The Highly Innovative Battery Market Rolls
Out Novel Solutions that are Customisable
and Reliable
Research PREVIEW for the
Implications of Mega Trends on Batteries
The Full Analysis Features the Following Content
Section
Slide Number
Executive Summary
3
Mega Trends Influencing the Market for Batteries
8
Research Scope and Objectives
19
Definitions Used in the Study
23
Mega Trend 1—Connectivity and Convergence
27
Mega Trend 2—Smart is the New Green
43
Mega Trend 3—Future of Energy
59
Mega Trend 4—Health, Wellness, and Wellbeing
94
Conclusion
105
Appendix
109
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Key Findings
The global battery-based energy storage systems market is expected to reach $7 billion by 2020, with
lithium-ion accounting for more than half of this revenue.
A boom in wearable devices and the Internet of Things (IoT) is driving battery manufacturers to invest
heavily in batteries that are flexible, thin, and stretchy. Curved, foldable, and pin-sized batteries are some
good examples. Solid-state battery chemistries are becoming increasingly preferred for power miniature
devices that require high energy density.
Lithium-ion, the most sought after chemistry, is reaching its limits, thus, paving the way for advanced
chemistries such as metal-air, flow batteries, and sodium sulphur.
Strong growth in renewables is expected to drive the demand for storage, especially battery-based
systems, both on the grid scale as well as on the residential scale. Revenues from grid-scale battery
energy storage system (BESS) is expected to grow at a double digit CAGR of 34% from 2015–2020.
‘No down payment’ is emerging as the most popular business model for installing battery energy storage
systems for commercial and industrial (C&I) customers. Integrated battery storage solution providers
such as STEM, Sunverge, Green Charge Networks, and Solar City install, own, operate, and maintain
these solutions at customer locations. In return, they split the difference in savings from peak demand
charges with the end-user.
Source: Frost & Sullivan
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Emerging Battery Chemistries
IoT, wearables, and the need for low-cost but safe and energy-dense batteries drive technological advances
in new chemistries and form factors.
Emerging Chemistries
Technological Advancements
Lithium-air
Solid-state Battery
Li-ion
Lead
Acid
(LAB)
Quick Charging
Batteries
Beyond Existing
Battery
Chemistries
Emerging
*Advancements to lead acid battery is more of an enhancement to the existing product; usage of new materials is minimal.
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Advanced LAB*
Aluminum-air
Metal-air Zinc-air
Sodium-air
Foldable Battery
3-Dimensional
Electrode
Lithium-sulphur
Sodium-ion
Source: Frost & Sullivan
4
Top 10 Transformational Trends in Battery Space by 2020
Connected living in terms of connected home, work and city along with IoT and wearables will drive battery
demand.
Key Takeaway: While all Mega Trends are important, the selection and ranking of these
trends indicate which shifts will have relevance in shaping
the global evolutionary landscape.
1
High
Remote Patient
Monitoring
Energy
Harvesting
8
2
5
7
Sensorisation
of Things
LTE/Wireless
Communication
Connected
Living
4
Wearable
Computing
Carbon Neutral
Cities
3
Smart Cities
10
Low
Growth Attractiveness
Assessed based on market attractiveness in terms of
revenue/shipment
6
Rise of
Personal
Robotics
Minor
9
Geosocialisation
Conservative
Radical
Impact on Future Products and Services
Measured based on highest impact on future products and service capabilities, resulting in new convergent and radical devices
Key: LTE—Long Term Evolution
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Source: Frost & Sullivan
5
Energy Harvesting Operational Diagram
Components Involved in Energy Harvesting, Global, 2015
Solar
Radio Frequency
Rechargeable
Battery
Thermoelectric
Source
Solar
Kinetic
Interface
Charger
Electronic Circuitry with Protective Devices
and Battery Management Systems (BMS)
Thin-film Energy
Storage
Capacitor
Thermal
• Energy generated by harvesting kinetic sources needs a transducer that converts kinetic energy to
electrical energy.
• This electrical energy is stored in batteries that are often in the form of coin cells, cylindrical cells, or
thin-film batteries in case of embedded intelligent tags.
• Microbatteries are emerging as the technology to store the energy harvested through small sensors
involved in IoT.
Source: Frost & Sullivan
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