Batteries are big business. According to the latest Advanced Battery Tracker from Navigant Research, more than 6 billion advanced battery cells were sold in 2013, representing 40 gigawatts of power capacity and more than $13.4 billion in sales (a modest increase over 2012’s $12.8 billion). The majority of these batteries were manufactured in China.
Most high-tech batteries (87%) went into consumer electronics, but the automotive segment accounted for about 10.5%, a steadily growing share.
Lithium-ion continues to be the dominant chemistry – more than 99% of advanced batteries shipped. The only major segment with significant penetration by other chemistries is stationary energy storage, in which some systems use flow, sodium metal halide, sodium sulfur, and aqueous sodium ion batteries.
The new Navigant report, aimed at battery manufacturers, electronics vendors, automotive OEMs and other industry players, identifies developments and trends in the advanced batteries market. It explains how demand for advanced batteries varies across the six major application segments, lists the top 10 battery vendors, and describes how the vendor landscape in each segment is changing.