Market Snapshot: Advanced Batteries

Today, batteries are used to power a broad array of products ranging from everyday personal electronics and medical devices to commercial and military electric vehicles, unmanned systems, and aviation engines.

BCC Research reports that the global large-and-advanced battery market totaled nearly $23.7 billion in 2014 and is projected to approach $30.9 billion by 2019, registering a compound annual growth rate (CAGR) of 5.5% through 2019. The global market for lithium batteries totaled $5.9 billion in 2010. The market should reach $10.6 billion in 2015 and $13.3 billion in 2020, demonstrating a CAGR of 4.5% from 2015 to 2020. The global market for advanced battery and fuel cell materials reached $22.7 billion in 2016 and should reach $32.8 billion by 2022, growing at a CAGR of 7.6% from 2017 to 2022.

MarketsandMarkets reports that growth in the lithium-ion battery market is driven by the increase in demand for electric vehicles, strict government mandates on fuel economy, growing demand for smart devices and other consumer electronics, and development toward enhancement of lithium ion batteries. They go on to note that the lithium ion battery ecosystem covers the manufacturing of components, manufacturing and assembly of cells, module and pack manufacturing, system designing, and distribution. The key players involved in the development of lithium ion battery systems include BYD Co. Ltd. (China), LG Chem Ltd. (South Korea), Panasonic Corporation (Japan), Samsung SDI Co., Ltd. (South Korea), and BAK Group (China), among others, as well as associations such as the International Battery Association and Energy Storage Association.

In terms of the future of battery technology, Frost & Sullivan reports that the three main issues that post lithium ion batteries must address are specific energy density, safety and cost. They go on to note that, theoretically, post lithium ion batteries have at least double the specific density compared to lithium ion batteries, and in terms of safety, the post lithium ion battery should have better safety due to less reactivity of its elements. BCC Research explores the future of battery technology in its coverage of sodium-ion batteries, which have sodium-ion charge carriers, and have recently gained commercialization status. This market is expected to grow at a CAGR of 23.9% from $420 million in 2017 to $1.2 billion during the forecast period of 2017 to 2022. The sodium-ion battery market is segmented on the basis of technologies, including sodium-sulfur batteries, sodium-salt batteries, sodium-ion batteries and sodium-oxygen batteries.

The Department of Energy provides extensive information on battery technology applications and initiatives and the Air Force, Navy, and Army are all actively working in this space. In September 2017 the Army Research Laboratory (ARL) introduced a new hydrophobic polymer gel coating that makes lithium-ion batteries safer. Other recent advancements include faster charging, increased capacity, and more environmentally-friendly materials. Be on the lookout for upcoming ways to network and learn more about opportunities in battery technology. The Battery Show is coming up in September 2018, and additional events are listed here.

Posted on Feb 14, 2018 by Eliza Gough

Developing Network Contacts (DevNC)

When you need to reach out...

There are times when you need to reach out to others – whether you are looking for potential customers, potential partners, or potential investors. But who should you call…and how do you address your fear of contacting them. The DevNC is a unique market research tool designed to provide you with between 25 and 30 Points of Contact (PoC). With each POC, information is included that provides insight about the person’s role. Depending on their position, other information commonly included relates to their background, articles that they have written, conference presentations and other pertinent information. This type of information enables you to customize your correspondence. Contact information is also included  – typically LinkedIn, email and phone number.

Competitor Analysis

Your customers know your competitors! Do you?

Maybe you believe that you don’t have any competition, but your customers know better! Their needs are being addressed now – perhaps not as well, but if there is a need, someone is providing a solution. Learn about the competition and be prepared to differentiate your solution from that of others. Dawnbreaker’s competitor analysis contrasts your competition on specifications, performance and price. Armed with this information we can help you create a compelling value proposition.

DoD Transition Information Packet (TIP)®

The Transition Information Packet (TIP) is a market research report specifically developed for small businesses working with the Department of Defense.

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The CMR provides our team with the greatest flexibility in addressing gaps in the information you need to refine your commercialization strategy. Based strictly on secondary literature, the market researcher can look for information that will help you understand changes in government regulations, market dynamics, emerging solutions, sources of funding, points of contact and other challenges you pose. Based on the information gathered, a business strategist will add comments throughout regarding the implications of the information for your strategy.

LICA Licensee Analysis®

Who will take the best care of your baby?

You’ve done a great job with your R&D. You’ve been careful to protect your intellectual property – but those next steps to bring the product to market seem out of reach. There’s too much competition, scale up would be too expensive – so you’ve decided to license-out your intellectual property. The challenge before you is to find the best licensee to bring your baby to market. Let us help you. We will profile organizations that frequently cite your patents and dig deeper to determine their financial health, technology and market synergies, and experience with licensing-in.

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Be wary of big numbers!

You’ve done a great job with your R&D. You’ve been careful to protect your intellectual property – but those next steps to bring the product to market seem out of reach. There’s too much competition, scale up would be too expensive – so you’ve decided to license-out your intellectual property. The challenge before you is to find the best licensee to bring your baby to market. Let us help you. We will profile organizations that frequently cite your patents and dig deeper to determine their financial health, technology and market synergies, and experience with licensing-in.