- Japan, China and South Korea are the Leading Countries in the Lithium-ion Battery Market
More than 70 percent of the Global Li-Ion Battery is dominated by the Consumer Electronics sector. This is as per the latest research findings by the independent London-based research firm, TechNavio. The findings are for the forecast period 2012-2016.
As per research analysis, the consumer electronics sector is dominating this market due to the increasing demand for Li-ion batteries in various portable consumer electronics devices, such as cell phones, laptop PCs, power tools, tablets, medical devices and UPS systems. The Global Li-Ion Battery market in the consumer electronics sector will grow at a CAGR of 13.2 percent during the forecast period. The industrial sector and the automotive sector will closely follow this.
Speaking on this occasion, one of the senior analysts and co-author of this report said, “On the basis of applications, the Global Li-ion Battery market in the Consumer Electronics sector is categorized into the following segments: Smartphones, Notebooks, Slate PCs (tablets), Power Tools and Others. In 2012, the Smartphones segment accounted for the largest share of the Global Li-Ion Battery market in the consumer electronics sector with 38.29 percent, followed by the notebooks segment and the slate PCs and power tools segment, which will be continuing during the forecast period.”
Globally, this market is highly competitive with a number of vendors offering solutions in this market. The players are competing against each other on numerous factors such as brand recognition, product quality, reliability, durability, energy density and price. It is expected that the Global Li-Ion Battery market will be continuing to evolve and that global and more diversified manufacturers will be having a competitive advantage over other companies, by offering better products at a competitive price. Some of the prominent vendors in the Global Li-Ion Battery market include Panasonic, Samsung SDI, LG Chem and Sony Electronics.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of drivers, challenges, and trends of this market featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in order of importance.
If you are interested in more information on this topic and our upcoming research on Global Lithium-ion Battery Market 2012-2016, please send an e-mail to media@technavio.com
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Lithium-ion Battery Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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