Monday, 22 June 2015

Lithium-ion batteries prove to be a predominant choice for electronic devices and electric cars

Lithium-Ion Battery are practically ubiquitous in daily life. Every portable computing device from laptops and mobiles to high-definition cameras and tablets are using Lithium-Ion batteries to power up their devices. Even large utilities are adopting these batteries to support the grid structure of power and sources of renewable energy.

Giant manufacturing plants under the various prominent companies are taking advantage of opportunity in the surge of demand of the Lithium-Ion batteries. Take for instance, General Electric Co. has recently announced a deal with Con Edison Development to build a battery system that would supply eight megawatt hours to the electric grid in California's Central Valley. These batteries which are used to store the electricity, will invariably be lithium ion units which will be outsourced by GE.

Compared to other rechargeable batteries, Lithium ion batteries (Similar Report)are equipped with advance features such as high energy densities, zero memory effect, and a slow loss of charge when kept idle along with being low-maintenance and a durable device. The automotive industry specifically, plug-in vehicles is the driver for propelling demand for lithium-ion batteries. In addition, electric vehicle and smart computing technology with increased functionalities employ the technology of lithium ion batteries. The development of Sensor networks also offers an impetus to the growth of thin film solid state devices. Thin film lithium batteries are expected to reach an energy density as high as 1000 Wh/l.

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For global power battery manufacturers, winning the support of big carmakers can provide inflection point for markets. There are many studies conducted by market analysts which tracks the share, size, market segmentation and detailed market forecasts of Lithium-Ion Battery Market.

Recently Research Beam has added a report titled “Lithium-Ion Battery Market Shares, Strategies, and Forecasts, Worldwide, 2011 to 2017”. The report offers an in-depth insight into the marketing profile of leading companies, their business strategies, manufacturing processes, market conditions in terms of key drivers and restraining factors.

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