Global Li-ion Portable Battery Market: Overview
The Li-ion portable battery is a specific rechargeable battery type wherein the lithium ion travels from the negative side to the electrode’s positive side in the process of discharging; further, it returns back when charged. An interpolated lithium material is used in the Li-ion portable batteries; materials such as electrode material are used as compared to the metallic lithium that is used in non-rechargeable Li-ion batteries. The electrolyte, as it enables the movement of the ions, and the two electrodes are very important components in the Li-ion batteries.
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Global Li-ion Portable Battery Market: Growth Factors
The major factor contributing to the growth of the Li-ion portable battery market is the continuously increasing demand for the electric vehicles, smart devices, and other kinds of consumer non-durables. Stringent government policies on the fuel economy and fuel consumption are further boosting the demand of the Li-ion portable battery in the market. Therefore, the constantly rising need for the portable electronic devices owing to their long lasting shelf life is propelling the demand for Li-ion batteries around the world in the global market. On the other hand, the overheating concern of these Li-ion batteries may restrain the growth of the global market to some extent. The major concern for the global Li-ion portable battery market is the batteries’ hefty price.
Global Li-ion Portable Battery Market: Segmentation
The global Li-ion portable battery market is segmented on the basis of type, technology, power capacity, and end-user. On the basis of technology, the global market is segmented as cathodes, anodes separators, and electrolytes. Based on the power, the global Li-ion portable battery market is categorized as 0–3000 mAh, 3000–10000 mAh, 10000–60000 mAh. On the basis of type, the global market is segmented as Li Iron Phosphate, Li-Cobalt Oxide, and Li Nickel Manganese Cobalt. Based on the end user, the global market is segmented as the industrial sector, automotive industry, consumer durables, grid energy, and renewable energy, and others.
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Global Li-ion Portable Battery Market: Regional Analysis
Asia Pacific is the leading player in the global Li-ion portable battery market. This growth is mainly owing to the increasing demand of these batteries specifically in the consumer non-durable and automotive segment. Swiftly increasing demand for these batteries providing a high power supplying capacity along with high safety as well as less pollution is anticipated to boost the global Li-ion portable battery market in the near future. Furthermore, Asia Pacific is expected to continue this trend and its dominance in the global market mainly due to the increasing demand for Li-ion batteries, particularly in consumer durable sector.
Global Li-ion Portable Battery Market: Competitive Players
Some of the major players dominating the Li-ion portable battery market are, BYD Company Ltd., BAK Battery Co. Ltd., LG Chem Ltd., GS Yuasa Corporation, Panasonic Corporation, Johnson Controls Inc., A123 Systems, LLC, and Toshiba Corporation.
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