London, 23 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global small Li-ion battery market 2015-2019, which is expected to grow at a CAGR of 6.6% during the forecast period of 2014-2019.
The increasing demand for portable devices is one of the critical factors that is expected to boost the prospects of growth in this market. The market is dominated by the mobile phones batteries segment as all mobile devices run on Li-ion batteries. These batteries provide longer battery backup time and are highly compatible with any or all electronic devices. Recently, it has been noticed that the demand for small and lightweight devices is rising. This increase in demand is augmenting the popularity of Li-ion batteries as they can store energy for longer periods of time and can also be manufactured in small and thin sizes.
“Li-ion batteries have higher density, high cell voltage, a good cycle life, and a low self-discharge rate, which results in effective power supply to mobile phones and other consumer products. The life span and performance of a Li-ion battery largely depends on the charge current, cell voltage, and charge capacity,” says Faisal Ghaus, Vice President of Technavio.
“A constant voltage and current supply will result in a high charge capacity for Li-ion batteries. In addition, the other advantage of Li-ion batteries is that their life span can be boosted by using a partial discharge cycle.”
Key Market Drivers:
- High Compatibility with Consumer Electronic Products.
- Decline in Cost of Consumer Electronics Products.
- Decreasing Cost of Li-ion Batteries.
- Increased Number of Li-ion Battery Manufacturing Bases in China.
Key Market Trends:
- Growing Influence of Consumer Electronics Segment.
- Growing Li-ion Battery Production in China.
- Efficiency and Faster Charging.
- Emergence of Smartphones in Developing Economies.
Key Market Vendors:
- BYD
- China BAK
- LG Chem
- Panasonic
- Samsung SDI
- Sony
- Tianjin Lishen Battery
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
