Nearly 6 billion portable battery cells to be shipped annually by 2023
The explosion in portable devices, from consumer electronics to medical devices, has transformed many aspects of modern life. Until recently, however, the batteries that power these devices have mostly been an afterthought. That is changing as lithium ion (Li-ion) batteries, which are commonly used in smartphones and tablets, move beyond consumer electronics to replace predecessor batteries in virtually all portable power applications. According to a new report from Navigant Research, worldwide unit shipments of battery cells for portable power applications will grow from 3.6 billion in 2013 to nearly 6 billion in 2023.
“Batteries and the power supply chips that control them are now starting to exceed the importance of the processors inside the devices,” says Sam Jaffe, senior research analyst with Navigant Research. “This transformation has led to significant improvements in battery technologies and, in some cases, allowed for the introduction of completely new battery chemistries.”
The leadership position of Li-ion batteries – which didn’t exist 25 years ago and which entered certain segments, like power tools and defense, just a few years ago – in the portable power sector is remarkable. Li-ion batteries pack considerably more energy and do so more safely than traditional cylindrical liquid electrolyte predecessors. Greater advances in energy density, cycle life, and product longevity are on the horizon, according to the report, as new silicon-based anodes begin to appear in batteries during the next few years. Additionally, the first mass-produced lithium sulfur batteries, which employ a chemistry that could more than double energy density, are expected to begin appearing during the same timeframe.
The report, “Advanced Batteries for Portable Power Applications”, examines the advanced battery industry for portable devices. It sizes the global market and provides a 10-year forecast of advanced batteries (rechargeable batteries only) for portable power applications through 2023. Global market projections are provided for five major segments of the portable device market, including consumer electronics (which is further broken down into mobile phones, tablets, laptops, and wearable devices), defense systems, medical devices, power tools, and oil & gas drilling operations. The report also segments the forecasts by region, energy capacity (MWh), power capacity (MW), unit sales, and revenue. An Executive Summary of the report is available for free download on the Navigant Research website.