Lux Research: Next-Generation battery market beyond Li-ion will reach USD 10 billion in 2030

Lux Research forecasts Lithium-sulfur and solid-state batteries to reach 4 percent respectively 2 percent market share in 2030 in transportation
Lux Research forecasts Lithium-sulfur and solid-state batteries to reach 4 percent respectively 2 percent market share in 2030 in transportation

Lithium-ion (Li-ion) batteries have led to revolutions in consumer electronics, electric vehicles, and grid storage, but still face limitations in cost and performance. While incremental improvements will extend their dominance into the next decade, a new generation of battery technologies are rising and will be worth USD 10 billion by 2030, according to Lux Research (Boston, MA, U.S.).

“Next-generation battery developers are pursuing technology improvements and mass-production scale-up, though incumbent Li-ion is still improving quickly, thanks to massive investments,” said Cosmin Laslau, Lux Research Senior Analyst and lead author of the report titled, “The Next-Generation Battery Roadmap: Quantifying How Solid-State, Lithium-Sulfur, and Other Batteries Will Emerge After 2020.”

“Companies with an important stake in the battery market should invest in next-generation batteries as well as advances in Li-ion, to make sure they maintain a strong position as the technology mix shifts,” he added.

Lux Research analysts created an adoption roadmap for next-generation batteries, quantifying the market for each technology, and ranking emerging battery developers on the proprietary Lux Innovation Grid.

Next-generation batteries will see explosive growth after 2030: Lithium-sulfur will jump from USD 6 billion in 2030 to USD 29 billion in 2035, while solid-state batteries will climb from USD 3 billion to USD 42 billion over the same period.

 

2015-12-02 | Courtesy: Lux Research | solarserver.com © Heindl Server GmbH

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