NEW YORK, August 25, 2016 /PRNewswire/ --
The popularity of lithium-ion batteries is growing. A
recent research report by Allied Market Research claims that this
market is expected to generate revenue of about $46 billion by 2022, which represents CAGR of
10.8% for the forecasted period of 2016 - 2022. Lithium-ion
batteries are researchable and are currently used in many of our
portable devices. Recently however, the usage has become more wide
spread. Oakridge Global Energy Solutions, Inc. (OTC: OGES),
China BAK Battery Inc. (NASDAQ: CBAK), FMC
Corp (NYSE: FMC), AES Corp (NYSE: AES), Albemarle
Corporation (NYSE: ALB)
There are several reasons for the expected growth of the
lithium-ion battery market. First lithium-ion batteries play a very
important role in the automotive sector. Second, is continues
growing demand for smartphones, tablets, and other electronic
devices, and third is the increase in government regulations which
are meant to reduce the increasing pollution levels, enhancing
efficiency of lithium-ion batteries.
As an example of how wide the range of applications for
lithium-ion batteries can be, we can look at companies like
Oakridge Global Energy Solutions, Inc. (OTCQB: OGES).
Oakridge Global Energy Solutions have several battery lines: the
Pro Series for Golf Cars and the Patriot Series for the high-end
hobby market, which have now been followed by the Freedom Series
for living space power storage applications, and the Liberty Series
of lightweight, highly powerful starter motor batteries for
motorcycles, jet skis, snowmobiles, boats, cars and trucks.
Oakridge Global Energy's battery systems comprised of large and
small format prismatic lithium cells.
Last week Oakridge Global Energy Solutions, Inc. (OGES)
announced the purchase of state-of-the-art Lithium-ion battery
manufacturing equipment worth $1.2 million
USD. Steve Barber, CEO and
Executive Chairman of Oakridge, announced, "We have just purchased
the most advanced electrode coating and drying machine available,
one that is designed specifically for Lithium-ion battery
manufacturing. This sophisticated equipment will initially be
utilized by Oakridge for research and development applications, but
eventually will also be used by tertiary education students at our
newly created Oakridge Center for Advanced Energy Technology
(C-Tech) located in Palm Bay,
Florida."
China BAK Battery Inc. (NASDAQ: CBAK) through
its subsidiaries, is engaged in the manufacture, commercialization
and distribution of various standard and customized lithium ion
(Li-ion) high power rechargeable batteries. It manufactures over
five types of Li-ion rechargeable batteries, such as aluminum-case
cell, cylindrical cell, lithium polymer cell and high-power lithium
battery cell. Its customers include electric vehicle manufacturers,
electric bicycle manufacturers and battery pack manufacturers.
FMC Corp (NYSE: FMC) is another company which is
consistently innovating when it comes to lithium batteries, to find
better ways to meet world's growing demand for longer lasting
batteries for tablets, phones, power tools, EV cars and even
power plants. The FMC Lithium segment manufactures lithium for use
in a range of lithium products, which are used in energy storage,
specialty polymers and chemical synthesis application.
AES Corp (NYSE: AES) is a good example of how companies
in the ion battery market are working to reduce pollution. AES now
in contract with Southern California Edison to provide the world's
largest storage lithium-ion battery which will be capable of
holding and delivering over 100 megawatts of power an hour for four
hours. The goal is to replace the traditional gas plant and help
southern California to keep peak
loads in control. The plant will come on line in 2021.
When manufacturers benefit, so are suppliers. Albemarle
Corporation (NYSE: ALB) in with its Performance Chemicals
segment consists of three product categories: Lithium, Performance
Catalyst Solutions and Bromine. Lithium is developed and sold to
companies for a wide range of use.
According to the report, it is the Asia-Pacific region that is the largest
revenue-generating region in this market, followed by North America. This is also expected to be the
heist growing region, as demand for consumer electronics and in
electric vehicles in China,
Japan, and India is expected to grow faster in
North America.
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