London, 05 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the Global Li-ion Battery Market for AEVs 2015-2019, which is predicted to grow at a CAGR of 22.8% during the period of 2014-2019.
The new demand for Li-ion batteries is expected to grow significantly during the forecast period, driven by the growing demand for Li-ion batteries from the OEMs of PHEVs, HEVs, and BEVs worldwide.
Li-ion battery-fueled vehicles provide a better and more viable option for long-term purposes as they incur minimal maintenance costs and have a longer life span compared with other battery types. They also help reduce CO2 emissions and noise pollution levels.
“Various types of Li-ion batteries are available in the market for different applications. End-users can opt for Li-ion batteries that suit their requirements,” says Faisal Ghaus, Vice President of Technavio.
“Lithium cobalt oxide batteries are ideal for cellphones, laptops, and cameras because of their high current densities. The control circuit prevents overcharging and ensures these batteries are safe for use.”
Key Market Drivers
- Increased number of Li-ion battery manufacturing bases in China
- Supportive government initiatives
- Higher conversion efficiency of Li-ion-fueled PHEVs/EVs
- Decrease in cost of Li-ion batteries
- CO2 emission targets in EU
- Increased demand for PHEVs
Key Market Trends
- Availability of different types of Li-ion batteries
- Advances in technology
- High investment in LiFePO4 manufacturing plants
- Increased investment in charging infrastructure
- Increase in employment opportunities
Key Market Vendors
- A123 Systems LLC
- Automotive Energy Supply Corp. (AESC)
- Blue Energy Co. Ltd.
- BYD Auto Co. Ltd.
- Coslight Pvt. Ltd
- Hitachi Ltd.
- Johnson Matthey
- LG Chem Ltd.
- Panasonic Corp.
- SAFT
- Sinopoly Battery Ltd.
- Tianjin Lishen Battery Co. Ltd.
- Toshiba Corp.
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%…
