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The Lithium-Ion Batteries Market and the Wide Range of Applications


News provided by

FinancialBuzz.com

Aug 25, 2016, 11:03 ET

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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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FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site for advertising such companies. Financialbuzz.com has been compensated ten thousand dollars for financial news pr services by a non-affiliated third party for oakridge global energy solutions inc. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. We do not undertake to update any of the information on the Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security.  FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

Media Contact:

Danny A.
[email protected]
+1-877-601-1879

SOURCE FinancialBuzz.com

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