Why run a golf cart on lithium batteries?
Golf carts are not only for golf courses but can also be popular in beach towns, retirement communities, or vacations. Previously, electric golf carts were susceptible to acid contamination, expanding the golf cart to other areas.
The golf cart market is valued at $1,947.47 million in 2021 and expects to reach $2,688.92 million by 2027, with a forecast CAGR of 5.71%. The benefits of playing golf drive the sales of golf carts. According to the data. Golf cart sales to soar from the second half of 2020, driving the lithium iron phosphate market.
Rapid urbanization, growing per capita income, and growing international and domestic tourism drives the demand for golf carts.
Consumer awareness about golf as a recreational activity is increasing. By 2020, there will be 38,081 golf courses in 206 of 251 countries worldwide, representing a global penetration rate of 82%. The golf cart battery of the global market reached about 3 billion RMB in 2021. And according to the data, from 2022 to 2028, due to the impact of the new crown pneumonia epidemic and other factors, we expect to reach 4 billion RMB in 2028 with a compound annual growth rate (CAGR) of 4.4%. LiFePO4 battery is the primary choice for golf cart batteries.
The lithium iron phosphate battery, widely used in the market, has good high-temperature resistance and is not affected by the rise in ambient temperature, avoiding explosions and high safety. Successfully solved the current high-temperature problem faced by the electric vehicle market.
Advantages of LiFePO4 for golf carts:
1. Lightweight, lightweight design, easy to install and move
Lithium batteries have higher energy density compared with lead-acid batteries. Under the same size as lead-acid batteries, lithium batteries are lighter in weight and have more stable power output. Golf cart battery is usually 36v or 48v, parallel 36v or 48v battery under professional guidance. Compared to traditional lead acid for golf carts, lithium batteries significantly increase the weight-to-performance ratio and will achieve faster speeds.
2. Low self-discharge and long cycle life
The service life of lithium iron phosphate batteries is 5-10 times the service life of lead-acid batteries, up to 10 years of life.
3. Environmental protection
Lithium iron phosphate batteries can be recycled, friendly to the environment.
4. Maintenance-free, the low total cost
Lead-acid batteries require a lot of time and cost to maintain, and lithium batteries zero maintenance;
5. High capacity, long endurance
Lithium batteries can completely discharge while the voltage remains stable. Support deep cycle discharge 80%-100%. LiFePO4 batteries have a significantly longer life than lead-acid batteries. Low power will not lead to performance degradation.
6. Fast charging
Lithium-iron phosphate batteries charge quickly with the right charger. It can be fully charged in 1-3 hours, saving time and costs.
7. Safer
With the maturity of lithium battery technology, an intelligent battery management system (BMS) ensures the safety and usability of lithium iron phosphate batteries. BMS monitors and protects the battery, including overcharge protection, over-discharge protection, over-current protection, short-circuit protection, and overheating protection.
The golf cart industry needs
golf cart batteries that are more in line with consumer demand to ensure
improved durability and lower costs, lithium iron phosphate batteries are
becoming the preferred choice in the golf cart battery market, and the golf lithium
battery market expects to achieve a higher growth rate by 2030. The global golf
cart battery market is segmented based on battery type into LiFePO4 batteries
and lead-acid batteries. Lithium-ion batteries expect to account for the
largest share of the global golf battery market. Lithium-ion batteries can
better address growing concerns about global warming and environmental
pollution. In addition, the manufacturing cost of lithium-ion batteries is
decreasing, and the production scale of lithium-ion batteries expects to
increase. Based on product type, the lithium-ion battery market for golf carts
is mainly divided into 36 V and 48 V. The U.S. and Canada are the major markets
for golf cart batteries. However, in terms of growth rate, the growth of the
lithium-ion golf cart market in other regions is impressive. In developing
Asian countries, the growing popularity of golf further stimulates the lithium
golf market. Developing Asia is becoming a big market for golf with powerful
potential.
