Transparency
Market Research (TMR), a market intelligence company based in the
U.S., recently published a research report on the global lithium ion
market. According to the study, the global lithium ion battery market
will reach a value of US$33.11 billion by 2019 from US$11.70 billion
in 2012, registering a healthy CAGR of 14.4% from 2013 to 2019. The
research report, titled “Global Lithium Ion Battery Market -
Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 -
2019” is available for sale on the company website.The TMR study
states, the increasing need of alternate energy sources from
automobiles, consumer electronics, and industrial sector is primarily
driving the global lithium ion battery market.
Browse
the full Global Lithium Ion Battery Market Report at
http://www.transparencymarketresearch.com/lithium-ion-battery-market.html
Escalating
crude oil prices has significantly increased the demand for Electric
Vehicles and Hybrid Electric Vehicles (HEVs) powered by lithium ion
batteries in the automobiles sector, as per the study findings.
Further in consumer electronics, lithium ion batteries are highly
demanded to offer high life cycle and ensure slow battery discharge
in devices such as tablets, which will propel the market.Mounting
environmental concerns due to the increasing rate of carbon emissions
and stringent regulations imposed by the government to control the
same particularly in regions such as North America, Europe, and China
are increasing the adoption of lithium ion batteries, as per TMR
findings.However, high price and inadequate awareness regarding the
advantages of lithium ion batteries will hinder growth of the market,
adds the report. As such, lithium ion batteries find lower adoption
in electronics, automotive, and industrial sectors.
Browse
the full Press Release :
http://www.transparencymarketresearch.com/pressrelease/lithium-ion-battery-market.htm
Moreover,
lithium ion batteries have chances of exploding when exposed to high
heat and temperature conditions, which is a major factor inhibiting
its market growth. To eliminate the risk, technological advancements
are introduced which is expected support growth of the market, the
TMR study states.The TMR study segments the global lithium ion
battery market on three criteria namely material type, application,
and geography. Among the application segments, consumer sector
accounted for the largest market share in 2012, followed by the
automotive sector. The consumer electronics segment will dominate the
market during the forecast period owing to its high application in
cellphones, tablet computers, smart phones, digital cameras, and
other consumer electronics, as examined by the TMR study. Emerging
applications in military, medical industry, and energy production
will also open growth avenues for the lithium ion battery market, as
examined by the research report. Geography wise, Asia Pacific led the
lithium ion battery market in 2012 accounting for 49% market share.
The robust demand for lithium ion battery in China and Japan is
driving the Asia Pacific market.
Further
as per the study findings, strict government regulations imposed to
control carbon emissions in China will support growth of the market.
Hybrid buses in China are largely powered with lithium ion battery,
which is a key factor driving the lithium ion battery market in Asia
Pacific.
Request
a Sample of this Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=251
About Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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