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Home> Articles>News>Advances in Battery Technology | Solid-State Lithium Polymer Batteries

Advances in Battery Technology | Solid-State Lithium Polymer Batteries

From:CTECHI GROUP Limited     Release time:2018-09-19

Overview:Arthur D. Little (ADL) has conducted a new research, "Future of batteries: Winner takes all?" After full market analysis, the report examines the current enormous level of activity in the sector, which has witnessed existing and new players invest more than $12.9 billion over the last two years.

Arthur D. Little (ADL) has conducted a new research, "Future of batteries: Winner takes all?" After full market analysis, the report examines the current enormous level of activity in the sector, which has witnessed existing and new players invest more than $12.9 billion over the last two years.

It estimates future tendences that will meet steadily growing needs in areas such as electric vehicles (EVs), renewable power solutions and consumer electronics. It aims to help players make effective strategies that unlock value and market position across the ecosystem.

The report predicts the battery market will exceed $90 billion by the end of 2025, and that new innovations, such as solid-state lithium polymer batteries and 18650 lithium battery 3.7v 2200mah, will quickly take place of existing battery technologies over the long-term.

This is thanks to improved performance and innovation delivery combined with consumer pull and willingness to pay for better solutions.

White Lyn, a senior staff in ADL, explains: "High density lipo battery technology is experiencing the biggest breakthrough in 150-plus-year battery history, driven by the need for better solutions in areas such as electric vehicles and renewable power. However, companies need to be aware of the risks, as well as the huge potential opportunity of the market, if they are to be te winners the future."

Solid-State Lithium Polymer Batteries

Despite the present enormous investment from players of various areas, including the automotive, technology, consumer goods, utilities and chemicals sectors, either entering the market or expanding their productions, the report estimates that there are high risks of failure. Companies that successfully established complex innovation ecosystems, working with a range of partners and supported by significant intellectual property, have the greatest chance of winning and maintaining market share.

The report explains that being creative, in terms of both new technologies and process transformation, is vital to bring down costs.

"We estimate that in order to make EVs competitive with internal combustion engine vehicles, EV battery-pack prices should decrease to $100/kWh," said Kurt Baes, Partner, Energy & Manufacturing. "Currently, the lowest cost estimates are in the $190–$250/kWh range. Equally, for energy grids, battery prices need to decrease by 50% in order to switch back-up from gas-fired units to lithium ion battery energy storage. This potential is providing huge chances."


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