Lithium-ion
(Li-ion) has become the dominant rechargeable battery chemistry for consumer electronics
devices and is poised to become commonplace for industrial, transportation and power-storage
applications. This chemistry is different from previously popular rechargeable
battery chemistries (e.g., nickel metal hydride, nickel cadmium and lead acid) in
a number of ways. From a technological standpoint, because of high energy
density, the demand for Li-ion rechargeable batteries has been driven by the
rapid growth of electronic portable equipment, such as cellular phones, laptops
and digital cameras. In addition, market demand has been boosted by the
expectation that rechargeable batteries will play a large role in alternative
energy technology, as well as in electric bikes (e-bikes), electric vehicles (EVs),
hybrid vehicles, and plug-in hybrid electric vehicles (PHEVs), and stationary
energy storage applications such as medical, telecommunication, solar power
storage, unmanned vehicles, remote stations, telecom sector, data center and remote
location batteries.
STUDY GOALS AND OBJECTIVES
This
study focuses on rechargeable Li-ion batteries, providing market data about the
size and growth of the battery application segments and new developments, and
it includes a detailed patent analysis, company profiles and industry trends. The
goal of this report is to provide a detailed and comprehensive multi-client
study of the market in North America, Europe, Japan, China, India, Korea and
the rest of the world (ROW) for these batteries and potential business
opportunities.
The
objectives include thorough coverage of the underlying economic issues driving the
use of the rechargeable Li-ion battery, as well as assessments of new advanced
batteries that are being developed. Another important objective is to provide
realistic market data and forecasts. This report provides the most thorough and
up-to-date assessment that can be found anywhere on the subject. The study also
provides extensive quantification of the many important facets of market
developments in rechargeable Li-ion batteries all over the world. This, in
turn, contributes to the determination of strategic responses which companies
may adopt in order to compete in this dynamic market.
This report focuses on three
market segments for Li-ion batteries:
·
the
stationary/industrial market;
·
the
automotive market; and
·
the
consumer electronics market.
SCOPE AND FORMAT
Modern
Li-ion batteries hold more than twice as much energy by weight as the first
commercial versions sold by Sony in 1991 – and are ten times cheaper.
For
the stationary segment, users and manufacturers are looking for new waves of
opportunity in rechargeable Li-ion battery chemistries for higher energy
density in a given space for more run time.
The
reason for exploring this stationary/industrial market segment is to project the
growth of the market for stationary mega-scale lithium battery energy storage. Power
trading through a frequency regulation market is emerging as a mechanism for
preventing instability in the power grid that might result from the feed-in of
increasingly and widely used renewable energy sources, such as wind power and
photovoltaic generation.
For
automotives, the next five years will clearly be a transition period from the
petro-car to the electric car. This transition will feature an interesting
horse race between different lithium battery manufacturers offering cost
effective power solutions, ease of recharging, guaranteed long life and safety
of device or equipment where the battery is used.
The
reason for looking at the automotive market segment is to project demand for
rechargeable Li-ion batteries for efficient and eco-friendly vehicles. This is
linked to the depletion of fossil fuel and oil supply combined with global
warming, pollution and greenhouse gas emissions worldwide, which have resulted
in a growing demand for efficient and eco-friendly vehicles. Responding to this
need, governments of many nations provide various incentives for utilizing
electric vehicles, such as reduced electric taxi fares, tax benefits, and
subsidies for electric vehicle purchasers. Many parts of Europe have banned the
use of vehicles operated by conventional combustion engines within the public
transportation sector and are focusing on switching to electrical or hybrid
vehicles. Several commercial projects are underway as well.
In
the consumer electronics segment, Li-ion battery users and manufacturers are
looking for new opportunities in rechargeable ion battery chemistries for
higher energy density in a given space, for increased run time. In this segment, rapid growth in the use of Li-ion
rechargeable batteries in electronic portable equipment, such as cellular
phones, laptops and digital cameras is projected.
METHODOLOGY AND
INFORMATION SOURCES
The
research methodology was qualitative in nature and employed a triangulative
approach, which aids validity. Initially, a comprehensive and exhaustive search
of the literature on small-, medium- and large-format rechargeable Li-ion
batteries was conducted. These secondary sources included journals and related
books, trade literature, marketing literature, other product/promotional
literature, annual reports, analysts’ reports and other publications.
In
a second phase, a series of semi-structured, fact-finding email correspondence
was conducted with marketing executives, product sales engineers, international
sales managers, application engineers, and other personnel of small- to large-format
rechargeable Li-ion battery companies.
Finally,
the market and company data obtained were fine-tuned on the basis of formal and
informal telephone interviews/email correspondence with suppliers, design
engineers, consulting companies, other technical experts, government officials
and trade association officials, as well as the personnel of the vehicle
battery user companies.
INFORMATION SOURCES
Initially,
a comprehensive and exhaustive search of the literature was conducted on small-
to large-format Li-ion rechargeable batteries used in the targeted market
segments (stationary/industrial, automotive and consumer electronics). These
sources included the latest press releases on company websites with news on the
company, applications, marketing and products, as well as brochures, product
literature and technical journals.
Other
sources included reports published on websites of institutes such as the Laboratoire
de Reactivite et Chimie des Solides, University de Picardie Jules Verne (LRCS),
University of Texas and Michigan State University. Proceedings at the Advanced Automotive
Battery Conference (AABC) Europe 2016 also were used as sources, along with
reports published by the Electric Power Research Institute (EPRI), the National
Renewable Energy Laboratory (NREL), the U.S. Joint Center for Energy Storage
Research (JCESR), the Electric Drive Transportation Association (EDTA), and
articles published on the subject in the Journal
of Power Sources, Technology Review, Spectrum and Nature. Materials and information also were drawn from leading
associations such as the European Association of Advanced Rechargeable
Batteries, the Korean Battery Industry Association, the New Energy and
Industrial Technology Development Organization (NEDO), and the International Energy
Agency (IEA). Stationary applications in grid-scale lithium battery energy
storage systems for bulk energy storage, as well as the grid stabilization
market, also were researched. This included government policy documents related
to promoting solar energy storage and other renewable power storage systems
already working successfully around the world. Also studied were websites and
literature of more than fifty custom battery makers supplying medium-sized
lithium battery energy storage modules for powering telecom towers, power
tools, data centers and remote location battery applications internationally.
Annual
reports of leading companies like LG Chem, Panasonic Corp., Saft Groupe S.A., SAMSUNG,
Sony Corporation and Tesla, Inc., wee rich sources of information on production
and the market status of Li-ion rechargeable batteries. Subsequent analysis of the documents and
interview notes was iterative
For
this report, there were wide variations in the market data in the available
literature that analyzes the battery market as a whole. Even with the data that do exist, the
challenge was to identify the small- to large-format rechargeable batteries
used in the three targeted market segments and evaluate how these fit into the
overall market for batteries. An extensive patent analysis was conducted to
gauge technological innovation and to determine research activity as applied to
this particular battery space.
The
second phase of the study involved formal and informal telephone
interviews/email correspondence with personnel in all areas of the three
targeted battery markets. Suppliers,
design engineers, consulting companies, other technical experts, government
officials and trade association officials were also interviewed.
All
results were cross-correlated and tested for reasonableness. In addition, the
thorough and appropriate use of statistical analysis techniques insured that
the conclusions drawn from this report accurately represent the surveyed
markets. The author of this report believes that this thorough and detailed
data gathering, together with the use of sophisticated statistical analysis,
has yielded a high degree of accuracy.
CONTRIBUTIONS OF THE STUDY
Current
battery technologies are limited, making plug-in hybrid or all-electric cars
prohibitively costly and insufficient to meet consumer demands. Long-term,
fundamental research in electrical energy storage will be needed to accelerate
the pace of scientific discoveries and to see transformational advances that
bridge the gaps in cost and performance, separating the current technologies
and those required for future utility and transportation needs.
Medium-sized
energy storage modules using Li-ion batteries for powering telecom towers,
power tools, data centers and remote location battery applications have been
highlighted, with construction details.
Industry dynamics, alliances and sales agreements between cell
manufacturers and electric carmakers/OEMs impacting the market place are a
special focus. Current markets and market potential across North America,
Europe, Japan, China, Korea and the rest of the world have been quantified.
TO WHOM THE STUDY CATERS
This
report will be of interest to:
- firms in the rechargeable Li-ion
battery power space who want to understand the next wave of opportunities
and how the new technology will impact them in the future; and
- advanced materials,
components and sub-contract manufacturing companies who need to analyze
the potential for selling their products and services into the rechargeable
Li-ion battery market.
The
report will be of great value to manufacturers and users of small-format Li-ion
batteries for use in consumer electronics and the stationary/industrial sectors,
and large-format rechargeable lithium batteries for use in vehicles.
The
study would benefit existing OEMs of small-format lithium batteries, especially
for information on recent technology developments and existing barriers.
Therefore, audiences for this study include marketing executives, business unit
managers and other decision makers in the small-format lithium batteries market
domain.
The
study also would benefit existing OEMs of large format rechargeable lithium batteries
and new entrants intending to enter into partnership with OEMs of PHEVs and
xEVs, with recent technology developments and existing barriers to competition.
Longer run times and slower drain rates, higher capacity at lower prices, and
increasingly enhanced power capabilities are key developments.
The
study would benefit battery energy storage system consultants, battery makers,
battery management system (BMS) suppliers and energy management software (EMS) developers,
with insights into the current status and market potential of grid-scale
lithium battery energy storage systems for bulk energy storage as well as participants
in the grid stabilization market. The study also yields insights into the
current market size and growth pattern of medium-sized lithium battery energy
storage modules for powering telecom towers, power tools, data centers and
remote location battery applications.
This
report also would benefit battery parts manufacturers and assembly experts in
partnership with battery manufacturers.
This
report is directed to companies that are interested in developments in this
field, such as
·
establishments
involved in incinerator development and manufacturing;
·
renewable
energy technology suppliers and consultants, energy systems engineers,
developers of energy infrastructure projects;
·
producers
and suppliers of boiler plant equipment;
·
manufacturers
and suppliers of systems and subsystems which incorporate waste recycling;
·
builders
and integrators of wastewater treatment technologies;
·
investment
institutions involved in the financing of energy resource and environmental
solution projects;
·
renewable
technology research companies and institutions; and
·
major
energy utility companies interested in diversification.
REPORT SUMMARY
Demand
for lithium-ion (Li-ion) rechargeable batteries has been driven by the rapid
growth in the use of electronic portable equipment. It is estimated that in 2017,
66% of the batteries used in consumer products such as mobile phones, digital cameras,
laptops, tablet PCs, and power tools were lithium rechargeable batteries. Lithium is fast replacing nickel-metal
hydride (Ni-Mh) and nickel-cadmium (Ni-Cd) batteries for powering consumer
electronics.
Growing
demand for efficient and eco-friendly vehicles is linked to the depletion of
fossil fuel and oil supplies combined with global warming, pollution and
greenhouse gas emissions. As a result, governments of many nations provide
various incentives for utilizing electric vehicles. These include reduced
electric taxi fares, tax benefits, and subsidies for electric vehicle
purchasers. Many parts of Europe have banned the use of vehicles operated by
conventional combustion engines within the public transportation sectors and
are focusing on switching to electrical or hybrid vehicles. Several commercial
projects are underway as well.
A
key driver of growth for the market in stationary mega-scale lithium battery
energy storage is the emergence of power trading through a frequency regulation
market as a mechanism for preventing instability in the power grid. Such instability results from the feed-in of
renewable energy sources, such as wind power and photovoltaic generation, which
are used with increasing frequency.
The
overall market for rechargeable Li-ion batteries is estimated to have reached
$24 billion in 2017 and is estimated to reach $70 billion by 2022 with a
combined annual growth rate of 24%.
MARKET ESTIMATE FOR RECHARGEABLE LITHIUM
BATTERIES, 2017-2022 ($ MILLIONS)
|
2017
$ Mil
|
2022
$ Mil
|
CAGR
2017-’22
(%)
|
Market
|
$24,194
|
$70,323
|
23.85
|
The
largest market is for Consumer Electronics in 2016 and 2017, which is a matured
market segment and its grow rate is the lowest. The automotive segment is the
fastest growing segment which will take over the Electronics Consumer market by
2020. The stationary and industrial segment will have a high growth of 22.2 %
from 2016 to 2022.
Price:
|
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copy onwards.
|
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|
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Location)
|
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|
Contact 203-569-7909
for faster service
Published:
May 2018
|
Report
ID: EN-109
|
Pages: 174
|
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