Lithium battery industry has huge potential for future growth

BEIJING, CHINA: Frbiz.com, one of China's leading B2B search platforms, predicts the lithium battery industry has huge potential for growth in the future.

Frbiz's industry analyst said that the lithium battery industry, which has the largest market share in the small rechargeable batteries market, has developed rapidly in recent years; it has become the most widespread form of chemical batteries.

Relative to lead-acid batteries, nickel cadmium batteries, nickel metal hydride batteries and other secondary batteries, lithium batteries have a higher energy density and a longer cycle life, their self-discharge rate is smaller, and they are more environmentally friendly. Lithium batteries have become more widely used as technology advances have lead to more portable electronic products, new energy transport and storage, among other innovations.

Lithium batteries are widely used in portable electronic products such as laptops, mobile phones, digital cameras and digital video cameras. Among them, laptops and cell phones use them the most often. Since 2008, the financial crisis has had an impact on the global consumer electronics market. But with the national policy of graduated economic stimulus, laptops, mobile phones and other portable electronic products' sales have maintained a good momentum.

Meanwhile, with 3G next generation Internet and other new information technology trends, the portable electronic products market will maintain long-term prosperity. For example, in the Chinese market, 3G mobile phone production and sales growth is fast, with total annual sales of 6,637 million sets, up 90% year-on-year.

Recently, Apple introduced the iPad, which immediately set off a new boom in the global information and electronics industry. Products such as these create a demand for lithium batteries, to improve security, performance and cycle performance. This will also lead to an increase in demand for cathode material for high-capacity lithium batteries. Lithium batteries can also be used in electric vehicles.

With the global oil shortage and the deterioration of climate and the environment, as well as other challenges facing the world regarding energy conservation and developing new energy-saving measures and reducing waste emissions, batteries will become more and more important.

Lithium batteries field have important applications in the field of energy conservation; first, they can solve network electricity problems. Second, wind energy, solar energy, and tidal energy are intermittent energy sources, while a lithium energy storage device uses clean energy and can release it steadily, which can effectively alleviate shortages of energy.