The global lithium-ion battery industry is expected to reach $24.2 billion by 2018. APAC is expected to be the leading region in terms of lithium-ion battery consumption for automotive industry during 2013-2018.
The global lithium-ion battery industry is expected to reach $24.2 billion by 2018. APAC is expected to be the leading region in terms of lithium-ion battery consumption for automotive industry during 2013-2018. High demand of rechargeable lithium-ion batteries, such as USB charger, solar laptop battery charger, and mobile phone charger as well as economic growth in APAC accelerated the demand in this region.
The report highlights that the lithium-ion battery is expensive. The raw materials used in anode and cathode are of high prices. Raw material price decreased in 2012. High unemployment levels in the Euro area and the advanced economies are expected to weigh on the global unemployment in 2013. With the revival of the major economies in 2014, the unemployment situation is likely to improve.
The study gives a brief overview that consumer electronic products are one of the key drivers, which has the highest market share in terms of value. Lithium-ion battery is used in most of the consumer goods such as laptop, tablet, smartphones, mp3 players, video games, calculators, watches, and portable devices. Demand for lithium-ion battery is also increasing due to its low price, high temperature bearing capacity, and low weight.
This report covers an in-depth analysis of lithium-ion battery industry,stating the emerging region of the industry in the forecast period (2013-2018).This report will also help in knowing the upcoming opportunities and threats that are likely to be faced by industry players. It provides regional analysis and gives insights into the growth and opportunities in those regions (North America, Europe, APAC, and ROW).
This report will benefit original equipment manufacturers, suppliers of the industry, and the upcoming investors who are willing to enter in this industry.
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