Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Energy Storage Fully Charged to Drive a $44 Billion Market

Abstract:
The momentum behind emerging power storage technologies will drive a 15.7% compound annual growth rate (CAGR) through 2015, says Lux Research.

Energy Storage Fully Charged to Drive a $44 Billion Market

New York, NY | Posted on March 31st, 2010

With virtually every major automaker planning an electric vehicle launch, and governments worldwide funneling billions of dollars into smart grid technologies, the prospects for energy storage technologies are getting lots of attention. Now the potential has been quantified: The market for batteries, supercapacitors and fuel cells targeting transportation and smart grid applications will more than double from $21.4 billion in 2010 to $44.4 billion in 2015, according to a new report from Lux Research.

Although this growth spells opportunity for corporations, investors and utilities, it's not always clear where the hottest opportunities lie. In its report, titled "Emerging Technologies Power a $44 Billion Opportunity for Transportation and Grid," Lux Research analyzes the prospects for several technologies, including batteries, supercapacitors, fuel cells in transportation and storage, distributed generation, and transmission and distribution technologies on the power grid.

"Policy-makers, auto manufacturers and the media have locked their attention on battery technologies for plug-in and electric vehicles," said Jacob E. Grose, an analyst for Lux Research, and the report's lead author. "But in fact e-bikes and scooters will drive the biggest growth for these batteries in the next five years."

In analyzing prospects for each technology, Lux Research combined rigorous bottom-up and top down analysis, and conducted interviews with hundreds of companies developing technologies for transportation and the power grid. Among the report's key findings:

* Big opportunities in transportation ride on two wheels, not four. Electric vehicle storage technology markets will nearly double from $7.7 billion in 2010 to $14.5 billion in 2015, a CAGR of 13.5%. Surprisingly, markets for electronic bike (e-bike) and scooter batteries will lead the charge, growing from $6.4 billion this year to $10.9 billion in 2015, a CAGR of 11%.

* Lead-acid batteries dominate transportation markets, but Li-ion technology is rapidly growing. Lead-acid batteries will drive 93% of China's e-bikes in 2010, and dominate the micro-hybrid automotive market. However, lithium-ion (Li-ion) batteries in e-bikes are growing fast, and have gained further momentum from plug-in and electric vehicles. The upshot: With a compound annual growth rate (CAGR) of 22% through 2015, Li-ion battery markets are growing almost three times faster than those for lead-acid.

* In the power grid segment, the smart plays are in the smart grid. Markets for emerging technologies in the power grid will skyrocket from $13.7 billion in 2010 to $30 billion in 2015, a CAGR of 17%. Here the largest market is the smart-grid, which will grow at an explosive CAGR of 23%, from $5.4 billion this year to $15.8 billion in 2015.

"Emerging Technologies Power a $44 Billion Opportunity for Transportation and Grid," is part of the Lux Alternative Power and Energy Storage Intelligence service. Clients subscribing to this service receive ongoing research on market and technology trends, continuous technology scouting reports and proprietary data points in the weekly Lux Research Power Journal, and on-demand inquiry with Lux Research analysts.

For more information, visit info.luxresearchinc.com/ or email

####

About Lux Research
Lux Research provides strategic advice and on-going intelligence for emerging technologies. Leaders in business, finance, and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and extensive global network, we deliver insight, connections, and competitive advantage to our clients.

For more information, please click here

Contacts:
Carole Jacques

Copyright © Lux Research

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Announcements

Picosun patents ALD nanolaminate to prevent electronics from overheating September 28th, 2016

Leti and Taiwanese Tech Organizations Sponsoring Workshop in Taipei on MEMS, IoT, Smart Lighting Applications, System Reliability & Security September 28th, 2016

Fighting cancer with sticky nanoparticles September 27th, 2016

Gold nanoparticles conjugated quercetin inhibits epithelial-mesenchymal transition, angiogenesis and invasiveness via EGFR/VEGFR-2 mediated pathway in breast cancer September 27th, 2016

Energy

Crystalline Fault Lines Provide Pathway for Solar Cell Current: New tomographic AFM imaging technique reveals that microstructural defects, generally thought to be detrimental, actually improve conductivity in cadmium telluride solar cells September 26th, 2016

Researchers at the Catalan Institute of Nanoscience and Nanotechnology show that bending semiconductors generates electricity September 26th, 2016

Semiconducting inorganic double helix: New flexible semiconductor for electronics, solar technology and photo catalysis September 15th, 2016

New perovskite research discoveries may lead to solar cell, LED advances September 12th, 2016

Automotive/Transportation

Carbon-coated iron catalyst structure could lead to more-active fuel cells September 15th, 2016

GLOBALFOUNDRIES Launches Embedded MRAM on 22FDX Platform: High-performance embedded non-volatile memory solution is ideally suited for emerging applications in advanced IoT and automotive September 15th, 2016

GLOBALFOUNDRIES Extends FDX Roadmap with 12nm FD-SOI Technology: 12FDXTM delivers full-node scaling, ultra-low power, and software-controlled performance on demand September 8th, 2016

Imperial College use Kleindiek micromanipulators in their research into electrochemical energy devices September 6th, 2016

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage

Picosun patents ALD nanolaminate to prevent electronics from overheating September 28th, 2016

Semiconducting inorganic double helix: New flexible semiconductor for electronics, solar technology and photo catalysis September 15th, 2016

Researchers design solids that control heat with spinning superatoms: Carnegie Mellon University and Columbia University collaborators discover the cause of vastly different thermal conductivities in superatomic structural analogues September 8th, 2016

Fish 'biowaste' converted to piezoelectric energy harvesters: Jadavpur University researchers in India devised a way to recycle fish byproducts into an energy harvester for self-powered electronics September 8th, 2016

Fuel Cells

Carbon-coated iron catalyst structure could lead to more-active fuel cells September 15th, 2016

Imperial College use Kleindiek micromanipulators in their research into electrochemical energy devices September 6th, 2016

Iowa State engineers treat printed graphene with lasers to enable paper electronics September 2nd, 2016

Researchers reduce expensive noble metals for fuel cell reactions August 22nd, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic