
Batteries - Thematic Intelligence
Description
Batteries - Thematic Intelligence
Summary
Over the past decade, the battery industry has progressed sufficiently to enable portable consumer electronics, the mobile internet, the first electric cars, and the initial adoption of intermittent renewable power storage and generation. Given stored energy's accelerating and expanding role in tackling climate change, it will become one of the world’s most significant industries over the next 10 years.
Key Highlights
As governments worldwide get serious about decarbonizing their economies, demand for cheap, safe, high-performance, long-lasting, and low-carbon-footprint batteries will soar, most notably from the automotive industry. Consequently, supply chain bottlenecks will materialize over the next decade. The lack of low-cost, easy-to-purify raw materials to feed the world’s existing and planned battery gigafactories is the biggest threat to supply security. Moreover, the decline in investment in crucial mineral mines-coupled with the growing importance of environmental, social, and governance (ESG) factors-will restrict the development of new capacity.
There will likely be a severe but temporary global battery shortage by 2025 due to a sharp increase in demand for electric vehicles (EVs) and a shortage of mined and refined battery metals. However, the industry is investing heavily to prevent this from becoming a sustained threat by reducing its use of scarce materials, developing new materials and battery technologies, and, most importantly, creating a global battery recycling industry.
Meanwhile, China’s control of the entire global supply chain, from mines and refiners to component markers and cell producers, is a mounting geopolitical issue. The US and Europe are taking significant steps to reduce the dependence on China within their battery supply chains by 2030. Battery recycling is as much about geopolitics as it is about environmental sustainability. The circular battery economy will be critical to the energy transition, and nations (and companies) must develop domestic recycling.
Scope
- This report provides an overview of the batteries theme.
- It identifies the key trends impacting growth of the theme over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends.
- It includes analysis of multiple data sets, including patents and M&A trends, alongside a timeline highlighting milestones in the development of the batteries.
- The detailed value chain discusses the core segments, including raw materials, smelting and refining, component makers, battery technologies, end markets, and end of life.
- Batteries are sources of power, but they are also critical facilitators of many other technologies. They are integral to modern mobile lifestyles and the mass production of electric vehicles (EVs). Battery and energy storage technologies will be foundational in transitioning to renewable energy. This report provides an invaluable overview of the batteries theme, its challenges, and its potential impacts.
Table of Contents
65 Pages
- Executive Summary
- Players
- Technology Briefing
- It is all about energy, and batteries store it
- Batteries convert chemical energy into electrical energy
- Recharging
- There are many different battery technologies
- What happens after a battery is used up?
- There are alternatives to batteries
- Hydrogen fuel cells
- Ultracapacitors
- Thermal energy storage systems
- Trends
- Technology trends
- Macroeconomic trends
- Regulatory trends
- Industry Analysis
- Market size and growth forecasts
- Demand for Li-ion batteries is soaring
- The industry needs to build a more sustainable supply chain
- EV growth requires gigafactory investment
- There are many challenges in the factory
- The battery industry is likely to consolidate…
- …increasing the risks of crowding out…
- …and compounding raw material problems
- Some players are turning to AI and quantum computing
- Recycling is imperative
- Different battery chemistries are taking off in different geographies
- Timeline
- Signals
- M&A trends
- Venture financing trends
- Patent trends
- Hiring trends
- Social media trends
- Value Chain
- Raw materials
- Smelting and refining
- Component makers
- Battery technologies
- End markets
- End of life
- Companies
- Sector Scorecard
- Component makers sector scorecard
- Who’s who
- Thematic screen
- Valuation screen
- Risk screen
- Glossary
- Further Reading
- GlobalData reports
- Our Thematic Research Methodology
- About GlobalData
- Contact Us
- List of Tables
- Table 1: There are many different battery technologies
- Table 2: Technology trends
- Table 3: Macroeconomic trends
- Table 4: Regulatory trends
- Table 5: M&A trends
- Table 6: Key venture financing deals associated with the batteries theme since January 2021
- Table 7: Companies
- Table 8: Glossary
- Table 9: GlobalData reports
- List of Figures
- Figure 1: Who are the leading players in the batteries theme, and where do they sit in the value chain?
- Figure 2: Who are the leading players in battery technologies, and where do they sit in the market?
- Figure 3: Electrons flow from the anode to the cathode during discharge
- Figure 4: Advanced battery chemistries span the periodic table
- Figure 5: The Li-ion battery market will grow to over $400 billion by 2035
- Figure 6: EV battery gigafactory capacity development by country, 2022-2030
- Figure 7: The batteries story
- Figure 8: The largest battery incumbents are dominant in patent publications
- Figure 9: Active jobs in the Li-ion battery industry increased by over 700% between Q1 2020 and Q2 2023
- Figure 10: Advance Auto Parts igs the top recruiter in batteries
- Figure 11: Battery-related posts and contributors have increased by 481% and 470%, respectively, since 2019
- Figure 12: The batteries value chain
- Figure 13: Batteries value chain: battery raw materials
- Figure 14: Batteries value chain: smelting and refining
- Figure 15: Batteries value chain: component makers
- Figure 16: Batteries value chain: battery technologies
- Figure 17: Batteries value chain: end markets
- Figure 18: Batteries value chain: end of life
- Figure 19: Who does what in the component makers space?
- Figure 20: Thematic screen
- Figure 21: Valuation screen
- Figure 22: Risk screen
- Figure 23: Our five-step approach for generating a sector scorecard
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