Thursday July 3, 2014 0 comments
BOULDER - Global shipments of advanced battery cells saw continued growth in 2013, reaching 6.7 billion in 2013, according to a new report from Navigant Research.
The total was a 10 percent increase over 2012 shipments, Navigant said, and reflected increasing demand for batteries to power vehicles, grid management equipment and electronic devices.
"While the battery industry saw significant increases in the overall number of batteries shipped and the energy capacity they represent, revenue growth was modest because of declining prices," said Sam Jaffe, Navigant's principal research analyst.
"The center of the advanced battery industry remains in China, where the majority of these batteries were manufactured and shipped around the world."
Navigant said in terms of power capacity, the world consumed 40.1 gigawatts of batteries in 2013, with the vast majority being used to power small electronic devices.
Navigant's report, "Advanced Battery Tracker 2Q14," identifies developments and trends in the advanced batteries market by tracking shipments of batteries around the world in 2013.
An Executive Summary of the report is available for free download on the Navigant website.