According to South Korean media reports, South Korean investment in the next ten years up to 15 trillion won (about 12.5 billion U.S. dollars) that in the global rechargeable battery market dominance. South Korean Ministry of Knowledge Economy said South Korea’s Samsung and LG in the global rechargeable battery market, currently has a 38% market share, but the rechargeable batteries used in components and technology, the actual market share of Korean companies less than 20%.
According to report, with the mobile information technology products, electric cars and convenient storage batteries and other areas, environmental protection growing demand for energy, rechargeable lithium batteries is expected over the next decade the global market size will be 12.3 billion U.S. dollars this year, based on the growth of five times, to 77.9 billion USD.
As of 2009, South Korea, Japan and Chinese companies control the global rechargeable battery production 95% market share, Japan’s Sanyo to 20% of the market share leading position, ahead of Samsung SDI and the subsequent share 19% of the respective LG Chem market share. Sony and BYD, respectively with 12% and 7% of market share.
It is reported that South Korean government said that if the progress of research and development projects as scheduled, South Korean technological capabilities should be able to meet the current industry leader in the 80% level, South Korean battery manufacturers in the global market share will amount to 50%.
