The Key Players in Global Rechargeable Battery Market 2015-2019, According to a New Study on ASDReports

Friday 5 February 2016, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the Global Rechargeable Battery Market: BYD, C&D Technologies, East Penn Manufacturing, Enersys, Exide Technologies, GS Yuasa, LG Chem, Panasonic, Samsung SDI and VARTA Microbattery.

Commenting on the report, an analyst said: “The main difference between NiMH and Li-ion batteries is the material used for power storage. Li-ion batteries consist of carbon and highly reactive lithium, which can store a lot of energy than that of NiMH batteries. NiMh batteries utilize hydrogen for energy storage, In addition to nickel and another metal such as titanium keeping a lid on the hydrogen ions.”

According to the report, the uncertain economic scenario in Japan over the last five years has compelled Li-ion manufacturing companies to shift their production base from Japan to China. The Japanese economy has been registering slow economic growth because of reduced investments and declining exports. Hence, increased number of Li-ion battery manufacturing bases in China will drive the market growth.

Further, the report states that growing environmental concerns and increased awareness about the toxic content in NiCd batteries among end-users have led to a ban on NiCd batteries in Europe.

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.