Press release
Lithium-Ion Battery Market is expected to reach $18.6 billion by 2017
Lithium-Ion Battery Market
The global market for lithium-Ion batteries at $9.4 billion in 2011 is expected to reach $18.6 billion by 2017. This market is expected to increase because it enables portable devices, power tools, portable electronics, laptops, cell phones and ultimately electric vehicles. System design is accelerating the value of cloud smarter buildings, roads, appliances, and bridges. All these markets represent tremendous opportunity for growth worldwide.
Li-Ion (Lithium-Ion) batteries are a type of rechargeable battery. Lithium ion batteries are one of the most common rechargeable batteries in portable electronics. Lithium ion batteries have one of the best energy densities, no memory effect, and a slow loss of charge when not in use, in comparison with other chemistries of rechargeable batteries.
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Lithium ion batteries are environmentally safe because there is no free lithium metal. They come in a variety of sizes such as AA, AAA, RCR123A, 18650, 9V, 2032 button cells, and more.
Fabrication methods have not yet scaled to large format batteries. This is because the cost of vacuum deposition has been prohibitive. Researchers are working to develop an alternative deposition process. It has the ability to make nanostructured electrolyte and electrode materials with chemistries that work at scale that is the challenge.
Every big automaker, battery maker, national lab and university materials-science department in the world has a team of PhDs whose lives consist of testing countless combinations of elements in an effort to build a thin film battery. There is a fundamental challenge in front of every battery organization to evolve efficient solid state batteries.
In considering the possible application of different batteries, it is important to know how much energy can be delivered at a specified discharge rate or discharge power. Graphs of the energy/cm2 can be delivered at a given power density for the lithium and lithium-ion batteries.
A low temperature deposition process for thin film batteries enables use of flexible, polymer foil as the substrate. This technology largely reduces the production cost of the thin film batteries. Successful development of a low temperature manufacturing process (
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