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Korea to Overtake Japan in Lithium-Ion Battery Market

Published:5/27/2011 4:18:26 PM    View:2859
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Korean manufacturers are overtaking their Japanese rivals in the lithium-ion battery market, repeating the story of the semiconductor, shipbuilding and TV industries. Japanese manufacturers had a solid lead in the global lithium-ion battery market for the last 20 years, with the product touted as the next growth engine of the electronics industry.

The Institute of Information Technology, a Japanese IT market research firm, in a recent report forecast Korea will replace Japan as the leader of the mid-sized to small lithium-ion battery market with an estimated global market share of 38.5 percent this year compared to 38.4 percent for Japan.

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