The Shipment Volume of Advanced Batteries Through 3Q 2016 Equates to More Than 323 Million Battery Cells and Nearly $4 Billion in Sales, According to Navigant Research

The introduction of longer-range electric vehicles and the promise
of improved power quality for energy storage customers means continued
growth for advanced batteries, report finds

BOULDER, Colo.–(BUSINESS WIRE)–#AdvancedBatteries–A new report from Navigant
Research tracks developments and trends in the advanced batteries
market across the automotive and stationary energy storage segments from
shipments through 3Q 2016, including energy capacity (MWh), power
capacity (MW), cells shipped, and revenue, across global regions.

Through 3Q 2016, demand for batteries as an alternative means to power
electric vehicles (EVs) and support grid management systems showed
steady growth and continues to grow globally due to the expansion of
plug-in EVs (PEVs) and stationary grid-tied energy storage systems
(ESSs). Lithium ion (Li-ion) remains the primary chemistry for light
duty automotive applications, while the stationary energy storage sector
has a more diverse chemistry landscape with technologies ranging from
sodium sulfur and flow batteries to advanced lead-acid and hybrid
chemistries. Click
to tweet: According to a new report from @NavigantRSRCH,
the shipment volume of advanced batteries through 3Q 2016 equates to
more than 323.5 million individual battery cells and $3.8 billion in
sales.

“Markets for both EV batteries and stationary energy storage are
transitioning from heavily subsidized, pilot program-based industries to
more economically viable systems as the confluence of regulatory policy,
technological capabilities, and business models continue to drive
interest forward,” says Ian McClenny, research associate with Navigant
Research. “This transition is expected to see continued lower advanced
battery pricing and maturing energy storage technology and delivery
chains, leading to a healthier and more economically stable energy
storage industry.”

The introduction of mass-market battery EVs with ranges of 150 to
200-plus miles has significant implications for the PEV market and EV
service providers that supply the electricity to the vehicles, according
to the report. Meanwhile, in the stationary storage market, advances in
resiliency and improved power quality are important drivers for energy
storage customers across all sectors.

The report, Advanced
Battery Tracker 4Q16, identifies developments and trends in the
advanced batteries market by tracking the shipments of batteries around
the world through 3Q 2016. The Tracker focuses on new market activity
and market share analysis for the key application segments that utilize
advanced batteries: automotive and stationary energy storage.
Comprehensive documentation is provided for energy capacity (MWh), power
capacity (MW), cells shipped, and revenue for advanced batteries across
all global regions and across multiple technologies. An Executive
Summary of the report is available for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Advanced Battery Tracker 4Q16, is a summary and reflects
Navigant Research’s current expectations based on market data and trend
analysis. Market predictions and expectations are inherently uncertain
and actual results may differ materially from those contained in this
press release or the report. Please refer to the full report for a
complete understanding of the assumptions underlying the report’s
conclusions and the methodologies used to create the report. Neither
Navigant Research nor Navigant undertakes any obligation to update any
of the information contained in this press release or the report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]