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, cellphones, tablets, and notebook PCs. In addition, it finds application in EVs and 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 unlike other rechargeable batteries and hence more preferred compared to other rechargeable batteries.
TechNavio's analysts forecast the Li-ion battery market in China to grow at a CAGR of 17 percent over the period 2014-2019.
Covered in this report
The Li-ion battery market in China has been segmented based on application (consumer electronics, automotive, industrial and power application) and type (lithium cobalt oxide, Li-ion nickel cobalt manganese, lithium manganese oxide, and lithium iron phosphate).
TechNavio's report, Li-ion Battery Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report 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 – Li-ion Battery Market in China 2015-2019
Technavio recognizes the following companies as the key players in Li-ion Battery Market in China 2015-2019: A123 Systems LLC BYD Co. Ltd., China BAK Battery Co. Ltd., Coslight Technology International Group, LG Chem, Panasonic Corp., Samsung SDI Co. Ltd., Sinopoly Battery Ltd, Sony Corp. and Tianjin Lishen Battery Co. Ltd.
Other Prominent Vendors in the market are: ATL, Ecsem, KAYO, Minamoto, SCUD, Shenzhen Blazepower Battery (BPB), Shenzhen Jixinglong and Sunwoda.
Commenting on the report, an analyst from Technavio’s team said: “The production of Li-ion batteries has grown in China since 2005. Japanese manufacturers dominated the Li-ion battery market for decades. However, post the global financial crisis of 2008-2009 and the 2011 Fukushima disaster, Japan's market share fell considerably. South Korea and China were the direct beneficiaries of the loss of Japan's market share as most Li-ion battery manufacturers started to shift to these countries.”
According to the report, growing pollution levels, coupled with decreasing fossil fuel reserves, has prompted China to shift its attention toward the use of EVs. The Chinese government has set a target of manufacturing 500,000 EVs by end of 2015. It has encouraged the adoption of EVs and is providing incentives to meet these targets. It launched several initiatives in 2009-10 under the clean and green energy development initiative and introduced the Ten City, One Thousand Cars plan, which primarily aims at increasing the adoption of EVs in the country.
Further, the report states that pollution concern in China may raise Li-ion battery prices will affect the growing electric and hybrid car industry in the country.
A123 Systems LLC BYD Co. Ltd., China BAK Battery Co. Ltd., Coslight Technology International Group, LG Chem, Panasonic Corp., Samsung SDI Co. Ltd., Sinopoly Battery Ltd, Sony Corp., Tianjin Lishen Battery Co. Ltd., ATL, Ecsem, KAYO, Minamoto, SCUD, Shenzhen Blazepower Battery (BPB), Shenzhen Jixinglong, Sunwoda
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