Johnson Controls, LG Chem Ltd., and Panasonic are three key vendors highlighted in a new Technavio report
London, 11 May 2015 – Technavio has published a new report on the lithium-ion battery market for AEVs in Europe, which is expected to grow at a CAGR of more than 29% from 2015-2019.
Li-ion battery market segmentation including vehicle type and demand
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different AEV’s, including hybrid electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV) and battery electric vehicles (BEV).
The Li-ion battery market for AEVs in Europe is characterized by the presence of a large number of vendors like Primearth EV Energy, Blue Energy, Panasonic, LG Chem, Toshiba and Johnson Control.
“The European government is investing in lithium-ion battery charging stations to increase vehicle sustainability, which will play a major role in increasing the demand for battery-operated vehicles,” says Faisal Ghaus, Vice President of Technavio.
Li-ion Batteries: Market scope and calculation of market size
This report covers the present scenario and the growth prospects for Li-ion batteries for AEVs in Europe from 2015-2019. Market size is calculated by considering the overall Li-ion battery demand as per sales of HEVs, BEVs, and PHEVs.
Industry analysis includes:
Key Vendors:
- A123 System LLC
- Amperex Technology Ltd. (ATL)
- Blue Energy Co. Ltd.
- Johnson Controls Inc.
- Johnson Matthey
- LG Chem Ltd.
- Panasonic Corp.
- SAFT
- Toshiba Corp.
Market Growth Drivers:
- Increasing Passenger Vehicles and CO2 Emission Targets
- Stringent Emission Legislation
Market Challenges:
- Longer Duration of Charging Time
- High Internal Resistance
Market Trends:
- Increasing Investment in Charging Infrastructure
- Availability of Different Types of Li-ion Batteries
View the Li-ion Battery Market for AEVs in Europe report.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
