Electric Vehicle Market Growth Drives Demand for Li-ion Batteries to Reach 87GWh worth $36.5bn by 2020
Industry Experts has today unveiled the new market research report on Lithium-ion Batteries. The new report provides and in-depth analysis of all available hybrid and electric vehicle models, currently produced, for their battery specifications including number of cells used, battery capacity, cell chemistry, cell type and cell/battery supplier. The study also focuses on market numbers for production of hybrid and electric vehicle by model and producing country. As per this global market report ‘ Global Lithium-ion (Li-ion) Batteries Market in Hybrid and Electric Vehicles – HEV, PHEV and BEV ’, Panasonic dominates the supply of Li-ion battery cells for hybrid and electric vehicles, with a 2014 share of 40.4% equating to 3.3 GWh. AESC and LG Chem stand at numbers two and three, with 1.6 GWh (19.4%) and 960.4 MWh (11.6%) respectively in the same year. Growth in demand for Lithium-ion (Li-ion) batteries has encompassed a range of application areas, including consumer electronics, hybrid