LUX: Energy Storage Market to reach $50 Billion in 2020
Driven by vehicle plug-ins, transportation applications will grow the fastest with an 11 percent growth rate, reaching $21 billion by 2020. Electronics will grow at 6 percent and reach $27 billion by 2020, driven by battery demands in mainly smartphones and tablet computers. The market for stationary applications will be worth $2.8 billion, as it awaits cost breakthroughs.