About Li-ion battery
Li-ion batteries are rechargeable batteries used for powering various devices and applications. They have the highest electrochemical potential. Li-ion batteries generate power by moving ions from a negatively charged anode to a positively charged cathode. During discharge, ions move from the anode to the cathode releasing energy. However, during charging, electricity from the adapter forces ions to return to the anode. Once the adapter is removed, the cycle starts all over again. With time, the charge holding capacity of a Li-ion battery deteriorates because of the lack of movement of ions that are trapped in the anode. Advantages such as compact size, light weight, enhanced power, and high capacity have led to increased demand for these batteries in various segments.
TechNavio's analysts forecast the Li-ion Battery Market in APAC to grow at a CAGR of 12 percent over the period 2014-2019.
Covered in this report
The Li-ion battery market in the APAC has been segmented based on key countries and applications.
TechNavio's report, Li-ion Battery Market in APAC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Li-ion battery market landscape in the APAC 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 – Li-ion Battery Market in the APAC 2015-2019
Technavio recognizes the following companies as the key players in Li-ion Battery Market in the APAC 2015-2019: Automotive Energy Supply Corp., BYD Co. Ltd, Coslight Technology International Group, GS Yuasa Corp., Kokam Co. Ltd., LG Chem, Panasonic Corp., Samsung SDI Co. Ltd., Shenzhen BAK Battery Co. Ltd., Sinopoly Battery, SK Innovation Co. Ltd., Sony Corp. and Tianjin Lishen Battery Co. Ltd.
Other Prominent Vendors in the market are: Amperex Technology, Hitachi, Toshiba, Primearth EV Energy, A123 Systems, Highpower International, HYB BATTERY, Kokam, SCUD Group, Sealed Energy Systems, Shenzhen Blazerpower Battery, Shenzhen Jixinglong Industry, Shenzhen Kayo Battery Sunwoda, TDK Corp and Vitzrocell
Commenting on the report, an analyst from Technavio’s team said: “Many South Korean firms such as LG Chem and Samsung SDI are becoming supply focal points for end-users, mainly for consumer electronics products because of their impressive cost competitiveness. Currently, Japanese automotive companies have the lead in terms of technological development and commercialization. It is likely that companies from other regions will enter because of the immature nature of the market. Many companies from South Korea are increasing their presence in the Li-ion batteries segment in EVs, which will lead to an increase in the market share for South Korea in the global market. In addition, companies are increasing their production capacity to increase exports and to meet high demand for Li-ion batteries from the automotive, consumer electronics, and industrial segments in the developing countries. Li-ion battery manufacturers in South Korea have competitive advantages as the cost of manufacturing per unit is relatively less than Japanese firms.”
According to the report, the growing pollution and decreasing fossil fuel reserves has raised government attention toward the use of EVs. Increasing carbon emissions have increased global warming at an alarming rate, which has forced countries worldwide to curb their carbon emissions. Various countries across the APAC are providing incentives to support zero emission cars such as EVs, PHEVs, and BEVs. Countries such as Japan, South Korea, and China are providing subsidies to promote EVs in the market.
Further, the report states that lack of a charging infrastructure for EVs is curtailing the growth of the Li-ion battery market in South Korea.
Automotive Energy Supply Corp., BYD Co. Ltd, Coslight Technology International Group, GS Yuasa Corp., Kokam Co. Ltd., LG Chem, Panasonic Corp., Samsung SDI Co. Ltd., Shenzhen BAK Battery Co. Ltd., Sinopoly Battery, SK Innovation Co. Ltd., Sony Corp., Tianjin Lishen Battery Co. Ltd., Amperex Technology, Hitachi, Toshiba, Primearth EV Energy, A123 Systems, Highpower International, HYB BATTERY, Kokam, SCUD Group, Sealed Energy Systems, Shenzhen Blazerpower Battery, Shenzhen Jixinglong Industry, Shenzhen Kayo Battery Sunwoda, TDK Corp and Vitzrocell
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