Friday 15 May 2015, Amsterdam
The report recognizes the following companies as the key players in Global Li-ion Battery Market for HEVs 2015-2019: A123 Systems, AESC, Blue Energy, Hitachi, Johnson Controls, LG Chem, Panasonic and Toshiba
Other Prominent Vendors in the market are: Deutsche ACCUmotive, Samsung SDI, Sony and Shenzhen BAK battery
Commenting on the report, an analyst from Technavio’s team said: “Various types of Li-ion battery are available in the market depending on application. End-users choose these batteries as per their requirements. Lithium cobalt oxide batteries are ideal for cellphones, laptops, and cameras because they possess high current densities. The mandatory control circuit prevents overcharging and ensures the safety of people using these batteries. Similarly, lithium manganese oxide batteries provide high thermal stability and enhanced power output at low currents. They are ideal for power tools, e-bikes, EVs, and PHEVs. Lithium nickel cobalt aluminum oxide and lithium titanate batteries are used in electric powertrains and grid storage systems. The availability of different types of Li-ion battery bodes well for overall market growth during the forecast period.”
According to the report, with the increase in pollution and decreased fossil fuel reserves, the US government is promoting the adoption of electric cars. In terms of output by weight, a battery produces only 1% of the energy as compared to fossil fuels. However, the conversion efficiency of a Li-ion battery is much higher than that of gasoline vehicles. This higher conversion efficiency is expected to increase the market for Li-ion batteries in PHEVs and BEVs during the forecast period.
Further, the report states that power crisis issue in the country is likely to have a significant impact on global demand for Li-ion batteries for HEVs.
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.