Revenues from materials for advanced batteries expected to total more than US$132 billion from 2014-2023, says Navigant

Since 1991, when the first mass-produced lithium ion (Li-ion) batteries emerged, the market for advanced batteries and shipments of materials used to manufacture them has steadily increased. Today, with growing demand for batteries in stationary, portable, and transportation applications, a variety of new advanced battery chemistries are replacing the long-used lead-acid and primary alkaline chemistries, spurring industry-wide growth and transformation. According to a recent report from Navigant Research, worldwide revenues from materials for advanced batteries is expected to total US$132.2 billion from 2014-2023.

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via Yuichun