BOSTON, November 3, 2016 /PRNewswire/ --
IDTechEx Research, a leading provider of independent market research, business intelligence and events on emerging technology announces the availability of a new report, Solid-State and Polymer Batteries 2017-2027: Technology, Markets, Forecasts .
This report covers the solid-state electrolyte industry by giving ten year forecasts to 2027 in terms of numbers of devices sold, capacity production and market size. It predicts the market will reach over $7 billion by 2027.
In 2016, Li-ion batteries (LIB) celebrated their silver jubilee, i.e. they have been on the market, virtually unchanged, for the last 25 years. While this anniversary marks and underscores their worldwide success and diffusion in consumer electronics and, more recently, electric vehicles (EV), the underlying technology begins to show its limitations in terms of safety, performance, form factor and cost.
Companies like Ford Motor, Toyota, Samsung, and Toshiba are already actively working on solid electrolytes, while many hail the technological achievements of French company Bolloré as an initial step on rechargeable lithium metal polymer batteries. At the same time, consumers demand better, long-lasting batteries that will not catch fire in their hands like the Samsung Galaxy Note 7, and solid-state electrolytes have the potential to solve those issues.
These and other factors, including the surge in popularity of electric cars, wearable devices and drones, are pushing the battery industry towards solid-state electrolytes. Solid-state batteries can be made thinner, flexible, and contain more energy per unit weight than conventional lithium-ion batteries.
This IDTechEx Research report covers both inorganic solid electrolytes and polymer electrolytes, with an analysis of where these two chemistries will most likely find applications. An analysis on thio-LISICONs and the other 7 solid electrolyte chemistries (garnet, halides, perovskites, argyrodites, LiPON, hydrides, NASICON-like) and polymer electrolytes is given. Additionally, comparisons are made between liquid-based Li-ion batteries and solid-based batteries, as well as between thin film and bulk solid-state batteries.
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