Originally published on Sustainnovate.
By Henry Lindon
A new report from the research firm IDTechEx argues that the electric bus market’s rapid growth could function as a “game changer” for the global battery market over the coming years.
Owing to the relatively large size of batteries used in electric buses — from around 75 kilowatt-hours (kWh) up to more than 300 kWh — fast growth could lead to the electric bus battery market surging to $30 billion by 2026, according to the report. And, perhaps more interestingly, to it surpassing the consumer electronics battery market as soon as 2019.
“We expect that this sector will alter the entire value chain for battery production from material suppliers, battery manufacturers through to original equipment manufacturers,” stated an IDTechEx rep in a recent press release.
As it currently stands, lithium iron phosphate (LFP) batteries — the most common type of battery produced in China — comprise more than 80% of the market, a marked difference from the consumer electric car market, or the the consumer electronics market. The report notes that this may change somewhat over the coming years as non-LFP battery technology improves — becoming safer, and with higher energy storage density. Much depends, however, on potential Chinese government intervention in the market.
Companies profiled in the report include: Yutong, BYD, Ankai, King Long, CSR Times Electric Vehicle Co., Dongfeng Motor Corporation, Sunwin Bus Corporation, Zhongtong , Hengtong, Proterra, Solaris, and Hybricon Bus System.
More on the report can be found here.
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Former Tesla Battery Expert Leading Lyten Into New Lithium-Sulfur Battery Era — Podcast:
I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...