Press release
Global li-ion battery market for EVs anticipated to grow at a CAGR of 31.1% by 2019
Li-ion battery is used as a power source in EVs for transportation. It is used as an alternative source of power in PHEVs and a primary source of power in BEVs. A Li-ion battery powers the electric motor used for propulsion in a BEV. A PHEV uses both an IC engine and an electric motor for propulsion. The use of double fuel system makes PHEVs expensive, efficient, and a preferred choice among end-users. The use of battery-operated vehicles helps to reduce carbon emissions and the dependence on fossil fuels. The battery used in EVs is automatically charged during the transportation through regenerative braking mechanism and is completely refilled or recharged by a voltage ranging from 110 to 440 volts. The application of li-ion battery is higher in BEVs and PHEVs, because of its high energy density and long life span compared to other available rechargeable batteries in the market.
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Analysts forecast the global li-ion battery market for EVs to grow at a CAGR of 31.1% over the period 2014-2019.
Covered in this report
The report covers the present scenario and the growth prospects of the global li-ion battery market for EVs for the period 2015-2019. Based on vehicle type, the market is segmented into two: BEVs and PHEVs.
Report, the Global Li-ion Battery Market for EVs 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the global li-ion battery market for EVs landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key vendors
A123
AESC
Blue Energy
Hitachi
LG Chem
Panasonic
Toshiba
Samsung SDI
Other prominent vendors
Deutsche ACCUmotive
Flux Power
Johnson Controls
Lithium Energy Japan
SK Innovation
Sony
Shenzhen BAK battery
Key market driver
Higher conversion efficiency of li-ion-fueled PHEVs/EVs
For a full, detailed list, view our report
Key market challenge
Long charging time
For a full, detailed list, view our report
Key market trend
Availability of different types of li-ion batteries
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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