Shipments of Advanced Batteries in 2014 Amounted to 53.3 GWh
December 28, 2015 | Navigant ResearchEstimated reading time: 1 minute
A new report from Navigant Research details global shipments of advanced batteries, including documentation on energy capacity, power capacity, cells shipped, and revenue, in 2014.
With increased sales of consumer electronics, particularly smart phones, plus growing interest in plug-in electric vehicles (PEVs) and grid management, demand for advanced batteries continues to rise. Between 2013 and 2014, the industry’s growth rate increased 12.8 percent in terms of energy capacity and 7.1 percent in terms of revenue. According to a new report from Navigant Research, in 2014, the advanced batteries industry shipped 53.3 GWh of batteries, representing more than seven billion individual battery cells and more than $14 billion in sales.
“While the consumer electronics segment saw tepid growth in 2014, the vehicle electrification and grid energy storage sectors experienced significant increases in energy capacity and associated revenue,” says William Tokash, senior research analyst with Navigant Research. “The advanced batteries industry remains in growth mode, and the majority of its products are manufactured in China and shipped around the world.”
As far as battery chemistries, lithium ion (Li-ion) continues to be primarily used in consumer electronics, automotive electrification applications, and grid-energy storage, according to the report. The only major application segment with penetration by other chemistries is grid energy storage, where some systems utilize flow batteries, advanced lead-acid, and sodium-metal halide batteries.
Suggested Items
NextFlex Announces 2024 Fellows Awards for Five Outstanding Recipients
03/29/2024 | BUSINESS WIRENextFlex, America's Hybrid Electronics Manufacturing Institute, presented the annual NextFlex Fellow Awards to five deserving individuals in recognition of their exceptional commitment to advanced manufacturing and the additive hybrid electronics member community.
Altair SimSolid Transforms Simulation for Electronics Industry
03/29/2024 | AltairAltair, a global leader in computational intelligence, announced the upcoming release of Altair SimSolid for electronics, bringing game-changing fast, easy, and precise multi-physics scenario exploration for electronics, from chips, PCBs, and ICs to full system design.
IMI Taps New Opportunities to Sustain Grit in China
03/28/2024 | IMIIntegrated Micro-Electronics, Inc. (IMI), Joey S. Bantatua, IMI China’s head of operations and general manager was recently interviewed by Asia Electronics Industry (AEI) magazine where he talked about the prospects of the country both as a market and a production hub.
Kimball Electronics Publishes Annual Sustainability Disclosures with its 2023 Guiding Principles Report
03/28/2024 | BUSINESS WIREKimball Electronics, Inc. published its annual sustainability disclosures in its 2023 Guiding Principles Report, themed “How We Are Winning Together The Kimball Way.”
iNEMI Webinar: Humidity Robustness and Insulation Coordination for e-Mobility
03/27/2024 | iNEMIThis webinar is a follow-up to the recent Seminar on Humidity Robustness and Insulation Coordination for e-Mobility, organized by iNEMI and ZESTRON Europe and supported by the ECPE.