Ion dominates lithium battery market
By Staff -- Purchasing, 2/10/2000
Lithium ion rechargeable batteries represent almost 80% of the total lithium battery market, according to market researcher Frost and Sullivan. Most other lithium batteries are primary cells, including lithium sulfur dioxide, thionyl chloride, manganese dioxide and polycarbon monofluoride.In 1998, a total of 1.13 billion lithium cells valued at $2.55 billion were shipped. Of those shipments, 295 million units were lithium ion cells, with a revenue value of $2.01 billion. By 2005, 1.09 billion lithium ion batteries valued at $4 billion will ship. At the same time, the total lithium battery industry will ship 2.75 million units amounting to $4.94 billion.
Lithium thionyl chloride cells represent 3.6% of the market in units and 5.5% of market revenue. In 2005, this chemistry will represent 3.4% of unit shipments and 6.4% of revenue. The battery chemistry is being used in toll tag systems, aerospace equipment applications, offshore oil and gas exploration, and IT devices, says Frost and Sullivan.
Lithium polycarbon monofluoride is about 2.8% of total unit shipments and 3.1% of total revenue. Demand for this chemistry is expected to remain stable throughout the forecast period due to competition from other lithium batteries.
Lithium manganese dioxide shipments will grow in units and dollars.
In 1998, unit shipments reached 743.5 million cells while revenue reached $230.5 million. In 2005, demand from portable equipment and search and rescue equipment will drive unit shipments to 1.5 billion and revenue to $435 million.
Lithium sulfur dioxide cells, which are used in military and aerospace equipment, will also grow.
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