Boston, MA -- (SBWIRE) -- 08/31/2015 -- Fast Market Research announces the availability of Technavio's new report "Global Small Li-ion Battery Market 2015-2019" on their comprehensive research portal.
A small Li-ion battery is a rechargeable battery that is commonly used for portable applications such as mobile phones, laptops, tablets, e-cigarettes, power tools, e-bikes, and digital cameras. The advantages of small Li-ion batteries, such as their compact size, light weight, high power, and high capacity have made them increasingly popular across industries such as consumer electronics, automotive, construction, and telecom.
Technavio's analysts forecast the global small Li-ion battery market to grow at a CAGR of 6.6% over the period 2014-2019.
Get More Details on this Report and a Full Table of Contents at Global Small Li-ion Battery Market 2015-2019
Commenting on the report, an analyst from Technavio's team said: ?The significant role of rechargeable batteries in consumer electronic goods is the major reason for the increased demand of Li-ion batteries in the electronics segment. The growing demand for various electronic devices such as mobile phones, laptops, notebooks, and cameras is resulting in an increased demand for Li-ion batteries.?
Get More Details on this Report and a Full Table of Contents at Global Small Li-ion Battery Market 2015-2019
According to the report, the demand for small and lightweight devices such as laptops is growing rapidly, which is raising the demand for Li-ion batteries because they can store energy for longer periods and can be manufactured in small and thin sizes.
Further, the report states that Li-ion battery manufacturers face some assembly-related issues during the manufacture of these batteries. Adherence to specific standards adds to the costs, which deters manufacturers from investing more in the market. Issues regarding assembly during the manufacture and production of Li-ion batteries are thus hindering the growth of the market.
The key players in the Global Small Li-ion Battery Market are BYD, China BAK, LG Chem, Panasonic, Samsung SDI, Sony and Tianjin Lishen Battery while other prominent vendors include ATL, Boston, Cell-Con, Ecsem, Electrovaya, EnerDel, Highpower International, HYB Battery, KAYO, Minamoto, BPB and Sunwoda.
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