Lithium-Ion Battery Pack Market: Soaring Sales of Electric Vehicles is Estimated to Provide a Significant Impetus to Growth

Rockville, USA, 2019-Jul-01 — /EPR Network/ — According to a new study of Fact.MR, sales of lithium-ion battery pack will exceed 151 Mn units in 2019, up from 131 Mn units in 2018. Development of safe and reliable battery packs, in line with the surging power requirements from multiple applications is for to complement growth of lithium-ion battery market.

“Soaring sales of plug-in and electric vehicles is one among the key factors spurring adoption of lithium-ion battery packs, as lithium-ion batteries have become the ‘battery of choice’ among automakers worldwide. Multiple advantages of a lithium-ion battery pack, such as high energy & power density, is making it outsell the conventional lead-acid variants”, says the Fact.MR report.

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Challenges Faced by Key Stakeholders of Lithium-Ion Battery Pack Market?

  • With emerging technologies such as aluminum-ion batteries and flexible batteries in the global battery market landscape, end-users have the advantage to choose from a range of promising varieties to meet their energy-storage requirements. This, in turn, is likely to entail challenges for the manufacturers in the lithium-ion battery pack market.
  • Rapidly-evolving technologies and subsequent demand for new materials are exerting considerable pressure on manufacturers of lithium-ion battery packs to retain the supply chain consistency. Comprehending end-users’ performance requirements for diverse applications remains a critical aspect for manufacturers for sourcing raw materials and decreasing lead times, notably for product prototyping and development processes.

Lithium-Ion Battery Pack Market- Research Methodology

The report on lithium-ion battery pack market offers an all-inclusive analysis and assessment on global lithium-ion battery pack market, which has been designed using a proven and tested research methodology that comprises of primary and secondary phases. This research methodology used for compiling lithium-ion battery pack market aids in arriving at incisive insights into the growth course of lithium-ion battery pack market during the forecast period. Data and insights garnered for lithium-ion battery pack market are further subjected to multiple stages of validation and examination before including them in the lithium-ion battery pack market report.

Key players operating in the lithium-ion battery pack market and profiled in the report include BYD, Automotive Energy Supply Corporation (AESC), Contemporary Amperex Technology Co. Limited, (CATL), East Penn Manufacturing Co., Guoxuan High-Tech, Lishen Battery, Hoppecke Batterien GmbH & Co. KG., Leoch International Technology Ltd., China Aviation Lithium Battery Co., Ltd (CALB), CBAK Energy Technology, Inc., Lithium Energy Japan, Wanxiang Import & Export Co., Ltd., Tianneng Power International Co., Ltd., Coslight Technology International Group Co., Ltd., EnerSys, Toshiba Corporation, and others.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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