Report: Advances in Battery Technology and Specialized Energy Storage Applications

Reading time ( words)

As the global market for energy storage devices grows, research surrounding advanced battery technology is emerging quickly and will have a significant impact on the industry. However, new business models and emerging applications call for improved battery design and power duration considerations. Improved electrochemical batteries are entering the market quicker than ever because of lower costs, better performance, and improved safety. According to a @NavigantRSRCH report, lithium-ion (Li-ion) batteries remain vulnerable to more robust technologies for specialized applications such as artificial intelligence, advanced electric vehicles, and materials handling equipment.

“Though Li-ion batteries have been the leading advanced battery chemistry for new projects in the past several years, other chemistries may encroach on its market share as new technological developments come to market,” says Ian McClenny, research analyst with Navigant. “The emergence of specialized batteries is dispelling the notion that one energy storage technology fits all applications.”

According to Navigant, analysis of roadmaps for battery technologies suggest flow, advanced lead-acid, and sodium-based battery technologies will be optimized for specialized applications requiring more energy, power, faster charging, and safety. The report recommends governments around the world take progressive steps to invest in advanced battery research by seeking out research laboratories to commercialize these technologies for emerging markets.



Suggested Items

Telecom (Compute and Storage) Infrastructure Market to Reach $16.35B in 2022

09/03/2018 | IDC
A new forecast from IDC sizes the market for compute and storage infrastructure for Telecoms at nearly $10.81 billion in 2017. However, as Telecoms aggressively build out their infrastructure, IDC projects this market to see a healthy five-year compound annual growth rate (CAGR) of 6.2% with purchases totaling $16.35 billion in 2022.

What’s Coming in 3D Printing Technology in 2018

12/27/2017 | Cullen Hilkene, 3Diligent
First, the arrival of extrusion metal printing. Today's extrusion printers are the most prevalent and, arguably, user-friendly 3D Printers in the market. Now, after years of there being zero metal extrusion printers, there will be two in the new year from Desktop Metal and Markforged. These technologies promise new materials and a higher degree of user friendliness for metal printing.

Global LED Market Expected to Record a CAGR of close to 17% until 2020

05/26/2016 | Business Wire
This research report titled ‘Global LED Market 2016-2020’ provides an in-depth analysis of market growth in terms of revenue and emerging market trends. The market size is calculated on the basis of revenue generated from four segments, including general lighting, backlighting, automotive lighting, and others.

Copyright © 2019 I-Connect007. All rights reserved.