Global Li-ion Battery Market for Consumer Electronics 2015-2019
About Li-ion battery
A Li-ion battery is a rechargeable battery with the highest electrochemical potential. It is mostly used in consumer electronics such as laptops, cell phones, tablets, and notebook PCs. It is also used in EVs and finds application in the medical, power, and defense sectors. Li-ion batteries have high energy density, are more compact and lightweight, and do not generate any harmful metal on disposal when compared to lead acid or any other rechargeable batteries. Hence, these are more preferred in comparison to other rechargeable batteries.
Technavio's analysts forecast the global Li-ion battery market for consumer electronics to grow at a CAGR of 3.6 percent over the period 2014-2019.
Covered in this report
The global Li-ion battery market for consumer electronics has been segmented based on: application (cell phones, laptops, and tablets) and geography (APAC, Americas, and EMEA).
Technavio's report, Global Li-ion Battery Market for Consumer Electronics 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Li-ion Battery Market for Consumer Electronics 2015-2019
Technavio recognizes the following companies as the key players in Global Li-ion Battery Market for Consumer Electronics 2015-2019: BYD, LG Chem, Panasonic, Samsung SDI, Shenzhen BAK, Sony and Tianjin Lishen Battery
Commenting on the report, an analyst from Technavio’s team said: “Li-ion battery production has grown tremendously in China since 2005. Japanese manufacturers dominated the Li-ion battery market for decades. However, since the major setbacks in 2008 and 2011, Japan's share has fallen dramatically and has been taken by South Korea and China. The country's extremely business-friendly environment and cheap and high quality labor has attracted Li-ion production facilities.”
According to the report, the cost of Li-ion batteries is decreasing rapidly as these devices find an increasing number of end-user applications. Li-ion batteries cost about four to eight times more than lead acid batteries and one to four times more than Ni-MH batteries in 2010. However, the costs have reduced significantly because Li-ion batteries find higher use in many applications such as BEVs, PHEVs, HEVs, uninterruptible power supply, forklifts, consumer electronics, and back-up power supplies. As the market grows and production scales up, manufacturers will be able to enjoy significant economies of scale.
Further, the report states that the price rise of the Li-ion batteries can affect the growing electric and hybrid car industry.
BYD, LG Chem, Panasonic, Samsung SDI, Shenzhen BAK, Sony, Tianjin Lishen Battery