Thursday 30 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Li-ion Battery Market for Mobile Phones: LG Chem Ltd., Panasonic Corp., Samsung SDI Co. Ltd. and Sony Corp.
Other Prominent Vendors in the market are: Amperex Technologies, Boston-Power, BYD Company, China BAK Battery, ENERDEL, SUNWODA Electronics, Tianjin Lishen Battery and Zhuhai Coslight Battery
The report said: “Increase in internet connectivity is one of the major trends being witnessed in this market. Across the world, the use of the internet is booming rapidly, and major development is taking place in developing economies. Thus, with the increased need for the internet, the need for mobile internet is also growing. This has significantly boosted the demand for smartphones, driving the demand for Li-ion batteries in smartphones.”
According to the report, advances in technology are one of the main factors driving the market. Various technological developments in the Li-ion industry have significantly increased the shelf life of the batteries used in mobile phones.
Further, the report states that increased competition among vendors is one of the major challenges in this market. The high potential of smartphones in the global market has attracted many new vendors. These vendors have established a stronger brand image against global brands.
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.