Large and Advanced Battery Technology and Markets
The global large-and-advanced battery market was worth $15.3 billion in 2009 and $16.7 billion in 2012. BCC projects a market of more than $21 billion by 2017, a compound annual growth rate (CAGR) of 4.6% between 2012 and 2017.
- An overview of the market for large and advanced battery technology, with discussion of first-generation, next-generation, specialty, and developmental systems.
- Analyses of market trends, with data from 2001 through 2012, and projections of compound annual growth rates (CAGRs) through 2017.
- Definitions of the various systems, such as first-generation (lead-acid, nickel-cadmium), next-generation (nickel-metal hydride, lithium-ion, lithium-polymer), specialty (silver-zinc secondary, silver-cadmium, nickel-hydrogen, nickel-zinc, metal-air), and developmental (sodium-sulfur, high-temperature lithium, redox and flow, nickel-iron, calcium-metal sulfide, sodium-metal chloride, lithium-sulfur).
- Identification of established markets, such as: motive power, portable product power, stationary power and hybrid electric vehicles.
This report begins with a discussion of general battery technology. The following kinds of large-and-advanced batteries are discussed:
- First-generation large-and-advanced battery systems.
- Lead-acid batteries.
- Nickel-cadmium batteries.
- Next-generation large-and-advanced battery systems.
- Nickel metal hydride batteries.
- Lithium-ion batteries.
- Lithium-polymer batteries.
- Specialty large-and-advanced battery systems.
- Silver-zinc secondary batteries.
- Silver-cadmium secondary batteries.
- Nickel-hydrogen secondary batteries.
- Nickel-zinc batteries.
- Metal-air batteries.
- Developmental large-and-advanced battery systems.
- Sodium-sulfur batteries.
- High-temperature lithium batteries.
- Redox and flow batteries.
- Nickel-iron batteries.
- Calcium-metal sulfide batteries.
- Sodium-metal chloride batteries.
- Lithium-sulfur batteries.
Next, the following established markets are considered in this report:
- Motive power: Traction, marine and aviation.
- Portable product power: Laptops, tablets, smartphones, hand tools and lawn care products, military/aerospace.
- Stationary power: Uninterruptible power supplies, emergency lighting, remote power, small-scale alternative energy storage.
- Hybrid electric vehicles.
Large-and-advanced batteries also will be used in the following developing markets:
- Plug-in vehicles.
- Utility load leveling and large-scale alternative energy storage.
- Developmental military/aerospace applications.
These market sectors are defined, leading companies are identified and the markets analyzed (including a five-year market forecast). Finally, large-and advanced-battery companies are outlined in the Company Profiles chapter.
Donald Saxman is an industry-recognized expert in gas separation and oil recovery through carbon dioxide injection. His experience in both markets and technologies for corrosion inhibitors, and industrial gas end uses informs his research. While working for Zellweger Analytics as a subcontractor to Boeing Aerospace, he was quality assurance manager for the design, manufacture and testing of an organic carbon monitor for the International Space Station and its water recycling system. Saxman has worked with BCC Research as analyst and author for more than 20 years, and his reports include market research on lithium batteries and solid oxide fuel cells. He holds a bachelor's degree in geology from the University of Indiana.
Large and advanced batteries represented an $8.2 billion global market in 2009. This market is projected to grow at a compound annual growth rate (CAGR) of 6% between 2009 and 2014, to nearly $11 billion, making it one of the largest and fastest-growing, technology-driven electrical/electronic sectors.
The HEV and PHEV battery market is expected to grow at a compound annual growth rate (CAGR) of 15% over the next 5 years, from $1.3 billion in 2009 to reach more than $2.6 billion in 2014.
The overall stationary market is expected to reach better than $3.1 billion by 2014, a compound annual growth rate (CAGR) of 5% from the 2009 value of $2.4 billion.
- The global market for large and advanced batteries increased from $8.4 billion in 2006 to $8.9 billion in 2007. It should reach $11.4 billion by 2012, a compound annual growth rate (CAGR) of 5.1%.
- Much of the market value and growth will be due to electric vehicle (hybrid and plug-in) and portable computer sales and development.
- The current battery technology dominating this market is nickel metal hydride. It is expected to play a dominant role through 2012 but lithium-ion technologies will become increasingly important, provided costs can be reduced and safety concerns addressed.
The U.S. market for large-and-advanced batteries was valued at $3.0 billion in 2003 and is growing at an average annual rate (AAGR) of 8.8%.
The market is expected to reach $4.5 billion in 2008.
The HEV/EV battery market is expected to grow at an AAGR of more than 50% to nearly $250 million in 2008. Nickel-metal hydride technologies dominate this market.
The $1,195 million 2003 portable computer battery market is expected to rise at an AAGR of 4.5% to reach $1.5 billion by 2008. Nickel-metal hydride battery sales will drop with lithium technologies rising.
The highest value large-and-advanced battery type is nonautomotive lead-acid. As defined, they represent an $881 million U.S. market, withboth traction and stationary applications being the largest sectors.
Large-and-advanced batteries represent a $2.2 billion market growing at an average annual rate of over 7%. Thereafter, as new applications develop, growth should accelerate, growing at an average annual rate of nearly 17% through 2010 to a total of $7.3 billion.
Utility load leveling batteries could grow to an annual $15 million market by 2010.
The U.S. uninterruptible power supply battery market is currently worth $400 million and is expected to grow to $540 million by 2005, and to $655 million by 2010.
Average annual large-and-advanced U.S. lithium-ion battery sales are currently $350 million and will balloon to over $835 million in 2005.