Lithium-ion (Li-ion) batteries are used in many areas of our daily living:

Mobile phones

Computers

Cameras

Power tools

Powered motion e.g. bicycles, cars and golf carts

The use of Li-ion is expanding rapidly in the Material Handling Equipment Market with manufacturers offering Li-ion as an intergrated solution across their product ranges

Material Handling Equipment Current Market:

95% Lead-Acid

Less than 5% Li-ion - estimated (25% growth forecast per annum over the next 5 years)

Source: Hawker-VDI conference 2016