The Li-ion battery (LIB) market is now mature and ready for significant growth, especially thanks to electric vehicles. How will this impact very different industries like consumer electronics and electric mobility?
Li-ion batteries (LIB) have become an important part of our lives, with an increasingly important part of our daily routine revolving around smartphone/tablet charging needs. The 8% year-on-year decrease in battery costs has gradually opened up portable electronics markets that simply did not exist a decade ago. The next logical step is large-scale vehicle electrification. IDTechEx has been following electric vehicles from their very inception and it is clear that we will witness a revolution in the transport sector sooner than we think. Some European countries have already established diesel and petrol phase-outs, and an avalanche effect is to be expected from other countries by the end of 2018.
On the materials development side, the trend is towards faster, safer and more energy-dense batteries. These three factors are at odds with each other, meaning that battery makers will only adopt certain electrode or electrolyte chemistries once all of the underlying problems have been solved. This is the case of sulphur cathode and solid-state electrolytes, but also silicon-dominant anode materials.
In terms of manufacturing, there is a strong uncertainty over the reliable supply of some raw materials, like lithium and cobalt; others like graphite are experiencing a shift from natural to synthetic sources. After years of dominance in battery manufacturing by Japan and Korea, China is now leading in terms of added production capacity, with some companies claiming to be able to manufacture up to 100 GWh/year within the next few years. Finally, there are many more interesting markets beyond the automotive sector, such as medical devices, Internet of Things, wearables, and niche sector like industrial vehicles, mining vehicles, drones, and marine vessels. Each market has different performance specifications, and LIBs will adapt to each case scenario.
All the topics mentioned above will be covered by IDTechEx analyst Dr Lorenzo Grande in this dedicated forum on Li-ion batteries. The seminar will include:
Please join IDTechEx Analysts for lunch and networking from 13:00-14:00
Timings and the agenda are subject to change
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