31 Jul '17, 9am

Lux Research: transportation & stationary energy storage passing CE as largest energy storage markets

Lux Research: transportation and stationary energy storage passing consumer electronics as largest energy storage markets by next year 31 July 2017 Although consumer electronics—devices such as smartphones and laptops—have traditionally driven the most demand for energy storage devices, transportation and stationary applications will soon become the largest energy storage markets, according to Lux Research. By 2025 the energy storage market will top $100 billion with applications in transportation alone reaching $69 billion, Lux forecasts. Transformations in the electricity grid mean that stationary storage has the highest growth rates and will reach $19 billion in 2025. Transportation applications are now the largest source of energy storage demand—expected to reach 46 GWh in 2017 compared to just 27 GWh from consumer electronics. Although energy storage volume in consume...

Full article: http://www.greencarcongress.com/2017/07/20170731-lux.html

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