Wednesday 13 May 2015, Amsterdam
The report recognizes the following companies as the key players in the Li-ion Battery Market for AEVs in the US: Automotive Energy Supply Corp. (AESC), Blue Energy Co. Ltd., Hitachi Ltd., LG Chem Ltd., Panasonic Corp. and Toshiba Corp.
Other Prominent Vendors in the market are: A123 Systems, Deutsche ACCUmotive, Johnson Controls, Samsung SDI, China BAK battery and Sony.
The report said: “The availability of different types of Li-ion batteries is one of the key trends emerging in the market. Lithium cobalt oxide batteries are ideal for cell phones, laptops, and cameras because of their high current densities. The control circuit prevents overcharging and ensures these batteries are safe for use. Similarly, lithium manganese oxide batteries provide high thermal stability and enhance power output at lower currents. They are ideal for power tools, e-bikes, electric vehicles, and plug-in hybrid electric vehicles.”
According to the report, increased conversion efficiency of Li-ion fueled PHEVs/EVs as compared to other vehicles is one of the key factors driving this market. Increased pollution and depleting fossil reserves have influenced the US government to promote the usage of electric cars.
Further, the report states that one of the major challenges that the market faces is the longer charging time of Li-ion batteries used in vehicles. EVs and PHEVs must be recharged every day, depending on the distance the car travels. For user convenience, AEV manufacturers must look for an advanced technology that can shorten the time required to recharge batteries.
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.