According
to the report, the global lithium ion battery market, which was worth
nearly USD 11.70 billion in 2012, could grow year-on-year at a CAGR
of 14.4% during the forecast period to reach market value worth
nearly USD 33.11 billion by 2019. The major growth constraints for
the industry during the forecast period are estimated to be the rise
in demand and the huge potential of li-ion batteries in the field of
consumer electronics, automobiles and industrial sector. Asia Pacific
was the major consumer segment for the market in 2012.
Browse
the full report with complete TOC at Global Lithium Ion
Battery Market
http://www.transparencymarketresearch.com/lithium-ion-battery-market.html
Lithium-ion
batteries have huge demand in EV, HEV, energy, military and medical
fields. The constant demand from these fields is the major growth
factor for the market. According to the report, the rising outcry for
reducing the global output of carbon emissions and indictment of
stringent government rules and regulation for the same, particularly
in regions such as North America, China and Europe, are also
supportive to the global lithium-ion battery market.
On
the other hand, factors such as longer lifecycle of lithium-ion
batteries than nickel cadmium, lead nickel and nickel metal hydride
batteries have resulted in a continuous demand from a variety of
industries.
However,
factors such as high prices and risks of overheating are some factors
that could hinder the growth of this market in the coming times, adds
the report.
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Application-wise,
the consumer sector held the largest market shares, followed by the
automotive sector in 2012. This sector is expected to maintain its
lead during the forecast period as well owing to the huge
applications of lithium-ion batteries in consumer electronics such as
cell phones, smart phones, tablet computers, digital cameras, etc.
Other emerging application areas such as military, energy production
and the medical industry also offer huge growth potentials to the
lithium-ion battery market.
Browse
Press Release Global Lithium Ion Battery Market
http://www.transparencymarketresearch.com/pressrelease/lithium-ion-battery-market.htm
Geography-wise,
the Asia Pacific region currently accounts for the major shares of
this market, an estimated 49% in 2012. Demand from China and Japan is
the major reason driving the growth of li-ion battery market in this
region.
The
report mentions that the region of North America could observe the
fastest market growth, at an estimated CAGR of 15.5%, during the
forecast period. This region has been a pioneer in the adoption of
lithium-ion batteries in the past.
Browse
all Semiconductor & Electronics Market Research Reports @
http://www.transparencymarketresearch.com/semiconductor-market-reports-5.html
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