STILL BIG MONEY IN LITHIUM ION BATTERIES

… Global Lithium-ion Market to Double Despite Recent Issues; The market was valued at $11.7 billion at the end of 2012 - Fastest growth can be witnessed in the industrial and automotive segments

21 February 2013 (Frost and Sullivan)

“The global lithium-ion battery market was worth $11.7 billion in 2012 and is expected to double by 2016, according to Frost & Sullivan. This will happen despite the recent issues experienced by Boeing, and despite Airbus decision to abandon these batteries…

“North America holds the highest share of revenues for consumer and industrial applications while Europe boasts the highest revenues for industrial lithium-ion batteries (LiBs). The highest growth in industrial battery demand is expected to come from APAC. China, Japan and South Korea account for close to 85-90% of the global LiB production.”

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“China…has the highest concentration of LiB manufacturers: over 200 players…[in] the consumer segment and around 30-40 companies for automotive…[and many] US companies…have been acquired by Chinese firms…[The] Obama administration’s ARRA funding…[started many LiB companies but many have gone] bankrupt with the funding drying up…[the] economic slowdown…[and the] high cost of EVs…[ Germany and Switzerland are strong contributors to R&D] among European countries and the demand for batteries comes from all the three segments: consumer, industrial and automotive...

“The global LiB market holds immense opportunities for growth and expansion. Although the consumer segment is mature in developed economies, this still is a growing application in Latin America, China, [and] India…The highest potential for growth however is exhibited by the industrial applications. Manufacturers that were previously involved only on producing and selling batteries for the automotive segment…have started to sell LiBs for cordless power tools, forklifts, and garden equipment…”

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