Technavio recognizes the following companies as the key players in Li-ion Battery Market in South Korea 2015-2019: Kokam, LG Chem, Samsung SDI and SK Innovation.
Other Prominent Vendors in the market are: Enertech International and Vitzrocell.
Commenting on the report, an analyst from Technavio’s team said: “Many South Korean firms such as LG Chem and Samsung SDI are becoming supply focal points for end-users, mainly for consumer electronics products because of their impressive cost competitiveness. Currently, Japanese automotive companies have lead in terms of technological development and commercialization. It is likely that companies from other regions may enter because of the immature nature of the market. There is a growing presence of many companies from SouthKorea in the Li-ion battery segment in EVs, which will lead to an increase in market share for South Korea in the global market.”
According to the report, the growth of the Li-ion battery market in South Korea is driven by several factors, one of which is the growing number of Li-ion battery patents and R&D in the country. These are used for measuring the competitiveness of a country in the Li-ion battery industry.
Further, the report states that the lack of charging infrastructure for EVs is curtailing the growth of the Li-ion battery market in South Korea.
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/report/lithium-ion-li-ion-battery-market-in-south-korea-2015-2019
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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