09 August 2018
Visiongain has launched a new energy report Top 20 Lithium-Ion Battery Manufacturing Companies 2018: Market Share Analysis of Leading Companies Including Financial Data & Analysis of Battery Production Facilities for Applications in Automotive Battery Electric Vehicles (BEV), Grid Energy Storage Technologies (EST), Renewable Energy, Industrial & Consumer Electronics
Lithium-ion batteries use a cobalt-based cathode and a graphite-based anode owing to high energy density achieved by the combination. High energy density increases the power storage and can energise electronics and applications with high power requirements. Compared to other types of batteries, Lithium-Ion batteries can deliver upwards of a nominal voltage of 3.6 volts, which is three times higher.
With increasing concerns over energy security and carbon emission issues, there has been a significant increase in the adoption of renewable and nuclear sources for power generation. This leads to an increased focus on more efficient and reliable energy storage and therefore, augmenting the demand for lithium-ion batteries.
The Visiongain report analyst commented "The development of the automotive battery market is important for the automotive sector as batteries serve different automotive applications in alternate and conventional products. Increasing adoption of electric vehicles with favourable government initiatives including subsidies and tax rebates will encourage demand for Lithium-Ion batteries."
Major players operating in the lithium-ion battery market are Panasonic Corporation, Toshiba Corporation, Johnson Controls, Samsung SDI Co. Ltd., LG Chem Ltd., BYD Co. Ltd., GS Yuasa Corporation, Hitachi Ltd., Automotive Energy Supply Corporation (AESC), Tesla, A123 Systems, LLC, and Saft Batteries.
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