Boston, MA -- (SBWIRE) -- 07/29/2015 -- A Li-ion battery is used as a power source in EVs for transportation. It is used as an alternative source of power in PHEVs and a primary source of power in BEVs. A Li-ion battery powers the electric motor used for propulsion in a BEV. A PHEV uses both an IC engine and an electric motor for propulsion. The use of a double fuel system makes PHEVs expensive, efficient, and a preferred choice among end-users. The use of battery-operated vehicles helps reduce carbon emissions and dependence on fossil fuels. The battery used in EVs is automatically charged during the transportation through regenerative braking mechanism and is completely refilled or recharged at a voltage ranging from 110 to 440 volts. The application of Li-ion battery is higher in BEVs and PHEVs, because of its high energy density and long life span.

Technavio's analysts forecast the Li-ion battery market for EVs in Norway to grow at a CAGR of 44.6% over the period 2014-2019.

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Covered in this Report
The report covers the present scenario and the growth prospects of the Li-ion battery market for EVs in Norway for 2015-2019. The market has been segmented on the basis of vehicle type into PHEVs and BEVs.

Technavio's report, Li-ion Battery Market for EVs in Norway 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors
- A123 Systems
- Blue Energy
- Deutsche ACCUmotive
- Johnson Controls
- Johnson Matthey Battery
- LG Chem
- Li-Tec Battery
- Panasonic
- Primearth EV Energy
- Toshiba

Other Prominent Vendors
- AESC
- BYD
- China BAK Battery
- Hitachi
- SAFT
- Samsung SDI

Key Market Driver
- Government Initiatives
- For a full, detailed list, view our report

Key Market Challenge
- Charging Duration
- For a full, detailed list, view our report

Key Market Trend
- Increased Investment in Charging Infrastructure
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Companies Mentioned in this Report: A123 Systems, Blue Energy, Deutsche ACCUmotive, Johnson Controls, Johnson Matthey Battery, LG Chem, Li-Tec Battery, Panasonic, Primearth EV Energy, Toshiba, AESC, BYD, China BAK Battery, Hitachi, SAFT, Samsung SDI

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