The
global market was worth USD 11.70 billion in 2012 and is expected to
reach USD 33.11 billion in 2019, growing at a CAGR of 14.4% from 2013
to 2019. Due to the increasing demand and huge potential of
lithium-ion battery in consumer, automotive and industrial sectors,
Asia Pacific was the largest market for lithium-ion batteries in
2012.
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the full report with complete TOC at Global Lithium Ion
Battery Market
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The
lithium-ion battery market is primarily driven by improving
efficiency of battery and increasing application in EVs and HEVs and
energy, medical and military. In addition, stringent government
regulations related to carbon emissions in regions such as Europe,
North America and China is supporting its growth. At the same time,
higher life cycle as compared to lead nickel, nickel cadmium and
nickel metal hydride batteries is expected to increase L-I demand in
the coming years. High price as compared to other batteries and the
risk of overheating are the factors inhibiting lithium-ion battery
growth globally. However, the price is coming down and will have a
positive impact on the market in the coming years.
Among
different application sectors, the consumer sector is the largest
followed by automotive in 2012, and is expected to maintain its
position throughout the estimated period. Growing adoption of these
batteries in consumer electronic products such as digital cameras,
cellphones and tablet PCs is expected to fuel its growth in the
estimated period. Energy, medical and military sectors are the
emerging sectors for lithium-ion battery offering huge potential in
the coming years.
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Geographically,
Asia Pacific holds the largest share in the lithium-ion battery
market and accounted for 49.0% of the market in 2012. Japan and China
are the major countries supporting the growth in this region. Japan
is the leading manufacturer of lithium ion batteries globally. The
manufacturers in these countries are focused to increase their sales
in various regions. In addition, increasing adoption of HEVs in China
is expected to fuel the growth in this region. Nevertheless, North
America is expected to see the fastest growth, i.e., 15.5%, as it has
been a pioneer in the adoption of the lithium-ion battery.
Automotive
Energy Supply Corporation (AESC), A123 Systems LLC, GA Yuasa
Corporation, Hitachi Chemical Co. Ltd., Johnson Controls, Inc., LG
Chem Power, Inc., Panasonic Corporation, Samsung SDI Co. Ltd.,
Toshiba Corporation and China BAK Battery, Inc. are the popular
players in the lithium-ion battery market. AESC holds major revenue
share in 2012. The number of players in the lithium-ion battery
market has increased in the last few years and more number of players
is expected to enter this market in the coming years. However, global
players are likely to collaborate with local players in order to
expand their market in different regions.
The
lithium-ion battery market has been segmented as follows for better
understanding and to formulate winning strategies for the market
players:
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all Press Releases:
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Lithium-Ion
Battery Market by Material Type
Cathode
Anode
Electrolytic
Solution
Others
(Binders, Separators etc)
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all Article :
http://www.transparencymarketresearch.com/articles.htm
Lithium-Ion
Battery Market by Application
Automotive
Cars
Bus
and Trucks
Train
and Airplanes
Other
(e-scooter and e-bikes)
Industrial
Cranes
Valves
Mining
Smart
Grid
Consumer
Mobile
phones, smartphones and tablet PCs
UPS
Others
Others
(Energy, Medical, Military)
Lithium-Ion
Battery Market by Geography
North
America
Europe
Asia-Pacific
Rest
of the World
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