About Li-ion batteries
Li-ion batteries are used in electronics such as cell phones, smartphones, laptops, and tablets. High energy density and low self-discharge rate and maintenance have made Li-ion batteries more popular than other rechargeable batteries. The market will continue to expand, driven by the growing use of smartphones, laptops, and tablets globally. The applications of these batteries are widening and are expected to encompass EVs, medical devices, power tools, and ESS.
Technavio's analysts forecast the global Li-Ion battery market for the transportation sector to grow at a CAGR of 31.8% over the period 2014-2019.
Covered in this report
The report covers the present scenario and the growth prospects of the global Li-ion battery market for the transportation sector for the period 2015-2019. The market has been segmented on the basis of geography and application.
Technavio's report, Global Li-ion Battery Market for Transportation Sector 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the 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 in Transportation Sector 2015-2019
Technavio recognizes the following companies as the key players in the Global Li-ion battery Market in Transportation Sector: A123 Systems, AESC, Blue Energy, BMZ, BYD, China BAK Battery, Coslight, GS Yuasa, Johnson Controls, Hitachi, Kokam, LG Chem, Li-Tec, NEC, Panasonic, Samsung SDI, SK Innovation, Sony, Tianjin Lishen Battery and Toshiba
Other Prominent Vendors in the market are: ATL, Boston Power, Cell-Con, CNEBIKES, Ecsem, Electrovaya, Enerdel, hähnel Industries, Highpower International, HYB Battery, KAYO, Lenmar Enterprises, Minamoto, Shenzhen Blazepower Battery, Shenzhen Jixinglong, ShenZhen Sun Rise Digital and Sunwoda
Commenting on the report, an analyst from Technavio’s team said: “The increased demand for Li-ion batteries is driving manufacturers to develop next-generation technology batteries for electronic devices and vehicles. The Li-ion battery market is gradually shifting to high-energy silicon electrodes in place of conventional graphite ones. The new type of silicon electrode-based Li-ion batteries offer long-lasting energy for laptops and EVs. However, these batteries may also shrink and swell while in use or recharging, resulting in breakdown.”
According to the report, the cost of Li-ion batteries is decreasing rapidly owing to an increase in end-user application base. The cost of these batteries was four to eight times more than that of lead-acid batteries and one to four times more than Ni-MH batteries in 2010. However, the cost has decreased significantly since then, driven by the growing use of Li-ion batteries in BEVs, PHEVs, HEVs, uninterrupted power supply (UPS) systems, forklifts, consumer electronics devices, and backup power supplies. Manufacturers will increasingly be able to leverage economies of scale with growth in market size and production scales. The exhibit, on the right, shows the expected decrease in cost of Li-ion batteries by 2022.
Further, the report states that safety concerns such as threat of fire due to battery heating, pose a serious challenge to market growth.
A123 Systems, AESC, Blue Energy, BMZ, BYD, China BAK Battery, Coslight, GS Yuasa, Johnson Controls, Hitachi, Kokam, LG Chem, Li-Tec, NEC, Panasonic, Samsung SDI, SK Innovation, Sony, Tianjin Lishen Battery, Toshiba, ATL, Boston Power, Cell-Con, CNEBIKES, Ecsem, Electrovaya, Enerdel, hähnel Industries, Highpower International, HYB Battery, KAYO, Lenmar Enterprises, Minamoto, Shenzhen Blazepower Battery, Shenzhen Jixinglong, ShenZhen Sun Rise Digital, Sunwoda
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook