04/11/2023
The lithium-ion battery market expects multiple growth in the coming years
The growing global demand for electricity, the development of renewable energy sources, the spread of electric motors - these processes pose a especially acute issue of energy storage and storage in the modern energy sector.
Almost no alternative solution at the moment is the technology of lithium-ion batteries, the demand for them is growing constantly. According to Professor Rashid Yazami (Singapore), a member of the international committee of the Global Energy Prize, director of KVI Holdings, the global production of lithium-ion batteries can grow fivefold. In 2020, it was 325 GWh, by 2025 it will reach 800 GWh, and by 2030 — 1650 GWh.
Rystad Energy gives even higher figures and predicts an increase in global demand for batteries from 580 GWh in 2021 to 9 terawatt-hours in 2030.
The main catalyst for growth will be the transition to electric cars by 2030-2040. The one third of the increase in demand will be provided by the renewable energy sector.
The development of the industry and related technologies goes in three main directions:
- lithium mining;
- production of lithium-ion batteries;
- efficient energy storage - increasing the power of the batteries themselves.
