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World Secondary Lithium-ion Battery Markets
Frost & Sullivan, Oct 2007
This Frost & Sullivan research titled World Secondary Lithium Ion Battery Market provides in-depth analysis of the market and highlights the key drivers and restraints influencing it. The study also includes a revenue analysis, market share analysis, competitive structure overview, as well as market and technology trends. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: consumer applications, industrial applications and advanced applications.
Technologies
The following technologies are covered in this research:
-Lithium-ion battery chemistry
-Lithium-ion polymer battery chemistry
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
-Consumer applications
-Industrial applications
-Specific applications
Market Overview
Rising Need for High Energy Density and Light-weight Batteries Creates Potential for Growth in the Global Secondary Lithium-ion Battery Market
The superior features of lithium-ion batteries in comparison to existing battery chemistry have paved way for commendable growth within a decade of existence. Increased investments for technological developments and innovations happening in this market could make these batteries more efficient. Technical innovations such as thin-film batteries and high energy density lithium-ion batteries are creating bright growth prospects for the market.
'High energy density and light weight are the key factors influencing the growing preference for lithium-ion batteries in consumer applications,' notes the analyst of this research service. 'Increased usage of sophisticated, multi-tasking consumer electronic gadgets in recent years has fuelled the need for high-power batteries that are light weight. This is set to bolster growth in the secondary lithium-ion battery market.'
Surge in Demand for Portable Industrial Equipment Assists in Market Growth
Increasing demand for high-efficiency power source for portable industrial applications is augmenting the need for lithium-ion batteries. Performance of these batteries in consumer applications has created significant awareness about the favorable features of lithium-ion batteries. Accordingly, lithium-ion batteries are likely to find greater utilization in industrial applications.
'Despite these positive factors, existing safety concerns related to utilizing lithium-ion batteries in high temperatures are likely to dampen growth in the market,' explains the analyst. 'However, given the increased focus on research activities, lithium-ion batteries that can withstand high temperatures without causing thermal runaway are expected to hit the market in the next two to three years.'
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