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Pike Research forecasts automotive Li-ion battery market to grow to almost $22B in 2020; China to become global leader in production by 2015

11 January 2013

Pikelibs
Total lithium-ion transportation battery revenue by region, world markets: 2012-2020. Source: Pike Research. Click to enlarge.

In a new report, Pike Research forecasts that the overall market for Li-ion batteries in light duty transportation will grow from $1.6 billion in 2012 to almost $22 billion in 2020.

Battery-electric vehicles will be the dominant vehicle technology for driving market growth, Pike suggests, because they utilize much larger battery packs than plug-in hybrid electric vehicles (PHEVs). Current BEVs use battery packs ranging from 16 kWh to 85 kWh compared to PHEV packs ranging from 4 kWh to 16 kWh, for example.

Pike also expects additional applications of Li-ion batteries in hybrid vehicles as models go through their update cycles.

The challenges for Li-ion battery manufacturers that will enable more PEVs to be sold are to improve energy densities, reduce charging times, increase cycle life, and reduce the cost per kWh. As the Li-ion battery market develops, there will be a consolidation of manufacturers; this has already started with several lithium ion battery manufacturers having filed for bankruptcy protection.

—“Electric Vehicle Batteries”

Pike anticipates that the Asia Pacific region will continue to be the global leader in both Li-ion production and consumption in the transportation industry, with support by major governments for aggressive goals in plug-in vehicle (PEV) production, creation of charging infrastructure, and incentives for consumer purchases.

Pike forecasts that China will likely succeed Japan as the leader in global automotive Li-ion battery production by 2015.

Although vehicle sales in North America represent some 37% of global light-duty automotive battery revenue, the US Li-ion battery manufacturing industry is still in an early stage of development, Pike notes. Pike expects the US Department of Energy (DOE) to continue its strong financial support for the industry through at least 2015 in an effort to meet the stated objective of increasing the US share of the global Li-ion battery market to 40%.

January 11, 2013 in Batteries, Forecasts, Plug-ins | Permalink | Comments (3) | TrackBack (0)

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Comments

This will be enough to equip between 8M and 12M electrified vehicles a year by 2020.

It is not a surprise that China will produce the majority of those batteries and it is done for other batteries today.

China and India will manufacture and use more than 50% of the worldwide electrified vehicles by 2020/2022.

Of course the 'Freeman Group' and 'Sovereign Group' members and supporters will not believe it.

"Pike expects the US Department of Energy (DOE) to continue its strong financial support for the industry through at least 2015 in an effort to meet the stated objective of increasing the US share of the global Li-ion battery market to 40%."

This will not happen. You see it right now. The GOP is attacking everything funded under the ARRA and so the battery industry funding too, and the DFL stand dumbfounded with no plan. Our leaders are not smart people. Smart people cannot win elections. The support for batteries is over. They took a shot, but the oil lobby stuffed it, so it's done.

The companies are weak in the US too. They were given half the money they needed to build manufacturing facilities and they still fail to compete. Seriously, we need these weaklings to fail before we can have more capable people rise up. You know that the current big industry in the US only exists because they can force the feds to give them all kinds of favors, including making regulations that prevent small capable companies from entering into direct competition with the larger businesses. One of the great hoaxes is that the EPA is too tough on business, when in reality the EPA protects large businesses from smaller ones by making a system that requires the same level of wasted compliance effort regardless of the size of the business. State and local governments contribute also to the protection of big business too. It's one thing to have laws, it's another to control information and hide information. No government in the US whether fed, state, or local wants the populace to be free from the bonds of forced labor for the largest corporations.

B4...large corporations (including USA's) have always operated where labor was cheapest, where taxes were lower and where environment and labor protection were weakest.

For the last 10+ years, they found all or most of those beneficial conditions in Asia, Mexico, Brazil and a few Eastern European countries.

This trend will continue unless USA, Canada and EU start to progressively impose compensation fees on all goods and services from countries with:

1. unfair low wages.
2. unfair low taxes.
3. low unfair labor protection.
4. low environment protection
5. unfair currency exchange.
6. with unfair credits and hand outs.

Compensation fees may start a trade war unless it is managed by an International Organisation without ties with losers and gainers.

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