Global Automotive Lithium Ion Battery Market: Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025

Lithium based batteries are advanced batteries used in Electric Vehicles (EVs) and in many other sectors such as portable consumer electronics. However, they were not initially used in Hybrid Electric Vehicles (HEVs) owing to the substantial cost associated with them and the availability of nickel based counterparts in the market. After 2005, with the decline in the prices of lithium batteries, automotive manufacturers have started using lithium batteries in hybrid vehicles, increasing its market size dramatically. The four materials used in lithium ion batteries are anode materials, cathode materials, electrolytic solution, and separators.

Automotive lithium ion battery has emerged as an eco-friendly, rechargeable power source as compared to conventional batteries such as lead acid and nickel metal hydride batteries. With the implementation of stringent fuel efficiency norms in countries such as the U.S., India, Germany and Japan, manufacturers are trying to reduce the cost of lithium ion battery, which in turn, increases the demand for electric vehicles.

Report Overview @ https://www.persistencemarketresearch.com/market-research/automotive-lithium-ion-battery-market.asp

Numerous Governments are providing incentives/ tax credits to promote the use of electric vehicles, which is expected to increase the demand for automotive lithium ion battery. For instance, the IRS (Internal Revenue Service) tax credit is of US$ 2,500 to $7,500 per new electric vehicle purchased for use in the United States. Similarly, countries such as California provides US$ 2,500 rebate, Delaware provides US$ 1,000 rebate and Colorado provides US$ 5,000 tax credit on the purchase of electric vehicles.

Automotive Lithium Ion Battery Market: Dynamics

Increase in electric vehicle production and sales coupled with rising efforts to reduce carbon emissions and toxicity level are expected to spur the demand for automotive lithium ion battery over the forecast period. Moreover, the tax exemptions announced by government bodies on EVs powered by lithium ion batteries are expected to drive the demand for automotive lithium ion battery. Additionally, governments are providing incentives and subsidies for the installation and production of lithium ion batteries, which are expected to bolster the market growth. Also, in the automotive sector, growing shift towards sustainable clean fuels is the key factor driving the lithium ion battery market.

However, lack of infrastructure to charge electric vehicle in many countries will restrain the automotive lithium ion battery market. The concern on safety associated with the use of lithium ion battery also hinders the growth of automotive lithium ion battery market.

Request for Table of Contents @ https://www.persistencemarketresearch.com/toc/15973

Automotive Lithium Ion Battery Market: Trend

Owing to the increase in R&D activities and rise in financial incentives from the government, many countries are taking effort to lower the dependency on petroleum products such as petrol and diesel for transportation. Therefore, the global automotive lithium ion battery is projected to witness significant growth over the forecast period. In the past years, China has registered a growth in demand for electric vehicles by 300 percentage.

The electric car market is quite small, but the auto manufacturers are increasing their production. However, some markets have targeted vast rise in ownership, notably China that predicts there will be over six million cars with automotive lithium ion battery on road by 2020.

Automotive Lithium Ion Battery Market: Segmentation

On the basis of material type, the automotive lithium ion battery market can be segmented into:
Cathode,Anode,Electrolytic Solution,Others.
On the basis of vehicle type, the automotive lithium ion battery market can be segmented into:
Battery Electric Vehicles (BEVs).Plug-in hybrid electric vehicles (PHEVs).Hybrid Electric Vehicles (HEVs).

On the basis of market, the automotive lithium ion battery market can be segmented into:
OEM,Aftermarket.

Automotive Lithium Ion Battery: Market Participant

Examples of some of the market participants in the global automotive lithium ion battery market identified across the value chain include -
Panasonic Corporation,Hitachi Ltd.,Toshiba Corporation,NEC Energy Solutions,GS Yuasa Lithium Power,LG Chem Ltd.,Johnson Controls,SB LiMotive,BYD Company Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

Get Sample Copy of this Report @ https://www.persistencemarketresearch.com/samples/15973

The report covers exhaustive analysis on:
Market Segments,Market Dynamics,Market Size,Supply & Demand,Current,Trends/Issues/Challenges,Competition & Companies involved,Technology,Value Chain

Regional analysis includes
North America (Canada, The U.S.),Latin America (Mexico, Brazil, Rest Of Latin America ),Western Europe (Germany, Italy, France, U.K, Spain, Netherlands, BENELUX, Nordic countries ),Eastern Europe ( Russia, Rest Of Eastern Europe),Asia Pacific (China, India, ASEAN, Australia & New Zealand),Japan,Middle East and Africa (GCC countries, S. Africa, N. Africa and Rest Of MEA).

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

Detailed overview of parent market,Changing market dynamics in the industry,In-depth market segmentation,Historical, current and projected market size in terms of volume and value,Recent industry trends and developments,Competitive landscape,Strategies of key players and products offered,Potential and niche segments, geographical regions exhibiting promising growth,A neutral,perspective on market performance,Must-have information for market players to sustain and enhance their market footprint.

Need more information about Report methodology ? @ https://www.persistencemarketresearch.com/methodology/15973

About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA,Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com/

This release was published on openPR.