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Asia Pacific Secondary Lithium Battery Market
Frost & Sullivan, Feb 2011, Pages: 61
The research service covers the secondary lithium battery market, and factors that are expected to influence the market in Asia Pacific region. Thus, the service determines the current and future product, technology and competitive trends, as well as seeks to identify the market dynamics and trends from different regions that are affecting the future growth of this market. It offers an industry prospective, competitive environment and growth opportunities. The service enables a comprehensive view of the secondary lithium battery market, feasibility and developments across the region. It allows companies to capitalize or exploit on market trends that is likely to have an impact to the industry
Research Overview
This Frost & Sullivan research service titled Asia Pacific Secondary Lithium Battery Market provides an in-depth analysis of the market drivers and restraints, industry trends and competitive environment in addition to the challenges and issues faced by market participants. The study also aims to analyse the opportunities for suppliers in the steadily growing lithium-ion battery market. In this research, Frost & Sullivan's expert analysts thoroughly examine the consumer and industrial segments.
Market Overview
Emphasis on Green Initiatives Bolsters Asia Pacific Secondary Lithium Battery Market
The Asia Pacific secondary lithium (Li) battery market is gaining traction as lithium-ion batteries have earned repute as viable, high-density power solutions. They do not suffer from memory effect and have a low self-discharge rate of around 5 percent per month compared to common nickel cadmium (NiCd) batteries. The capacity to generate high power output while maintaining a low footprint has opened up new avenues for secondary lithium batteries. Li-ion batteries have a high energy density (160 Wh/kg) compared to nickel-metal hydride (NiMH) batteries (30-80 Wh/kg). With rising awareness levels on the benefits of Li-ion batteries in the high capacity segment, they are being increasingly deployed in various segments as an energy source. “The industrial segment, which has been lagging behind the consumer segment in the adoption of Li-ion batteries, is expected to increasingly adopt these batteries due to the maturity of the technology in this segment,” notes the analyst of this research service. “This is likely to open up new revenue streams for the Li-ion battery manufacturers.” In addition, the consumer segment, with the continuous convergence of the IT and communication products, will require batteries with higher energy density to power different functionalities in a single device.
Although the prospects for the market look bright, some aspects are proving to be growth bottlenecks. Li-ion batteries have a higher manufacturing cost compared to other batteries such as nickel cadmium, restraining their uptake. In addition, they have a tendency to become unstable at temperatures over 140 degrees Celsius. Li-ion batteries face competition from alternative technologies that are being researched upon or readied for commercialisation. Technologies such as fuel cells, which are steadily gaining momentum, are poised to replace Li-ion batteries in the electronic vehicles (EVs) industry. Considering the demand upsurge for lithium in EVs and hybrid electric vehicles (HEVs), there are concerns over supply falling short of demand.
For the Li-ion batteries market to grow, it is important for companies to invest in R&D to achieve better cost efficiencies in the manufacturing of these batteries. “Participants must strive to lower the cost of extracting, refining, and processing Lithium,” says the analyst. “Cost reduction via process improvement is likely to be even more critical with the expected increase in raw material prices for Li-ion batteries.” The balance between safety and performance has to be maintained to stoke market progression, especially in the EV and HEV industries, where thousands of Li-ion batteries are packed into one such vehicle.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By End-use Vertical:
- Consumer
- Industrial
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