TechNavio today launched its report Global Automotive Lithium-ion Battery Market 2011-2015 based on an in-depth study covering North America, and Europe and the Asia. The report aims to aid decision makers and understanding of the key trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Automotive team said; ”The Global Automotive Lithium-ion Battery market is expected to witness a shift toward lithium-ion battery technologies. Within five years, a huge number of hybrid electric vehicles (HEVs), plug-in HEVs (PHEVs), and electric vehicles (EVs) are expected to run through lithium-ion batteries. The lithium-ion battery has high growth potential in the Global Battery market. After its successful applications in the Global Consumer Electronics market, this battery has been adapted into industrial applications, and it has also emerged as a preferred power source for cordless power tools and specific military and medical equipment. Based on these developments, lithium-ion batteries have entered into the Global Automotive market to power HEVs and EVs. In the coming years, it is expected that lithium-ion batteries can be well established in powering alternative vehicles.”
According to the report, increased investment in the expansion of alternative energy vehicles has increased the demand for lithium-ion batteries from electric vehicle manufacturers across the globe. Almost all the major automakers in the world have begun to develop EVs; EVs require rechargeable batteries to store energy. In addition, the number of charging stations developed for charging EVs is increasing. This helps to gain the trust of consumers planning to buy EVs, driving the demand for lithium-ion batteries for these vehicles.
Further, the report also discusses that the lack consumer confidence over the safety of the lithium-ion battery is a major threat to vendors in this market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-automotive-lithium-ion-battery-m…
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TechNavio Announces the Publication of its Report – Global Automotive Lithium-ion Battery Market 2011-2015
