Lithium Batteries: Markets and Materials
The global lithium battery market was worth almost $6.5 billion at the wholesale level in 2008. The market is predicted to reach more than $11 billion in 2013 and is expected to total $13.4 billion in 2018, with a five-year compound annual growth rate (CAGR) of 4%.
- An overview of the market for lithium batteries and materials.
- Analyses of market trends, with data from 2012, estimates for 2013, and projection of compound annual growth rate (CAGR) for the period 2013 to 2018.
- Details about the six commercial and developmental lithium battery types, nearly 30 commercialized electrode couples, and more than 1,000 specific designs.
- Coverage of the global primary and secondary markets that provides the basis for a detailed analysis of lithium battery materials technology.
- Identification of the following sectors: Portable products, medical products, implantable, not implantable, stationary applications, military/aerospace, and automotive and motive power; and in materials, electrode materials and active elements, lithium battery electrolytes, and battery separators.
SCOPE OF THE REPORT
This report begins with a discussion of primary and secondary lithium battery technologies and markets.
The following lithium battery markets are analyzed:
- Portable products
- Computing, communications, and multifunctional
- Medical products
- Not implantable
- Stationary applications
- Computer memory preservation
- Uninterruptible power supplies
- Load leveling and alternative energy storage
- Automotive and motive power
- Industrial electric vehicles (traction)
- Plug-ins and hybrid vehicle motive power (EVs and HEVs)
- Automotive security
The report then concentrates on lithium battery materials:
- Electrode materials and active elements
- Cobalt compounds
- Conductive polymers
- Copper compounds
- Electrolytic manganese dioxide
- Inorganic carbon
- Lithium metal and compounds
- Nickel metal and compounds
- Rare earth compounds
- Sulfur compounds
- Vanadium compounds
- Lithium battery electrolytes
- Battery separators
These market sectors are defined, leading global companies are identified, and the markets analyzed (including a 5-year market projection).
Lithium battery companies are identified and profiled. Each profile includes points of contact and a discussion of structure, description, and activity.
Donald Saxman is an industry-recognized expert in gas separation and oil recovery through carbon dioxide injection. His experience in both markets and technologies for corrosion inhibitors, and industrial gas end uses informs his research. While working for Zellweger Analytics as a subcontractor to Boeing Aerospace, he was quality assurance manager for the design, manufacture and testing of an organic carbon monitor for the International Space Station and its water recycling system. Saxman has worked with BCC Research as analyst and author for more than 20 years, and his reports include market research on lithium batteries and solid oxide fuel cells. He holds a bachelor's degree in geology from the University of Indiana.
- Overall sales in the lithium battery market were worth $9 billion in 2008, and decreased to $8.6 billion in 2009. By 2014, sales are projected to increase to $9.9 billion, for a 5-year compound annual growth rate (CAGR) of 2.8%.
- The largest segment in the market, the secondary, was valued at $7.9 billion in 2008. This is expected to decrease to $7.5 billion in 2009, and is projected to reach more than $8.6 billion in 2014, for a 5-year CAGR of 2.9%.
- Sales in the primary lithium battery segment were worth $1.1 billion in 2008, and were to remain flat in 2009. By 2014, they are projected to increase to $1.3 billion, for a 5-year CAGR of 2.7%.
The U.S. lithium battery material market was worth more than $3.4 billion in 2000 and grew to over than $5.6 billion in 2006. To put this in perspective, BCC estimates that the entire U.S. battery market was worth nearly $33 billion in 2006 (much of this for lead-acid automotive batteries).
Nonrechargeable (primary) lithium batteries were worth $975 million in 2006 and the world market should grow to a projected $1.2 billion (constant 2006 dollars) in 2012, a compound annual growth rate (CAGR) of 3.7%.
The rechargeable secondary lithium battery market was approximately $4.6 billion in 2006 but should grow to more than $6.3 billion by 2012, (CAGR) of 5.6%.
The U.S. lithium battery material market grew to more than $2 billion in 2003. Rising at an average annual growth rate (AAGR) of 4.7%, this market will reach $2.7 billion in 2009.
Put into perspective, the entire U.S. battery market will be worth more than $13 billion in 2004 (much of this for lead-acid automotive batteries).
Nonrechargeable (primary) lithium batteries were worth $312 million in 2002 and the U.S. market should grow to a predicted $522 million in 2009, at an AAGR of 5.7%.
The rechargeable secondary lithium battery market was approximately $1,410 million in 2002 but should grow to more than $2.1 billion by 2009.
The U.S. lithium battery market is estimated at $1.9 billion in 2001.
Growing at an average annual rate (AAGR) of 9%, the market is expected to reach nearly $3 billion in 2006.
Secondary batteries dominate the market. Sales are estimated at $1.6 billion in 2001, and are likely to rise at an AAGR of 10.1% to $2.6 billion in 2006.
Primary batteries make up a small portion of sales—$0.3 billion in 2001—and are expected to grow at an AAGR of only 2.5% to $0.4 billion in 2006.
Growth for the market as a whole through 2011 is expected to average 10.3% per year, with secondary batteries, at an AAGR of 11.4%, to lead the way once again.