Lead-acid batteries were invented by Plant in 1859. After years of development, they have made great progress in theoretical research, product types, product performance, etc., whether in transportation, communications, electric power, military, navigation, aviation, etc. In the economic field, lead-acid batteries have played an important role.
(1) Steady development of the global lead battery industry
In the past ten years, with the development of the world's energy economy and the improvement of people's living standards, the application fields of lead-acid batteries have been continuously expanded, and the market demand has also increased substantially. According to data compiled by China Industry Information Network, the global lead battery market in 2011 was only 37.21 billion U.S. dollars. By 2018, the global lead battery market has reached 44.52 billion U.S. dollars. It is expected that the global lead battery market will reach 45.98 billion U.S. dollars in 2020.
(2) China is the world's largest producer, consumer and exporter of lead-acid batteries
At present, the lead-acid battery industry is an important part of my country’s national economy. It is closely related to the development and interests of industry, transportation, communications, finance, national defense and military industry, navigation and aerospace, new energy storage, and people’s daily life. It has played an indispensable and important role in national defense construction. Based on this, my country's lead storage battery market continues to grow steadily, and it has become the world's largest lead storage battery producer, exporter and consumer country.
According to statistics from the Prospective Industry Research Institute, my country's lead storage battery output in 2018 was 235.98 million kVAh, and the domestic demand for lead storage batteries was 220.15 million kVAh. During my country's 13th Five-Year Plan, the compound growth rate of lead storage battery output will reach 10.76%. It is estimated that by 2022, the domestic lead storage battery output will reach 273.59 million kVAh, and the domestic demand for lead storage batteries will reach 258.79 million kVAh.