Global Growth Opportunities for Advanced Lithium Batteries for EVs and the Adoption of Future Battery Chemistries

Description

Lithium-sulfur, sodium-ion, and solid-state batteries are likely to be adopted for EV applications between 2025 and 2030

The widespread adoption of electric vehicles (EVs) has increased the need for efficient battery solutions, augmented safety, and an extended life span. To date, lithium-ion (Li-ion) batteries have been predominantly used in electric powertrain; however, the adoption of Li-ion battery chemistries such as nickel cobalt aluminum oxide (NCA), nickel manganese cobalt oxide (NMC), and lithium iron phosphate (LFP) has also gained momentum. As demand rises, battery costs will reduce from more than $1,000/kWh in 2010 to $100-$110/kWh in 2022 (and reduce even further beyond this). Many research institutions, battery suppliers, and key OEMs are collaborating to develop future battery chemistries with effective material performance, reduced production costs, and enhanced safety. As future chemistries (solid state, sodium ion, lithium sulfur) evolve, they will offer improved safety, increased energy density, and fast-charging capabilities, thereby overcoming the challenges associated with traditional Li-ion batteries.

Almost all the major suppliers, including CATL, LG Chem, and Panasonic, have ramped-up production capacities. The EV battery market has grown from 4,892 MWH in 2013 to 296,657 MWH in 2021 at a CAGR of 55.7%. These companies think that future battery chemistries will be a game-changing technology for EVs. Several suppliers and OEMs have signed contracts with research institutions to develop and expand future battery chemistry technologies.

This Frost & Sullivan study discusses global growth opportunities for advanced lithium batteries for EVs and the adoption of future battery chemistries; some of the topics covered are disruptive technologies impacting the market; the technology readiness level of future batteries; key automakers' investments in gigafactories; a performance comparison of existing battery chemistries and future chemistries; OEM preferences in terms of adopting solid-state battery technologies; and challenges and roadblocks to commercialization. The research service also analyzes the patent landscape for future chemistries such as solid-state, sodium-ion, lithium-sulfur, and lithium-air batteries.

Product Code: PC64-45

Strategic Imperatives

Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on Advanced Lithium Batteries for EVs
Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Environment

Growth Environment
Growth Environment (continued)
Growth Environment (continued)
Technology Roadmap for Evolving Battery Chemistries
Technology Readiness Level by Battery Chemistry
OEM Adoption of Current versus Future Chemistries
Key OEMs' Adoption of Solid-state Batteries
Patent Landscape-Future Battery Chemistries
Key OEMs' Investments in Gigafactories

Growth Opportunity Analysis

Scope of Analysis
Key Questions This Study Will Answer
Lithium Battery Classification by Battery Type
Growth Metrics
EV Battery Market Outlook by Battery Capacity
EV Battery Market Outlook by Battery Chemistry
Top 10 EV Battery Cell Suppliers
Top 10 EV Manufacturers
Battery Capacity-Average Range of EVs
Battery Specification Roadmap-Lithium Ion
Solid-state Batteries versus Lithium-ion Batteries

Patent Analysis-Current versus Future Chemistries

Patent Overview-NMC
Top Forward Citations
Patent Overview-LFP
Top Forward Citations
Patent Overview-Solid-state Batteries
Top Forward Citations
Patent Overview-Sodium-ion Batteries
Top Forward Citations
Patent Overview-Lithium-sulfur Batteries
Top Forward Citations

Key Market Trends-Current versus Future Battery Chemistries

Evolution of Battery Technologies
Performance Comparison by Different Battery Types
Battery Chemistry by Application
Future Developments in Battery Sensing Technology
Future Developments in Battery Technology

Future Battery Chemistries-Paradigm Shift to Solid-state Batteries

Key Value Proposition of Solid-state Batteries
Solid-state Batteries for EVs
Types of Solid-state Electrolytes
Roadblocks for Solid-state Battery Commercialization
Evolving Ecosystem of Solid-state Batteries

Future Battery Chemistries-Lithium Sulfur

Key Value Proposition of Lithium-sulfur Batteries
Lithium-sulfur Batteries for EVs
Roadblocks for Lithium-sulfur Battery Commercialization
Evolving Ecosystem of Lithium-sulfur Batteries

Alternative Battery Chemistries-Sodium Ion/Lithium Air/Aluminum Air

Key Value Proposition of Sodium-ion Batteries
Sodium-ion Batteries for EVs
Key Value Proposition of Lithium-air Batteries
Lithium-air Batteries for EVs
Key Value Proposition of Aluminum-air Batteries
Aluminum-air Batteries for EVs
Roadblocks for Sodium-ion/Li-Air/Al-Air Commercialization
Evolving Ecosystem of Sodium-ion/Al-Air/Li-Air Batteries
Impact of the Russo-Ukrainian War on Battery Chemistries

Growth Opportunity Universe

Growth Opportunity 1-Adoption of Future Battery Chemistries for EVs
Growth Opportunity 1-Adoption of Future Battery Chemistries for EVs (continued)
Growth Opportunity 2-Strategic Partnerships
Growth Opportunity 2-Strategic Partnerships (continued)
Growth Opportunity 3-Thermal Management
Growth Opportunity 3-Thermal Management (continued)
Key Conclusions and Future Outlook

Next Steps

Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
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