TechNavio recognizes the following companies as the key players in the Global Small Lithium-ion Battery Market: LG Chem Ltd., Panasonic Corp., Samsung SDI Co. Ltd., and Sony Electronics Inc.
Commenting on the report, an analyst from TechNavio’s team said: “Over the years, there has been a tremendous increase in technological advancements, which has led to a subsequent increase in the use of various electronics devices. This has in turn led to an increase in energy usage, mostly in the form of batteries. For instance, modern telecommunication devices such as mobile phones are being progressively equipped with various innovative features including multimedia messaging, internet accessibility, and TV viewing, which consume substantial battery power. Consequently, electronic devices nowadays lose their battery power within short time frames and therefore require frequent charging. As a result, there is an increased need for efficient and durable rechargeable batteries, and this has led to the growth of the Global Small Li-ion Battery market. The increasing sales of digital cameras that require substantial battery support are also expected to lead to the growth of this market. Thus, the increased usage of advanced electronic devices is a trend that is expected to influence the Global Small Li-ion Battery market to grow over the next few years.”
According to the report,the growth of the Global Small Li-ion Battery market is driven by several factors, one of which is the cost-effectiveness of Li-ion batteries. The raw materials used in the manufacture of these batteries are affordable than those used in other batteries such as nickel batteries.
Further, the report states that one of the major challenges in this market is the diminishing charging capacity of small Li-ion batteries. This low charging capacity is a result of deposits formed in the battery electrolyte, which have a negative impact on the performance of the battery. This can lead to volatility in the battery and permanently damage the battery. The consequently will in turn pose a challenge to the Global Small Li-ion Battery market.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Amperex Technology Ltd., Build Your Dreams (BYD) Battery Co. Ltd., China BAK Battery Inc., EVE Energy Co. Ltd., Shandong Heter Lampson Electronic Co. Ltd (a subsidiary of Heter Electronics Group Co. Ltd.), and Tianjin Lishen Battery Co. Ltd.
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 vendors. For further information on this report, please visit https://www.technavio.com/content/global-small-lithium-ion-battery-market…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy
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TechNavio Announces the Publication of its Research Report -Global Small Lithium-ion Battery Market 2012-2016
