Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
Time for a Digital Revolution in the Women’s Health Market
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Fast Growing Startups Pose Stiff Challenge to Industry Incumbents
save 25 %
* Required Fields
Pay by invoice
The secondary battery market in Asia-Pacific is experiencing strong growth due to significant fall in battery costs and increasing demand from automotive, utilities, industrial sectors, consumer electronics, and wearable segments. Asia-Pacific is the largest market globally for batteries and is also rapidly growing its battery production. The region is also a fast-growing hotbed for battery-related investments and for research and development of new and innovative battery technologies.
This study covers some of the emerging and exciting secondary battery manufacturing companies in Asia-Pacific, spanning South Asia, East Asia, Southeast Asia, and Australasia regions. These companies manufacture secondary batteries that are majorly lithium-based, flow-based, or lead-based. The companies profiled in this study include A123 Systems, CALB, CATL, Cellennium, E-one Moli, Enax, Energy Renaissance, Jenax, Lishen, Narada Power, Power Japan Plus, ProLogium, Redflow, Rongke Power, SK Innovation, and Tianneng Battery.
Li-ion based batteries are the most dominant segment due to the fast-growing demand in the automotive industry and consumer segments. Consumer equipment demand is likely to witness a stable trend, with growth largely from original equipment manufacturers (OEMs). In the industrial segment, lead acid battery technology is considered the most dependable, affordable, and proven for backup applications in UPS and inverters. The automotive segment will witness the price of the electric vehicles (EV) Li-ion battery to hit $100 per kWh by 2020. China, Japan, and South Korea will be key APAC countries in the development of secondary batteries. The push for green power as a result of national mandates undertaken by governments in Asia-Pacific to reduce carbon emissions has resulted in the development of new battery chemistries and the betterment of existing ones. Advancements in energy storage, distributed generation, electric vehicles, and consumer electronics are driving the growth of the battery market. The addressable market for newer, cleaner battery chemistries is also expected to increase with stringent regulatory push and incentives towards green energy sources coupled with falling lithium-ion battery prices. As the world becomes ever more dependent on batteries to power modern life, challenges are aplenty and it becomes critical to adopt increasingly diverse approaches to develop batteries for different segments. For instance, fast-charging and high capacity batteries for electric vehicles; highly efficient batteries for grid-level storage for solar and wind farms; and batteries that tackle fire risks in the consumer segment are the current need of the hour.
Key Issues Addressed
solar energy market
functional beverage market
diet food market
flexible electronics market
augmented reality market
diabetes devices market
smart grid market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.