Li-ion Batttery Market for AVEs in the Netherlands 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 the Netherlands to grow at a CAGR of 23 percent over the period 2014-2019.
Covered in this report
The Li-ion battery market for AEVs in the Netherlands has been segmented based on vehicle and demand type.
Technavio's report, Li-ion Battery Market for AEVs in the Netherlands 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. 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 – Li-ion Batttery Market for AVEs in the Netherlands 2015-2019
Technavio recognizes the following companies as the key players in Li-ion Batttery Market for AVEs in the Netherlands 2015-2019: A123 Systems, Blue Energy, Deutsche ACCUmotive, Johnson Controls, LG Chem, Panasonic, Primearth EV Energy, Samsung SDI and Toshiba
Other Prominent Vendors in the market are: AESC, BYD, Hitachi, Li-Tec and Shenzhen BAK Battery
Commenting on the report, an analyst from Technavio’s team said: “Over the years, there have been many advances in technologies, which have led to the increased usage of various battery-operated device worldwide. This has led to an increase in energy usage, especially batteries. EVs and PHEVs are being increasingly equipped with various innovative features such as GPS navigation system, modern powertrain system which also includes AC system, power windows, and display drive gives the real-time information about battery charge level, which consume a substantial amount of battery power. EVs expend their battery power in a shorter time and, therefore, require frequent charging. As a result, there is an increased need for efficient and durable rechargeable batteries, which has led to the growth of the Li-ion battery market for AEVs in Europe. Thus, increased usage of powertrain systems in EVs and PHEVs has increased the usage of high power density Li-ion batteries.”
According to the report, the high growth potential for AEVs in the Netherlands has recently gained the attention of many international Li-ion battery manufacturers. For instance, LG Chem, a South Korea-based Li-ion manufacturer began production of Li-ion batteries for AEVs in the Netherlands in 2013. The company supplies Li-ion batteries to the Chevrolet Volt, among other electric vehicles. The production volume of Li-ion batteries is dependent on the demand for AEVs and the number of contracts secured. It is likely that with growing demand for AEVs, the market for Li-ion battery in the country will grow further.
Further, the report states that battery stamina determines the success of EVs and PHEVs and long charging cycles are hampering the growth of EVs.
A123 Systems, Blue Energy, Deutsche ACCUmotive, Johnson Controls, LG Chem, Panasonic, Primearth EV Energy, Samsung SDI, Toshiba, AESC, BYD, Hitachi, Li-Tec, Shenzhen BAK Battery