Alkaline, NiCd, Lead-Acid, NiMH, Magnesium Ion, Lithium, Ultracapacitors, and Other Battery Technologies for Consumer Electronics, Power Tools, Medical Devices, Down-Hole Drilling, and Defense Applications.
Portable devices have become an indelible part of the modern lifestyle, thanks to the pervasive presence of smartphones, laptops, and tablet computers. Other large markets for portable devices, including power tools, medical devices, and defense systems, are also growing in size. All of those devices need batteries to run them, and an $8 billion industry has grown up over the last 20 years to meet that demand.
By far the largest component of the advanced battery landscape is the lithium ion (Li-ion) sector, which makes the batteries that power almost all portable devices. The first Li-ion battery appeared just 2 decades ago and has since become the battery of choice for most portable devices. However, new chemistries are being developed in laboratories and in R&D departments throughout the world, including magnesium ion, ultracapacitors, lithium sulfur, and lithium air. Many of these newly developed chemistries promise advantages over today's Li-ion batteries. Navigant Research forecasts that revenue generated by the sales of all advanced batteries for portable power applications will top $7.1 billion in 2013 and grow to over $12.4 billion by 2023.
This Navigant Research report examines the advanced battery industry for portable devices. It sizes the global market and provides a 10-year forecast of advanced batteries (rechargeable batteries only) for portable power applications through 2023. Global market projections are provided for five major segments of the portable device market, including consumer electronics (which is further broken down into mobile phones, tablets, laptops, and wearable devices), defense systems, medical devices, power tools, and oil & gas drilling operations. The report also segments the forecasts by region, energy capacity (MWh), power capacity (MW), unit sales, and revenue.
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