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Global Lithium-ion Battery Market 2017-2021DUBLIN, Jan. 12, 2018 /PRNewswire/ -- The "Global Lithium-ion Battery Market 2017-2021" report has been added to ResearchAndMarkets.com's offering. The latest trend gaining momentum in the market is legislative support for battery recycling. Lithium-ion batteries are the most commonly used battery type globally for many applications. Globally, governments worldwide are formulating regulations to recycle batteries that have harmful materials, such as lithium-ion cells to prevent groundwater and environmental contamination. Recycling can help extract useful metals from battery scrap, which also helps manufacturers overcome cost issues in the production of new batteries. Since 2006, Umicore of Belgium has been one of the few companies recycling lithium-ion batteries, using a combination process of smelting and leaching with chemicals to recover the metals. Similarly, other companies in different parts of the world like Stiftung GRS Batterien, Li-Cycle, and others are focusing on lithium-ion battery recycling. Furthermore, the report states that one of the major factors hindering the growth of this market is a growing popularity of fuel cell solutions. Lithium-ion battery end-users such as the automotive and material handling equipment industries face a major challenge with the increasing replacement of standard lithium-ion batteries with fuel cells. For instance, forklifts are used in warehouses where the operations can extend for three or more shifts in a day. If lithium-ion batteries are used, they need to be replaced or charged more than once in a day, which leads to issues in logistics management. Conventional batteries such as lead-acid batteries and lithium-ion batteries require a long recharging period, hold less energy with each charge, and have to be replaced every 2-3 years. To overcome such difficulties, more of these end-users are opting for fuel cell systems. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The report, Global Lithium-ion Battery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key questions answered in this report
Key Topics Covered: Part 01: Executive Summary For more information about this report visit https://www.researchandmarkets.com/research/xhkmqw/global?w=5 About ResearchAndMarkets.com Media Contact: Research and Markets |