Demand continued to increase for advanced batteries as an alternative means to power electric vehicles (EVs) and support grid-tied stationary energy storage systems (ESSs) in 2015. The advanced batteries industry is in growth mode due to the expansion of these two industries around the world. Overall, 14.6 GWh of advanced batteries was shipped across the global automotive and stationary energy storage sectors in 2015. The majority of the energy capacity was generated in the automotive sector by advanced batteries that were manufactured in Japan.
When measured by cell shipments, more than 99% of advanced batteries for the automotive and stationary energy storage sectors were made with Li-ion chemistries in 2015. This is the primary chemistry utilized in new EVs and electrochemical grid-tied ESSs. 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 only major application sector with significant market penetration by other chemistries is the stationary energy storage market, where some systems utilize advanced lead-acid batteries, flow batteries, and sodium-metal halide batteries.
This Navigant Research report 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.