The battery market continues to boom, but the problems are growing – a look at the latest developments and implications.
Market demand for batteries will soar from around 800 GWh in 2022 to 4,900 GWh in 2030, LFP batteries will soon become mainstream, sodium-ion cells enter the market and battery players must move quickly to secure raw material supplies. These are among the key findings of the Battery Monitor 2023 report, prepared by Roland Berger in collaboration with the PEM group at RWTH Aachen University. The latest edition of the annual report assesses the entire battery value chain, breaking it into digestible chunks from materials to recycling. Each chapter offers market updates in the areas of sustainability, technology performance, competitiveness and innovation, as well as providing key strategic implications for market players.
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