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One of the factors that may hinder the widespread growth of the lead-acid battery market is safety. With that in mind, many companies are looking for more sustainable and viable solutions in the long term, especially for vehicles, where there may be a reduction in carbon dioxide emissions on the environment.
The demand for cars grows every day in the international market, and this will make the economy of the automotive sector automated and obtain value from $68 billion by year-end 2030, according to data shared by the paid report of the Reports and Data. Lead-acid batteries are fighting side by side with those manufactured using lithium, which is a more sustainable semiconductor metal that has been used in electric vehicles, mainly those produced by Tesla, and which has already rose above 300% in just one year due to its high demand and low supply due to the Covid-19 pandemic.
Auto Sector Economics: Revenue CAGR up 4,2%
Revenue CAGR (Compound Annual Growth Rate) will be 4,2% by the year 2030, according to the report published by the Reports And Data. The constant growth of this market is due to a number of factors, ranging from the energy storage solution to the increase in renewable generation in the market.
Despite this, the article states that one of the factors should negatively impact the battery market: the security. They are not so safe and need to be handled with due care and, with that in mind, companies are looking for materials and alternatives that can replace the lead-acid duo.
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Learn more about how lead and acid batteries work
The ability of this type of battery to provide a high surge current, meaning that its cells have a relatively high power-to-weight ratio, and this characteristic, associated with their low production cost, allows them to be widely used in the automotive sector. .
Mostly, this type of battery is used to start and ignite engines. But not only for that, as many brands tend to use both materials to facilitate lighting processes. In some situations, traction batteries are also used in golf carts and other objects – small to large machinery present in the daily lives of Brazilians.
Its use goes far beyond the automotive sector, since, nowadays, hospitals use batteries for wheelchairs intended for patients who do not have the strength in their arms to be able to move to other places, including the street. .
One of its advantages is its high durability and lifetime, not to mention that it is flexible, robust and cheap, being used in vehicles, motorcycles and other branches of the economy. One of its drawbacks is its poor performance when acid and lead are exposed to cold, as there is a significant loss of productivity.
The report that shows the broad growth of the battery sector using acid and lead was published during the month of May and has 244 pages with graphs and relevant analysis about the market. Your request can be made free of charge by completing an analysis.
