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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

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“Contributing to the short-term over-capacity issue is that manufacturers rushed to build out capacity ahead of demand to (a) capture stimulus funding and (b) try to drive scale to reduce cost. “In the near-term, we expect to see some consolidation in the battery industry, with a few leaders taking the lead.

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

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Meanwhile, adding further downside pressure is that banks in many cases are working to reduce their exposure to the auto industry. With all of the costs and capacity being wrung out of the system, the auto industry may become spectacularly profitable as demand climbs back toward trend levels. The Role of Banks.

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