Research and Markets has announced the addition of the “Li-ion Battery Market in Japan 2015-2019” report to their offering. The analysts forecast the Li-ion Battery market in Japan to grow at a CAGR of 20.6 percent over the period 2014-2019.
The report, the Li-ion Battery Market in Japan 2015-2019, 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 in the coming years. The report also includes a discussion of the key vendors operating in this market.
Availability of different types of Li-ion batteries is one of the key trends being witnessed in the market. Various types of Li-ion batteries are available in the market depending on application. End-users choose Li-ion batteries as per their requirements. Lithium cobalt oxide batteries are well suited for cellphones, laptops, and cameras because of their high current densities.
According to the report, the cost of Li-ion battery is decreasing at a rapid rate because of an increase in end-user applications. The cost of Li-ion batteries has decreased significantly because of the increased use in many applications such as BEVs, PHEVs, HEVs, uninterruptible power supply, forklifts, consumer electronics, and backup power supplies.
Further, the report states that the performance of Li-ion battery is questioned because of overcharging or fluctuating voltage and current. Overcharging of Li-ion batteries in electronic devices will significantly reduce their life and charging capability, which leads to obsolescence of battery.
The Li-ion Battery market in Japan has been segmented based on application: consumer electronics, automotive, industrial, power application, and others.