The Prospector News

Next-Generation Advanced Batteries Will Reach $9.4 Billion in Annual Revenue by 2023, Forecasts Navigant Research

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Next-Generation Advanced Batteries Will Reach $9.4 Billion in Annual Revenue by 2023, Forecasts Navigant Research

 

 

 

 

 

The primary battery chemistry currently used for applications that require advanced batteries, lithium ion (Li-ion), has limitations that include input costs and materials scarcity.  Research and development of new battery chemistries, beyond Li-ion, is advancing rapidly and will have a major impact on the battery industry in the coming years.  According to a new report from Navigant Research, worldwide revenue from next-generation advanced batteries will grow from $182 million in 2014 to more than $9.4 billion in 2023.

 

 

 

“The advanced battery industry is growing at an aggressive pace, and new chemistries will likely enable even more applications for batteries, thus increasing the overall size of the battery industry,” says Sam Jaffe, principal research analyst with Navigant Research.  “The emergence of these new chemistries will help meet the world’s expanding appetite for advanced energy storage devices.”

 

 

 

Although energy density has been the most sought-after goal for new battery chemistries, cost has also become an important concern for most battery buyers, according to the report.  Next-generation chemistries, including ultracapacitors, lithium sulfur, and next generation flow technologies, offer a combination of higher density and lower price points. 

 

 

 

The report, “Next-Generation Advanced Batteries”, analyzes the global market for next-generation advanced batteries, with a focus on the current leading battery chemistry, Li-ion, and the energy storage device types that might eventually replace it: ultracapacitors and lithium sulfur, solid electrolyte, magnesium ion, next-generation flow, and metal-air batteries.  The report provides an analysis of the market issues and battery landscape associated with next-generation advanced batteries.  Global market forecasts for energy capacity, power capacity, and revenue, segmented by region, application, and chemistry, extend through 2023.  The report also examines the key imminent and emerging technologies related to advanced batteries and provides in-depth profiles of the major industry players.  An Executive Summary of the report is available for free download on the Navigant Research website.

 

 

 

About Navigant Research

 

 

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries.  In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets.  The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors.  

 

Posted June 18, 2014

Share this news article

MORE or "UNCATEGORIZED"


VIZSLA SILVER AGREES TO ACQUIRE NEWLY CONSOLIDATED PAST-PRODUCING SILVER DISTRICT IN THE EMERGING SILVER-GOLD-RICH PANUCO - SAN DIMAS CORRIDOR IN MEXICO

Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) i... READ MORE

March 28, 2024

Additional Drill Results Highlighted by Hole D-380 in Block 6 at Oko West, Intersecting 39.7 m Grading 5.27 g/t Au Including 2.8 m @ 14.18 g/t Au and 13.0 m Grading 10.50 g/t Au

Reunion Gold Corporation (TSX-V: RGD) (OTCQX: RGDFF) is pleased t... READ MORE

March 28, 2024

STLLR Gold’s Tower Gold Project Infill Drilling Continues to Confirm Mineralization at the Jonpol Deposit

STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) announces ... READ MORE

March 28, 2024

Hudbay Provides Annual Reserve and Resource Update and Production Outlook

Consolidated copper production is expected to average 153,000i to... READ MORE

March 28, 2024

Aya Gold & Silver: Record 2023 Production, Revenue and Operating Cash Flow

Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) is pleased t... READ MORE

March 28, 2024

Copyright 2024 The Prospector News