London, 27 March 2015 – Increased conversion efficiency of Li-ion fueled PHEVs/EVs will boost the growth of the Li-ion Battery Market for AEVs in the US, which is expected to post a CAGR of 21.46 percent from 2015-2019, says Technavio.
About the Report
The transportation sector currently accounts for almost 22 percent of the overall global CO2 emissions. The US government is promoting the adoption of electric cars in order to curb pollution and lessen the stress on depleting fossil-fuel reserves.
“The conversion efficiency of a Li-ion battery is much higher than that of any gasoline vehicle, which is expected to enrich the market for Li-ion batteries in PHEVs and BEVs in the coming years,” says Faisal Ghaus, Vice President of Technavio.
The latest Technavio report also draws attention towards various types of Li-ion batteries that are available for different applications.
“While lithium cobalt oxide batteries are ideal for cellphones, laptops and cameras, lithium manganese oxide batteries provide high thermal stability and enhance power output at lower currents,” says Ghaus.
Market Scope and Calculation of Market Size
The report covers the present scenario and the growth prospects of the Li-ion Battery Market for AEVs in the US from 2015-2019. To calculate the market size, the report considers the overall Li-ion battery demand as per the sales of HEVs and PHEVs.
Key Information Covered in the Report:
Key Vendors:
- Blue Energy Co. Ltd.
- Hitachi Ltd.
- LG Chem Ltd.
- Panasonic Corp.
- Toshiba Corp.
Market Growth Drivers:
- Higher Conversion Efficiency of Li-ion Fueled PHEVs/EVs
- For a full detailed list, view our report.
Market Challenges:
- Longer Charging Time
- For a full detailed list, view our report.
Market Trends:
- Availability of Different Types of Li-ion Batteries
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
