Global Li-ion Battery Market for EVs 2015-2019

NEW YORK, May 18, 2015 /PRNewswire/ -- About li-ion battery for EVs
Li-ion battery is used as a power source in EVs for transportation. It is used as an alternative source of power in PHEVs and a primary source of power in BEVs. A Li-ion battery powers the electric motor used for propulsion in a BEV. A PHEV uses both an IC engine and an electric motor for propulsion. The use of double fuel system makes PHEVs expensive, efficient, and a preferred choice among end-users. The use of battery-operated vehicles helps to reduce carbon emissions and the dependence on fossil fuels. The battery used in EVs is automatically charged during the transportation through regenerative braking mechanism and is completely refilled or recharged by a voltage ranging from 110 to 440 volts. The application of li-ion battery is higher in BEVs and PHEVs, because of its high energy density and long life span compared to other available rechargeable batteries in the market.
Technavio's analysts forecast the global li-ion battery market for EVs to grow at a CAGR of 31.1% over the period 2014-2019.


Covered in this report
The report covers the present scenario and the growth prospects of the global li-ion battery market for EVs for the period 2015-2019. Based on vehicle type, the market is segmented into two: BEVs and PHEVs.
Technavio's report, the Global Li-ion Battery Market for EVs 2015-2019, hasbeen prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the global li-ion battery market for EVs landscape and its growth prospects in the coming years. The report includes a discussion of the Key vendors operating in this market.

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SOURCE Reportlinker

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