London, 16 September 2015 – Technavio has published a new report on the global Li-ion battery market in the transportation sector, which is expected to grow at a CAGR of more than 21% from 2015-2019.
About the Report
The new market analysis by Technavio highlights the rapid decrease in cost of Li-ion batteries, which is driven by the increasing use of Li-ion batteries in BEVs, PHEVs, HEVs, UPS systems, forklifts, consumer electronic devices, and backup power supplies.
“With the decrease in cost of Li-ion batteries, manufacturers will increasingly be able to leverage economies of scale with growth in market size and production scales,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also emphasizes the development of next-generation batteries for electronic devices and vehicles, which is mainly due to the increased demand for Li-ion batteries.
“The Li-ion battery market is steadily shifting to high-energy silicon electrodes in place of conventional graphite ones, as these batteries offer long-lasting energy for laptops and EVs,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the Li-ion battery market in the transportation sector from 2015-2019. To calculate the market size, we have considered the overall demand as per the sales of EVs, e-bikes, and e-buses.
Key Information Covered in the Report:
Key Vendors:
- A123 Systems
- AESC
- Blue Energy
- BYD
- Coslight
- Hitachi
- LG Chem
- Panasonic
- SAFT
- Toshiba
Market Growth Drivers:
- Decrease in cost of Li-ion batteries
- For a full detailed list, view our report.
Market Challenges:
- Competition from aluminum batteries
- For a full detailed list, view our report.
Market Trends:
- Development of next-generation batteries
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
