Where Forklift Lithium Batteries Will Make Profits | BSLBATT

After many decades of engineering development around the only power source technology (the lead-acid battery), electric forklifts and forklifts have finally introduced a new power source: industrial lithium-ion battery packs. The advantages of lithium solutions are now well known – higher performance, less maintenance and higher ROI. Lithium batteries offer a better return on investment and enable the deployment of automated guided vehicles and mobile robots (AGVs and AMRs) that rely heavily on long-life lithium batteries.

Research firm Interact Analysis took a close look at how quickly lithium batteries are entering the forklift market, looking at data from multiple angles including forklift classes, countries and regions. The company’s latest analysis shows that by 2030, 45% of the total forklift market, including internal combustion engines, will be powered by lithium batteries. Among all electric forklifts, that share will be about 70%, says Maya Xiao, the senior analyst at Interact who is leading the study.

“There are two general directions that the research shows,” says Xiao. “One of them is that electrical energy replaces combustion as an energy source; and second, there is an increasing trend from lead-acid batteries to lithium batteries in electrical units.”

The OEMs that make smaller electric units like walkie pallet trucks will offer almost all lithium-ion powered products by the end of the decade. OEMs making units that weigh less than 250 kilograms are already focusing on lithium propulsion, Xiao explains, and by 2030 these offerings are projected to be nearly 100% lithium.

“It’s very easy to order these smaller forklifts in the hundreds from a larger logistics service or e-commerce company,” says Xiao. “Companies will ‘flush and repeat’ with large orders as they replace older equipment, other companies will see the success and that will help drive the market forward.”

Xiao expects a shift toward lithium in Class 2 trucks covering NA devices and toward lithium-powered automated NA systems. When investing in these solutions, battery price is not a big factor as they focus on other aspects like uptime, throughput and productivity, Xiao points out.

Key draws to lithium forklift batteries include low maintenance, high energy density, higher efficiency means more power, and fast opportunity charging during breaks which, when done right, allows electric forklifts to run without changing batteries. However, lithium has faced some issues lately, including continued supply chain delays this year and rising material costs as lithium batteries are in high demand in other vehicle segments.

Interact Analysis recently lowered its lithium forklift market growth forecast due to ongoing supply chain and cost concerns, Xiao says. Such concerns have generally resulted in longer delivery times for forklift buyers, Xiao added that such concerns often result in longer delivery times for forklift buyers, which in some cases means forklift manufacturers as well as forklift dealers are looking for high-quality forklift lithium battery manufacturers in the Chinese market instead of waiting for the original forklift manufacturer to provide it.

In this blog, I have compiled the top 10 lithium forklift battery brands and manufacturers (comprehensive list and reviews). Learn more about the company history and what batteries each company offers. Here I strongly recommend BSLBATT, a Chinese forklift lithium battery manufacturer! Here is a brief description of the company:

BSLBATT Battery – Industrial is a forklift lithium battery manufacturer based in China. Designed for use in multi-layer bearing applications. Every BSLBATT battery has passed more than 60 industry quality and safety inspections. It features multiple levels of monitoring, security and backup redundancy in modules and complete units. The battery is designed and assembled in China at an assembly plant that meets strict ISO 9001:2015 certified standards. In addition, BSLBATT is the first forklift lithium battery in China to achieve UL2580 full product line certification. Maximum and safe power transmission through flexible copper rail wiring. BSLBATT lithium batteries are proven and have been integrated into over 40,000 electric forklifts.

When you are ready to make the switch to safe and efficient Li-ion solutions, it is highly recommended that you consult experienced professionals at BSLBATT at any time. Contact them today for forklift battery prices or a quote for a forklift replacement battery.


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