Lithium-ion Batteries for Automotive 2019 industry is very important to enhance business productivity and for the Extensive study of market forecast. The Report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
— Market Overview
Lithium-ion batteries also referred to as Li-ion batteries or abbreviated as LIB, are a type of rechargeable batteries that are used mostly for portable electronic devices. With the rise in the use of these in electric vehicles and automobiles, the market for the lithium-ion batteries for automotive market has seen an upsurge in recent years. This grade of batteries that can be used for heavy-duty purposes have seen an increased demand in aerospace applications and for military purposes as well.
Developed in the 1970s by scientists from Japan and commercialized in the 90s, these batteries have come a long way and have found applications in a wide range of industries. These batteries have electrodes that transfer lithium ions during discharge and recharge. With a high energy density, zero memory effect, and low self-discharge properties, these batteries are preferred over other types of batteries such as LFP cells. The fact that they contain a flammable electrolyte and pose fire hazards may be an inhibiting factor for this market.
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The report published on the global lithium-ion batteries for automotive market defines the market size, status, and performance of the various segments in the market. The market forecast based on the data from the previous years has been given for the period 2019-25. It incorporates all the qualitative and quantitative analyses based on the market segments of different regions and countries. Factors that can drive the growth of the market like challenges and driving aspects are discussed in detail in the report along with available opportunities for stakeholders. The rising environmental concerns and shift to alternative sources of energy for automobiles would be the major driver for this market.
The following manufacturers are covered: Key Players
The global lithium-ion batteries for automotive market has been split by this report into different market segments. The market breakdown data for each of these segments has been covered in terms of the sales, revenue, production, and growth rates, complete with a comparative study. The market split based on the product type is done into Lithium Nickel Manganese Cobalt (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO), and Lithium Nickel Cobalt Aluminium Oxide (NCA). The other segments based on the application are passenger and commercial vehicles. The above two segments have been studied in a comparative study.
The regional analysis done by the global lithium-ion batteries for automotive market report includes the region-wise data on the market size, production, demand, trade, and manufacturers. For each of the key players in these regions, the business data regarding their capacity, sales, revenue, import and export volumes, pricing indices, cost, and gross margins have been given. The products and services offered in the regions and the areas covered by each of the companies and their manufacturing units have also been included. The key regions in the lithium-ion batteries for automotive market are North America, Europe, China, Japan, Southeast Asia and countries like India.
In a major drive for sustainability and rising environmental concerns regarding alternative energy sources, organizations such as ERAMET, BASF, and SUEZ have teamed up to lead research and innovation into developing a closed-loop process to recycle Li-ion batteries from electric vehicles. The project named Recycling Li-Ion Batteries for Electric Vehicles (ReLieVe) is set to be backed by a funding of 4.7 million Euros (US$5.15 million), with co-funding partners such as the EU.
Release ID: 88929042