Demand for batteries as an alternative means to power EVs and support grid management systems has shown steady growth around the world through 3Q 2016. The advanced batteries market is in continued growth mode due to the global expansion of plug-in EVs (PEVs) and stationary grid-tied energy storage systems (ESSs). Overall, the industry shipped 16.1 GWh of batteries through 3Q 2016, with the majority of this capacity in the automotive segment.
Lithium ion (Li-ion) continues to be the primary chemistry utilized in light duty automotive applications. The stationary energy storage sector has a more diverse chemistry landscape across world markets with technologies such as sodium sulfur batteries, flow batteries, advanced lead-acid, and hybrid chemistries. Most of the advanced batteries in 2016 have been manufactured in Asia Pacific and shipped around the world. According to Navigant Research, the shipment volume of advanced batteries through 3Q 2016 equates to more than 323.5 million individual battery cells, 61.4 GW of power capacity, and $3.8 billion in sales.
This Navigant Research report identifies developments and trends in the advanced batteries market by tracking the shipments of batteries around the world through 3Q 2016. The Tracker focuses on new market activity and market share analysis for the key application segments 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 across all global regions and across multiple technologies.