Global Automotive Lithium-ion Battery Market

TechNavio’s analysts forecast the Global Automotive Lithium-ion Battery market to reach US$9.6 billion by 2015. One of the key factors contributing to this market growth is the growing demand from electric vehicle manufacturers. The Global Automotive Lithium-ion Battery market has also been witnessing support from various governments across the world. However, confidence of consumers regarding lithium-ion batteries is cynical which poses the biggest challenge in the Global Automotive Lithium-ion Battery market.

This report has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Asia, North America, and Europe regions; it also covers the Global Automotive Lithium-ion 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.

Executive Summary

Commenting on the report, an analyst said; ”The Global Automotive Lithium-ion Battery market is expected to witness a shift toward lithium-ion battery technologies. Within five years, a huge number of hybrid electric vehicles (HEVs), plug-in HEVs (PHEVs), and electric vehicles (EVs) are expected to run through lithium-ion batteries. The lithium-ion battery has high growth potential in the Global Battery market. After its successful applications in the Global Consumer Electronics market, this 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-ion batteries have entered into the Global Automotive market to power HEVs and EVs. In the coming years, it is expected that lithium-ion batteries can be well established in powering alternative vehicles.”

According to the report, increased investment in the expansion of alternative energy vehicles has increased the demand for lithium-ion batteries from electric vehicle manufacturers across the globe. Almost all the major automakers in the world have begun to develop EVs; EVs require rechargeable batteries to store energy. In addition, the number of charging stations developed for charging EVs is increasing. This helps to gain the trust of consumers planning to buy EVs, driving the demand for lithium-ion batteries for these vehicles.

Further, the report also discusses that the lack consumer confidence over the safety of the lithium-ion battery is a major threat to vendors in this market.

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.

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?

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Key vendors dominating this market space include Build Your Dream Co. Ltd., SANYO Electric Co. Ltd., Samsung SDI Co. Ltd., and Sony Corp. Other vendors mentioned in the report are LG Chem, China BAK Battery Inc., Panasonic, by Hitachi Maxell, Amperex Technology, A123Systems, Valence Technology, Boston-Power, Advanced Battery Technologies, GS Yuasa, Lithion, and Yardney.