Recent Reports Detail the Lithium Battery Market

At Battery Bob, we like to keep our customers informed, not just about our large inventory of high quality, low cost batteries, but about the battery industry overall. Lithium-ion batteries were recently in news, with discussions about the lithium-ion battery market. For example, consider a recent article from Green Tech titled "Is There Enough Lithium to Maintain the Growth of the Lithium-Ion Battery Market?”

Tam Hunt of Green Tech writes, "Lithium-ion batteries are the default choice for most personal electronics and most electric cars today because they have a higher energy density than other technologies. The lithium-ion battery revolution began in earnest in the early 1990s after Sony and several other companies released the first commercial version of the new battery technology. Now that lithium-ion batteries are the predominant choice for many applications, particularly electric vehicles, questions about the global supply of lithium are timely. In short, can lithium-ion batteries scale up with increased demand? With over a million electric vehicles (EVs) expected to be on the road globally by the end of 2015 and an increasing number of jurisdictions around the world focusing seriously on the growth of EV sales, we can expect strong growth in lithium-ion battery demand. Costs have come down steadily since the early 1990s. A recent peer-reviewed analysis found that lithium-ion battery prices have come down about 14 percent per year since 2007 and the long-term trend is also quite clear, in a standard learning curve effect, of 6 percent to 9 percent reduction in price for every doubling of production volume.”

Ecomento also discusses the lithium-ion battery market in a recent article titled "Lithium-ion battery makers ranked: Report.” The author of the article writes, "Navigant Research attempts to answer that question by ranking what it determined to be the 15 top lithium-ion battery manufacturers actively engaged in the energy-storage market. Theses companies were judged against 12 criteria, from technology and production strategy to product quality and pricing. Considering all of that, Navigant named LG Chem as the top lithium-ion cell manufacturer for energy storage, followed by Samsung SDI and BYD. Kokam and Toshiba took the number four and five spots, respectively, followed by Panasonic, which is the chief partner for the Tesla Motors ‘Gigafactory’ in Nevada. Batteries from the Gigafactory will eventually be used for Tesla’s energy-storage business.”

When it comes to lithium batteries, you won’t find a better selection than ours at Battery Bob. We’ve been a leading distributor of high quality, low cost batteries for just about any electronic device since 2002.

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