The global automotive Li-ion batteries market can be segmented on the basis of applications into Starting Lighting Ignition ( SLI ), Idle Stop , and Hybrid & electric vehicles . The Hybrid and electric vehicles segment is anticipated to witness high growth owing to escalating demand for Li-ion batteries in Battery Electric Vehicles ( BEVs ), Plug-in Hybrid Electric Vehicles ( PHEVs ) and Hybrid Electric Vehicles ( HEVs ). Lithium-ion batteries are relatively expensive ; however , with appropriate price modeling the SLI segment is projected to witness high growth . Enhanced battery performance and dynamics are anticipated to propel the demand in Idle Stop segment . Automotive batteries are a common source of problems for users in cold regions .
Automobile failures owing to frozen electrolyte have created a high demand for Li-ion batteries . These batteries are designed to operate well in freezing temperatures as low as -40 ° F . Low temperature operability has made these batteries highly desirable in cold regions of North America and Europe . Countries from the European Union have stressed on the need of creating a sustainable environment and are formulating and implementing strategies to minimizing the carbon footprint . Stringent rules and regulations in countries such as Germany and the UK are instrumental in increasing the demand for automotive Li-ion batteries .
Browse Full Research Report @ https :// www . millioninsights . com / industry-reports / automotive-lithium-ion-battery-market
Strong presence of automobile manufacturers , focusing on safe and environment friendly batteries are expected to impel growth in the industry . Robust upstream supply chain for Li-ion battery production and commercialization is driving the industry growth in Asia Pacific regional market . Governments in Japan , China and Korea are supporting market vendors to meet the aggressive goals for domestic production of Li-ion batteries through tax rebates and other investment incentives to encourage the adoption of EVs amongst consumers . Japan ’ s Lithium-ion cluster is projected to grow owing to sustained investments in Li-ion technology .
The Japanese government is undertaking initiatives to boost private sector investments with R & D funding and low cost capital for establishing manufacturing plants . However , lack of awareness among underdeveloped countries may hinder the industry growth . Operational issues such as voltage drop and shorter shelf life are further anticipated to drive down the growth opportunities . Moreover , recycling of these batteries is highly complicated owing to Lithium ’ s property of being inherently unstable . Thermal runaway and venting may cause fires , making them less desirable . Key recharged vendors dominating the automotive lithium-ion battery market are A123 Systems LLC , Automotive Energy Supply Corporation , Boston-Power Inc ., BYD Auto Co Ltd ., E-One Moli Energy Corp ., Johnson Controls Inc ., LG Chem Ltd ., Lithium Energy Japan Corporation , Panasonic Corporation , Robert Bosch GmbH , and Samsung SDI Co .
See More Reports of this Category by Million Insights @ https :// www . millioninsights . com / industry / automotive-and-parts