Navigant Research Ranks LG Chem, Samsung SDI As World’s Leading Lithium-Ion Battery Makers
According to Navigant Research, two Korean companies LG Chem and Samsung SDI are best positioned in the lithium-ion battery market for the energy storage systems.
They are followed by a few Chinese, Korean and Japanese companies among a total of 15 evaluated over the strategy and execution on 12 criteria – vision, go-to market strategy, partners, production strategy, technology, geographic reach, sales, marketing, and distribution, product performance, product quality and reliability, product portfolio, pricing, and staying power.
Well, there is no Tesla in the paper, but Panasonic is mentioned among the contenders.
“Due to an attractive combination of energy density, efficiency, and price points, Li-ion is emerging as a go-to technology for many energy storage system developers. In recent years, two Li-ion battery manufacturers have emerged as leaders in the grid storage market based on sound strategy, diverse target markets, well-developed manufacturing capabilities, and strong partnerships.”
“Although large, leading multinational players have emerged as market leaders, niche entrants are well-positioned to grow with the grid storage market, according to the report. Companies often specialize in one or more subchemistries of Li-ion, which are better suited for certain applications on the grid, creating a diverse and competitive manufacturing landscape.”
Anissa Dehamna, principle research analyst with Navigant Research, said:
“LG Chem and Samsung SDI, both based in South Korea, have market-leading businesses for the electric vehicle and consumer electronics markets, which has created a foundation allowing for economies of scale through manufacturing.“Both companies have positioned themselves as global manufacturers and can offer consistently low prices for quality Li-ion cells.”
Well, we are not sure how to evaluate this work by Navigant Research, but if you are interested in the full report, here it is – Navigant Research Leaderboard Report: Li-Ion Grid Storage.