Asia Pacific Lithium-Ion Battery Market By Material Type (Cathode, Anode, Electrolytic Solution), Vertical (Electronics, Automotive, Industrial)
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The Asia Pacific Lithium-Ion Battery Market would witness market growth of 10.8% CAGR during the forecast period (2017 - 2023). Asia Pacific region would be an opportunistic market, and the region would be top revenue generating region among others. Increasing demand for mobiles and tablets in various countries including India, China, Japan and Thailand would drive the demand for lithium-ion batteries during the forecast period.
China has tremendous market potential due to increasing lithium-ion battery production. The government of the nation also has been offering favorable grounds with subsidies for electric vehicles, which would create immense market potential over the forecast period. China is the leading country, generating the highest wind energy. The production of wind energy would significantly increase over the years.
Wind capacity output is likely to cross 200 GW by 2020, driving the demand for energy storage systems in the country, and as a result, it would positively influence the demand for batteries. Based on Material Type, the Lithium-Ion Battery market segments the market into Cathode, Anode, Electrolytic Solution, and Others. Based on Vertical, the market report segments the market into Electronics, Automotive, Industrial, and Others.
Based on Countries, the Lithium-Ion Battery market segments the market into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the competition analysis of key stakeholders of the Asia Pacific Lithium-Ion Battery Market. Key companies profiled in the report include Toshiba Corporation, Panasonic Corporation, GS Yuasa Corporation, Automotive Energy Supply Corporation (AESC), BAK Group, Samsung Electronics Co. Ltd. (Samsung SDI Co. Ltd.), Hitachi, Ltd. (Hitachi Chemical Co., Ltd.), LG Corporation (LG Chem), BYD Company Ltd., and A123 Systems, LLC.