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Global Li-Ion Battery Market Forecasted to Grow 11.9% Annually Through 2019

Fast Market Research announces the availability of the new TechNavio report, "Global Li-ion Battery Market 2015-2019", on their comprehensive research portal


Boston, MA -- (SBWIRE) -- 08/31/2015 -- Fast Market Research announces the availability of Technavio's new report "Global Li-ion Battery Market 2015-2019" on their comprehensive research portal.

Li-ion batteries are extensively used in consumer electronics such as cell phones, smartphones, laptops, and tablets because of their reliability in terms of performance compared to other battery types. High energy density and a low self-discharge rate and maintenance have made Li-ion batteries more popular than other rechargeable batteries. The application base of these batteries is widening and expected to encompass EVs, medical devices, power tools, and ESS. Growing demand for EVs and ESS worldwide bodes well for the overall growth prospects of the market. The market will continue to expand, driven by the growing use of smartphones, laptops, and tablets globally.

Get More Details on this Report and a Full Table of Contents at Global Li-ion Battery Market 2015-2019

Technavio's analysts forecast the global Li-ion battery market to grow at a CAGR of 11.9% during 2014-2019.

Get More Details on this Report and a Full Table of Contents at Global Li-ion Battery Market 2015-2019

Commenting on the report, an analyst from Technavio's team said: 'The sales of fuel-driven cars are gaining momentum as declining crude oil prices have made these vehicles more economical compared to EVs. Falling oil prices are driving consumers away from eco-friendly EVs, which has had a slight impact on the sales of EVs in the US.'

According to the report, commoditization and easy accessibility of Internet networks has led to widespread usage of electronic devices such as tablets, smartphones, and laptops. As commoditization continues, Internet penetration will reach remote and rural parts of various countries worldwide.

Further, the report states that many countries still do not have a defined set of regulations and legislations governing the purchase and sale of e-bikes. Thus, manufacturers and retailers are hesitant to enter the markets in these countries due to uncertainty over the change of rules that might make the product ineligible to be sold or used in the market.

The key players in the Global Li-ion Battery Market are A123 Systems, AESC, Blue Energy, BYD, China BAK Battery, Coslight, GS Yuasa, Johnson Controls, Hitachi, Kokam, LG Chem, Li-Tec, NEC, Panasonic, Samsung SDI, SK Innovation, Sony, Tianjin Lishen Battery and Toshiba while other prominent vendors include ATL, Boston Power, Cell-Con, CNEBIKES, Ecsem, Electrovaya, Enerdel, h?hnel Industries, Highpower International, HYB Battery, KAYO, Lenmar Enterprises, Minamoto, Shenzhen Blazepower Battery, Shenzhen Jixinglong, ShenZhen Sun Rise Digital and Sunwoda

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