Research institutions analyze the lithium battery regional market

    1. North American market: Lithium battery will bloom in all fields, and its household and industrial fields have the largest revenue, and there is no application advantage in vehicle power lithium battery;

    2. European market: mainly inclined to industrial applications; but Germany and Switzerland are considered to be research and development centers for energy storage and batteries. Due to the more developed automobile industry, Germany is more inclined to use lithium batteries for vehicles.

    3. Asia-Pacific market: It is still the fastest growing region in the next three years. Lithium-ion battery production in China, Japan and South Korea has accounted for 85%-90% of the world's total. Among them, China has the world's largest producer of lithium-ion batteries, with more than 200 producing household batteries and 30-40 producing battery batteries. At present, the Chinese government is actively promoting electric vehicles, grid energy storage and smart grids. After many American battery manufacturers went bankrupt, they were snapped up by Chinese companies.

    Frost & Sullivan predicts that the market value of lithium batteries will double by $11.7 billion in 2012. Because the scale of the domestic lithium battery market is already large enough, although the domestic lithium battery has a greater profit, the lithium battery has the fastest development in the industrial field. The lithium battery application for the car is not as expected, but the demand will increase.