Automotive lead acid battery market is set to surpass a valuation of US$ 41.8 Bn and is poised to grow at a value CAGR of 5% during the forecast period (2019-2029). The surge in production of automobiles globally has supplemented the growth of lead acid battery market. Lead acid batteries are soaring on popularity as they provide an additional source of power to the vehicle. However, in the current scenario, the global automobile market has been stagnant in terms of profitable growth. This is anticipated to change in the coming years as the automotive sector is set to capture growth opportunities owing to the increasing vehicle production, thus aiding the demand for automotive lead acid batteries. Moreover, the heightened uptake of passenger cars globally, is expected to accelerate the growth of automotive lead acid battery market. Further, a steady rise in the use of pure electric and hybrid vehicles is
When it comes to electric vehicles, the car can go only as far as the battery can take it, and the lithium-ion battery has made tremendous leaps forward in power, capacity and charge speed capabilities.
Thankfully, the chargers themselves have evolved in line with the capabilities of the battery, if not ahead of it.
We have now moved from the home plug charger which can often add only four kilometres of range every 10 minutes, to the common 7kW home charger which can add about seven kms range per 10 minutes, to publicly-available DC fast chargers which can add about 50kms of range.
However, the batteries are soon set to take another leap forward, and the development and subsequent deployment of publicly-available charging infrastructure needs to continue to keep pace.
And with the New South Wales Government’s recent announcement of a plan to fast-track electric car uptake by supporting the