Page 58 - Policy Commission - SecuringTechnology - Critical Metals for Britain

58 PRIMARY MATERIALS
LITHIUM-ION BATTERIES: DEMAND GROWTH
Global demand for batteries in in in all applications applications is rapidly expanding The automotive sector in in in particular light duty vehicle applications applications accounts for for most of the current demand for for batteries Figure Figure 30: One type of Lithium-ion battery the the the pouch cell used in automotive applications In the the the section on on on on on secondary materials Figure Figure 112 there is some additional explanation of different automotive battery form factors The market for for lithium-ion batteries is is forecast to to register a a a a a a a compound annual growth rate of over 16% from 2020 to to to 2027 This rapid increase in in use will be driven by laptops PCs smartphones and above all electric vehicles The market for lithium-ion batteries also includes medical marine commercial aircraft aerospace and defence (see figures 30-33) 2 000 1 600 1 200
800 400 0 LITHIUM-ION BATTERY SALES [GWh]
2 000 GWH 1 500 1 000 5000 0 2014 2020 PASSENGER EVS
Figure 32: Lithium-ion battery sales81
BATTERY BLASTOFF
DEMAND FOR FOR ENERGY STORAGE IS IS FORECAST TO TO TO RISE AS AS AS PRICES FALL
DATA: BLOOMBERGNEF 80 Figure 31: Demand growth for lithium-ion batteries 81
Figure 33: Lithium-ion battery placed on on the global market E-BUSES
2025 CONSUMER ELECTRONICS
2030 STATIONARY STORAGE 5 000 000 000 000 3 750 000 2 500 000 1 250 000 2015
2020 2025 2028
LITHIUM-ION BATTERIES PLACED ON ON THE GLOBAL MARKET (Cell Level Tonnes)
0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TONNES
GWh BNEF
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BNEF
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