London, 11 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the global li-ion battery market for consumer electronics 2015-2019, which is expected to grow at a CAGR of 3.6 % during the forecast period of 2014-2019.
“The cost of Li-ion batteries is decreasing rapidly as these devices find an increasing number of end-user applications. These batteries find higher use in many applications like BEVs, PHEVs, HEVs, uninterruptible power supply, forklifts, consumer electronics and back-up power supplies.”
“China’s share in the Li-ion battery market has been growing steadily since ten years. The country’s extremely business-friendly environment and cheap and high quality labor has attracted Li-ion production facilities,” says Faisal Ghaus, Vice President of Technavio.
“China is aggressively increasing its Li-ion battery production considering the demand from consumer electronics and EVs and in the power sector, medical sector and the defense sector.”
Key Market Drivers
- Decreasing Cost of Li-ion Batteries
- Advances in Technology
- Growing Internet Connectivity
Key Market Trends
- Growing Li-ion Battery Production in China
- Growing Adoption of Laptops in Educational Industry
- Emergence of Smartphones in Developing Economies
Key Market Vendors
- BYD
- LG Chem
- Panasonic
- Samsung SDI
- Shenzhen BAK
- 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%…
