More than 99 percent of advanced batteries for these sectors were made with lithium ion chemistries
A new report from Navigant Research tracks developments and trends in the advanced batteries market from shipments in 2015, including comprehensive documentation for energy capacity (MWh), power capacity (MW), cells shipped, and revenue, across global regions.
Today’s advanced batteries industry is growing, with expanding markets for electric vehicles (EVs) and stationary energy storage systems (ESSs) driving demand. Battery manufacturers recognize that the industry will continue to grow quickly in the next several years and have dedicated more research, development, and resources to ensure future profitability. Click to tweet: According to a new report from @NavigantRSRCH, energy capacity of advanced batteries for the automotive and stationary energy storage sectors combined increased more than 70 percent from 2014 to 2015.
“The growth of advanced batteries for the automotive sector and stationary energy storage will depend on incremental improvements of battery performance and the battery supply chain,” says Ian McClenny, research associate with Navigant Research. “Key developments to watch in the coming years will be the expanding presence of EVs in China, the launch of new EV models like the Tesla Model 3, and the emergence of new business models for owners and aggregators of ESSs.”
When measured by cell shipments, more than 99 percent of advanced batteries for the automotive and stationary energy storage sectors were made with lithium ion (Li-ion) chemistries in 2015. According to the report, the global Li-ion manufacturing capacity has expanded in the last several years, as several governments have subsidized factories in Asia Pacific and North America to boost supplies for EVs.
The report, Advanced Battery Tracker 2Q16, identifies developments and trends in the advanced batteries market by tracking the shipments of batteries globally in 2015. The Tracker focuses on new market activity and market share analysis for two key application sectors that utilize advanced batteries: automotive and stationary energy storage. Comprehensive documentation is provided for energy capacity (MWh), power capacity (MW), cells shipped, and revenue for advanced batteries in the automotive and stationary energy storage sectors across all global regions. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, Advanced Battery Tracker 2Q16, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.