Friday February 13, 2015 0 comments
BOULDER - Worldwide revenue for materials for advanced batteries is expected to total $132.2 billion from 2014 through 2023, according to a new report from Navigant Research.
The report said that, with growing demand for batteries in stationary, portable and transportation applications, a variety of new advanced battery chemistries are replacing the long-used lead-acid and primary alkaline chemistries, spurring industry-wide growth and transformation.
"With greater manufacturing scale and a maturing supply chain, more advanced batteries are being purchased and more products containing them are being sold," said Sam Jaffe, Navigant principal research analyst.
"As the industry continues to transform, capacity and materials shipments are also anticipated to continue to increase, with the number of annual shipments expected to nearly triple during the forecast period."
A free executive summary of the report, "Materials for Advanced Batteries," is available for download from the Navigant Research website.