London, 01 April 2015: Technavio, the independent tech-focused global research firm, has published a report on the Li-ion Battery Market in Japan 2015-2019, which is expected to grow at a CAGR of 20.6 percent during the forecast period of 2014-2019.
The technological advances in various end-user products are expected to result in an increase in the amount of energy consumed by products, which will increase the need for efficient and long-lasting rechargeable battery technologies such as Li-ion batteries.
High demand for Li-ion batteries is being seen from automobile manufacturers as they are using alternative energy storage systems to increase vehicle performance and efficiency and to decrease climate change issues in the country as these batteries are environmental friendly.
“The growing demand for various electronic devices such as mobile phones, laptops, notebooks, and cameras is resulting in the increased demand for Li-ion batteries,” says Faisal Ghaus, Vice President of TechNavio.
“These batteries are most suitable for consumer electronic goods as they possess the best weight to energy ratio, which implies that the battery has high power density while maintaining its lightweight nature, which is of prime importance in consumer electronics. Li-ion batteries also have protection circuit that ensures safety, making it more compatible to use in electronic products.”
Key Market Drivers
- Decreasing Cost Trend of Li-ion Batteries
- Government Support for EVs
- Efficient and Fast Charging
- Advances in Technology
Key Market Trends
- Growing Influence of Consumer Electronics Segment
- Availability of Different Types of Li-ion Batteries
- Shift in Li-ion Battery Manufacturing Base
- Increased Competition among Vendors
Key Market Vendors
- Automotive Energy Supply Corp. (AESC)
- GS Yuasa Corp.
- Hitachi
- Panasonic Corp.
- Sony Corp.
- 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%…
