In 2014, consumer application and automotive account respectively for 60% and 25% of the total Li-ion battery market at the pack level (US$ 17 Billion). Other applications are mostly power tools (5%) and E-bikes (6%). Then, Energy storage systems, and industrial applications (stationary or motive) are mostly powered by lead acid batteries.
We expect to see Li-ion to take market share Vs. lead acid in the next few years. Lead acid is still dominant, but Li-ion may capture market share in forklift market, automatic handling equipment but also, in certain circumstances UPS, telecom, back-up systems, medical devices, marine, etc... Lithium ion battery, thanks to better energy density, longer lifetime, higher discharge current and lower self-discharge try to compete with lead acid and penetrate those markets despite higher capital cost and safety concerns.
In this presentation, we will detail 11 applications beyond consumer and automotive and give you realistic forecasts up to 2025 for Li-ion battery.