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According to a new report from Pike Research, a part of Navigant’s Energy Practice, the market for advanced batteries will roughly double each year over the next 5 years, reaching $7.6 billion in 2017. Over the ensuing half-decade, growth will level off to a still-robust compound annual growth rate (CAGR) of 31 percent, and revenues in the sector will reach $29.8 billion in 2022.