The Highly Innovative Battery Market Rolls Out Novel Solutions that are Customisable and Reliable
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1 The Highly Innovative Battery Market Rolls Out Novel Solutions that are Customisable and Reliable Research PREVIEW for the Implications of Mega Trends on Batteries
2 The Full Analysis Features the Following Content Section Slide Number Executive Summary 3 Mega Trends Influencing the Market for Batteries 8 Research Scope and Objectives 19 Definitions Used in the Study 23 Mega Trend 1 Connectivity and Convergence 27 Mega Trend 2 Smart is the New Green 43 Mega Trend 3 Future of Energy 59 Mega Trend 4 Health, Wellness, and Wellbeing 94 Conclusion 105 Appendix 109 2
3 Key Findings The global battery-based energy storage systems market is expected to reach $7 billion by 2020, with lithium-ion accounting for more than half of this revenue. A boom in wearable devices and the Internet of Things (IoT) is driving battery manufacturers to invest heavily in batteries that are flexible, thin, and stretchy. Curved, foldable, and pin-sized batteries are some good examples. Solid-state battery chemistries are becoming increasingly preferred for power miniature devices that require high energy density. Lithium-ion, the most sought after chemistry, is reaching its limits, thus, paving the way for advanced chemistries such as metal-air, flow batteries, and sodium sulphur. Strong growth in renewables is expected to drive the demand for storage, especially battery-based systems, both on the grid scale as well as on the residential scale. Revenues from grid-scale battery energy storage system (BESS) is expected to grow at a double digit CAGR of 34% from No down payment is emerging as the most popular business model for installing battery energy storage systems for commercial and industrial (C&I) customers. Integrated battery storage solution providers such as STEM, Sunverge, Green Charge Networks, and Solar City install, own, operate, and maintain these solutions at customer locations. In return, they split the difference in savings from peak demand charges with the end-user. 3
4 Emerging Battery Chemistries IoT, wearables, and the need for low-cost but safe and energy-dense batteries drive technological advances in new chemistries and form factors. Technological Advancements Emerging Chemistries Solid-state Battery Li-ion Lithium-air Lithium-sulphur Quick Charging Batteries Lead Acid (LAB) Advanced LAB* Foldable Battery Beyond Existing Battery Chemistries Metal-air Aluminum-air Zinc-air Sodium-air 3-Dimensional Electrode Emerging Sodium-ion *Advancements to lead acid battery is more of an enhancement to the existing product; usage of new materials is minimal. 4
5 Growth Attractiveness Assessed based on market attractiveness in terms of revenue/shipment Low High Top 10 Transformational Trends in Battery Space by 2020 Connected living in terms of connected home, work and city along with IoT and wearables will drive battery demand. Key Takeaway: While all Mega Trends are important, the selection and ranking of these trends indicate which shifts will have relevance in shaping the global evolutionary landscape. 8 Carbon Neutral Cities 10 7 Energy Harvesting 9 6 Remote Patient Monitoring 5 LTE/Wireless Communication 4 Wearable Computing 2 Sensorisation of Things 3 Smart Cities 1 Connected Living Rise of Personal Robotics Geosocialisation Key: LTE Long Term Evolution Minor Conservative Radical Impact on Future Products and Services Measured based on highest impact on future products and service capabilities, resulting in new convergent and radical devices 5
6 Energy Harvesting Operational Diagram Components Involved in Energy Harvesting, Global, 2015 Radio Frequency Thermoelectric Source Rechargeable Battery Solar Solar Interface Charger Thin-film Energy Storage Kinetic Electronic Circuitry with Protective Devices and Battery Management Systems (BMS) Capacitor Thermal Energy generated by harvesting kinetic sources needs a transducer that converts kinetic energy to electrical energy. This electrical energy is stored in batteries that are often in the form of coin cells, cylindrical cells, or thin-film batteries in case of embedded intelligent tags. Microbatteries are emerging as the technology to store the energy harvested through small sensors involved in IoT. 6
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