Albany, NY -- (SBWIRE) -- 09/01/2016 -- Lithium ion batteries are rechargeable batteries in which lithium ions move from anode to cathode during discharge and traverse back to anode while charging. They are available in different form factors such as small cylindrical, large cylindrical, pouch and prismatic. The market is expected to witness robust growth during the forecast period. This is due to the advantages such as higher efficiency, longer life time in compare to other batteries. Increasing applications of lithium-ion battery in the automotive sector such as in cars and buses is further expected to fuel growth in the coming years

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.

Complete Report with TOC @ http://www.mrrse.com/lithium-ion-battery-market

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.

The major factors restraining the growth of lithium-ion battery are high price and low awareness about its advantages over other batteries. This results in lower adoption across different product segments such as automotive, industrial and electronics sectors. Moreover, there is a risk of fire in certain applications in different industries. Lithium-ion batteries can erupt and explode in high heat conditions. However, technological advancements to eliminate this risk are taking place and this will support the growth in the coming years.

Geographically, Asia Pacific held the largest share in the lithium-ion battery market in 2012. Japan, India, China, Singapore and Australia are some major economies in Asia Pacific supporting the market. Lithium-ion battery market in Asia Pacific is driven by robust demand in Japan and China. Japan is the leading manufacturer of lithium-ion battery. Strict government regulations related to carbon emissions in vehicles is expected to support the growth of lithium-ion battery in China. Lithium-ion battery has been used widely in the hybrid buses of China, which is further supporting its growth in Asia Pacific.

Request a Free Sample Copy of the Report @ http://www.mrrse.com/sample/983

Automotive Energy Supply Corporation (AESC), A123 Systems LLC, GA Yuasa Corporation, Hitachi Chemical Co. Ltd., Johnson Controls, Inc., LG Chem Power, Inc., Panasonic Corporation, Samsung SDI Co. Ltd., Toshiba Corporation and China BAK Battery, Inc. among others are the popular players in the lithium-ion battery market, where AESC enjoys the maximum revenue share at present.

About MRRSE
MRRSE stands for Market Research Reports Search Engine, the largest online catalog of latest market research reports based on industries, companies, and countries. MRRSE sources thousands of industry reports, market statistics, and company profiles from trusted entities and makes them available at a click. Besides well-known private publishers, the reports featured on MRRSE typically come from national statistics agencies, investment agencies, leading media houses, trade unions, governments, and embassies.