According
to a report published by Transparency Market Research (TMR), the
global lithium ion battery market, which stood at US$11.7 bn in 2012,
is expected to reach US$33.1 bn by 2019. If the estimates hold true,
the global market for lithium ion batteries will exhibit a CAGR of
14.40% between 2013 and 2019. The report is titled “Global Lithium
Ion Battery Market - Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2013 - 2019” and is available for sale on the company
website.
Browse
the full Global Lithium Ion Battery Market (Cathode, Anode, and
Electrolytic solution) - Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2013 - 2019 report at
http://www.transparencymarketresearch.com/lithium-ion-battery-market.html
In
the last few years, the demand for electric and hybrid electric
vehicles (HEVs) has increased significantly owing to the rising crude
oil prices. Since these vehicles are powered by lithium ion
batteries, growth of the market for HEVs will subsequently boost the
market for lithium ion batteries. Apart from the automotive industry,
the report also cites lucrative prospects for lithium ion batteries
in the consumer electronics sector. Lithium ion batteries are
nowadays increasingly being used in devices such as tablets and
smartphones, since they ensure slow battery discharge and high
lifespan. This is expected to significantly propel the global market
for lithium ion batteries.
Governments
of several nations are implementing stringent regulations to curb the
carbon footprint. Stringent regulations imposed in countries such as
China and in countries across Europe and North America aid the
increasing adoption of lithium ion batteries, as per the TMR report.
However, lack of awareness regarding the benefits of lithium ion
batteries and their high price will hamper the growth of the market
to some extent. This is also the primary reason behind low adoption
of these batteries in the automotive, electronics, and other
industrial sectors. The chances of lithium ion batteries exploding
when exposed to high temperature also inhibits their adoption across
industries. However, many technological advances have been introduced
to eliminate the risks associated with Li-ion batteries, which,
according to the TMR study, may provide lucrative growth
opportunities for the global lithium ion batteries market in the near
future.
For
the purpose of the study, the report segments the lithium ion battery
market on the basis of application, material types, and geography.
The consumer electronics sector emerged as the largest application
segment in 2012, trailed by the automotive sector. The report stated
that high demand for smart gadgets, electronic devices, and electric
vehicles fuels the demand for lithium ion batteries. Lithium ion
batteries will also witness rising demand from emerging application
segments such as the medical industry, energy production, and
military, as per the report’s findings.
Among
the key regional markets, Asia Pacific led the global market for
lithium ion batteries in 2012, with a 42% share in the global market.
Increasing demand for lithium ion batteries in Japan and China aided
the growth of the market in the region. Furthermore, the launch of
hybrid buses in China is also expected to give a boost to the lithium
ion battery market in the Asia Pacific region.
Lithium-Ion
Battery Market by Material Type:
Cathode
Anode
Electrolytic
Solution
Others
(Binders, Separators etc)
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
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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