Global Lithium Ion Battery Market to grow at a CAGR of 15.43% during 2016-2020

Albany, NY, Dec 21: Li-ion batteries are rechargeable batteries in which the Li-ion acts as the cathode and the carbon acts as the anode. Li-ion batteries have a good electrochemical performance with low resistance. The advantage of using Li-ion batteries is that they increase the thermal stability, have higher current density, and a longer shelf life as compared with other batteries available in the market. This technology has an excellent deep-discharge cycle life that shields the battery from damage. Li-ion is used in high power applications such as HEVs, EVs, and consumer electronic devices.

The global Li-ion battery market to grow at a CAGR of 15.43% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global Li-ion battery market for 2016-2020. To calculate the market size, the report considers the revenues that are generated by Li-ion battery vendors in the market.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Li-ion Battery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Panasonic Industrial Devices
- Automotive Energy Supply
- LG Chem
- Samsung SDI
- Toshiba
- A123 Systems

Other prominent vendors
- Blue Energy
- BYD
- China BAK Battery
- Coslight
- GS Yuasa
- Hitachi
- Saft
- Johnson Controls
- Kokam
- Li-Tec
- MANZ AG
- NEC
- SK Innovation
- Sony
- Tianjin Lishen Battery

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.