The report factors out that such a necessity for cheaper techniques is likely one of the fundamental drivers behind the event of battery chemistries using zinc, sodium, and iron in addition to stream battery designs which are extra simply scaled.
“By 2025, IDTechEx forecast non-lithium chemistries, together with sodium-sulphur, redox-flow batteries, secondary Zn-based chemistries, and Na-ion, to account for over 10% of the stationary storage market by GWh (excluding pumped-hydro),” the doc states.
The agency’s consultants imagine that, nevertheless, it’s not simply alternate options to lithium that may see a diversification of know-how, however Li-ion know-how itself.
Of their view, the rising variety of start-ups engaged on commercializing silicon and lithium-metal know-how, typically together with solid-state electrolytes, might lastly shift demand away from graphite for battery anodes, notably as problems with power density and longevity are being addressed.
“IDTechEx forecast that demand for silicon anode material will develop at a CAGR of 45.2% from 2022-2032,” the report reads.
In relation to cathode know-how, the market researcher estimates that OEMs’ want to shift away from cobalt and nickel stems from the potential of provide bottlenecks for these essential supplies. Because of this lithium-iron-phosphate or LFP solutions are likely to recapture market share and develop into new territories, as are lithium-manganese-iron-phosphate or LMFP and lithium-nickel-manganese-oxide or LNMO chemistries.
“Thus far, Li-ion batteries have been the go-to know-how for car electrification and new stationary power storage techniques. Nonetheless, the provision chain for Li-ion manufacturing is coming below growing scrutiny with bottlenecks possible throughout the second half of the 2020s, creating a possible alternative for different battery chemistries not reliant on lithium, cobalt, or nickel,” the file states.