Li-ion Battery Market for AEVs in Japan 2015-2019
About Li-ion Battery for AEVs
A li-ion battery is used as a power source in AEVs. In HEVs, it is used as an alternative source of power, and in BEVs and PHEVs, it is used as primary sources of power. BEVs and PHEVs use an electric motor for the engine 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 long life span compared to other available rechargeable batteries. HEVs use both IC engine and electric motor for propulsion. The use of two fuel systems makes HEVs expensive, efficient, and preferred choice among end-users. In addition, the use of battery-operated vehicles helps to reduce carbon emissions and dependence on other fossil fuels. The battery used in AEVs is automatically charged during the transportation through regenerative braking mechanism and is completely refilled or recharge through various range of voltages from 110 volts to 440 volts power supply of residential or commercial charging socket.
TechNavio's analysts forecast the Li-ion Battery market for AEVs in Japan to grow at a CAGR of 11.2 percent 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 Japan for the period 2015-2019. The Li-ion Battery market for AEVs in Japan is segmented on the basis of the following: vehicle type (HEVs, PHEVs and BEVs) and demand (new demand and replacement demand). TechNavio's report, the Li-ion Battery Market for AEVs in Japan 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. Key Vendors
Technavio Announces the Publication of its Research Report – Li-ion Battery Market for AEVs in Japan 2015-2019
Technavio recognizes the following companies as the key players in the Li-ion Battery Market for AEVs in Japan: AESC (Automotive Energy Supply Corporation), Blue Energy, Hitachi, LG Chem Ltd., Panasonic Corp. and Toshiba Corp.
Other Prominent Vendors in the market are: Primearth EV Energy and Sony.
Commenting on the report, an analyst from Technavio’s team said: “Advances in technology over the years have led to increased usage of various battery operated devices worldwide. This has led to an increase in energy usage and propelled battery adoption in Japan considerably. EVs and PHEVs are being increasingly equipped with various innovative features such as GPS navigation systems, modern power train systems, which also include AC systems, power windows, and display drives providing real-time information about battery charge level.”
According to the report, growing global pollution levels and decreasing fossil fuel reserves have prompted the government to shift its focus to the use of electric vehicles. The increasing global carbon emissions have made the threat of global warming more pronounced, which has forced countries worldwide to initiate suitable measures to curb carbon and GHG emissions.
Further, the report states that the long charging time of Li-ion batteries is hindering the Li-ion Battery market for AEVs in Japan considerably. EVs and PHEVs must be recharged every day depending on the distance traveled by the car. Therefore, battery efficiency determines the success of EVs and PHEVs. The long charging time is considerably hampering the growth of EVs, thereby affecting battery sales across the country.
AESC, Blue Energy, Hitachi, LG Chem, Panasonic, Toshiba, Sony, Primearth EV