It is inevitable for lithium-ion battery to replace nickel metal hydride battery and lead acid battery. With prices continuously decreasing, li-ion battery is replacing lead acid battery and ni-mh battery at a fast speed. In consumer electronics field, lithium-ion battery has almost taken the latter’s replace. Demand for lithium battery on smart mobile phone and tablet PC is fast growing in 2012. This battery has been used on 70% power tool field. Following, it will completely occupy fields of electric vehicle, UPS, electric bicycle and grid energy storage.
Statistics has shown that market penetration rate of lithium battery in electric bicycle in 2011 is 2.5%. With the substantial price decrease and industry rectify to lead acid battery, cost-effective li-ion battery is becoming quite apparent and market penetration rate will rapidly grow. It is predicted that by 2015, market penetration rate in electric bicycle field will reach 20%-30% and market scale 6-9 billion.
In addition, UPS new products have used more and more lithium-ion battery. Currently, market scale of UPS lead acid battery is 12 billion. If lithium battery occupy 30% of this market, whole lithium battery market will increase by 10%. Yet explosive growth of lithium battery application lie in electric vehicle. ... Read the rest of the entry...
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