Albany, NY -- (SBWIRE) -- 11/30/2015 -- Lithium-ion battery demand is expected to see a robust growth in the forecast period. This is due to its increasing demand across various application sectors such as automotive, wind, electronics, industrial and military. The market is currently driven by its usage in automotive sector in HEVs, trains and trams. Lithium-ion batteries can be differentiated primarily based on their functionality. The application of lithium-ion battery alongside other batteries is expected to increase, and lithium-ion batteries are expected to emerge as a replacement for lead acid batteries in the coming years.

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This report has been segmented by material type, by application and by geography. It also includes the drivers, restraints and opportunities (DROs), Porter's five forces analysis and value chain of the lithium-ion battery market. The study highlights current market trends and provides the forecast from 2013 to 2019.

By geography, the market has been segmented into North America, Europe, Asia Pacific and RoW. The present market size and forecast till 2019 have been provided in the report. The report also analyzes macro economic factors influencing and inhibiting the growth of lithium-ion battery market. Porter's five forces analysis offers insights on market competition throughout its value chain. In addition, the market attractiveness analysis provided in the report highlights key investing areas in this industry. The report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.

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The global market was USD 11.70 billion in 2012 and is expected to reach USD 33.11 billion in 2019, growing at a CAGR of 14.4% from 2013 to 2019. Rising cost of fuel has paved the way for alternate means of transportation. The popularity of Electric Vehicles and Hybrid Electric Vehicles (HEVs) has increased over the past couple of years. These vehicles are powered by lithium ion batteries. In addition, stringent government regulations to regulate the carbon emission in many countries in Europe and North America are supporting the adoption of lithium ion batteries in vehicles.

The energy requirement of consumers in electronic devices has grown in the recent years. Heavy processors in cellphone and high graphic support in devices such as Tablet PCs has increased the consumption of battery in many devices. Moreover, number of applications in smartphone is increasing and there is a necessity of higher life cycle and slow battery discharge in these devices. The growing energy requirement offer potential opportunities to the market in the coming years.

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