Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button


DHgate

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

Diamonds closer to becoming ideal semiconductors: Researchers find new method for doping single crystals of diamond May 25th, 2016

Light can 'heal' defects in new solar cell materials: Defects in some new electronic materials can be removed by making ions move under illumination May 24th, 2016

Attosecond physics: A switch for light-wave electronics May 24th, 2016

Supercrystals with new architecture can enhance drug synthesis May 24th, 2016

Energy

Light can 'heal' defects in new solar cell materials: Defects in some new electronic materials can be removed by making ions move under illumination May 24th, 2016

Technique improves the efficacy of fuel cells: Research demonstrates a new phase transition from metal to ionic conductor May 18th, 2016

This 'nanocavity' may improve ultrathin solar panels, video cameras and more May 16th, 2016

New research shows how silver could be the key to gold-standard flexible gadgets: Silver nanowires are an ideal material for current and future flexible touch-screen technologies May 13th, 2016

Automotive/Transportation

Technique improves the efficacy of fuel cells: Research demonstrates a new phase transition from metal to ionic conductor May 18th, 2016

A View Through Wood Shows Futuristic Applications: Transparent wood made at UMD could create new windows, cars and solar panels May 5th, 2016

Speedy ion conduction in solid electrolytes clears road for advanced energy devices May 5th, 2016

New spin Seebeck thermoelectric device with higher conversion efficiency created April 26th, 2016

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

Distance wireless charging enhanced by magnetic metamaterials: A metamaterial shell is capable of multiplying transmission efficiency several times over May 13th, 2016

Abalonyx launches Reduced Graphene Oxide Product: Abalonyx has successfully scaled up production of thermally reduced graphene oxide (rGO) in its Tofte, Norway, production facility. This product is now offered to customers in Kg-quantities May 10th, 2016

Visualizing the Lithiation of a Nanosized Iron-Oxide Material in Real Time: Electron microscopy technique reveals the reaction pathways that emerge as lithium ions are added to magnetite nanoparticles May 9th, 2016

Speedy ion conduction in solid electrolytes clears road for advanced energy devices May 5th, 2016

Fuel Cells

Technique improves the efficacy of fuel cells: Research demonstrates a new phase transition from metal to ionic conductor May 18th, 2016

Ruthenium nanoframes open the doors to better catalysts April 4th, 2016

Saving sunshine for a rainy day: New catalyst offers efficient storage of green energy: Team led by U of T Engineering designs world's most efficient catalyst for storing energy as hydrogen by splitting water molecules March 28th, 2016

Carbon leads the way in clean energy: Groundbreaking research at Griffith University is leading the way in clean energy, with the use of carbon as a way to deliver energy using hydrogen March 23rd, 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