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Electric Vehicles, Energy Storage and Industrial Applications Boost Demand
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Increasing usage of smart phones with mobile internet facility loaded with multiple apps have become the way of life for many across the world. Asia Pacific region includes countries with high population, emerging economy and increasing urbanization trend. All this paves way for higher demand for smart phones, telecom and data center infrastructure that demands the use of lithium-ion batteries directly or indirectly. Similarly, lithium-ion batteries have become the norm for all consumer electronic equipment including mobile phones, laptops, tablets, power bank, wearable devices such as smart watch and so on. Penetration of lithium-ion chemistry is increasing in the industrial applications including cordless power drills, data center and backup power, energy storage, advanced medical devices, material handling equipment and so on. Although lithium-ion is yet to fully replace existing battery chemistry, each year equipment fitted with lithium-ion is increasing significantly, which drives lithium-ion battery demand for this segment. Electric vehicles (EVs) is one the key emerging trend in APAC region, where each country has a supportive policy in place, with all major battery manufacturers based out of this region. This study tracks the demand for lithium-ion battery from APAC region, that includes Japan, South Korea, Taiwan, Southeast Asian countries such as Thailand, Indonesia, The Philippines, Singapore, Malaysia and so on, Australia and New Zealand. This study details lithium-ion battery revenue from consumer, industrial and automotive application from this geographic region. China, India and South Asian countries are all excluded, while the revenue forecast is provided for a period of 2018 to 2025. The key questions this study answers include: - Is the market growing, how long will it continue to grow, and at what rate? - Which are the key end-user applications that use this battery extensively? - What are the key industries supporting growth? Is there a difference in demand patterns across different countries? - How will the structure of the market change with time? Is the market ripe for acquisitions? - How does the demand pattern for lithium-ion battery vary across each country according to end-user applications? - Are the vendors in this space ready to manage alone, or do they need partnerships to take their businesses to the next level?
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