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Lithium Polymer Battery Market

08-31-2018 08:57 AM CET | IT, New Media & Software

Press release from: Transparency Market Research

Lithium polymer (LiPo) battery or more accurately known as lithium ion polymer battery is a rechargeable battery found in a pouch format. LiPo battery uses polymer electrolyte instead of commonly used liquid electrolyte. This battery primarily works on the principle of de-intercalation and intercalation of lithium ions from positive electrode materials to negative electrode materials. For the purpose of providing detailed analysis, global lithium polymer battery market can be segmented on the basis of power capacity, application and geography. Based on power capacity, the market has been bifurcated into 5–25 Wh, 18–28 KWh, 48–95 Wh, 100–250 KWh and more than 300 KWh. On the other hand, Lithium polymer battery finds its application across various consumer electronic devices, automotive and energy grid system among others. In addition, cross sectional analysis of all the above mentioned segment is provided in this report across various regions including North America, Europe, Asia Pacific, Middle East and Africa (MEA) and Latin America.

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Lithium polymer battery is expected to see adoption at a large scale in the hand-held electronic devices such as laptops, mobiles, and cameras among others. Any electronic devices that requires frequent burst of power for a long period of time can be powered with a lithium polymer battery. The features such as video calling, cameras, wireless communications, GPS (Global Positioning System) navigation and high-fidelity audio found in consumer electronic products today can be operated efficiently for a longer period of time with the help of lithium ion batteries. Similarly, the other industrial hand-held devices such as RFID (Radio-frequency identification) communications, bar code scanners, display refreshes, GPS chips and audio amplifiers can also be operated more efficiently with the help of Lithium polymer battery.However, high manufacturing cost is one of the primary factor predicted to deter the market growth of lithium polymer battery in the coming years. Increased manufacturing cost of battery increase the overall price of the end products, thereby affecting the demand negatively. This in turn is predict to limit the demand of lithium polymer battery from various application segments. Moreover, safety concern involved with the usage of lithium polymer batteries coupled with increasing demand of its substitute, lithium ion battery owing to high energy density and low self-discharge cycle is another important factor expected to restrain the demand of lithium polymer battery across various regions.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend 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.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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