Where to Buy Lithium Ion Batteries

Lithium Ion Battery Cost Per kwh 2019

The cost of lithium-ion batteries have become a common topic because of the role it plays in some of the biggest conversations in recent times: the transition from fuel-powered cars to electricity-powered cars. The predictions are clear that the cars of the futures will be powered by lithium-ion batteries. However, how soon that is going to happen is dependent on the price of batteries. Apart from the possible applications of lithium-ion batteries in electric cars, lithium-ion batteries are generally a clean source of energy.

Research has established that there are going to be very few energy sources better than lithium-ion batteries in the nearest future because of the applicability of these batteries as well as the room for wider applications of lithium-ion batteries. For example, technologies are being developed to incorporate the use of lithium-ion batteries into existing systems. Research has also established that efforts at developing energy sources that can replace lithium-ion batteries have been futile. Thus efforts have been dedicated towards improving the quality of lithium-ion batteries as well as the accessibility.

Manufacturers of lithium-ion batteries have also continued to work at and implement measures that would enable the sales of lithium-ion batteries at cost-effective rates. These efforts include R&D efforts as manufacturers of lithium-ion batteries have particularly focused on improving their research and development team.

Studies have carried out on the price of lithium-ion batteries to project a trend and possible accessibility of the batteries in the nearest future. According to studies on the price of lithium-ion batteries that can power electric cars by Mack Institute's from 2010 to 2017, prices of these batteries have experience a 16% yearly decline from 2010 to 2017. The projections of this analysis on the prices of lithium-ion batteries for 2019 ranges from prices lesser than $140 to prices greater than $180. There was an 11% probability for prices lesser than $140 and a 14% probability for prices greater than $180. The highest projection was 33% for prices of $175 and $180.

Other studies have made findings which include possible increase and decrease in the prices of lithium-ion batteries. However, these studies have also reflected the trend of decreasing lithium-ion batteries cost over time.

Lithium Ion Battery Market

Lithium-ion batteries are rechargeable batteries that power a variety of appliances and devices, from the very portable devices to the smartphones and tablets. The popularity of these batteries grew with the widespread application from sectors such as automobile and military to sectors such as automobile. Lithium ion batteries have been especially favoured for use in automobiles as they offer a better alternative to other available options such as nickel batteries. These batteries are very high-energy density batteries. They are particularly favoured over batteries like nickel batteries because of their small size as well as light weight.

According to available, reports, in 2017, the global lithium ion battery market was valued at $30,186.8 million in 2017. Because of the projected application and growth of the market, it has been projected that the global lithium ion battery market will be worth $100,433.7 million by 2025. The growth of the market is related to factors such as the need for clean energy to reduce pollution. Although concerns have been raised over the safety of lithium ion batteries as well as the lack of charging station, there is a room for a lot of growth of the market. Manufacturers have also busied themselves with ways of improving these batteries and ensuring widespread use.

The lithium battery market is categorized according to end users as well as the types of batteries. The types of batteries include the lithium iron phosphate batteries that are applied in stationary as well as portable equipment. The types of lithium ion batteries also include the lithium nickel manganese cobalt batteries which are bound for improved application in automobiles. According to end-users, the global lithium ion battery market is divided into medical, marine, auto motive, consumer electronics, energy storage system andspecial and defense.

As per the use of lithium ion battery in automobiles, research has established that these batteries are the only energy source that has met established requirements for the charging time as well as driving time. These batteries are known for their fast charging abilities.

Developing trends in the market include the domination as the automobile sub-sector in 2018. Latest reports have also shown that the global lithium ion battery market has been dominated by the Asian countries such as China and India.

Custom lithium ion battery manufacturer

For 17 years, Large Power has provided high-quality custom lithium ion battery packs applied across different sectors. For these 17 years, we have remained committed to research and development towards providing high-tech custom lithium ion battery packs for worldwide users. They have maintained the status of world’s leading supplier of custom lithium ion battery over these years. Our products include portable power bank, power battery pack, backup battery pack, storage energy battery pack, and special usage battery users.

Our products are particularly tailored towards the power needs of clients and are applied in sectors such as medicine, military, finance, communication, security and protection, mining and logistics. We have also been a leading manufacturer of 3C and photovoltaic consumer products. In the 17 years that we have consistently delivered high-tech lithium ion battery solutions, we have worked on over 3,000 cases across the different sectors.

To ensure that the best products are developed consistently and that clients’ need are completely met while unleashing greater applications of lithium ion batteries, we put together a research and development teams that includes some of the best minds in their fields. Our R&D team has professors as well as associate professors and engineers as well as other experts who develop products that apply to the best practices and are highly efficient. Our R&D team is made up of over 60 persons.

In adhering to international standards, our products have certifications such as IEC61960, IEEE-1725, IEC62133, UL1642 and UL2054 amongst other international certifications. Our certifications include military certifications, product certifications and enterprise.

Having provided efficient energy solutions for establishments such as Walmart, Toshiba and Motorola, we are confident in our ability to lead the world towards a wider application of lithium ion batteries.