Lithium Ion Accumulator is an electrical device capable of charging and discharging. It consists of a positive and a negative electrode divided by separator and electrolytic solution. The accumulator charges / discharges by having a chemical reaction between the positive and negative electrode material.
Although with the increase in urban population, demand for electronic goods has led to an exponential growth in market for Lithium Ion Accumulators, the lack of awareness hampers the growth market for the same. There is rigorous testing for Lithium Ion Accumulators because of its flammable nature due to presence of electrolyte. Currently most of the Lithium Ion Batteries are used in laptops, PCs and mobile phones.
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Demand for efficient systems using sustainable energy has grown in the past decade. Advancement and need for electric cars has increased. These cars need high power batteries and this has increased market for Lithium Ion Batteries. To overcome the issue of electrical supply, Lithium Ion accumulators are coming into picture. They gained spotlight after the earthquake in Eastern Japan which caused electricity issues. The market for Lithium Ion accumulators is expected to grow to 40 Billion USD by 2022.
Apart from the lack of awareness of benefits of Lithium Ion Accumulators, various other factors contribute to the market dynamics. Various transport regulations and taxes are levied on amount of lithium being transported which hinders import and export of Lithium for these accumulators. The stringent testing done on Lithium Ion Accumulators also engulfs the market for the same.
The market for Lithium Ion Accumulators can be segmented based on their shapes. There are three segments available – Cylindrical, prismatic and laminate. Cylindrical Accumulators are mostly used in laptops and PCs, Prismatic Accumulators are used in mobile phones that require thin and compact power sources.
Laminated Accumulators are wrapped in Aluminum laminate. They are more flexible in design. They are increasingly being used in smartphones, tablet PCs and electric vehicles.
The main regions for Lithium Ion Accumulators are Japan, South Korea, China and the US.
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The key players in Lithium Ion Accumulator Market are Hitachi, Toshiba, Panasonic, Asahi Kasei, Samsung SDI, TDK Corporation, China BAK, Sony, LG Chem and Amperex Technology Limited.
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