An SLA battery, or Sealed Lead Acid Battery, is a lead-acid battery that uses oxygen composite technology, a glass fiber separator or colloidal electrolyte, and is equipped with a pressure relief valve for venting (mainly when vented during overcharge). Regarding the development scale of SLA batteries, it can be summarized from the following aspects:
First, the global market size
Market size and growth: According to the latest market research report, the global stationary lead-acid SLA battery market revenue reached RMB 61.249 billion in 2023. The global SLA battery market is expected to maintain growth in the next few years, with a compound annual growth rate of 7.16%. By 2029, the global stationary lead-acid SLA battery market size is expected to reach 93.309 billion yuan.
Main application fields: SLA batteries are widely used in many fields, including energy storage systems, UPS power supplies, electric vehicle auxiliary power supplies, etc. As the global demand for renewable energy and energy storage technology increases, the application of SLA batteries in these fields will also be further expanded.
Second, the size of the Chinese market
Market size and growth: As one of the world's largest battery producers and consumers, China's SLA battery market is also showing a rapid growth trend. However, since the report does not directly give the specific size figures of China's SLA battery market in 2023, we can speculate based on the growth trend of the global market and China's market share. It is expected that China's SLA battery market will also maintain a high growth rate.
Policy promotion: The Chinese government has been promoting the development of new energy and energy storage technologies, and has issued a series of relevant policies to support the development of the battery industry. These policies provide a good environment for the application of SLA batteries in the Chinese market.
Figure: SLA battery
Third, the industrial chain and competition pattern
Industry chain analysis: The industrial chain of SLA batteries includes upstream raw material suppliers (such as lead, sulfuric acid, etc.), midstream battery manufacturers, and downstream application fields. With the continuous progress of technology and the continuous expansion of the market, the connection between all links of the industrial chain will be closer.
Competitive landscape: At present, the global SLA battery market presents a diversified competitive pattern. There are a number of well-known battery manufacturers in the market, such as China's Chaowei Power and Tianneng Battery, which have strong strength in technology research and development, market expansion, etc.
Fourth, the future development trend
Technological innovation: With the continuous progress of science and technology, SLA battery technology will continue to innovate and improve. In the future, SLA batteries may make greater breakthroughs in energy density, cycle life, safety, etc.
Market demand: As the global demand for renewable energy and energy storage technology continues to increase, the market demand for SLA batteries will continue to grow. Especially in the fields of energy storage systems and auxiliary power supplies for electric vehicles, the application prospects of SLA batteries will be broader.
To sum up, SLA batteries are showing a rapid development trend in both the global and Chinese markets. In the future, with the continuous innovation of technology and the increasing market demand, the development scale of SLA batteries is expected to be further expanded.
