Rising demand for eco-friendly electric cars, coupled with government incentives, have accelerated the Lithium Battery Manufacturing industry to more than double in size over the five years to 2016. Moreover, the industry is projected to continue growing strongly over the next five years. Economic growth and the rising green movement will continue to lead demand for electric vehicles that use lithium-ion batteries. While government incentives are expected to decline slightly as stimulus funding reaches maturity, the industry will continue to rely heavily on state and federal government organizations to reduce operating costs and support research and development.
This industry manufactures primary and secondary batteries that use lithium as an anode. Industry products are most commonly used in vehicles and electronic devices such as cell phones, cameras, laptops, pacemakers and toys.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.