Dallas,TX (PRWEB) January 02, 2015
Advances in technologies over the years have resulted in a corresponding increase in the adoption of consumer electronics devices worldwide. Electronic devices lose their battery power in a shorter time and, therefore, require frequent charging. As a result, there is increased need for efficient and durable rechargeable batteries, which has led to the growth of the Global Li-ion Battery market.
Key players in the Global Lithium Ion Battery Market: LG Chem Ltd, Panasonic Corp., Samsung SDI Co. Ltd and Sony Electronics Inc.
Other Prominent Vendors in the market are Boston-Power, Build Your Dreams Battery, China BAK Battery, Electrovaya, EVE Energy, Hitachi Maxell, Shandong Heter Lampson Electronic (a subsidiary of Heter Electronics Group), TDK, Tianjin Lishen Battery and Valence Technology.
According to the report, increased demand for li-ion batteries worldwide is one of the key drivers of this market. Usage of li-ion batteries in grid energy storage has increased over the years because of the increased demand-supply gap in electricity. Li-ion batteries store excess power and make available this stored power during peak hours of demand.
Further, the report states that concerns vis-à-vis the health and safety of people operating li-ion batteries have increased. Considering the volatile nature of li-ion batteries, it becomes imperative to ensure additional protection from explosions owing to excessive charging.
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Key Market Driver
- Increasing Demand for Li-ion Batteries in Grid Energy Storage
Key Market Challenge
- Concerns vis-à-vis Health and Safety
Key Market Trend
- Advances in Technologies
Table of Contents
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Application
08. Market Segmentation by Technology
09. Market Segmentation by End-users
10. Geographical Segmentation
11. Key Leading Countries
12. Buying Criteria
13. Market Growth Drivers
14. Drivers and their Impact
15. Market Challenges
16. Impact of Drivers and Challenges
17. Market Trends
18. Trends and their Impact
19. Vendor Landscape
20. Key Vendor Analysis
21. Other Reports in this Series
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