Transparency Market Research Global Lithium-ion Battery Market to Expand at 14.40% CAGR 2013-2019, Driven by Growth of Hybrid Vehicles Market Single User License: USD 4315.5 Flat 10% Discount!! Free Customization as per your requirement You will get Custom Report at Syndicated Report price Report will be delivered with in 15-20 working days Request Sample Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] Download Brochure REPORT DESCRIPTION Lithium ion batteries are rechargeable batteries in which charge flows as lithium ions move from the negative electrode towards the positive electrode when discharging and back when charging. The lithium compound used in li-ion batteries is in the intercalated form, as compared to metallic lithium in non-rechargeable lithium batteries. Know More About the Market of Lithium Ion Battery @ http://www.transparencymarketresearch.com/lithium-ion-battery-market.html Due to features such as high energy density, small size and the slow dissipation of charge when not in use, li-ion batteries are considered the best candidate for portable electronic products. However, there are many more application of li-ion batteries beyond consumer electronics which include aerospace, military, and automobiles. Li-ion batteries were commercialized in the 1991 by Sony as an effective substitute to nickel cadmium batteries, the most prevalent batteries of that time. Lithium being the lightest of all metals, it has always been considered an exciting choice for portable batteries. In fact, non-rechargeable batteries even started using lithium as their core material since the 1970s; batteries used in watches are a common example of such earlier batteries. The Market of Global Lithium Ion Battery , which stood at US$11.7 bn in 2012, is expected to reach US$33.1 bn by 2019. If the estimates hold true, the global market for lithium ion batteries will exhibit a CAGR of 14.40% between 2013 and 2019. In the last few years, the demand for electric and hybrid electric vehicles (HEVs) has increased significantly owing to the rising crude oil prices. Since these vehicles are powered by lithium ion batteries, growth of the market for HEVs will subsequently boost the market for lithium ion batteries. Apart from the automotive industry, the report also cites lucrative prospects for lithium ion batteries in the consumer electronics sector. Lithium ion batteries are nowadays increasingly being used in devices such as tablets and smartphones, since they ensure slow battery discharge and high lifespan. This is expected to significantly propel the global market for lithium ion batteries. Get the Sample Report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=251 Lithium-ion battery demand is expected to see a robust growth in the forecast period. This is due to its increasing demand across various application sectors such as automotive, wind, electronics, industrial and military. The market is currently driven by its usage in automotive sector in HEVs, trains and trams. Lithium-ion batteries can be differentiated primarily based on their functionality. The application of lithium-ion battery alongside other batteries is expected to increase, and lithium-ion batteries are expected to emerge as a replacement for lead acid batteries in the coming years. The energy requirement of consumers in electronic devices has grown in the recent years. Heavy processors in cellphone and high graphic support in devices such as Tablet PCs has increased the consumption of battery in many devices. Moreover, number of applications in smartphone is increasing and there is a necessity of higher life cycle and slow battery discharge in these devices. The growing energy requirement offer potential opportunities to the market in the coming years. Some of the major companies competing in the global lithium-ion battery market are Automotive Energy Supply Corporation (AESC), Toshiba Corporation, Panasonic Corporation, Hitachi Chemical Co. Ltd., China BAK Battery, Inc., GA Yuasa Corporation, LG Chem Power, Inc., Samsung SDI Co. Ltd., Johnson Controls, Inc., and A123 Systems LLC. Download Brochure @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=251 About TMR Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact TMR Mr.Sudip S 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/
Lithium ion batteries are rechargeable batteries in which lithium ions move from anode to cathode during discharge and traverse back to anode while charging. The global market was USD 11.70 billion in 2012 and is expected to reach USD 33.11 billion in 2019, growing at a CAGR of 14.4% from 2013 to 2019. Rising cost of fuel has paved the way for alternate means of transportation.
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