Within three generations batteries have evolved from being minor accessories to key technology. We agree with Forbes that few consumer innovations have had such a steep trajectory. The ever-changing face of battery design ensures we find them every where we go. From implantable devices, to energy storage farms as large as small towns, they are there.
The Changing Face of Battery Technology Will Continue to Evolve
As batteries adapt to new roles, so too demands on their strength, reliability, and safety change. The humble UPS now supports life-critical medical devices during grid failures. Global warming has moved batteries center-stage as never before with renewables.
The changing face of battery applications has caused global demand to grow steadily. Forbes puts the compound annual growth rate at a conservative 15% by 2030. But this could be much more, we suspect, as battery storage expands.
The flammable nature of lithium-ion batteries, under some circumstances, has brought battery technology under the public eye. A person charging an electric scooter in a public place now attracts greater attention, even if it is their trusty lead-acid battery.
The Focus Shifts to Quality, Resilience and Efficiency
Batteries have become a high-tech product, as they muscle into land, sea and air transport markets. Their failure becomes more significant, as scientists probe temperature tolerance and low maintenance.
A decade ago, consumers hardly bothered abut these things. They just wanted a battery of a particular size, shape and voltage. And if they could find a cheaper one, that was great too.
However, nowadays we know how important it is to follow trusted brands, and to spot and avoid counterfeit fakes. The growing battery market is lucrative, and it attracts chancers after a quick buck.
Throughout all this, traditional alkaline and lead acid batteries also benefit from this market growth too. They are good value for money, although they may not last as long. But they cost less, and they can’t catch fire and burn.
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