The need for lightweight and high-power batteries among consumers is influencing establishments from various verticals to substitute the conventional Li-Cad batteries with their Li-ion counterparts. Although the electronics industry appears to be the frontrunner, the automobile industry will overhaul the former on grounds of production of driverless - vehicles, and electric vehicles (EV) at a sweeping rate.
Government norms are compelling automakers to shift from fossil fuels to renewable sources realizing environmental concerns – a major facelift doubling the growth of the global lithium-ion battery market over the predefined timeframe. Asia Pacific economies, including China, persist to be the ground zero for the market owing to surging production of EVs and Autonomous vehicles (AVs), as well as supportive incentives for zero or low emission vehicles.
These insights are according to the intelligence report, titled, "Lithium-ion battery Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2027," which has been of late added to Market Research Hub’s (MRH) overarching armamentarium.
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Complete Electrification – A Primary Aspect for Market Players
Lithium-ion batteries offer umpteen advantages, such as high energy density, high discharge power, and low impact of time, making it a great fit for eco-friendly vehicles, and electronic gadgets. However, lithium-ion batteries are posing critical disposal concerns and exerting adverse impact on the environment. For efficient recycling of the batteries, manufacturers are using polymer separators and plastic cases, enabling easier disintegration of the components, and decreased initial costs with lesser starting material requirements.
Market players are in neck-and-neck with each other in the global lithium-ion battery market, with private sectors setting higher benchmarks. Volkswagen, a German automaker, has aimed to electrify all its car designs by the next decade. Chinese automobile manufacturers – Yutong and BYD – are producing electric buses in Latin America and Europe.
Battery makers are focusing on customer-centric trends by offering tailored lithium-ion batteries with customizable dimensions. With the world welcoming the ‘Electricity as Fuel’ era, manufacturers are entering into long-term collaborations with automobile, and electronics makers to deepen their product penetration in order to gain a competitive edge.
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Lithium-ion battery Market: Report Content
Quantitative and qualitative assessment exhort intelligence and overarching report on the lithium-ion battery market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the lithium-ion battery market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on lithium-ion battery.
An insightful and deep-dive assessment of the competitive assessment of the lithium-ion battery market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the lithium-ion battery market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Lithium-ion battery Market: Research Methodology
Primary sources and secondary sources propel intelligence report on lithium-ion battery market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst. Report on lithium-ion battery market further acknowledges secondary sources—namely—Factiva, EC filing, press release, trade journals, resourceful database and governmental websites.
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