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LG Chem and Samsung SDI Score Highest in Navigant Research Assessment of Lithium Ion Battery Manufacturers, According to Navigant Research

A new Leaderboard Report from Navigant Research examines the strategy and execution of 15 leading lithium ion (Li-ion) battery manufacturers, including vendor profiles, ratings, and rankings, with the goal of providing industry participants an objective assessment of these companies’ relative strengths and weaknesses in the market.

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. Click to tweet: According to a new Leaderboard report from Navigant Research, LG Chem and Samsung SDI lead the Li-ion grid storage market in terms of strategy and execution.

“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,” says Anissa Dehamna, principle research analyst with Navigant Research. “Both companies have positioned themselves as global manufacturers and can offer consistently low prices for quality Li-ion cells.”

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.

The report, Navigant Research Leaderboard Report: Li-Ion Grid Storage, examines the strategy and execution of 15 leading Li-ion battery manufacturers that are active in the stationary energy storage market. These players are rated 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. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the global Li-ion stationary storage market. An Executive Summary of the report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant is a specialized, global professional services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals deliver expert and advisory work through implementation and business process management services. The firm combines deep technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism to address clients’ needs in highly regulated industries, including Construction, Energy, Financial Services and Healthcare. More information about Navigant can be found at navigant.com.

* The information contained in this press release concerning the report, Navigant Research Leaderboard Report: Li-Ion Grid Storage, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

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