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Lux Research: Alternative Battery Technologies (Li-S, Solid-State, Etc) Will Hit $10 Billion Mark By 2030

While lithium-ion batteries will remain the dominant modality for at least the next decade, alternative battery technologies — lithium sulfur (Li-S), Solid-State, etc — will rapidly grow in importance over that period of time, according to a new report from Lux Research.

The new report — titled “The Next-Generation Battery Roadmap: Quantifying How Solid-State, Lithium-Sulfur, and Other Batteries Will Emerge After 2020” — also predicts that new battery technologies will be worth $10 billion by 2030.

Lux research

“Next-generation battery developers are pursuing technology improvements and mass-production scale-up, though incumbent Li-ion is still improving quickly, thanks to massive investments,” stated Cosmin Laslau, Lux Research Senior Analyst and lead author of the new report.

“Companies with an important stake in the battery market should invest in next-generation batteries as well as advances in Li-ion, to make sure they maintain a strong position as the technology mix shifts,” he continued.

The report findings are summarized below:

  • Transportation market is hotbed for new battery tech. Next-generation batteries will see explosive growth after 2030: Lithium-sulfur will jump from $6 billion in 2030 to $29 billion in 2035, while solid-state batteries will climb from $3 billion to $42 billion over the same period.
  • Solid-state will win in electronics. Solid-state batteries will earn $12 billion from electronics in 2035, enjoying a 39% market share. Lithium-sulfur, meanwhile, will see no significant adoption in electronics, due to energy density issues, ceding ground to advanced Li-ion.
  • Lux Innovation Grid calls out leaders. Imprint Energy, which makes thin-film batteries for electronics, and rapid materials developer Ilika are the Dominant solid-state companies on the Lux Innovation Grid. The lithium-sulfur landscape is sparser, with Oxis Energy and Boulder Ionics earning positive takes from Lux.
 
Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy. You can follow his work on Google+.

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