BOULDER, Colo.--(BUSINESS WIRE)--A new report from Navigant Research details global shipments of advanced batteries, including documentation on energy capacity, power capacity, cells shipped, and revenue, in 2014.
With increased sales of consumer electronics, particularly smart phones, plus growing interest in plug-in electric vehicles (PEVs) and grid management, demand for advanced batteries continues to rise. Between 2013 and 2014, the industry’s growth rate increased 12.8 percent in terms of energy capacity and 7.1 percent in terms of revenue. Click to tweet: According to a new report from Navigant Research, in 2014, the advanced batteries industry shipped 53.3 GWh of batteries, representing more than seven billion individual battery cells and more than $14 billion in sales.
“While the consumer electronics segment saw tepid growth in 2014, the vehicle electrification and grid-energy storage sectors experienced significant increases in energy capacity and associated revenue,” says William Tokash, senior research analyst with Navigant Research. “The advanced batteries industry remains in growth mode, and the majority of its products are manufactured in China and shipped around the world.”
As far as battery chemistries, lithium ion (Li-ion) continues to be primarily used in consumer electronics, automotive electrification applications, and grid-energy storage, according to the report. The only major application segment with penetration by other chemistries is grid energy storage, where some systems utilize flow batteries, advanced lead-acid, and sodium-metal halide batteries.
The report, Advanced Battery Tracker 4Q15, identifies developments and trends in the advanced batteries market by tracking the shipments of batteries around the world for 2014. The Tracker focuses on new market activity and market share analysis for the key application segments that utilize advanced batteries: automotive, stationary energy storage, and consumer electronics, including power tools. Comprehensive documentation is provided for energy capacity (MWh), power capacity (MW), cells shipped, and revenue for advanced batteries across all global regions and across all technologies. 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 Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is an independent specialized, global professional services firm that combines deep industry knowledge with technical expertise to enable companies to defend, protect and create value. With a focus on industries and clients facing transformational change and significant regulatory and legal issues, the Firm serves clients primarily in the healthcare, energy and financial services sectors which represent highly complex market and regulatory environments. Professional service offerings include strategic, financial, operational, technology, risk management, compliance, investigative solutions, dispute resolutions services and business process management services. The Firm provides services to companies, legal counsel and governmental agencies. The business is organized in four reporting segments – Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare; and Energy. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Advanced Battery Tracker 4Q15, 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.