January 19, 2009: Worldwide nanotechnology thin film lithium-ion batteries are poised to achieve significant growth as units become more able to achieve deliver of power to electric vehicles efficiently, according to a new report by Electronics.ca Publications.
The market research network predicts the market for thin-film lithium-ion batteries will reach $9.1 billion by 2015, from $911 million in 2008.
According to the study, economies of scale leverage the lithium-ion battery nanotechnology advances needed to make lithium-ion batteries competitive. Unlike any other battery technology, the report said, thin-film solid-state batteries show very high cycle life. Using very thin cathodes batteries have been cycled in excess of 45,000 cycles with very limited loss in capacity. After 45,000 cycles, 95% of the original capacity remained.
Then there is the problem of translating the evolving technology into manufacturing process. What this means is that the market will be very dynamic, with the market leaders continuously being challenged by innovators, large and small that develop more cost efficient units. Systems integration and manufacturing capabilities have developed a broad family of high-power lithium-ion batteries and battery systems.
Electric Vehicles depend on design, development, manufacture, and support of advanced, rechargeable lithium-ion batteries. Batteries provide a combination of power, safety and life. Next-generation energy storage solutions are evolving as commercially available batteries. Lithium-ion batteries will play an increasingly important role in facilitating a shift toward cleaner forms of energy.