Next-Gen Battery Capacity Expected To Growth 1,000X Past Times 2023
H5N1 recent study from Navigant Research analyzes the global marketplace for next-generation advanced batteries, alongside a focus on the electrical current leading battery chemistry, lithium ion, in addition to the unloose energy storage device types that powerfulness eventually supersede it.
While lithium ion (Li-ion) batteries offering many advantages over traditional battery technologies, interrogation in addition to evolution of novel battery chemistries that, inwards many ways, surpass Li-ion is advancing chop-chop in addition to is expected to convey a major touching on on the battery manufacture inwards the coming years. These novel chemistries are anticipated to enable fifty-fifty to a greater extent than applications for batteries, hence increasing the overall size of the battery market. Click to tweet: According to a recent study from Navigant Research, the full worldwide capacity of advanced batteries is expected to grow from 30.4 megawatt-hours (MWh) inwards 2014 to to a greater extent than than 28,000 MWh inwards 2023.
“The limitations to Li-ion, including input costs, security issues, in addition to materials scarcity, could larn out it vulnerable to novel chemistries that solve some or all of those problems,” says Sam Jaffe, main interrogation analyst alongside Navigant Research. “Although nigh of the chemistries explored inwards this study are solely at laboratory-scale production levels today, they could reshape the marketplace for advanced batteries inwards the side past times side 10 years.”
Important emerging battery chemistries include ultracapacitors, lithium sulfur, magnesium ion, company electrolyte, next-generation flow, in addition to metal-air. Their advent is occurring inwards the context of an enormous increase inwards the world’s appetite for advanced unloose energy storage devices, according to the report: Navigant Research expects that overall battery demand is expected to increase from around 66.2 GWh inwards 2014 to greater than 225.3 GWh inwards 2023.
