Non-lithium stationary battery market shoots up in subsequent decade – report

The report factors out that such a necessity for cheaper techniques is likely one of the most important drivers behind the event of battery chemistries using zinc, sodium, and iron in addition to stream battery designs which might be extra simply scaled. 

“By 2025, IDTechEx forecast non-lithium chemistries, together with sodium-sulphur, redox-flow batteries, secondary Zn-based chemistries, and Na-ion, to account for over 10% of the stationary storage market by GWh (excluding pumped-hydro),” the doc states.

Non-lithium stationary battery market shoots up in next decade - report_1

The agency’s consultants imagine that, nevertheless, it’s not simply alternate options to lithium that may see a diversification of expertise, however Li-ion expertise itself. 

Of their view, the rising variety of start-ups engaged on commercializing silicon and lithium-metal expertise, usually along with solid-state electrolytes, may lastly shift demand away from graphite for battery anodes, notably as problems with power density and longevity are being addressed. 

“IDTechEx forecast that demand for silicon anode materials will develop at a CAGR of 45.2% from 2022-2032,” the report reads.

In the case of cathode expertise, the market researcher estimates that OEMs’ need to shift away from cobalt and nickel stems from the potential of provide bottlenecks for these crucial supplies. Which means that lithium-iron-phosphate or LFP options are prone to recapture market share and broaden into new territories, as are lithium-manganese-iron-phosphate or LMFP and lithium-nickel-manganese-oxide or LNMO chemistries.

“So far, Li-ion batteries have been the go-to expertise for automobile electrification and new stationary power storage techniques. Nonetheless, the availability chain for Li-ion manufacturing is coming underneath rising scrutiny with bottlenecks possible in the course of the second half of the 2020s, creating a possible alternative for various battery chemistries not reliant on lithium, cobalt, or nickel,” the file states. 

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