Navigating the Rapid Evolution of Battery Sector
The global energy transition depends on advancements in battery technology—from lithium-ion to solid-state batteries and beyond.
As demand for energy storage, grid resilience, and sustainable battery production accelerates, businesses must stay ahead of market shifts, supply chain risks, and emerging technologies.
The global battery market—spanning electric vehicles, stationary storage, and consumer electronics—is projected to grow exponentially over the next decade. Reports indicate the global market of EV batteries to reach $84.5 Billion by 2030, growing at a CAGR of 15.5% from 2023 to 2030. However, supply chain constraints, critical mineral dependencies, and geopolitical uncertainties pose significant risks.
At AltaScient, we assimilate millions of data points to assess rapid industry changes, company movements, risk evolution, and technology shifts in this evolving sector, starting with the EV batteries sector.
Two Work Streams
1. We offer a ready-to-access, dynamic, SaaS tool addressing risk and market intelligence for the global value chain, details of which are below.
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2. AltaScient has initiated a collaborative discussion with academia and the public sector for innovation in cost reduction, reuse and recovery of critical minerals, via predictive modeling (AI/ML) and advanced simulation frameworks.
Critical minerals sourcing
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Lithium, cobalt, and nickel extraction often raise concerns about child and forced labor, environmental damage, and geopolitical tensions.
End-of-life battery
management & recycling
Addressing disposal, reuse, cost, and circular economy solutions, in a resource-constrained environment.
Geopolitical tensions
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Tariff increases and counter tariffs can affect the pricing of components and batteries for domestic manufacturing.
Energy consumption &
carbon footprint
Minimizing emissions and optimizing energy use in battery production, transportation and recycling.
Supply Chain, Geopolitical and Sustainability Concerns
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Industry Structure & Market Consolidation
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Not all battery technologies and companies will survive the next decade. Like semiconductors, the battery industry may face trade controls, policy shifts, will face global competition and economic pressures, which can lead to consolidation and company failures.
Key Challenges in the Battery Sector
Advanced Market & Risk Intelligence
Our AI-driven analytics platform provides continuous tracking, forecasting, and risk assessment across the battery value chain. We utilize statistical as well as AI/ML models, including artificial neural networks (NNs), natural language processing (NLP), and language models for analytics.
AltaScient’s advanced analytics SaaS Tools and Risk domain expertise can help you address:
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Strengthening Supply Chain Stress Track global sourcing risks of critical materials (lithium, cobalt, nickel, graphite). Assess value chain players globally and continuously Monitor company financial, legal, sustainability and country risks
Path to Economies of Scale Analyze capacity and infrastructure growth across key regions and supply chain dependencies. Identify investment trends.
Technology Shifts Monitor company innovations and their impact on supply chains and manufacturing  Tracking end-of-life battery policies and technological advancements.
Impact of Market Trends Track adoption trends across grid storage, EVs, and industrial applications. Assess regional growth patterns and market dynamics to anticipate shifts.
Supporting Supply Chain Sustainability
AltaScient’s solution enables businesses to track 20+ sustainability indicators, including:
Environmental Impact
Supply Chain Ethics
Workplace Safety
Business Ethics & Compliance
Energy consumption
Emissions
Water use
Waste management
Child labor
Forced labor
Responsible mining practices
Governance
Corruption risks
Trade regulations
Employee and contractor safety standards in battery production facilities