Lithium-Ion Market on Verge of Dramatic Growth

[wtmusic]

"With all the doom and gloom pervading the advanced battery industry over the past several months—from the bankruptcy of A123 to the fire on board Boeing’s 787 Dreamliner—the Frost & Sullivan report this week on the future of the lithium-ion market must seem a bit of a surprise to some. According to Frost & Sullivan, the global lithium-ion battery market in 2012 was $11.7 billion. That market is expected to double—that’s right, double—by 2016.

Where this growth is projected to occur is particularly interesting. Today, 64% of the lithium-ion battery market is in consumer batteries (i.e., laptops, cell phones, cameras, etc.). While further growth in the consumer battery market is expected through 2016, particularly in the developing world, consumer batteries are expected to constitute only 52% of the lithium-ion battery market by 2016.

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The real growth driver for the lithium-ion battery market, however, is something I have written about before: Economic growth in advanced economies depends upon making all aspects of modern technology more and more efficient. Greater efficiency will generally require the use of more electric current and its storage for that use in ever smaller mass. This fundamental fact of technology development is what ultimately drives Chinese and Western European government investment in lithium-ion battery technology and its applications. The U.S. government and U.S. economy ignore this fundamental fact at their great peril."

http://theenergycollective.com/jim-greenberger/189931/lithium-ion-battery-market-verge-dramatic-growth?utm_source=feedburner&utm_medium=feed&utm_campaign=The+Energy+Collective+%28all+posts%29

[RobertEarl]

1. Here's a job for the nukers

Take the worthless closed nuke plants and make huge batteries from the ruins. And this idea is in light of the fact that all 100 nuke plants on US soil need to be closed down, yesterday. PS: coal plants, too.

So, fret not nuke plant lovers, you do have a future!

And the rest of us, the natural plant lovers, will be glad you are back to doing something that won't kill all our plants... and us.