"Soaring sales of plug-in and electric vehicles is one among the key factors spurring adoption of lithium-ion battery packs, as lithium-ion batteries have become the ‘battery of choice’ among automakers worldwide. Multiple advantages of a lithium-ion battery pack, such as high energy & power density, is making it outsell the conventional lead-acid variants", says the Fact.MR report.
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Challenges Faced by Key Stakeholders of Lithium-Ion Battery Pack Market?
- With emerging technologies such as aluminum-ion batteries and flexible batteries in the global battery market landscape, end-users have the advantage to choose from a range of promising varieties to meet their energy-storage requirements. This, in turn, is likely to entail challenges for the manufacturers in the lithium-ion battery pack market.
- Rapidly-evolving technologies and subsequent demand for new materials are exerting considerable pressure on manufacturers of lithium-ion battery packs to retain the supply chain consistency. Comprehending end-users’ performance requirements for diverse applications remains a critical aspect for manufacturers for sourcing raw materials and decreasing lead times, notably for product prototyping and development processes.
Lithium-Ion Battery Pack Market- Research Methodology
The report on lithium-ion battery pack market offers an all-inclusive analysis and assessment on global lithium-ion battery pack market, which has been designed using a proven and tested research methodology that comprises of primary and secondary phases. This research methodology used for compiling lithium-ion battery pack market aids in arriving at incisive insights into the growth course of lithium-ion battery pack market during the forecast period. Data and insights garnered for lithium-ion battery pack market are further subjected to multiple stages of validation and examination before including them in the lithium-ion battery pack market report.
Key players operating in the lithium-ion battery pack market and profiled in the report include BYD, Automotive Energy Supply Corporation (AESC), Contemporary Amperex Technology Co. Limited, (CATL), East Penn Manufacturing Co., Guoxuan High-Tech, Lishen Battery, Hoppecke Batterien GmbH & Co. KG., Leoch International Technology Ltd., China Aviation Lithium Battery Co., Ltd (CALB), CBAK Energy Technology, Inc., Lithium Energy Japan, Wanxiang Import & Export Co., Ltd., Tianneng Power International Co., Ltd., Coslight Technology International Group Co., Ltd., EnerSys, Toshiba Corporation, and others.
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