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Lithium-ion batteries have led to revolutions in consumer electronics, electric vehicles, and grid storage, but still face limitations in cost and performance. In fact, while incremental improvements will extend their dominance into the next decade, a new generation of battery technologies is rising and will be worth $10 billion by 2030.

Next-generation battery developers are pursuing technology improvements and mass-production scale-up, though incumbent Li-ion is still improving quickly, thanks to massive investments. Companies with an important stake in the battery market should invest in next-generation batteries as well as advances in Li-ion, to make sure they maintain a strong position as the technology mix shifts.  Lux Research has found that the transportation market is a hotbed for new battery tech and is predicting that next-generation Li-ion batteries will see explosive growth after 2030.

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