About li-ion battery for AEVs
A li-ion battery is a rechargeable battery and is used as a power source in AEVs. In AEVs, it is used as an alternate source of power while in BEVs and PHEVs, it is used as a primary source of power. BEVs and PHEVs use electric motors for propulsion, which is powered by a li-ion battery. The application of li-ion battery is high in BEVs and PHEVs, because of its high energy density and longer life span compared to other rechargeable batteries. AEVs use both IC engine and electric motors for propulsion. The use of the double fuel system makes AEVs expensive, efficient, and the preferred choice among end-users. The use of battery-operated vehicles helps reduce carbon emissions and the dependence on other fossil fuels. The battery used in AEVs is automatically charged during transportation through a regenerative braking mechanism. The voltages required for charging is typically ranging between 110 V and 440 V for residential or commercial charging socket.
Technavio's analysts forecast the li-ion battery market for AEVs in Germany to grow at a CAGR of 24.2% over the period 2014-2019.
Covered in this report
The report covers the present scenario and the growth prospects of the li-ion battery market for AEVs in Germany for the period 2015-2019. The market is segmented on the basis on the following: demand type (new demand and replacement demand) and vehicle type (HEVs, BEVs, and PHEVs).
Technavio's report, the Li-ion Battery Market for AEVs in Germany 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 includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Li-ion Battery Market for AEVs in Germany 2015-2019
Technavio recognizes the following companies as the key players in Li-ion Battery Market for AEVs in Germany 2015-2019: A123 Systems, Blue Energy, Deutsche ACCUmotive, Johnson Matthey Battery, Johnson Controls, LG Chem, Li-Tec Battery, Panasonic, Primeearth EV Energy and Toshiba
Other Prominent Vendors in the market are: AESC, BYD, Hitachi, SAFT, Samsung SDI and Shenzhen BAK battery
Commenting on the report, an analyst from Technavio’s team said: “The German government is investing heavily in charging stations to increase sustainability of battery-operated vehicles. The availability of charging stations plays a major role in determining the demand for battery-operated vehicles. Moreover, the success of EVs mainly depends on battery performance and charging infrastructure. EVs need more charging stations to overcome charging problems and ensure customer satisfaction. The government is investing considerably in charging infrastructure to increase EV penetration.”
According to the report, the growing demand for AEVs would propel overall market growth considerably. Germany is increasingly investing in charging stations, which has drawn the attention of many foreign players. The need for better sustainability among battery-operated vehicles is fueling the demand for charging stations in the country.
Further, the report states that lack of effective charging infrastructure and long charging time are expected to hamper the growth of the market during the forecast period.
A123 Systems, Blue Energy, Deutsche ACCUmotive, Johnson Matthey Battery, Johnson Controls, LG Chem, Li-Tec Battery, Panasonic, Primeearth EV Energy, Toshiba, AESC, BYD, Hitachi, SAFT, Samsung SDI, Shenzhen BAK battery