Showing posts with label Lithium Ion Battery Market. Show all posts
Showing posts with label Lithium Ion Battery Market. Show all posts

Wednesday, 30 December 2015

New Study Seeks to Explore Potential of Solid-state Li-ion Batteries

As smartphones and wearable mobile devices become omnipresent and incorporate even more advanced features with every coming day, the issue of limited-energy power sources becomes more profound. No doubt a vast number of research and development activities aimed at improving batteries in this field are conducted around the world and many innovative, more compact products offering decent power backups have been launched in the market in the past years.

The market for lithium-ion or li-ion batteries has especially observed stronger than expected growth in the previous decade, primarily owing to the astounding rate at which the market for smartphones and other mobile devices expanded during this period. Analysts predict that the future of the global li-ion batteries is also very promising. A lack of efficient alternatives and the numerous benefits of li-ion batteries are some of the key factors working in favor of the global li-ion batteries market in the current scenario.

A report published by Transparency Market Research (TMR) states that the global li-ion batteries market, which valued US$11.70 bn in 2012, will expand at an excellent 14.40% CAGR between 2013 and 2019 and reach a valuation of US$33.11 bn by 2019.

New Study Promises Solution for High Performance and Safer Li-ion Batteries

Conventional designs of li-ion batteries include a liquid electrolyte, which acts as a passage for the migration of electrons while charging and recharging of the battery. The problem with such batteries is that while they offer high levels of conductivity, which is a good thing, they also carry the risk of explosion as they become flammable under high temperature or high voltage. Batteries with liquid electrolyte can also leak, thus, factors such as casing design of the battery is very important for the prevention of failure of such batteries.

Therefore, the research activities aimed at devising non-liquid electrolyte batteries have increased in the past few years. A recent study examined the structure evaluation of a doped garnet-type solid electrolyte using neutron diffraction techniques. The study, which aimed at unraveling the mechanism that enhances the lithium-ion conductivity of this electrolyte, has revealed promising results that are expected to drastically improve the performance of non-liquid electrolytes, and possibly lead to more efficient and safer li-ion batteries. The study was conducted by a group of scientists at the Spallation Neutron Source department of the Oak Ridge National Laboratory, the U.S.

Ways to Mitigate Secondary Phases with Low Li-ion Conductivity

Substances such as lithium lanthanum zirconates, which have a garnet structure, prove to be good electrolytes as they promote fast transportation of lithium ions. However, these substances are often known to develop unwanted secondary phases with low-conductivity of ions. This can be detrimental to the overall performance of the electrolyte in some cases.


The research monitored the formation of these low-conductivity phases and found that their occurrence can be mitigated by adding to the material traces of elements with high valences or the ones that have affinity for creating bonds. The research, thus, concluded that by suppressing the formation of the unwanted secondary phases and increasing the number of valences for transportation of ions, garnet structures can be made more effective for li-ion batteries.

Saturday, 19 July 2014

Global Lithium Ion Battery Market is expected to reach USD 33.11 Billion in 2019: Transparency Market Research

According to a new market report published by Transparency Market Research “Global Lithium Ion Battery Market (Cathode, Anode, and Electrolytic solution) - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 – 2019”, the global market was worth USD 11.70 billion in 2012 and is expected to reach USD 33.11 billion in 2019, growing at a CAGR of 14.4% from 2013 to 2019. Due to the increasing demand and huge potential of lithium-ion battery in consumer, automotive and industrial sectors, Asia Pacific was the largest market for lithium-ion batteries in 2012.

Browse the full Lithium Ion Battery Market Report at http://www.transparencymarketresearch.com/lithium-ion-battery-market.html

The lithium-ion battery market is primarily driven by improving efficiency of battery and increasing application in EVs and HEVs and energy, medical and military. In addition, stringent government regulations related to carbon emissions in regions such as Europe, North America and China is supporting its growth. At the same time, higher life cycle as compared to lead nickel, nickel cadmium and nickel metal hydride batteries is expected to increase Li-demand in the coming years. High price as compared to other batteries and the risk of overheating are the factors inhibiting lithium-ion battery growth globally. However, the price is coming down and will have a positive impact on the market in the coming years.

Among different application sectors, consumer sector is the largest followed by automotive in 2012, and is expected to maintain its position throughout the estimated period. Growing adoption of these batteries in consumer electronic products such as digital camera, cellphone and tablet PCs is expected to fuel its growth in the estimated period. Energy, medical and military sectors are the emerging sectors for lithium-ion battery offering huge potential in the coming years.
Geographically, Asia Pacific holds the largest share in the lithium-ion battery market and accounted for 49.0% of the market in 2012. Japan and China are the major countries supporting the growth in this region. Japan is the leading manufacturer of lithium ion batteries globally. The manufacturers in these countries are focused to increase their sales in various regions. In addition, increasing adoption of HEVs in China is expected to fuel the growth in this region. Even though, North America is expected to see fastest growth, i.e., 15.5%, as it has been a pioneer in adoption of lithium-ion battery.

Automotive Energy Supply Corporation (AESC), A123 Systems LLC, GA Yuasa Corporation, Hitachi Chemical Co. Ltd., Johnson Controls, Inc., LG Chem Power, Inc., Panasonic Corporation, Samsung SDI Co. Ltd., Toshiba Corporation and China BAK Battery, Inc. are the popular players in the lithium-ion battery market. AESC holds major revenue share in 2012. The number of players in the lithium-ion battery market has increased in the last few years and more number of players is expected to enter this market in the coming years. However, global players are likely to collaborate with local players in order to expand their market in different regions.

The lithium-ion battery market has been segmented as follows for better understanding and to formulate winning strategies for the market players:

Lithium-Ion Battery Market by Material Type
  • Cathode
  • Anode
  • Electrolytic Solution
  • Others (Binders, Separators etc)

Lithium-Ion Battery Market by Application
  • Automotive
    • Cars
    • Bus and Trucks
    • Train and Airplanes
    • Other (e-scooter and e-bikes)
  • Industrial
    • Cranes
    • Valves
    • Mining
    • Smart Grid
  • Consumer
    • Mobile phones, smartphones and tablet PCs
    • UPS
    • Others
  • Others (Energy, Medical, Military)

Lithium-Ion Battery Market by Geography
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
Browse the full Lithium Ion Battery Market Report at http://www.transparencymarketresearch.com/lithium-ion-battery-market.html

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information

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