The industry is experiencing a monumental shift as lithium-ion batteries reach saturation, paving the way for alternative energy storage solutions. The recent “Battery-Free Electrical Energy Storage and Storage Elimination MilliWh-GWh: Markets, Technologies 2024-2044” report, available on ResearchAndMarkets.com, sheds light on the evolving landscape.
Transformative Growth in Battery-Free Storage
The report forecasts substantial growth in battery-free storage technologies, surpassing the current $25 billion pumped hydro for grids and $4 billion supercapacitors and capacitor banks market. This transformative trajectory includes diverse technologies like weightlifting, gas compression, chemical intermediaries, and advanced supercapacitor derivatives, each securing significant orders for delayed electricity.
Meeting Varied Market Needs
As market demands evolve, battery-free energy storage emerges as a critical player, especially for applications requiring pulse power, minimal self-leakage, GWh economy, and extended lifespan. Unlike traditional batteries, battery-free storage solutions offer one hundred times the power density, zero self-leakage, one-tenth of the GWh Levelised Cost of Storage (LCOS), and potentially a 100-year life. Additionally, these solutions are non-flammable and devoid of toxicity or scarcity concerns.
Storage Elimination Technologies on the Rise
The report also explores storage elimination technologies, such as powering powerless IoT nodes with 6G Communications, solar farms generating chemicals during operation, and microbots that move when exposed to light. Wireless Sensor Network nodes are also highlighted, communicating when their energy harvesting capabilities receive sufficient input, thanks to ultra-low-power electronics.
Lithium-Ion Batteries Facing Saturation
An evidence-based analysis suggests that lithium-ion battery sales will plateau at approximately $330 billion by 2044 due to new battery technologies, declining major applications, and an inability to cater to emerging battery-free markets. In contrast, the battery-free storage opportunity, projected at around $230 billion, and the market for storage elimination technology are anticipated to experience rapid growth over the next two decades.
The report provides insights into capitalizing on this evolving landscape, offering guidance on creating a multi-billion-dollar hardware business, identifying market gaps, potential acquisitions, partnerships, and promising research pipeline opportunities.
Source：prnewswire.com
