The Global Automotive
Lithium-Ion Battery Market research report interprets
definition, an investigation of significant progress in the industry. It
provides overall industry survey, product description, wide array of
applications, top players, and development forecast. It enhances understanding
about that market along with new business trends.
Increasing awareness
regarding the advantages of Electric Vehicles (EVs) backed by favorable
government initiatives is anticipated to drive the global automotive
lithium-ion battery market over the forecast period. Rising need for high power and high energy
density along with excellent safety performance along with minimum
self-discharge and low maintenance capabilities are stimulating growth in
industry. Escalated adoption of Li-ion batteries in hybrid electric vehicles is
driving industry growth. Automotive Li-ion batteries provide higher efficiency
than traditional Lead batteries. Additionally, Li-ion batteries are perceived
as green alternatives to lead and Absorbed Glass Mat (AGM) batteries. High
endurance feature makes these batteries apt for high drain devices and
automobiles.
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Main features of the report:
·
To provide
detailed analysis of the market structure along with forecast of the various
segments and sub-segments of the global Automotive Lithium-Ion Battery Market.
·
A complete
backdrop analysis, which includes an assessment of the parent market
·
Important
changes in market dynamics
·
Market
segmentation up to the second or third level
·
To provide
country level analysis of the market for segment by application, product type
and sub-segments.
·
To provide
strategic profiling of key players in the market, comprehensively analyzing
their core competencies, and drawing a competitive landscape for the market.
·
Track and
analyze competitive developments such as joint ventures, strategic alliances,
mergers and acquisitions, new product developments, and research and
developments in the global Automotive Lithium-Ion Battery Market.
·
Emerging
niche segments and regional markets
·
An
objective assessment of the trajectory of the industry.
Li-ion batteries are
relatively lighter in weight and more compact than conventional batteries.
Employing the battery with slim laminated structure and fewer parts has
amplified its flexibility, making its installation easier than its
counterparts. Automobile industry is increasingly adopting Li-ion batteries as
it is the most promising and fastest growing battery chemistry. Light weight
and high electrochemical potential of Lithium metal can be attributed as a
major reason for increased adoption of Li-ion batteries in automobiles
Automotive Li-ion batteries are experiencing an upsurge in demand owing to
capabilities such as prolonged battery life, low maintenance and low
self-discharge rate than the usual nickel-cadmium car batteries. Li-ion
batteries are swiftly replacing lead-acid batteries as these batteries are well
suited for contemporary fuel gauge applications. Additionally, Li-ion batteries
offer greater safety to automobile users than the potentially hazardous
lead-acid batteries.
The global automotive
Li-ion batteries market can be segmented on the basis of applications into
Starting Lighting Ignition (SLI), Idle Stop, and Hybrid & electric
vehicles. The Hybrid and electric vehicles segment is anticipated to witness
high growth owing to escalating demand for Li-ion batteries in Battery Electric
Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs) and Hybrid Electric
Vehicles (HEVs). Lithium-ion batteries are relatively expensive; however, with
appropriate price modeling the SLI segment is projected to witness high growth.
Enhanced battery performance and dynamics are anticipated to propel the demand
in Idle Stop segment. Automotive batteries are a common source of problems for
users in cold regions. Automobile failures owing to frozen electrolyte have created
a high demand for Li-ion batteries. These batteries are designed to operate
well in freezing temperatures as low as -40°F. Low temperature operability has
made these batteries highly desirable in cold regions of North America and
Europe.
Countries from the European
Union have stressed on the need of creating a sustainable environment and are
formulating and implementing strategies to minimizing the carbon footprint.
Stringent rules and regulations in countries such as Germany and the UK are
instrumental in increasing the demand for automotive Li-ion batteries. Strong
presence of automobile manufacturers, focusing on safe and environment friendly
batteries are expected to impel growth in the industry. Robust upstream supply
chain for Li-ion battery production and commercialization is driving the
industry growth in Asia Pacific regional market. Governments in Japan, China
and Korea are supporting market vendors to meet the aggressive goals for
domestic production of Li-ion batteries through tax rebates and other
investment incentives to encourage the adoption of EVs amongst consumers.
Japan’s Lithium-ion cluster
is projected to grow owing to sustained investments in Li-ion technology. The
Japanese government is undertaking initiatives to boost private sector
investments with R&D funding and low cost capital for establishing
manufacturing plants. However, lack of awareness among underdeveloped countries
may hinder the industry growth. Operational issues such as voltage drop and
shorter shelf life are further anticipated to drive down the growth
opportunities. Moreover, recycling of these batteries is highly complicated
owing to Lithium’s property of being inherently unstable. Thermal runaway and
venting may cause fires, making them less desirable. Key recharged vendors
dominating the automotive lithium-ion battery market are A123 Systems LLC,
Automotive Energy Supply Corporation, Boston-Power Inc., BYD Auto Co Ltd.,
E-One Moli Energy Corp., Johnson Controls Inc., LG Chem Ltd., Lithium Energy
Japan Corporation, Panasonic Corporation, Robert Bosch GmbH, and Samsung SDI
Co.
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