Large and Advanced Battery Technology and Markets
Report Highlights
The global market for large and advanced batteries should grow from $64.1 billion in 2019 to $109.9 billion by 2024 with a compound annual growth rate (CAGR) of 11.4% for the period of 2019-2024.
Report Includes
- 52 data tables and 21 additional tables
- An overview of the market for large and advanced battery technology, with discussion of first-generation, next-generation, specialty, and developmental systems
- Analyses of the global market trends, with data from 2018, 2019 with projection of CAGR during 2024
- Highlights of current and future market potential and a detailed analysis of the competitive environment, regulatory scenario, and drivers, challenges, and trends affecting market growth
- Definitions of 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)
- Evaluation of current market size, market forecast, and market share analysis of the leading suppliers of the industry
- Comprehensive profiles of major players in the industry, including A123 Systems, Ambri, East Penn Manufacturing Co., General Motors, K2 Energy and Toshiba Corp.
Report Scope
This report begins with a discussion of general battery technology. The following categories 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.
- Emerging 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 markets are considered in this report:
- Motive power: passenger vehicles, other ground and marine transport, and aviation.
- Portable product power: personal electronics, hand tools and lawn care products, portable military/aerospace devices.
- Stationary power: uninterruptible power supplies, emergency lighting, battery electricity storage
- Emerging military and aerospace applications.
This report aims to define these market sectors, and will identify leading companies and analyze the markets (including a five-year market forecast). Finally, large-and advanced-battery companies are outlined in the Company Profiles chapter.
Frequently Asked Questions (FAQs)
Analyst Credentials
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
Report Highlights
The global large-and-advanced battery market totaled nearly $23.7 billion in 2014 and is projected to approach $30.9 billion by 2019, registering a compound annual growth rate (CAGR) of 5.5% through 2019.
Report Includes
- 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 2013, 2014, and projections of compound annual growth rates (CAGRs) through 2019.
- Definitions of 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).
- A detailed look at the market's dynamics including market drivers, restraints, and opportunities.
- Comprehensive profiles of major players in the industry.
Report Highlights
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.
Report Includes
- 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.
Report Highlights
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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.
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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.
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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.
Report Highlights
- 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.
Report Highlights
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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%.
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The market is expected to reach $4.5 billion in 2008.
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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.
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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.
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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.
Report Highlights
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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.
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Utility load leveling batteries could grow to an annual $15 million market by 2010.
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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.
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Average annual large-and-advanced U.S. lithium-ion battery sales are currently $350 million and will balloon to over $835 million in 2005.