NEXT-GEN BATTERY BIZ TO QUINTUPLE

Next-Generation Advanced Batteries; Ultracapacitors and Lithium Sulfur, Solid Electrolyte, Magnesium Ion, Next-Generation Flow, and Metal-Air Batteries: Global Market Analysis and Forecasts

2Q 2014 (Navigant Research)

"The advanced battery industry is growing at an extremely aggressive pace, with lithium ion (Li-ion) leading the charge. However, Li-ion is not the perfect battery; it has supply constraints, manufacturing cost reduction obstacles, and safety issues...Although energy density has been the most sought-after goal for new chemistries – and most show improvements in energy density – it is not the only favorable quality for a next-generation battery. Cost and safety have become important concerns for most battery buyers. By offering cheaper price points, next-generation batteries can enable even more applications for batteries. In addition, some applications (e.g., electric vehicle and grid storage batteries) require higher safety standards and value inherently safe chemistries. Navigant Research forecasts that global next-generation advanced battery revenue will grow from $182.3 million in 2014 to $9.4 billion in 2023…” click here for more

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