Until now, the lithium ion battery market has been predominantly consumer-driven, with retail purchases accounting for 90 percent of sales. However, new, diversified applications including alternative energy vehicles, (Electric Vehicles/Plug-In Hybrid Electric Vehicles/Hybrid Electric Vehicles) and ESS (Electrical Storage Systems), are expected to provide the new growth engines.
As a result of their use in xEV and ESS, the lithium ion battery market landscape will undergo a profound change over the next 10 years, bringing huge increases in demand, profits in the billions of US dollars and competitive upheaval, especially among Korean, Japanese and Chinese producers, the report says.
In regards to ESS, Amadee+Company says there are basically two applications for storage batteries in the smart grid.
The first is to smooth out the burden on the power generation facility and adjust the balance of power supply and demand.
The second is in factories, office buildings, and homes, i.e. the end points of the smart grid, where they are charged with electricity produced by solar cells, then discharged when they are used on rainy days or late at night, when energy rates are low.
The report also provides a detailed look the total addressable market and growth rates for consumer, xEV and ESS applications between 2010 and 2020; Electric Vehicles/Plug-In Hybrid Electric Vehicles/Hybrid Electric Vehicles demand trends; major opportunities; battery technology trends; battery materials technology trends; battery technology, political and standards risks, challenges ahead; price trends; cost trends; and the global competitive landscape.
It also profiles 50 leading manufacturers in the sector and provides an insightful look at the rivalry in the sector between Japan, South Korea and China.
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