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Samsung SDI Expands Share in Small Battery Market
Widening Gap with LG Chem
Samsung SDI Expands Share in Small Battery Market
  • By Michael Herh
  • November 18, 2019, 13:43
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Samsung SDI increased its share of the market for small batteries used for smartphones and power tools in the third quarter of this year.

Samsung SDI's global small battery market share was 20 percent in the third quarter of this year, according to the Korean Financial Supervisory Service's Electronic Disclosure System, which is based on data compiled by Japanese market research company B3. The company’s share is lower than that in 2017 (21 percent) but slightly higher than last year (19 percent).

On the other hand, LG Chem’s market share reached 12.7 percent in the third quarter of this year, down from 13.8 percent last year. In 2017, LG Chem had a market share of 16.9 percent, which was 4.1 percentage point lower than Samsung SDI’s. But in the third quarter of this year, the gap widened to 7.3 percentage points.

Meanwhile, LG Chem ranked 4th in the world in the market of medium- and large-sized EV batteries, the main secondary battery market, outpacing Samsung SDI (6th). According to data on cumulative global EV battery use in August this year by energy market researcher SNE Research, LG Chem recorded a 10.9 percent share with 7.7 GWh and Samsung SDI held a 3.5 percent pie with 2.5 GWh.