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.
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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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