Japanese energy storage lead-acid battery price

Is the lead-acid battery market growing in Japan?

The lead-acid battery segment continues to maintain a stable presence in the Japan battery market, particularly in automotive and industrial applications. This segment demonstrates steady growth potential from 2024-2029, supported by its established infrastructure and lower cost compared to other battery technologies.

How big is Japan's battery storage market?

In the commercial space, Japan’s battery storage market was valued at USD 593.2 million in 2023 and is projected to reach USD 4.15 billion by 2030. While commercial installations currently dominate revenues, industrial adoption is expected to scale faster. Utility-scale storage is also gaining ground.

Does Japan have a lithium-ion battery market?

The Battery Association of Japan has reported significant volume growth in lithium-ion battery sales for vehicles, indicating a robust and growing market for automotive battery applications.

What makes the Japanese battery market unique?

The Japanese battery market is characterized by a strong presence of domestic conglomerates like Panasonic, GS Yuasa, and Maxell Holdings, which have historically dominated the landscape through their integrated operations and established distribution networks.

Why is Japan transforming its battery industry?

Japan's battery industry is undergoing significant transformation driven by the country's ambitious renewable energy goals and technological innovation. The government has set aggressive targets for renewable energy to account for 36-38% of the country's energy mix for power generation by 2030, spurring demand for energy storage battery solutions.

Can EKU energy commercialise large-scale batteries in Japan?

For Eku Energy, the LTDA is important to the business model of its Japanese projects but the developer, perhaps best known for projects in the UK and Australia, sees three pathways to commercialisation for large-scale batteries in Japan. The company secured a 20-year tolling agreement for its first Japan project, the 30MW/120MWh Hirohara BESS.