is expanding at a CAGR of 6.54% during the forecast period. Lead-acid batteries are expected to have a low usable capacity. It is typically considered to use only 30% to 50% of the rated capacity of a typical lead-acid battery. This suggests that a 600 Ah battery bank will only deliver a maximum of 300 Ah actual capacity in daily practice. Discharging the batteries more, even occasionally, would drastically reduce their lifespan.

They consume up to 15% of the energy supplied to them by the onboard charger, indicating inefficiency. So if you deliver 100A of current, you would only store 85Ah. This can be frustrating when trying to get as much efficiency as possible out of each amp in solar charging mode before the sun goes down or the sky is covered with clouds. Increasing trends toward low usable capacity of lead-acid batteries are expected to drive the market over the forecast period.

Expanding ASEAN lead-acid battery market

Massive demand for battery storage is observed in data centers. Any power interruptions and inconsistencies in data centers can prove critical. Therefore, lead-acid batteries mainly cover the emergency power needs of this specific industry. In addition, the UPS used in industry are mainly lead-acid battery systems. Therefore, a significant amount of this battery category is used in the IT and telecom industries. It is estimated that the demand for data center installation will increase significantly in the near future. Growing data generation is also expected to boost data processing capacity in the coming years. Consequently, lead-acid battery demand is expected to increase as data centers adopt lead-acid batteries. This, in turn, is likely to drive the lead-acid battery market at a rapid pace over the forecast period.

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