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Global Lithium Battery Market 2011-2015

TechNavio’s analysts forecast the Global Lithium Battery market to grow at a CAGR of 13.64 percent over the period 2011-2015. One of the key factors contributing to this market growth is the variety in applications and benefits of lithium batteries. The Global Lithium Battery market has also been witnessing increased focus of the Electric Vehicle industry on lithium battery technology. However, the functional limitation of lithium batteries could pose a challenge to the growth of this market.

TechNavio’s report, the Global Lithium Battery Market 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Lithium Battery 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 dominating this market space include LG Chem Ltd., Samsung SDI Co. Ltd., SANYO Electric Co. Ltd., and Sony Electronics Inc.

Other vendors mentioned in the report: China BAK Battery Inc., Build Your Dreams (BYD) Battery Co. Ltd., Panasonic Corp., Hitachi Maxell Ltd., Amperex Technology Ltd., Tianjin Lishen Battery Co. Ltd., SGS SA, NEC Corp., E-One Moli Energy Corp., A123 Systems Inc., Boston-Power Inc., EVE Energy Co. Ltd., Hipower New Energy Group Co. Ltd., Jiujiang Owell Industrial Co. Ltd., Power Glory Battery Tech (HK) Co. Ltd., Shandong Heter Lampson Electronic Co. Ltd., Shenzhen Hailei New Energy Co. Ltd., Shenzhen JKN Battery Co. Ltd., Shenzhen Shirui Battery Co. Ltd., SK Energy Co., Wuhan Lixing (Torch) Power Sources Co. Ltd., Wuhan Fute Technology Co. Ltd., and Wuhan Intepower Co. Ltd.

Key questions answered in this report:

What will the market size be in 2015 and at what rate will it grow?

What key trends is this market subject to?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the opportunities and threats faced by each of these key vendors?

What are the strengths and weaknesses of each of these key vendors?

You can request one free hour of analyst time when you purchase this report. Details provided within the report.

TechNavio Announces the Publication of its Report – Global Lithium Battery Market 2011-2015

TechNavio today launched its report Global Lithium Battery Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.

Commenting on the report, an analyst from TechNavio’s Clean Tech team said; ”The Global Automotive market is expected to witness a shift toward Li-ion battery technologies. Currently, the Global Automotive market is focused on lead-acid and nickel-metal hydride (NiMH) batteries for electric vehicles (EVs) and hybrid electric vehicles (HEVs). Within five years huge numbers of HEVs and plug-in hybrid electric vehicles (PHEVs), and all EVs are expected to run through Li-ion batteries, and this will create high growth potential for the Global Lithium Battery market. Further, after its successful applications in the consumer electronics appliances, the lithium battery has been adapted into industrial applications, and it has also emerged as a preferred power source for cordless power tools and specific military and medical equipment. Based on these developments, lithium batteries have entered into the Global Automotive market to power HEVs and EVs. In the coming years, it is expected that Li-ion batteries can be well established in powering alternative vehicles. These future growth prospects of lithium batteries in the EV industry are one of the major upcoming trends in the Global Lithium Battery market.”

According to the report, the variety in the applications of lithium batteries is one of the major factors driving the Global Lithium Battery market. Lithium batteries are used as disposable batteries in various fields such as toys, cameras, clocks, flash lights, and portable music systems. The batteries have a prospect in the EV industry in the coming years. Further, lithium batteries are less pollutant compared to other vehicle battery technologies, such as lead-acid and nickel-metal hydride (NiMH) batteries. Additionally, another benefit of the lithium batteries is that they have the longest battery life, which leads to fewer batteries going to landfills. All these benefits together act as a major growing factor for the Global Lithium Battery market.

Further, the report also discusses that one of the key challenges in the market is the functional limitation of lithium batteries.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
Source researchmarkets.com

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