Thriving Automotive Industry To Push The Demand For Lead Acid Batteries
Lead-acid battery market to hold major prominence from the SLI batteries application
Initially discovered by a French physician- Gaston Plante in 1859, lead acid batteries have found a dominant spot in the rechargeable batteries segment for commercial use in today’s era. Considering the numerous applications of lead acid and new inventions in myriad fields, the product has been able to gather massive traction across the globe. Given its low cost and reputable manufacturing base, lead acid batteries are speculated to crop as a vital product in the years to come.
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Every automobile these days makes use of lead acid batteries with some transformations and additions. The electric and hybrid vehicles utilize exotic batteries operating at hundreds of volts while the good old 12-volt system stays put for operations like starting, igniting, and lighting in the vehicle. Apparently, all commercial or passenger vehicles require an SLI capability. This points to the distinguished use of these batteries across the vehicle making industry.
The transforming landscape of automotive industry is slated to have an impeccable impact on the overall lead acid battery market, enabling the business space to take account of a considerable revenue share in the years to come.
The expanding automotive industry and burgeoning automobile sales worldwide have fostered the growth of these batteries. According to the OICA statistics, the world witnessed over 77 million automobiles sales inclusive of passenger and commercial vehicles, in 2020.
Dominance of SLI batteries in automobiles: providing big leaps to the lead-acid battery market
SLI batteries, an eminent form of lead acid batteries, are exclusively made for automobiles and are thus installed with the vehicle’s charging system — which means that it continuously takes account of the charge and discharge in the battery when the vehicle is in the running state.
Apparently, the battery is connected to the alternator which produces an alternating current that is further converted to the DC with the help of rectifier. This DC voltage is regulated to charge the battery.
Automakers have left no stone unturned to upgrade the SLI batteries technologies in accordance with today’s consumer demands. One such breakthrough has been achieved by Johnson Controls and Amara Raja. The companies, in November 2018, mutually joined hands to bring about a revolutionary wave in the battery technologies realm across the Indian sub-continent. As per the pact, the companies are required to share and improve product designs and manufacturing technologies allowing high performance across SLI, AGM, and other batteries.
Increasing lead extraction exposure to pave way for lead acid battery recycling
With rapid urbanization and surging demand for motorized vehicles worldwide, the use of lead acid batteries has incredibly increased over the recent years. In this case, consider the following pointers:
· Consumption of lead through the production of LABs increased from 0.6 million tons in 1960 to 10 million tons in 2012.
· Around 85% of the overall global consumption of lead is for the production of these batteries.
These statistics have indeed produced a spurt for lead extraction and recovery on a constant basis. However, alarming health concerns laid due to the lead recovery process on environment and human exposure has enunciated the need for lead battery recycling processes to obtain the metal. Speaking of lead poising, WHO estimates suggest that nearly 240 million people are overexposed to lead, with the subject accounting for approximately 853,000 fatalities. In this case, various companies and debutants have taken initiatives for lead acid batteries recycling.
The functionality of batteries across vehicles has been extensively transforming over the years. Today, batteries form an integral part of comprehensive energy management to diminish carbon emissions from combustion engine cars — thus, paving way for the deployment of lead acid batteries. Moreover, lead acid batteries are continually retaining their stance worldwide as storage devices for automotive power supply systems, enabling a meteoric rise in their demand in the near future.
