The lithium-ion batteries are capable of offering a more extended lifecycle than other batteries, being one of the rechargeable ones. These energy suppliers can provide an improved efficiency and a high storage capacity. This type of energy suppliers is mainly used for products such as consumer electronics, but also for energy systems in household electricity and power plants.
They are considered very useful in the case of an automotive application like HEVs and EVs. Experts argued that the global market for lithium-ion batteries is currently developing and it will register a significant boost between 2016 and 2024. During this extensive period, the industry of batteries based on lithium-ion is predicted to be dominated by the regulations imposing the pollution control and the high demand for electronic gadgets.
The study which was recently conducted by experts aimed to pursue the forecasts of the batteries having in mind the profit and the volume of work starting with 2016 up until 2024. The report has registered data about the market figures, but they only seem to describe the demand of batteries, without mentioning the supply or production.
Another goal of this survey was to examine the factors of driving and restraining, as well as the impact they can cause on the market during this time span. The analysis regarding the lithium-ion batteries comprises the applications and the power capacity of the batteries.
The batteries’ market is split based on the power capacity including those who have a range higher than 300 KWh, 100-250 KWh, 48-95 KWh, 18-28 kWh and 5-25 kWh. The significant applications which derive from here are the following ones: the industrial segment and grid energy, automotive and consumer electronics.
According to the geographical areas, the sections are split between the Middle East and Africa, Latin America, Asia, Europe and North America. Then the report gets divided into twelve analysis meant to be country-specific. The purpose of the study is also to analyze the market competition using Porter’s Five Forces Analysis.
This review unfolds the list of the crucial companies contributing to the global market of lithium-ion batteries. Their classification was based on the production of manufacturers responsible for the controlled release of fertilizers. Between the largest such companies, there is listed Toshiba Corporation, Hitachi Chemical Co. Ltd., Automotive Energy Supply Corporation (AESC) and Panasonic Corporation.
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