MRO Magazine

Global Li-ion Battery Market in the Transportation Sector Expected to Reach Nearly USD 11 Billion by 2019: Technavio


August 14, 2015
By Business Wire News

LONDON

Technavio’s latest report on the global li-ion battery market in the transportation sector states that li-ion battery shares in the e-bike segment will increase during the forecast period. Analysts have predicted a growth rate of over 21% between 2015 and 2019.

The global li-ion battery market is also growing in the ESS sector. Both markets will see a drastic reduction in li-ion battery costs by 2020.

“The entry of international players in China’s market will boost li-ion battery production and growing traction of electric vehicles will increase the demand for li-ion batteries,” says Faisal Ghaus, Vice President of Technavio.

The report provides an in-depth analysis on the market’s major drivers, risks and challenges, emerging trends and key vendors.

The most prominent companies are as follows:

  • A123 Systems
  • AESC
  • Blue Energy
  • BYD
  • Coslight
  • Hitachi
  • Johnson Matthey
  • LG Chem
  • Panasonic
  • SAFT
  • Sinopoly Battery
  • Tianjin Lishen Battery
  • Toshiba

Technavio’s latest reports in the li-ion battery area:

Global Li-ion Battery Market in Transportation Sector 2015-2019
Global Li-ion Battery Market for ESS 2015-2019
Li-ion Battery Market for E-cigarettes in the US 2015-2019
Global Li-Ion Battery Market for Power Tools 2015-2019
Global Li-ion Battery Market for E-bikes 2015-2019
Global Li-ion Battery Market for Digital Cameras 2015-2019

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1-630-333-9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com