Global Advanced Batteries Market Expanding due to Demand for Electric Vehicles, Consumer Electronics

Albany, New York, December 21, 2015: Leading market analysis firm Transparency Market Research has announced a new report in the semiconductor and electronics sector. The report deals with the global advanced batteries market, with historical statistics allied to detailed analysis of present market dynamics and accurate market forecasts for the 2013-2019 forecast period. The report is titled ‘Advanced Batteries Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019’.

The global advanced batteries market has risen rapidly in recent years thanks to the increasing demand for electric vehicles and consumer electronics. Advanced batteries are rechargeable batteries made up of lithium ions. This makes them highly valuable in all applications that require repeated usage. Consumer electronics such as smartphones and laptops require energy-dense batteries that can be recharged frequently, which calls for the use of advanced batteries. The rising demand for such consumer electronics has led to a high growth rate for the global advanced batteries market.

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The key attributes of advanced batteries that facilitate their usage in consumer electronics are their light weight and compact size. Since consumer electronics need to be portable, poly lithium ion advanced batteries are the perfect solution for this industry. Due to their relatively high energy density, compact advanced batteries can be easily fit into modern consumer electronics, which further aids their utility in the electronics industry.

In electric and hybrid cars, advanced batteries present a plethora of benefits. The global deposits of petroleum fuels are depleting quickly, owing to the rapid rate of extraction in the past. As a result, electric cars are becoming the norm rather than the exception in the automotive industry. Apart from the inevitable need to break free of the dependence on fossil fuels, advanced batteries also don’t generate any emissions, in stark contrast to conventional petroleum fuels. This has helped demand for advanced batteries.

The energy density of current advanced batteries, however, is lower than fossil fuels. This is the major restraint on the global advanced batteries. Recognizing this, many carmakers around the world have invested heavily in R&D in advanced battery propulsion, and this field is certain to grow rapidly in the coming years.

The report examines the impact of these drivers and restraints on the global advanced batteries market in the period between 2013 and 2019.

The Western World has been an early adopter of advanced batteries, due to high penetration of the major application segments of the advanced batteries market, such as consumer electronics and electric cars in the U.S. and the U.K. Other major regional segments of the global advanced batteries market expected to gain prominent shares over the forecast period are India, Germany, Japan, and China. The report details the performance of advanced batteries in these and other key regional segments in order to provide a clear-cut view of the global distribution of the advanced batteries market.

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