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Published on August 12th, 2015 | by James Ayre


Report: Declining Costs Of Lithium-Ion Batteries To Boost Transportation Sector Through 2019

August 12th, 2015 by  

Originally published on EV Obsession.

The transportation sector of the global lithium-ion battery market will be boosted to a fair degree by declining lithium-ion battery costs through the year 2019, according to a new report from Technavio.

The new report — titled Global Li-ion Battery Market in Transportation Sector 2015-2019 — predicts that the compound annual growth rate for the global lithium-ion battery market in the transportation sector for 2015–2019 will be higher than 21%.

technavio-logoThe new report from Technavio “highlights the rapid decrease in cost of lithium-ion batteries, which is driven by the increasing use of lithium-ion batteries in battery electric vehicles (BEVs), plug-in hybrids (PHEVs), HEVs, UPS systems, forklifts, consumer electronic devices, and backup power supplies.”

“With the decrease in cost of lithium-ion batteries, manufacturers will increasingly be able to leverage economies of scale with growth in market size and production scales,” noted Faisal Ghaus, Vice President of Technavio.

The new report + analysis from Technavio also puts a light on the (future) creation of next-gen batteries for various electronic devices and/or vehicles — which is primarily down to growing interest in, and demand for, high-performance lithium-ion batteries.

“The lithium-ion battery market is steadily shifting to high-energy silicon electrodes in place of conventional graphite ones, as these batteries offer long-lasting energy for laptops and EVs,” added Ghaus.

“The report covers the present scenario and the growth prospects of the global Li-ion battery market for the transportation sector for the period 2015–2019. The market has been segmented on the basis of geography and application. Technavio’s report, Global Li-ion Battery Market for Transportation Sector 2015–2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.”

Interestingly, the report also (apparently) covers the subject of potential competition form aluminum batteries.

Those interested in more information on the report can find it here.

Image Credit: Technavio

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About the Author

's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy. You can follow his work on Google+.

  • mike_dyke

    Is this going to cause the number of battery calculations to change?

    It’s basically the UK highways commission officially testing wireless recharging of EVs on public roads over the next few years.

    • Bob_Wallace

      Possibly. I’m not too optimistic about the math working for in-road charging but we should evaluate it.

      It seems to me that the cost of installing and maintaining the system would be high and with the rapidly dropping cost of batteries it would be hard to compete.

      It would take decades(?) to wire roads. We’ve already got long range EVs and superchargers. Wiring roads might turn out to be a good idea that emerged too late.

      The one use might be to create a few wired routes for large trucks and buses. I think South Korea is experimenting with 15 miles of wired roads for a couple of buses. IIRC they wired 10% of the route, buses charge up enough to drive the other 90% with batteries.

      • mike_dyke

        I can see one use for it – When all cars are EV’s you’re going to need a lot of charging points and this would be a way of charging many cars at once without them having to queue up or move around to find a working charger.

  • Marion Meads

    Great, another very long read telling about the decline of the costs without stating anything about it such as the average prices per unit capacity and their projections. And to know more, maybe, the prices, click here and then cough up $3,500 for single user and $5,000 for corporate. Nice, really nice.

    • Yeah… well, you have to get something to justify paying for the report. And I imagine that’s the biggest carrot.

      • eveee

        Did you notice Tesla’s conspicuous absence from the list? Given they may be half the worlds supply next year, thats a glaring omission. I think I agree with Marion. I would bargain for half price. 🙂

        • Joseph Dubeau

          Panasonic is on the list.

          • eveee

            My bad. Thats how they get in, perhaps.

          • No way

            Remember that Tesla don’t produce any batteries and has not shown any indication that they will produce any batteries anytime soon.
            (no, the Gigafactory is not Tesla producing batteries but Panasonic, and maybe some other battery company, inside a Tesla owned building)

          • Jacob

            Do you know the difference between a cell and a battery.

          • Bob_Wallace

            A battery can be either a cell or a group of cells in a battery pack.

            The language is very loose, not like scientific terminology.

          • No way

            On a original meaning technicality you could call the assembly of packs from someone elses batteries of cells that Tesla do for “battery manufacturing”. But it’s not the current meaning and even the cell manufacturers often call single cells batteries. 🙂

    • Brett

      Nonsense! If you pre-order you get 20% off! That’s ….. only…..*carry the 7, divided by pi…mmm pie…*… $2,800! An absolute steal!

      • I’ll take two 🙂

      • eveee

        But wait, theres more, It comes with steak knives, free.

    • Ivor O’Connor

      was not a “very long read”

      • nakedChimp

        come on, the content could have been told in 3 sentences..

        • Ivor O’Connor

          Maybe you could but you don’t go around with clothe on either! I was happy for a quick easy to read article that didn’t leave me lost.

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