The report recognizes the following companies as the key players in the Global Li-ion battery Market in Transportation Sector: A123 Systems, AESC, Blue Energy, BMZ, 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
Other Prominent Vendors in the market are: 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
Commenting on the report, an analyst said: “The increased demand for Li-ion batteries is driving manufacturers to develop next-generation technology batteries for electronic devices and vehicles. The Li-ion battery market is gradually shifting to high-energy silicon electrodes in place of conventional graphite ones. The new type of silicon electrode-based Li-ion batteries offer long-lasting energy for laptops and EVs. However, these batteries may also shrink and swell while in use or recharging, resulting in breakdown.”
According to the report, the cost of Li-ion batteries is decreasing rapidly owing to an increase in end-user application base. The cost of these batteries was four to eight times more than that of lead-acid batteries and one to four times more than Ni-MH batteries in 2010. However, the cost has decreased significantly since then, driven by the growing use of Li-ion batteries in BEVs, PHEVs, HEVs, uninterrupted power supply (UPS) systems, forklifts, consumer electronics devices, and backup power supplies. Manufacturers will increasingly be able to leverage economies of scale with growth in market size and production scales. The exhibit, on the right, shows the expected decrease in cost of Li-ion batteries by 2022.
Further, the report states that safety concerns such as threat of fire due to battery heating, pose a serious challenge to market growth.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Source: ASDReports - Market Research
Date: Sep 7, 2015