Battery Production Market to Remain Strong
There have been numerous reports about the battery market and how the tragic earthquake that has devastated parts of Japan could lead to a shortage. While it is true that Japan is home to numerous production sites, for not just batteries, but components for computers, cars and other technology, analysts are saying that consumers should not be adversely affected.
Most companies have a supply buffer already in place, and other plants throughout the world are stepping up production efforts to meet continued demand for Lithium-ion batteries especially, which are used to power a wide variety of consumer devices including smart phones and laptops. Battery manufacturers are also turning to alternative components sources besides those in the devastated parts of Japan to ensure supply remains constant.
The Japanese company Kureha, for one, which supplies a critical component that is used in lithium-ion batteries and in batteries used for electric vehicles, previously held over 70 percent of the market for the polymer. For the short term, companies in the U.S. and neighboring companies are stepping up demand. Once the Japanese companies are able to begin operations again, there will still be plenty of business for everyone, as demand of batteries is expected to only continue in the coming years.
While the sources and production of components for batteries may be shifting—at least temporarily—safety checks and quality control will be maintained and even stepped up so that the consumers can feel confident in the battery products they receive.
Impact Battery extends its deepest sympathy for the victims of the Japanese earthquake and is taking steps to support those who have lost their home and livelihood. A portion of every purchase made by buying a battery product from our company goes to charity through our IMPACT Community Program. We support the American Red Cross and the Doctors Without Borders charities, both of whom have extended great assistance to those in need in Japan.
