Lux Research Report: Thin Film Batteries Could Grow to $250 million by 2014

March 10 2009 / by Garry Golden
Category: Gadgets   Year: General   Rating: 1

luxNext generation energy storage solutions (e.g. batteries, fuel cells, capacitors) continue to gain attention from investors and energy forecasters who see significant growth ahead beyond typical production side investments.

A new report from Lux Research, titled Thin Batteries: Novel Storage Powering Novel Devices,  believes that this low cost battery platform could have 'enough juice to grow from a $19 million market in 2008 to a market of over $250 million in 2014.'

The report updates Lux Research's analyses of eight thin battery manufacturers and draws on nine additional interviews with application developers downstream to assemble a comprehensive perspective on thin battery technologies, companies, and markets.

Thin batteries appear to be following a classic 'low end disruption' growth strategy of avoiding direct head to head competition with current 'coin cell' batteries in favor of growing around new applications.  Lux describes potential growth across a range of sectors including healthcare (e.g. drug delivery patches), media (e.g. video displays), and information systems (e.g. RFIDs/Sensors) 

Lux expects opportunities for investors able to find opportunities in later stage funding rounds but stress the inevitability of shake out in emerging markets. "By 2014, there simply won't be enough space in this market for ten thin battery companies to sustain a healthy business," said Jacob Grose, an Analyst at Lux Research and the report's lead author "Anyone interested in getting a seat at the table will need to identify the winners, and identify them early."

MarketWire Press Release

 

About Lux Research

Lux Research provides strategic advice and on-going intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.

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