Lead-acid technology is the most widely used electrochemical system, used in numerous applications from back-up for uninterruptible power supplies and grid energy storage, to traction in battery electric vehicles, and for starting, lighting and ignition (SLI) in conventional combustion engine vehicles.
Some of the factors that surge the demand for lead-acid batteries are growing SLI (starting, lighting, and ignition) applications in the automotive industry, increase in renewable energy production, and high demand for energy storage devices.
The primary advantage of lead-acid batteries is long cycle-life and weight reduction in vehicles. Therefore, a rise in vehicle sales drives the growth of lead-acid batteries as a cost-effective energy source.