Next-Generation Advanced Batteries Will Reach $9.4 Billion in Annual Revenue by 2023

摘要

The primary battery chemistry currently used for applications that require advanced batteries, lithium ion (Li-ion), has limitations that include input costs and materials scarcity. Research and development of new battery chemistries, beyond Li-ion, is advancing rapidly and will have a major impact on the battery industry in the coming years. According to a new report from Navigant Research, worldwide revenue from next-generation advanced batteries will grow from $182 million in 2014 to more than $9.4 billion in 2023.