London, 29 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the li-ion battery market for e-bikes in China 2015-2019, which is expected to grow at a CAGR of 30% during the period of 2014-2019.
More than 90 cities in the country banned the use of gasoline-powered motorcycles, providing huge benefits to e-bike manufacturers. This move helped China curb CO2 emissions and aggressively focus on green energy. Li-ion battery-powered e-bikes are eco-friendly and help reduce road congestion and improve the quality of ambient air.
“There have been many R&D activities in the e-mobility industry, such as improvements in battery technology, resulting in products with reduced weight, lower costs, better performance, and longer life spans,” says Faisal Ghaus, Vice President of Technavio.
“Other research initiatives are focused on creating more efficient motors and controllers, and on increasing the safety and reliability of e-bikes.”
Key Market Drivers
- Increasing Usage of Li-ion Batteries in E-bikes
- Regulatory Support and Bans on Conventional Fuel-Powered Motorcycles
- Growing Demand for E-bikes and Favorable Government Policies
- Increased Number of Li-ion Battery Manufacturing Bases Migrating to China from Japan
- Higher Storage Capacity
Key Market Trends
- Increased Focus on Building Better Batteries
- Technological Innovation and Trend toward High-End Products
- Increasing R&D Activities in E-mobility Sector
- Growing Li-ion Battery Production
Key Market Vendors
- BYD
- Coslight
- Sinopoly
- Samsung SDI
- LG Chem
- Panasonic
- 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%…
