Custom Lithium Polymer(Lipo) Batteries and its emerging place in the market
The demands of liPo batteries in its available variants as round liPo batteries, curved liPo batteries and custom shaped liPo batteries is increased as evident from the recent market trend for its use, which underscores its growing importance to be used as power sources for electronic devices such as overhead earphones, smart watches, medical seners in future. The imperative factor behind driving this trend is its growing use as a power source in wearable device, IoT applications mainly. Its potential relevance is due to its capability of delivery power to such devices which requires power for a long period of time with a frequent energy burst.
Custom LiPo batteries which actually are lithium-ion polymer batteries are characterized as rechargeable batteries with polymer electrolyte instead of a liquid one. While at a global scale it can be seen as bifurcated into categories based on its varying applications and power capacity, which is segmented into range starting from 0.1 Wh to 10 KWh. Besides its use in customary electronic devices, it has also its applications in sectors like automotive and energy grid station. Moreover, it enables the electronic devices to use its important features such as GPS Navigation, wireless communications, video connections, etc for the longer duration of time.
On the other hand, the relevance of liPo and custom lipo batteries has witness leap even in industrial hand held electronic devices i.e GPS chips, bar code scanners, and RF identification communications as well. Where the prospect of a boost in its demand in foreseeable future is increasing, the few hindrances in the form its high manufacturing cost is also in place that could deter the expected mainstreaming of lithium polymer batteries to be used in every set of electronic devices. On the other hand, the demand for its substitute owing to safety concerns due to its high energy density and low self-discharge cycle has cast limit to its wider use across the globe. Besides, a new report consisting of cross sectional analysis over all aspects of varying dynamics including collected revenue, market size and growth rate among many is published recently accounting more than 150 pages, could help in shaping perspective for the future of this technology.
However, considering different aspects of factors involves in driving or restraining the prospects of future emergence of liPo batteries, researchers, while in the light existing market performance of lithium polymer batteries, are certain of its importance as a valuable source of power for customary electronic devices and beyond. While despite having constraints as aforementioned, historical market assessment is of help in predicting the future growth in the market which is expected to exhibit a positive trend in the foreseeable future. In the same pretext, different manufacturers giants have expressed desire to embark on manufacturing lithium-ion polymer battering, where Huizou Markyn New Energy Co. holds place as the biggest manufacturer producing non rechargeable soft packaged primary liPo batteries with the initial investment of 30 million RMB, includes custom round liPo batteries, curved liPo batteries as their specialized products among many.