Thursday 14 May 2015, Amsterdam
The report recognizes the following companies as the key players in Li-ion Battery Market in the APAC 2015-2019: Automotive Energy Supply Corp., BYD Co. Ltd, Coslight Technology International Group, GS Yuasa Corp., Kokam Co. Ltd., LG Chem, Panasonic Corp., Samsung SDI Co. Ltd., Shenzhen BAK Battery Co. Ltd., Sinopoly Battery, SK Innovation Co. Ltd., Sony Corp. and Tianjin Lishen Battery Co. Ltd.
Other Prominent Vendors in the market are: Amperex Technology, Hitachi, Toshiba, Primearth EV Energy, A123 Systems, Highpower International, HYB BATTERY, Kokam, SCUD Group, Sealed Energy Systems, Shenzhen Blazerpower Battery, Shenzhen Jixinglong Industry, Shenzhen Kayo Battery Sunwoda, TDK Corp and Vitzrocell
The report said: “Many South Korean firms such as LG Chem and Samsung SDI are becoming supply focal points for end-users, mainly for consumer electronics products because of their impressive cost competitiveness. Currently, Japanese automotive companies have the lead in terms of technological development and commercialization. It is likely that companies from other regions will enter because of the immature nature of the market. Many companies from South Korea are increasing their presence in the Li-ion batteries segment in EVs, which will lead to an increase in the market share for South Korea in the global market. In addition, companies are increasing their production capacity to increase exports and to meet high demand for Li-ion batteries from the automotive, consumer electronics, and industrial segments in the developing countries. Li-ion battery manufacturers in South Korea have competitive advantages as the cost of manufacturing per unit is relatively less than Japanese firms.”
According to the report, the growing pollution and decreasing fossil fuel reserves has raised government attention toward the use of EVs. Increasing carbon emissions have increased global warming at an alarming rate, which has forced countries worldwide to curb their carbon emissions. Various countries across the APAC are providing incentives to support zero emission cars such as EVs, PHEVs, and BEVs. Countries such as Japan, South Korea, and China are providing subsidies to promote EVs in the market.
Further, the report states that lack of a charging infrastructure for EVs is curtailing the growth of the Li-ion battery market in South Korea.
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.